After defeating Arsenal 5-1 in the Champions League group stage game, the Bayern Munich home record in the last five games look like this. It is one thing to rule the Bundesliga, but to send back home virtually everyone with five goals is brutally impressive.

More cynical experts of online betting and gambling facts might say that Pep Guardiola’s Bayern have yet to meet a serious opponent, but this Arsenal is at the sunny end of the Premier League table currently with same points as leaders Man City.

VfB Stuttgart comes next on the weekend – good luck, guys!

After defeating Arsenal 5-1 in the Champions League group stage game, the Bayern Munich home record in the last five games look like this. It is one thing to rule the Bundesliga, but to send back home virtually everyone with five goals is brutally impressive.

More cynical experts of online betting and gambling facts might say that Pep Guardiola’s Bayern have yet to meet a serious opponent, but this Arsenal is at the sunny end of the Premier League table currently with same points as leaders Man City.

VfB Stuttgart comes next on the weekend – good luck, guys!

Liverpool signed and unveiled their new manager Klopp the Normal One within a week after Brendan Rodgers was fired after the Merseyside derby.

Jurgen Klopp was the favourite to land the Liverpool job after the announcement about Rodgers’ departure was issued. According to online gambling news, Klopp was linked with the club ever since he left Borussia Dortmund this spring after a seven-year long spell. Now he was handed a job that he defined as one of the most exciting and at the same time the hardest in the world of football.

Klopp the Normal One – this might be his nickname after he jokingly referred to Jose Mourinho’s legendary arrival to English football in 2004. By the Normal One, he means that he is just another German guy who lives, eats and breathes football. But Klopp the Normal One was arguably the most sought-after coach in the football world until the Reds have secured his services.

Therefore this move is also big for the Premier League, not only for Liverpool. Actually he was linked with every one of the top clubs in the Premiership in recent years, and he also mentioned several times that his dream is to manage an English club. New he got his opportunity, and Klopp the Normal One aims to bring the Premier League title to Anfield in four years.

Source: Jurgen Klopp is a modernising force in the mould of Arsene Wenger

Some experts of football and gambling facts say that Klopp is the most exciting manager addition to the Premier League in twenty years. He will bring his approach, his pool of ideas about football, and his footballing philosophy, though many Liverpool fans are suspicious about the latter, after Brendan Rodgers’ failure to meet his own terms in the end.

But Klopp the Normal one is a football intellectual with an innovative approach, who plays good and attractive football with his teams. And he has a squad that, with a little bit of transfer tinkering, could be a perfect one to embrace his ideas. He could be a transforming force at Liverpool, and this could be huge in the history of the club. All he need is love and time to build a side that could enchant the people of Liverpool.

We heard the news today, oh boy! All the best at The Kop, Jürgen Klopp! All the best at @LFC! #klopplfc pic.twitter.com/2vAvY4Hc4F

— Borussia Dortmund (@BVB) October 8, 2015

Liverpool are currently tenth in the Premier League table after eight rounds. The Reds were handed online betting odds of 3.30 (23/10) to finish in top four in the Premier League by Bet365 Sportsbook. The top online betting site priced their top-six finish at 1.53 (8/15), which, after having signed Klopp, looks like a good deal for a Premier League safe bet, if you are willing to place a bigger wager.

A Liverpool League title would be the biggest surprise in sports scores news this season, and it is no surprise that Klopp the Normal One aims to deliver the Premier League trophy in four years. Liverpool is 41.00 (40/1) to win the league according to Bet365.

Liverpool signed and unveiled their new manager Klopp the Normal One within a week after Brendan Rodgers was fired after the Merseyside derby.

Jurgen Klopp was the favourite to land the Liverpool job after the announcement about Rodgers’ departure was issued. According to online gambling news, Klopp was linked with the club ever since he left Borussia Dortmund this spring after a seven-year long spell. Now he was handed a job that he defined as one of the most exciting and at the same time the hardest in the world of football.

Klopp the Normal One – this might be his nickname after he jokingly referred to Jose Mourinho’s legendary arrival to English football in 2004. By the Normal One, he means that he is just another German guy who lives, eats and breathes football. But Klopp the Normal One was arguably the most sought-after coach in the football world until the Reds have secured his services.

