CET misses payment

CET just missed a bond payment. They have 30 days before they are considered in default. Analysts think they will default

About time to once again raise the ripoff "resort fees"...

No surprise.

They have a "planned" bankruptcy for January.

It's been in the news. Also law suits from investors who will get shafted because of some creative accounting and transfers of properties, etc.

As tight as their machines are they should have no problem coming up with the money.

I saw that this morning. I'm pretty sure they never planned on making it and I think it does put them in default. They're in talks with the bond holders.

Think I read somewhere that they are going to split the company and have tried (not sure if they have been successful) in transferring the most lucrative assets to a private held company. They are going to screw the bondholders as well as anyone holding stock in the company. I believe the "private company" was many of the upper management of Caesar's.

I'll never understand why one gets upset at any company's business model. You have tens of thousands of places to stay across the country, and hundreds of places to stay in Vegas. Are you having trouble finding one that makes you happy?

The investors will take major financial losses, but the bankruptcy judge will not allow the "creative accounting and transfers of properties" to protect CET from anything.

Too Big To Fail

HAHA..I guess kinda, sorta...yea.