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Caesars Struggles

Caesars Palace set the stage for decades worth of mega-casinos across the planet when it opened in the 1960′s. Since then, the venerable property has managed to roll with the changes and remain a force while dozens of its competitors have bit the dust.

Unfortunately, Caesars Entertainment is currently teetering on the brink of bankruptcy. The company is mired in debt to the tune of around $23 billion and re-organization under the protection of Chapter 11 bankruptcy seems to be its only out.

So how did an organization that boasts worldwide gambling properties and a solid brand get to this stage? The complexities of the Caesars story say a lot about the current state of corporate influence on the gambling industry.

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