More Bad News On CET Today

[slotbender]

CET's bankruptcy reorganization just got hit (I think) with a mortal stab wound. https://www.bloomberg.com/news/articles/2015-07-22/caesars-loses-bid-to-halt-suits-that-may-put-it-into-bankruptcy-icf4tls7

[CPT]

It's time to buy buy buy, get in while it's cheap! They can only rebound right?? :hippie:

[slotbender]

It's time to buy buy buy, get in while it's cheap! They can only rebound right?? :hippie:
Nope! Not yet Kenny. The judges ruling allows both of Caesars corporations to be exposed to pending lawsuits which could end up being catastrophic for the current owners/administration of CET. You'll have to wait and try to time it right to buy their stock once after the dust settles - which may take a while because it's going to be a real "shit storm".

[Darlene]

Definitely will stay away from any CET properties while I'm in Vegas in August.

[CPT]

http://i1.kym-cdn.com/photos/images/facebook/000/091/829/8b1.png

Best cash in my $12 in reward credits before I lose em! Hehe

[slotbender]

CPT What might end up happening is that CET will be forced by the courts to liquidate. That means selling off a few, many, or maybe all of their properties to whoever wants to buy them at fire sale prices just to pay back what's owed to their creditors : /

[foamy]

I will be a buyer but not yet I think they will resolve it if not they will file for protection like alot of buss. have done and if the deal is right a guy could do well but it will take at least 5 years after for the boyz on wall street to forgive them so you can't be in a hurry. imo

[foamy]

CPT What might end up happening is that CET will be forced by the courts to liquidate. That means selling off a few, many, or maybe all of their properties to whoever wants to buy them at fire sale prices just to pay back what's owed to their creditors : /

Exactly and if they get new financing they could buy their own stuff back on the real cheap. I've seen it happen alot before.

[CPT]

I can't imagine anyone would scoop up their AC properties with how much a struggle it was to give away Revel. Plus they want to stick a water park in the Atlantic Club, plenty of time! Hehe

[TwoArmedBandito]

How about we pool our money and buy one?

[foamy]

I can't imagine anyone would scoop up their AC properties with how much a struggle it was to give away Revel. Plus they want to stick a water park in the Atlantic Club, plenty of time! Hehe
I think they would only buy back Harrah's and Caesars honestly if they if forced to sell some of their underperforming properties it might be a blessing in disguise

[goldengreeke]

I keep reading about "Good Caesars properties" and "Bad Caesars properties."
I wonder if there is a list available to the public which shows the revenue and profit statistics on all their properties so that we can determine which of those "bad" properties might be closed or sold?

I just got into the TR and RC program a little over a year ago and really like he fact that I can stay in a hotel room free in just about every state and also accumulate TR and RC credits. Also the free airfare, FP, and F&B offers makes the TR program the best of any other casino chain!

I would really hate to see them sell any of their properties that I play at.

[sondor]

I keep reading about "Good Caesars properties" and "Bad Caesars properties."
I wonder if there is a list available to the public which shows the revenue and profit statistics on all their properties so that we can determine which of those "bad" properties might be closed or sold?

The good/bad refers to properties they moved to the protected group v/s those that were left in the main group(the one that filed for BK)...There is a list somewhere but some of the protected ones were New Orleans, most of Ceasars LVS but not all, I think The QUAD, Flamingo, Planet Hollywood, Paris and I think Harrahs AC and Laughlin There are probably more but those are the one's I can remember. Just found the list

