Caesars Entertainment files for bankruptcy 2015

One of the biggest casinos of all the times, Caesars Palace, has recently filed for bankruptcy on the 01/22/2015 for their $23 billion debt. The great casino hotel owned by Caesars Entertainment has filed for Chapter 11 bankruptcy, although all Caesars properties will be still operating.  Caesars Entertainment Operating Company will continue with its operations in the US gambling state though. The online casino and poker rooms from the company will keep the operations the same way they were, affecting none of the registered users’ accounts and their balances. Caesarscasino.com operations have shown no delay or disconnection problem; the parent company’s decision will not affect the operations on the online casino, which are still available for all New Jersey’s residents.  However, the parent company sees this more of a business strategy: “business as usual”. Gary Loveman, the CEO of CEC and chairman of CEOC, said: “The properties across the entire Caesars Entertainment network are open and will operate without interruption throughout CEOC’s reorganization process. Our guests will continue to earn benefits through the Total Rewards loyalty program, and our team remains entirely focused on delivering the same outstanding service and unforgettable entertainment experiences guests have come to expect from Caesars Entertainment. Going forward, we will continue to develop and deliver new, innovative hospitality experiences to our guests. We believe this restructuring is in the best interests of all of CEOC’s stakeholders and will result in a sustainable capital structure for CEOC and value creation for all stakeholders. The restructuring of CEOC is the culmination of a years-long effort to improve the health of CEOC’s balance sheet, which has included substantial investment in new and upgraded assets, especially in Las Vegas. I am very confident in the future prospects of our enterprise, which will combine an improved capital structure with a network of profitable properties.”

Police Shoot Down Armed Robber at Home of the World Series of Poker

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The Rio All-Suite Casino made headlines this past weekend after police shot and killed an armed robbery suspect inside the casino.

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Online Casino in the Philippines

 

Online Casino in the Philippines, while on the one hand is a way of amusement, it is game of chance on the other. This small country is mushroomed with very large casinos, eGames parlors, Poker Sports Clubs, Instawin terminals and MSW sports betting outlets licensed by the PAGCOR, IE, Philippine Amusement and Gaming Corporation, a fully government owned and controlled agency that put each and every gambling activities under its full control, except Cagayan Special Economic Zone and Freeport on the northeastern tip of the country. This special area of the country is subject to its own rules and regulations, and it gives out separate licenses for gambling halls within its limits. Cagayan Freeport are allowed to offer their services to tourists only.

Online Casinos in the Philippines have constantly been advancing with a view to hold, ‘one of the glittering casinos place across the globe’ position for those who have test for casino culture. The Philippines casino markets, geographically more attractive to most high-rolling Asian gamer because only a few hours flight from China, Japan and South Korea is sufficient enough. Unlike Macau, China, the Philippines is free to offer all the incentives it can. That’s why casinos in the Philippines, these days, are getting serious attractions and interest among the gamblers and are doing brisk business.

Online casinos are nothing but online versions of traditional (“brick and mortar”) casinos also known as virtual casinos or Internet casinos. Online casinos provide a platform for gamblers to play and wager on casino games through the Internet.

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Online casinos have grown in popularity across the world, nowhere more so than the Philippines, where there are a very large number of online casinos situated within the country.The Philippines is number one in online casino in Asia, according to international gaming experts, for its state of the art technology-based casinos. As we can see, online casinos in the Philippines, regulated by Cagayan Freeport or the PAGCOR offers an interesting choice for online casinos, providing a broad range of venues. One can feel free to play with online casinos, without worrying about because rules and regulations are tight enough and all casinos are controlled and monitored by the licensees, which are always good things to help make playing more peaceful, enjoyable and fun. you can find a plethora of great online casinos in the Philippines to enjoy, without any anxieties if you can legally play them.

In terms of choice, for online casinos Cagayan is the place to go, all the big providers operate sites from the area and offer the same broad choice of games, offers and bonuses as they do in other locations across the world.

Any individual or company registered with the Department of Trade and Industry and the Securities and Exchange Commission may apply to become authorized e-Games outlet operator. The e-Games operator handles day-to-day operations and gets a monthly commission based on winnings. The Philippines is a great place to look for online casinos, with great bonuses and great games.

 

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