Is Caesars cooking the books, playing a shell game?

[Alan Mendelson]

Is Caesars Entertainment cooking the books or playing a shell game, or transferring debt from one corporation to another the same way consumers transfer debt from one credit card to another?

You get the idea that something is not right when you read/hear about Caesars shifting assets to an "affiliate company" while at the same time that more capital/debt must be raised in order to reduce other debts.

Below is a good article about the latest developments:

http://www.casinocitytimes.com/artic...ffiliate-63135

When I first heard about these "sales of assets" to an affiliate company it made me think of bust-outs where the mob comes in to a business and sells off the assets at cheap prices to other mobsters and then puts the business into bankruptcy. The creditors of the business collect nothing while the inventory is sold off cheaply to confederates.

[carolinajacket]

I don't know what's going on at Caesar's, but it ain't good. I suspect there are a few folks cleaning up, while others are losing their butts. They are closing down my favorite, Harrah's Tunica, where I have a number of good friends who always made our trips there great fun. I will be heading over in a couple of weeks for our "good byes". It will be a sad time, but I guess that's life.