Caesars Entertainment is not having a good week after being hit with numerous crises; any resemblance of Nero here to business CEO Gary Loveman is solely coincidental.
If the old adage that bad publicity is better than no promotion holds true, then Caesars Entertainment Corp. is doing just fantastically well. By virtually any measures, however: maybe not so much.
As if being forced for PR reasons to cut ties with its Las Vegas Strip new hotel and casino task partner Gansevoort and bailing from a $1 billion Boston-area casino project slotsforfun-ca.com with racetrack Suffolk Downs weren't sufficient, the casino giant is currently reportedly the main topic of federal inquiry into potential violations of the financial institution Secrecy Act at Caesars Palace, their flagship Las Vegas home. Then add a bizarre and random shooting outside of Drai's at Caesars-owned Bally's in Las vegas, nevada, a tragedy that left one patron dead who ended up being trying to tackle the gunman, also two security guards wounded. And lastly, a baby that is newborn body apparently found behind Planet Hollywood on the Strip in identical week might have made it seem like the Apocalypse had landed in Caesars' yard ahead of schedule.
Problem After Problem for Caesars
Of course, the company's industry-high $23.5 billion debtload that is long-term maybe not also news anymore; it's just become a huge yoke that Caesars now carries around wherever it goes