Properties INCLUDED in the Bankruptcy Case

Bally’s Atlantic City

Caesars Atlantic City

Caesars Palace Las Vegas

Harveys Lake Tahoe

Harrah’s Lake Tahoe

Harrah’s Reno

Harrah’s North Kansas City

Harrah’s Joliet

Harrah’s Metropolis

Harrah’s Council Bluffs

Horseshoe Council Bluffs

Horseshoe Hammond

Horseshoe Southern Indiana

Horseshoe Tunica

Tunica Roadhouse

Harrah’s Gulf Coast

Horseshoe Bossier City

Louisiana Downs

Properties EXCLUDED from the Bankruptcy Case

LINQ Promenade and High Roller

Octavius Tower at Caesars Palace

Paris Las Vegas

Bally’s Las Vegas

The Cromwell

The LINQ Hotel & Casino

Planet Hollywood

Flamingo Las Vegas

Rio All-Suites Hotel & Casino

Harrah’s Las Vegas

Harrah’s Laughlin

Harrah’s Atlantic City

Harrah’s New Orleans

Horseshoe Baltimore

Harrah’s Philadelphia

Harrah’s Ak-Chin

Harrah’s Resort Southern California

Harrah’s Cherokee

Horseshoe Cincinnati

Horseshoe Cleveland

ThistleDown Racino

Conrad Punta del Este Resort & Casino

Playboy Club London

The Sportsman

Rendezvous Brighton

Rendezvous Southend-on-Sea

Manchester235

The Casino at the Empire

Alea Glasgow

Alea Nottingham

Emerald Safari

The London Clubs Cairo-Ramses

Caesars Cairo

Caesars Windsor

[slotbender]

I keep reading about "Good Caesars properties" and "Bad Caesars properties."
I wonder if there is a list available to the public which shows the revenue and profit statistics on all their properties so that we can determine which of those "bad" properties might be closed or sold?

I just got into the TR and RC program a little over a year ago and really like he fact that I can stay in a hotel room free in just about every state and also accumulate TR and RC credits. Also the free airfare, FP, and F&B offers makes the TR program the best of any other casino chain!

I would really hate to see them sell any of their properties that I play at.

Whether the properties are considered good or bad won't mean much now Gene. Sorry to say, but I believe that all of them will be tightening up more now than ever on comp's, slot machines, table games, service, etc.. Time will tell how this bankruptcy goes.... Are there any MLife properties close to you? Their comp system is good also and they are still pretty solid financially.

[goldengreeke]

Whether the properties are considered good or bad won't mean much now Gene. Sorry to say, but I believe that all of them will be tightening up more now than ever on comp's, slot machines, table games, service, etc.. Time will tell how this bankruptcy goes.... Are there any MLife properties close to you? Their comp system is good also and they are still pretty solid financially.Nope, nothing around here within a 6 hour drive other than Isle of Capri, Wild Rose, and a few independent and NA casinos...all whose comp programs suck balls and can't hold a candle to the Total Rewards program!

[foamy]

goldengreeke don't worry I guarantee they'll come out of it if not it would be the first time something like this happen then they didn't the banking industry did it the auto industry did it the farming industry did it so it'll all work out that too big to fail is really true

[slotbender]

Nope, nothing around here within a 6 hour drive other than Isle of Capri, Wild Rose, and a few independent and NA casinos...all whose comp programs suck balls and can't hold a candle to the Total Rewards program!
I'm sorry to hear that Gene. But I'm sure that there are other options available to you besides CET properties. Personally, I haven't liked CET properties for the past few years because of their weak financials which told me that they aren't going to be very generous when it came to gambling. Maybe "Fly Borgata" (AC) reaches out West to your area? You can always call them to find out @ 609-317-7878 or go to "flyborgata.com" to see if they do? The Borgata is a Boyd Gaming and MLife property (50/50 joint effort) which both have their other separate properties in Vegas and elsewhere in the U.S..

[CPT]

Amusing just the Octavius Tower at Caesars LV is exempt.
Welcome to "Wynn Palace. You'll be in the Roman Tower tonight. Walk past the Octavius Tower elevators, we don't own that tower. Enjoy your stay!"

[Penguin]

Currently we are receiving about 20 to 25% of theoretical losses back in FP from Cleveland Horseshoe plus free rooms/jr. suites at Ritz Carlton. I'd say that's not bad at all. Headed to Cleveland Friday to get new Diamond card for MrsPenguin. Atlantic City Caesars in 3 weeks. Not worried about BK at all. Cleveland Horseshoe has highest payouts of all casinos/racinos in Ohio. Tightly regulated. No need to screw with payouts as casinos are cash cow.

