When it was built in the 1960s, Caesars Palace was designed to be one of the most opulent hotels in Las Vegas. But after the financial crisis of 2008, the whole operation—which investors had assumed was impervious to swings in the economy—was in dire financial straits. By 2012, the possibility of bankruptcy was growing by the day.
Bad Blood
By the time the Caesars bankruptcy case erupted in 2015, the high-stakes drama that was unfolding in courtrooms had captured the attention of the international press. Hedge fund creditors were locked in furious battle with private equity firms for two years before the final showdown. Learn more about how it played out in our Instaread on The Caesars Palace Coup.
