Category Archives: Slots

Caesars Faces Billions in Claims, Research Finds Evidence of Private Equity Asset-Stripping



A examiner that is court-appointed report, ironically published in the Ides of March, discovered evidence of asset-stripping in Caesars bankruptcy reorganization.

Caesars could face huge amounts of bucks in potential damages with regards to its bankruptcy restructuring, based on the guidelines of a examiners that are court-ordered report, published Tuesday.

The business is looking for chapter 11 bankruptcy for its main operating unit, CEOC, so that they can reorganize $18 billion of its debt, but is facing opposition from its junior creditors.

Ex-Watergate prosecutor Richard Davis led a team of lawyers which spent a year investigating the casino giant’s corporate dealings.

Their aim: to determine whether, as alleged, the business fraudulently transferred many of CEOC’s prime assets to Caesars Entertainment and other subsidiaries for the advantage of its controlling private equity backers, while placing them out of the reach for the junior creditors.

This form of asset-stripping left CEOC with absolutely nothing but distressed assets and an incapacity to pay for its debts, argues a team of creditors led by the Appaloosa Management hedge fund, which can be suing Caesars.

CEOC Possibly Insolvent as Early as 2008

The investigation team poured over 80 million pages of documents to produce its 80-page report. But fundamentally it all boiled right down to one word.

‘ The simple answer to t Continue reading

Real Time Betting Web Sites

Real Time Betting Web Sites

Within the range of sports game that is betting, wagers played under the choices such as for instance football, baseball, volleyball and playing tennis because of the forecasts become made in the results of these tournaments are known as wager. Both wagers like betting marketplace in chicken as well as hundreds of thousands all over the world, they normally use real time sites that are betting. In inclusion, unlike appropriate betting web sites, permits to wager on all games in a match that is single while their particular prices are quite satisfactory.

Needless to say, it ought to be stated that the rates that are high by unlawful betting sites aside from the appropriate betting sites that do tax are almost doubled, and that’s the reason why it is preferred. Particularly Dutch antilles, Curacao, or 30 TL bet that is free share their particular permits in different nations such as for instance The united kingdomt and Cyprus on their website in detail. Real time betting web sites are one of the channels preferred because of the bookmakers to help make profit that is sure.

Real time sites that are betting its solutions, trust and promotions include brands like Bets10, Youwin , Sportingbet, Betboo. By playing games like backgammon and bingo, you have the chance to make money on these foreign digital sites that are betting. You could have the chance to use these web sites through the quality that is highest and reliable betting sites.

Providing the rate that is highest of opportunities, these web sites also attract interest along with their high quality and reliable solutions. Continue reading