Last €9.41 EUR
Change Today -0.53 / -5.37%
Volume 0.0
C08 On Other Exchanges
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As of 2:27 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

caesars entertainment corp (C08) Snapshot

Open
€9.42
Previous Close
€9.95
Day High
€9.42
Day Low
€9.41
52 Week High
03/5/14 - €19.19
52 Week Low
10/28/14 - €6.04
Market Cap
1.4B
Average Volume 10 Days
1.0K
EPS TTM
--
Shares Outstanding
144.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CAESARS ENTERTAINMENT CORP (C08)

caesars entertainment corp (C08) Details

Caesars Entertainment Corporation owns, operates, or manages casino entertainment facilities. Its casino entertainment facilities include land-based casinos, riverboat or dockside casinos, and managed casinos, as well as casinos combined with a thoroughbred racetrack and a harness racetrack. The company operates its casinos primarily under the Caesars, Harrah’s, and Horseshoe names. It also operates hotel and convention space, restaurants, and non-gaming entertainment facilities. In addition, the company owns and operates an online gaming business that provides various real money games in Nevada, New Jersey, and the United Kingdom; offers ‘play for fun’ offerings to customers internationally; and provides social games on Facebook and other social media Websites, and mobile application platforms. Further, it owns and operates the World Series of Poker tournament and brand; and owns the London Clubs International family of casinos. As of December 31, 2013, the company owned, operated, or managed 52 casinos in 5 countries, as well as in the 13 states of the United States. Its facilities had an aggregate of approximately 3 million square feet of gaming space and approximately 42,000 hotel rooms. The company was formerly known as Harrah’s Entertainment Inc. and changed its name to Caesars Entertainment Corporation in November 2010. Caesars Entertainment Corporation was founded in 1937 and is based in Las Vegas, Nevada.

68,000 Employees
Last Reported Date: 03/17/14
Founded in 1937

caesars entertainment corp (C08) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.9M
Global President of Destination Markets
Total Annual Compensation: $1.2M
Chief Regulatory & Compliance Officer, Execut...
Total Annual Compensation: $800.0K
Compensation as of Fiscal Year 2013.

caesars entertainment corp (C08) Key Developments

Caesars Entertainment Corporation Announces Executive Changes

Caesars Entertainment Corporation announced that Gary Loveman, Chairman and Chief Executive Officer, has decided to begin transitioning management of the company at the end of the first quarter. Loveman will continue to serve as Chairman of Caesars Entertainment and of Caesars Entertainment Operating Company. As Chairman, Loveman will continue to oversee the restructuring of CEOC. Mark Frissora joins Caesars Entertainment as CEO designee and will become CEO on July 1. He joins the Board of Directors immediately, and will report to the Board. During the transition period, he will work with Loveman and the Board to familiarize himself with Caesars' operations and leadership team and go through the regulatory licensing process. Frissora brings to Caesars a track record of operating, growing and creating value at complex and highly leveraged companies, including Hertz Global Holdings Inc. and Tenneco Inc.

Caesars Entertainment Corporation and Caesars Entertainment Operating Co. Provide Update on Debt Restructuring Support

Caesars Entertainment Corporation and its subsidiary Caesars Entertainment Operating Company, Inc. announced that as of January 7, 2015, 19 institutions (the Consenting Creditors) who, on behalf of themselves or certain managed funds and/or accounts, hold 53% of claims in respect of CEOC's 11.25% senior secured notes due 2017, CEOC's 8.5% senior secured notes due 2020 and CEOC's 9% senior secured notes due 2020 (collectively, the 'First Lien Notes' and, the claims with respect thereto, the 'First Lien Bond Claims') have signed the Amended and Restated Restructuring Support and Forbearance Agreement, dated as of December 31, 2014 (the RSA), among Caesars Entertainment, CEOC and the Consenting Creditors. The advisors to certain of the Consenting Creditors have notified Caesars Entertainment and CEOC that, subject to the closing of certain purchases of additional First Lien Notes, the Consenting Creditors will hold, in the aggregate, 55% of the First Lien Bond Claims which shall be subject to the RSA. On December 19, 2014, CEOC reached an agreement with CEOC's first lien note holder steering committee regarding terms of a financial restructuring plan, which would significantly reduce long-term debt and annual interest payments, and result in a stronger balance sheet for CEOC. The restructuring support agreement has been signed by all members of the first lien note holder steering committee.

Mitch Garber to Join Caesars Entertainment Corporation as Vice Chairman, Following Merger with Caesars Acquisition Company

Caesars Entertainment Corporation and Caesars Acquisition Company announced that they have entered into a definitive agreement to merge in an all-stock transaction. Upon completion of the merger and the proposed restructuring of Caesars Entertainment Operating Company Inc., the merged company will be well capitalized and positioned for sustainable long-term growth and value creation. Upon the completion of the transaction, Caesars Entertainment will own a collection of high-growth assets, including properties in destination markets and a majority stake in Caesars Interactive Entertainment Inc. and will operate a valuable network of domestic and international resorts and casinos. Gary Loveman, Chairman and Chief Executive Officer of Caesars Entertainment, will be Chairman and CEO of the combined company and has agreed to a new employment agreement that extends his tenure until the end of 2016. Loveman will oversee the restructuring of CEOC and continue to focus on recruiting senior talent to Caesars. Following the merger, Mitch Garber, CEO of Caesars Acquisition, will join the Board of Directors of Caesars Entertainment as Vice Chairman and will assume an expanded leadership role on a project-specific basis across the company.

 

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