Corporate Bits | St. Regis announces festive dinners

The St. Regis Macao has announced a new festive menu at The Manor restaurant to celebrate Christmas and the New Year.
The Manor offered visitors special Christmas Eve and Christmas Day set dinners at around MOP 1,225 per person, last week. While the New Year’s Eve set offering is priced at MOP 1,231 and includes 9 courses.
Amongst the culinary selection available are hand-picked Russian crabs, tom kha Boston lobster soup, and roasted duck breast with tamarind and cauliflower.
The dinner is concluded with “The Manor New Year Dessert” and a selection of fine coffees, teas, and mignardises – tiny pastries and sweets traditionally served with after-dinner drinks.

caesars thwarts several lawsuits

Caesars Entertainment Operating Co. has managed to thwart a series of New York lawsuits that threaten to pull the parent company into bankruptcy, Bloomberg reports.
The operating unit managed to persuade a Chicago judge in an appeals court to halt the lawsuits; arguing that they constituted a threat to the survival of its parent company, and subsequently both entities’ ability to repay debts in the long run.
The operating company is fundamentally a bundle of debt-ridden assets assembled together by the company’s parent Caesars Entertainment to try to salvage other, less debt-burdened, parts of the group.
The parent company, Caesars Entertainment Corporation, found itself facing lawsuits from creditors who claimed that the company violated U.S. federal law when it abandoned a pledge to repay the USD 7 billion debt its subsidiary had accumulated.
According to the Bloomberg report, should Caesars Entertainment Corp. lose the lawsuits against it, the company may be forced to file for bankruptcy too.
Around a year ago, when the company moved to re-organize its debt-ridden assets, a professor at the University of Nevada told The Guardian that the group is “a Nevada version of ‘too big to fail’.”
Caesars Entertainment employs a total of 68,000 people worldwide across more than 50 casino-resorts.