Therefore this move is also big for the Premier League, not only for Liverpool. Actually he was linked with every one of the top clubs in the Premiership in recent years, and he also mentioned several times that his dream is to manage an English club. New he got his opportunity, and Klopp the Normal One aims to bring the Premier League title to Anfield in four years.

Source: Jurgen Klopp is a modernising force in the mould of Arsene Wenger

Some experts of football and gambling facts say that Klopp is the most exciting manager addition to the Premier League in twenty years. He will bring his approach, his pool of ideas about football, and his footballing philosophy, though many Liverpool fans are suspicious about the latter, after Brendan Rodgers’ failure to meet his own terms in the end.

But Klopp the Normal one is a football intellectual with an innovative approach, who plays good and attractive football with his teams. And he has a squad that, with a little bit of transfer tinkering, could be a perfect one to embrace his ideas. He could be a transforming force at Liverpool, and this could be huge in the history of the club. All he need is love and time to build a side that could enchant the people of Liverpool.

We heard the news today, oh boy! All the best at The Kop, Jürgen Klopp! All the best at @LFC! #klopplfc pic.twitter.com/2vAvY4Hc4F

— Borussia Dortmund (@BVB) October 8, 2015

Liverpool are currently tenth in the Premier League table after eight rounds. The Reds were handed online betting odds of 3.30 (23/10) to finish in top four in the Premier League by Bet365 Sportsbook. The top online betting site priced their top-six finish at 1.53 (8/15), which, after having signed Klopp, looks like a good deal for a Premier League safe bet, if you are willing to place a bigger wager.

A Liverpool League title would be the biggest surprise in sports scores news this season, and it is no surprise that Klopp the Normal One aims to deliver the Premier League trophy in four years. Liverpool is 41.00 (40/1) to win the league according to Bet365.

By signing a USD 2.1 billion facility, the Ladbrokes Coral merger and liquidity in the first years of the new company was just ensured.

Ladbrokes signed a GBP 1.35/EUR 1.8 billion facility to fund the merger with rival land-based and online betting, bingo and casino operator Gala Coral Group, latest gambling news report. This facility will ensure the liquidity of the future company in its first years. The facility will be provided by the company’s partner banks for the Ladbrokes Coral merger.

Chief financial officer Ian bull said, “I am pleased that our relationship banks have shown strong support in putting in place a significant size facility at similar pricing to our current facilities.” He added, “We believe that this facility will provide sufficient liquidity to an enlarged Ladbrokes Coral group following the merger.”

British-based betting and gaming company Ladbrokes officially announced this summer that merger talks with rival Gala Coral group have started. Online casino news reported in July 2015 that an agreement on the deal was reached.

Reuters: Ladbrokes signs $2.1 billion facility to fund Coral deal

 
The facility has three tranches with the first, a GBP 600 million facility, becoming available in October 2016, after the Ladbrokes Coral merger happened. The transformed company is expected to take shape late 2015 or early 2016.

The name of the new company will be Ladbrokes Coral. Ladbrokes chief executive Jim Mullen will be the new company’s CEO. Experts of gambling facts might know that Gala Coral group has a considerable debt. However this debt won’t be transferred to the new company after the Ladbrokes Coral merger.

Ladbrokes also ensured another deal recently. The online gambling firm became one of the official partners of the Australian National Basketball League (NBL). In the 2015-16 season, Labdrokes will be the official online sports betting partner of the NBL.

Ladbrokes was founded in 1886 and today is the largest betting company in the UK. It is also considered as the no. 1 retail bookmaker in the world with more than 2,400 retail betting shops only in the UK and Ireland. Ladbrokes operates several online sportsbooks in the UK, as well as online casinos, online poker rooms and online bingo sites.

By signing a USD 2.1 billion facility, the Ladbrokes Coral merger and liquidity in the first years of the new company was just ensured.

