\nWayne Parry, Associated Press<\/p>\n
\tATLANTIC CITY, N.J. (AP) \u2013 All three Atlantic City casinos owned by Caesars Entertainment remain open, despite a Chapter 11 bankruptcy filing Thursday by a unit of the global gambling giant.<\/p>\n
\tCaesars Entertainment Operating Company, the subsidiary of Caesars Entertainment that filed for bankruptcy, owns two of the company\u2019s three Atlantic City casinos \u2013 Bally\u2019s and Caesars on the Boardwalk.<\/p>\n
\tHarrah\u2019s Resort Atlantic City is owned by a different portion of the company and is not included in the bankruptcy filing.<\/p>\n
\tThe company says all its properties are open for business as usual, and that it has sufficient cash to continue operating normally. Caesars\u2019 Total Rewards player loyalty program is unaffected, and all scheduled meetings and events are still on.<\/p>\n
\tA $125 million meeting center under construction at Harrah\u2019s also is not part of the bankruptcy filing and is unaffected by it. The facility is due to open later this year.<\/p>\n
\tThe debt-laden company said it filed a Chapter 11 bankruptcy restructuring plan for its operating company to improve its finances. Caesars remains the largest casino owner in Atlantic City, with three of the resort\u2019s eight properties.<\/p>\n
\tLast summer, it closed the still-profitable Showboat Casino Hotel in the name of reducing com<\/p>\n
No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"
Wayne Parry, Associated Press ATLANTIC CITY, N.J. (AP) \u2013 All three Atlantic City casinos owned by Caesars Entertainment remain open, despite a Chapter 11 bankruptcy filing Thursday by a unit of the global gambling giant. Caesars Entertainment Operating Company, the…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-8529","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=8529"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8529\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=8529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=8529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=8529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}