---In vpFREE@yahoogroups.com, <haaljo@...> wrote :
Posted by: harry.porter@verizon.net
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Poker News, Poker Updates, P0k3r, FREE Video Poker, Pay Video Poker, Online Poker, Poker *. Poker Everything! Poker Madd!!!
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I was pissed when CZR got booted out of the Boston casino proposals. Our "virgin" gaming commission is getting beaten-up by the big leaguers. They saw something that shocked them. Might be our puritan roots or CZR did something really bad. CZR left very quickly and quietly.
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The "debt restructuring" that has been underway since this spring is certainly being undertaken to avoid bankruptcy down the road. The business hasn't turned as quickly as necessary for CZR to make good on debt that matures in 2015.
For the time being, CZR is solvent, and CZR and its debt holders have good reason to keep things afloat.
The most recent news article, which involves taking on some legal help, has to to with a related measure taken a couple of months ago, in which some properties were transferred to another CZR entity in exchange for a cash buyout, funded by an additional infusion from its buyout partners.
This transfer of assets, which will no longer back CZR debt, has made some debtholders nervous and they fear they may have got a raw deal. They've brought suit against CZR, and CZR has hired outside counsel to defend itself.
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All of the transactions surrounding the CZR buyout are unusually complex and have led some to easy speculation that CZR is in trouble.
Personally, while things have not gone swimmingly since the buyout (particularly the economy), I'm still optimistic that CZR will come out whole and strong in the end.
Just saw a news article that Caesars has hired a law firm to help it "restructure" its debt--which usually means bankruptcy. Does anyone know if this eventuality will negate Total Rewards points? My guess is yes.
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They have been having a bit of an issue with the 2015 bond buyback. They did not get enough buyers and that might be the issue.
The Quad/Linc fiasco can't be helping the situation.
AC Cheapie
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Just saw a news article that Caesars has hired a law firm to help it "restructure" its debt--which usually means bankruptcy. Does anyone know if this eventuality will negate Total Rewards points? My guess is yes.
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vp_wiz writes: "But, far and wide, the general rule is that hitting a spate of royals won't impact your offers at all."
We must play at different casinos. I've found some casinos that tolerate a number of taxables/handpays before they take action, but still, the end result is action, and not in the good way. As a general rule most casinos reduce your promotions the first time you get a taxable or handpay (some casinos make quarter royals handpays and not because they want to help you celebrate your "win").
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That's a very common tale. Atlantis Reno has been very aggressive at no-mailing winning players who hit too many jackpots (particularly large ones). I got dealt quad queens playing 100 play Super Double Bonus for $6,000 and all mail stopped the next month. They even no-mail players who hit big slot jackpots in the high limit room. It's just the way they are.
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