As we enter 2016,
Monthly Archives: December 2015
Ch-Ch-Ch-Changes
As we enter 2016,
Gambling Crackdowns
The Kefauver hearings stopped
Gambling Crackdowns
The Kefauver hearings stopped
Peering Into 2016
What might happen in
Peering Into 2016
What might happen in
AGEM Update
Association of Gaming Equipment
AGEM Update
Association of Gaming Equipment
Awesome Speed Tries One Mile at Gulfstream
Colts Neck Stables’ Awesome Speed, a back-to-back winner at Laurel Park, will stretch out to one mile for the $100,000 Mucho Macho Man Stakes Jan. 2 at Gulfstream Park.
Awesome Speed Tries One Mile at Gulfstream
Colts Neck Stables’ Awesome Speed, a back-to-back winner at Laurel Park, will stretch out to one mile for the $100,000 Mucho Macho Man Stakes Jan. 2 at Gulfstream Park.
Ballet Diva Steps Up in Old Hat
Jacks or Better Farm’s homebred Ballet Diva (by Hear No Evil) goes for career win number five in her graded debut Jan. 2, the $100,000 Old Hat Stakes (gr. III) at Gulfstream Park.
Ballet Diva Steps Up in Old Hat
Jacks or Better Farm’s homebred Ballet Diva (by Hear No Evil) goes for career win number five in her graded debut Jan. 2, the $100,000 Old Hat Stakes (gr. III) at Gulfstream Park.
Isotherm to Return to Turf in Dania Beach
Isotherm, winner of the 2015 Pilgrim Stakes (gr. III) on the Belmont Park turf, will make his 2016 season debut in the $100,000 Dania Beach Stakes (gr. IIIT) Jan. 2 at Gulfstream Park.
Isotherm to Return to Turf in Dania Beach
Isotherm, winner of the 2015 Pilgrim Stakes (gr. III) on the Belmont Park turf, will make his 2016 season debut in the $100,000 Dania Beach Stakes (gr. IIIT) Jan. 2 at Gulfstream Park.
Caesars gets late Xmas gift as judge rejects creditors’ early ruling request
Casino operator Caesars Entertainment got a belated Christmas present via a procedural victory in its ongoing court fight with some of its junior creditors.
On Tuesday, New York US District Judge Shira Scheindlin (pictured) ruled against junior creditors’ request for a quick ruling on their lawsuit alleging that Caesars improperly reneged on its debt guarantees. In a 31-page opinion, Scheindlin said there were material disputes surrounding the parties’ claims that would only be resolved by a trial.
In May 2014, Caesars announced that it had sold 5% of its main unit, Caesars Entertainment Operating Co (CEOC), to undisclosed institutional investors. Caesars maintained that the fine print on the bondholder agreements stipulated that if Caesars didn’t hold 100% of the equity in CEOC, the parent company was no longer obligated to honor guarantees worth billions of dollars to junior creditors.
Scheindlin’s ruling affects $750m of that debt held by MeehanCombs Global Credit Opportunities Funds and Frederick Barton Danner. In August, Scheindlin made a similar ruling on requests for a quick ruling on lawsuits brought by other junior creditors who were also screwed by Caesars’ sleight of hand. Still more suits are awaiting their own rulings.
Caesars gets late Xmas gift as judge rejects creditors’ early ruling request
Casino operator Caesars Entertainment got a belated Christmas present via a procedural victory in its ongoing court fight with some of its junior creditors.
On Tuesday, New York US District Judge Shira Scheindlin (pictured) ruled against junior creditors’ request for a quick ruling on their lawsuit alleging that Caesars improperly reneged on its debt guarantees. In a 31-page opinion, Scheindlin said there were material disputes surrounding the parties’ claims that would only be resolved by a trial.
In May 2014, Caesars announced that it had sold 5% of its main unit, Caesars Entertainment Operating Co (CEOC), to undisclosed institutional investors. Caesars maintained that the fine print on the bondholder agreements stipulated that if Caesars didn’t hold 100% of the equity in CEOC, the parent company was no longer obligated to honor guarantees worth billions of dollars to junior creditors.
Scheindlin’s ruling affects $750m of that debt held by MeehanCombs Global Credit Opportunities Funds and Frederick Barton Danner. In August, Scheindlin made a similar ruling on requests for a quick ruling on lawsuits brought by other junior creditors who were also screwed by Caesars’ sleight of hand. Still more suits are awaiting their own rulings.
Bridlewood Farm Announces Stud Fees for 2016
Bridlewood Farm near Ocala, Fla., has set fees for its 2016 stallion roster, which is led by successful freshman sire Big Drama who will see his stud fee increased from $10,000 in 2015 to $15,000 (stands and nurses) in 2016.
Bridlewood Farm Announces Stud Fees for 2016
Bridlewood Farm near Ocala, Fla., has set fees for its 2016 stallion roster, which is led by successful freshman sire Big Drama who will see his stud fee increased from $10,000 in 2015 to $15,000 (stands and nurses) in 2016.
Page McKenney, Miss Mischief in Laurel Stakes
Hard-knocking campaigner Page McKenney hopes to keep alive his streak of finishing in the top three in 21 consecutive races, mostly stakes, when he tops the field for the Native Dancer Stakes at Laurel Park Jan. 2.
Page McKenney, Miss Mischief in Laurel Stakes
Hard-knocking campaigner Page McKenney hopes to keep alive his streak of finishing in the top three in 21 consecutive races, mostly stakes, when he tops the field for the Native Dancer Stakes at Laurel Park Jan. 2.