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July 22, 2015
Caesars faces bankruptcy after losing key ruling
Caesars, formed through the 2008 buyout of Harrah's Entertainment, has been shuffling casinos and resort properties within the company's corporate family as it struggled with unsustainable debt and mounting losses.
Unsustainable debt? Mounting losses? Are you starting to wonder if my headline was a wee bit sarcastic? While that may be true, I assure you that it isn't quite what you might think!
"There is now the potential that this bankruptcy can get very litigious, complex and long," said David Tawill, president of the Maglan Capital hedge fund.
Very litigious? Complex? Long? The lawyers have hit the jackpot! Bravo!
Realtor.com Reports Most Active "For Sale" Inventory since November 2019
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*What this means:* On a weekly basis, Realtor.com reports the
year-over-year change in active inventory and new listings. On a monthly
basis, they report t...
14 hours ago
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