[slotbender]

Amusing just the Octavius Tower at Caesars LV is exempt.
Welcome to "Wynn Palace. You'll be in the Roman Tower tonight. Walk past the Octavius Tower elevators, we don't own that tower. Enjoy your stay!"

Hey, you never know how this will all turn out Kenny? The CEO of Caesars (CET) is a product of the Wall St. bankers. He was an economics professor at one of the top Ivy League universities before being recruited by Goldman Sachs and then finally onto Caesars. He is a well educated and well trained (by Goldman Sachs) corporate implosion artist. These kind of people like to bankrupt everyone and everything for their own personal gain.

[dwwright12]

Hey, you never know how this will all turn out Kenny? The CEO of Caesars (CET) is a product of the Wall St. bankers. He was an economics professor at one of the top Ivy League universities before being recruited by Goldman Sachs and then finally onto Caesars. He is a well educated and well trained (by Goldman Sachs) corporate implosion artist. These kind of people like to bankrupt everyone and everything for their own personal gain.

So that's why our country is in such a financial mess. Many former Goldman players are in the current administration.[emoji3]


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dwwright12

[treyster]

Currently we are receiving about 20 to 25% of theoretical losses back in FP from Cleveland Horseshoe plus free rooms/jr. suites at Ritz Carlton. I'd say that's not bad at all. Headed to Cleveland Friday to get new Diamond card for MrsPenguin. Atlantic City Caesars in 3 weeks. Not worried about BK at all. Cleveland Horseshoe has highest payouts of all casinos/racinos in Ohio. Tightly regulated. No need to screw with payouts as casinos are cash cow.

CET no longer owns any part of the Ohio casinos, they sold their % to majority owner Rock. At this point, they simply run the rewards programs. At some point in the future, I expect that to change.

[treyster]

How about we pool our money and buy one?

Call it The Jokers Wild Gambling Emporium

We all are from the camp that keeping payouts high will result in a packed casino.

We'd have to invent a way for the hotel to operate without a staff so it wouldn't eat up our money on labor costs. The challenge of doing business in the 21st century...

[slotbender]

Call it The Jokers Wild Gambling Emporium

We all are from the camp that keeping payouts high will result in a packed casino.

We'd have to invent a way for the hotel to operate without a staff so it wouldn't eat up our money on labor costs. The challenge of doing business in the 21st century...
Gotta have topless cock waitresses for drinks though...(haha!)

[TwoArmedBandito]

Topless waitresses and bottomless drinks!

[noleman]

So that's why our country is in such a financial mess. Many former Goldman players are in the current administration.[emoji3]


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dwwright12

Well said. I have met more than a few investment bankers in my time and have several observations: (i) they constantly complain about how hard they work, e.g., "the last time I took a vacation was in 1987"; (ii) they never really work any near as hard as they lead you to believe; and (iii) they add very little to a deal short of putting a buyer and seller together -- that sounds like it might be worth a lot, but it really isn't and they get paid incredible sums of money to do it.

[TwoArmedBandito]

Eliminate the middle man. Get a deal.

[dvandentop]

Hello had no idea they had so many international properties

[SoCalRob]

Topless waitresses and bottomless drinks!
And topless and bottomless waiters/cashiers/slot technicians. For phillycub zeus,and I (and others).

[treyster]

And topless and bottomless waiters/cashiers/slot technicians. For phillycub zeus,and I (and others).

Why stop there? Open the worlds first nude and nudist casino!

Our motto: Cocks and slots for everyone!

[SoCalRob]

Why stop there? Open the worlds first nude and nudist casino!
I like where your head is at!!!!

[Free$pin]

I cringe to think of where people would attach their players card coil! [emoji33]
http://images.tapatalk-cdn.com/15/07/23/1a1dd721e8949550b099de0c3f520ca3.jpg

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[slotbender]

Free$pin Yeah! It would make a cute earring wouldn't it? (haha!)