Ladbrokes signed a GBP 1.35/EUR 1.8 billion facility to fund the merger with rival land-based and online betting, bingo and casino operator Gala Coral Group, latest gambling news report. This facility will ensure the liquidity of the future company in its first years. The facility will be provided by the company’s partner banks for the Ladbrokes Coral merger.

Chief financial officer Ian bull said, “I am pleased that our relationship banks have shown strong support in putting in place a significant size facility at similar pricing to our current facilities.” He added, “We believe that this facility will provide sufficient liquidity to an enlarged Ladbrokes Coral group following the merger.”

British-based betting and gaming company Ladbrokes officially announced this summer that merger talks with rival Gala Coral group have started. Online casino news reported in July 2015 that an agreement on the deal was reached.

Reuters: Ladbrokes signs $2.1 billion facility to fund Coral deal

 
The facility has three tranches with the first, a GBP 600 million facility, becoming available in October 2016, after the Ladbrokes Coral merger happened. The transformed company is expected to take shape late 2015 or early 2016.

The name of the new company will be Ladbrokes Coral. Ladbrokes chief executive Jim Mullen will be the new company’s CEO. Experts of gambling facts might know that Gala Coral group has a considerable debt. However this debt won’t be transferred to the new company after the Ladbrokes Coral merger.

Ladbrokes also ensured another deal recently. The online gambling firm became one of the official partners of the Australian National Basketball League (NBL). In the 2015-16 season, Labdrokes will be the official online sports betting partner of the NBL.

Ladbrokes was founded in 1886 and today is the largest betting company in the UK. It is also considered as the no. 1 retail bookmaker in the world with more than 2,400 retail betting shops only in the UK and Ireland. Ladbrokes operates several online sportsbooks in the UK, as well as online casinos, online poker rooms and online bingo sites.

According to the Klopp Liverpool odds, it seems that the former Borussia Dortmund coach will be the Reds’ next manager.

Before the start of the 2015-16 season, Brendan Rodgers was the favourite to lose his job first amongst Premier League club managers according to experts of gambling facts. He came up second, since Dick Advocaat (ex-Sunderland) had crossed the line a few hours earlier on Sunday. However, it wasn’t a surprise at all that the Liverpool board relieved the Northern Irishman from his duties.

Apart from the exciting 3–2 against 18th placed Aston Villa and that 45 minutes at Arsenal, Liverpool were uninspiring and unimaginative in the whole season. With this team at his disposal, Rodgers should have done better. However, Liverpool’s luck is that other teams also have been struggling so far, thus fourth place is only three points away from the Anfield Road outfit. But it will be the new manager’s job to reach that.

EmpireoftheKop.com: Bosnian newspaper claims Jurgen Klopp & Zeljko Buvac have agreed to take charge of Liverpool

 
According to the report that emerged on Sunday at a Bosnian site that since became unavailable, Fenway Sports Group, the company that owns Liverpool FC pretty much agreed Jurgen Klopp, BVB’s former coach and his assistant at Signal Iduna Park, Zeljko Buvac on a three-year contract to take over the club.

Since Klopp’s assistant is from Bosnia-Herzegovina, sports scores news all over the world gave credit to the rumour. And it was also forcefully backed by the official announcement about Rodgers being sacked by Liverpool soon after. With all this happening, it was understandable that the Klopp Liverpool odds suggested that the German will be the Reds’ next manager.

This was also rumoured in the spring. However, Rodgers somehow managed to keep his position then. However, now Klopp might be FSG’s number one target easily. They did not hide their intentions about approaching Brendan Rodgers in 2012, and now everyone considers Klopp as their first target, ahead of Carlo Ancelotti and Frank de Boer.

The Guardian: Jürgen Klopp in frame for Liverpool job after Brendan Rodgers is sacked

 
The decision to get rid of Brendan Rodgers after eight league matches into the season was criticised by many, most notably by former Liverpool player Jamie Carragher. However, the former England defender also agreed that the previous BVB coach could be the right person for the job, further boosting the Klopp Liverpool odds.

