This week’s Inside Gaming reports on another huge hit to Caesars’ stock following a court ruling that could presage the parent company eventually having to file for bankruptcy, a deal for GLPI to acquire Pinnacle’s real estate being agreed upon, and the rising costs of lawsuits’ surrounding Wynn Resorts being awarded a license in Massachussetts.
Bankruptcy Judge Rules Creditors May Proceed with Lawsuits Against Caesars, Stock Drops Sharply
Another unfavorable ruling against Caesars Entertainment Corp. in its ongoing struggle to manage its industry-leading debt caused shares of CZR to plunge dramatically this week on the NASDAQ exchange.