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How much debt does MGM OR CET OWNED

Discussion in 'Misc. Vegas Chat' started by tommy JC Nguyen, Apr 18, 2017.

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  1. tommy JC Nguyen

    tommy JC Nguyen Low-Roller

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    i dwear about 2 years ago..i read an article somewhere about caesar palace and MGM Grand on the edge of bankrupt... and caesar was almost sold to other companies and on top of that comback with what they upsidedown and then caesar palace is a standalone casino and no longer owned Caesar entertainment corp.
     
  2. nostresshere

    nostresshere Mr. Anti Debit Card

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    Caesars has done all kinds of BK and shifting of corporations, assets, and the like. You might find some info in the CASINO INDUSTRY and DEVELOPMENT subforum here. Even then, it I think it would be difficult to get the whole picture.
     
  3. The Rumor

    The Rumor VIP Whale

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    Your best bet is to go look at their public financials to the extent they exist. Both of them are pretty complicated even by the standards of a large, US-traded public company.

    Remember that MGM split in half with the REIT spinoff, and that Caesars did something similar post bankruptcy.
     
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  4. remmerde

    remmerde VMB's Resident Cigar Sommelier

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  5. Lawhoo

    Lawhoo Tourist

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    The Caesars parent holding company and a number of the operating subsidiaries are still in the middle of their bankruptcy case. Here is the docket of all of the filings related to their restructuring in case you wanted to read anything in particular: https://cases.primeclerk.com/ceoc/
     
  6. h0und10

    h0und10 VIP Whale

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    Since they are a publicly owned company, their financials should be public I believe
     
  7. h0llywood

    h0llywood VIP Whale

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  8. h0llywood

    h0llywood VIP Whale

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    For my finance class back in college I did my report on MGM Resorts International and it was always interesting to delve into their 10k.
     
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