 

Jurgen Klopp spotted in Liverpool. It’s happening. pic.twitter.com/o928syxagS

— #KloppIn (@RodgersOutClub) October 4, 2015

According to gambling news, the odds are continuously being shortened at online betting operators, but you can still wager on Klopp becoming the next Liverpool manager with odds of 1.20 (1/5) at BetVictor Sportsbook. They offer top underdog Carlo Ancelotti at 3.75 (11/4), while Frank de Boer’s appointment is priced at 13.00 (12/1).

According to the statement that was issued on Liverpoolfc.com on Sunday evening, the search for the new manager is underway. This suggests that maybe an agreement could be reached soon. It would be wise to place your wagers as soon as possible, since many operators might suspend betting on these market soon, as the Klopp Liverpool odds keep on shortening…

According to the Klopp Liverpool odds, it seems that the former Borussia Dortmund coach will be the Reds’ next manager.

Before the start of the 2015-16 season, Brendan Rodgers was the favourite to lose his job first amongst Premier League club managers according to experts of gambling facts. He came up second, since Dick Advocaat (ex-Sunderland) had crossed the line a few hours earlier on Sunday. However, it wasn’t a surprise at all that the Liverpool board relieved the Northern Irishman from his duties.

Apart from the exciting 3–2 against 18th placed Aston Villa and that 45 minutes at Arsenal, Liverpool were uninspiring and unimaginative in the whole season. With this team at his disposal, Rodgers should have done better. However, Liverpool’s luck is that other teams also have been struggling so far, thus fourth place is only three points away from the Anfield Road outfit. But it will be the new manager’s job to reach that.

EmpireoftheKop.com: Bosnian newspaper claims Jurgen Klopp & Zeljko Buvac have agreed to take charge of Liverpool

 
According to the report that emerged on Sunday at a Bosnian site that since became unavailable, Fenway Sports Group, the company that owns Liverpool FC pretty much agreed Jurgen Klopp, BVB’s former coach and his assistant at Signal Iduna Park, Zeljko Buvac on a three-year contract to take over the club.

Since Klopp’s assistant is from Bosnia-Herzegovina, sports scores news all over the world gave credit to the rumour. And it was also forcefully backed by the official announcement about Rodgers being sacked by Liverpool soon after. With all this happening, it was understandable that the Klopp Liverpool odds suggested that the German will be the Reds’ next manager.

This was also rumoured in the spring. However, Rodgers somehow managed to keep his position then. However, now Klopp might be FSG’s number one target easily. They did not hide their intentions about approaching Brendan Rodgers in 2012, and now everyone considers Klopp as their first target, ahead of Carlo Ancelotti and Frank de Boer.

The Guardian: Jürgen Klopp in frame for Liverpool job after Brendan Rodgers is sacked

 
The decision to get rid of Brendan Rodgers after eight league matches into the season was criticised by many, most notably by former Liverpool player Jamie Carragher. However, the former England defender also agreed that the previous BVB coach could be the right person for the job, further boosting the Klopp Liverpool odds.

 

Jurgen Klopp spotted in Liverpool. It’s happening. pic.twitter.com/o928syxagS

— #KloppIn (@RodgersOutClub) October 4, 2015

According to gambling news, the odds are continuously being shortened at online betting operators, but you can still wager on Klopp becoming the next Liverpool manager with odds of 1.20 (1/5) at BetVictor Sportsbook. They offer top underdog Carlo Ancelotti at 3.75 (11/4), while Frank de Boer’s appointment is priced at 13.00 (12/1).

According to the statement that was issued on Liverpoolfc.com on Sunday evening, the search for the new manager is underway. This suggests that maybe an agreement could be reached soon. It would be wise to place your wagers as soon as possible, since many operators might suspend betting on these market soon, as the Klopp Liverpool odds keep on shortening…

After the last seven days of European football it is right to ask the question: Is Manchester United the best team in England? According to the numbers, it currently is.

At the time when the Anthony Martial transfer to Man United was announced, there was a feeling that this could be big. Now it seems that the transfer deadline day move just provided the last piece in the attacking puzzle of Louis van Gaal. Manchester United are in excellent form since Martial made his debut for the Red Devils against Liverpool.

Meanwhile, the other members of English football’s top four or top five, as you like it, are struggling. In the land of the Blighty, and on the continent as well. After analyzing the numbers, any expert of online betting and gambling facts might ask himself that “Is Manchester United the best team in England? Really?”

The fact that Van Gaal’s men are topping the Premier League table at the moment, suggest in itself that Manchester United are the best team in England at the moment. Moreover, their 1 win, 1 loss statistics in the Champions League group stage means that amongst the European horror of English clubs, they are the best side representing their country on the continent as well.

Soccerlens.com: Has the Premier League lost it’s European edge?

  
This is a tough time for English top clubs. Title holders Chelsea are only fourteenth in the Premier League table, while Arsenal are fourth – just behind West Ham United. Manchester City have lost their last two league games, so they were overtaken by United on the top of the table.

In Europe, the picture is even worse, according to sports scores. The four teams were good for three victories in their first eight games in the Champions League group stage. Arsenal are rock bottom in Group F with two defeats – they were beaten by European giants Dinamo Zagreb and Olympiakos, while Man City and Chelsea are third in their respective groups.

Meanwhile the Red Devils jumped to place 2 in Group B thanks to their 2-1 home victory vs VfL Wolfsburg. Their 3 points and zero goal differential is the same tally that Man City produced, and in fact, worse than what Chelsea achieved so far. Still, Man United are the only English side occupying an advancing position in the most important club competition in world football.

This poor performance might hurt English football a lot. Underachieving in Europe was a tendency for them in the last few years, and this might be resulting in UEFA taking their fourth Champions League spot to give it to Serie A. Yes, Serie A, the Italian championship that is as bad as ever…

And all this came after a summer that had no World Cup and no European Championship to waste their players completely. South American influence isn’t that high at top English clubs that it can blew their season start. Or is it?

Van Gaal just ditched one of the best players from South America when he sold Angel di Maria to Paris Saint-Germain, and also got off Javier Hernandez, minimizing the Latin-American influence on his side. That might be a contributor to their okay season start, which was enough for a positive answer for the question “Is Manchester United the best team in England?”

However, the picture might change quickly, since United will visit the Emirates in the Premier League on Sunday. Online mobile news report that BetVictor Sportsbook offers the best online betting odds for their success against Arsenal with 3.80 (14/5). The hosts are 2.05 (21/20) favourites with draw being available at a tempting 3.60 (13/5).

Looking at the teams’ current forms, Man Utd/Draw for 1.75 (3/4) with Double Chance looks like a good deal. It would be interesting to consider a goal from Anthony Martial for 3.12 (85/40) too, as Arsene Wenger just missed out on his fellow Frenchman’s signature, as his previous club, AS Monaco refused to sell his top asset to the Gunners.

After the last seven days of European football it is right to ask the question: Is Manchester United the best team in England? According to the numbers, it currently is.

At the time when the Anthony Martial transfer to Man United was announced, there was a feeling that this could be big. Now it seems that the transfer deadline day move just provided the last piece in the attacking puzzle of Louis van Gaal. Manchester United are in excellent form since Martial made his debut for the Red Devils against Liverpool.

Meanwhile, the other members of English football’s top four or top five, as you like it, are struggling. In the land of the Blighty, and on the continent as well. After analyzing the numbers, any expert of online betting and gambling facts might ask himself that “Is Manchester United the best team in England? Really?”

The fact that Van Gaal’s men are topping the Premier League table at the moment, suggest in itself that Manchester United are the best team in England at the moment. Moreover, their 1 win, 1 loss statistics in the Champions League group stage means that amongst the European horror of English clubs, they are the best side representing their country on the continent as well.

Soccerlens.com: Has the Premier League lost it’s European edge?

  
This is a tough time for English top clubs. Title holders Chelsea are only fourteenth in the Premier League table, while Arsenal are fourth – just behind West Ham United. Manchester City have lost their last two league games, so they were overtaken by United on the top of the table.

In Europe, the picture is even worse, according to sports scores. The four teams were good for three victories in their first eight games in the Champions League group stage. Arsenal are rock bottom in Group F with two defeats – they were beaten by European giants Dinamo Zagreb and Olympiakos, while Man City and Chelsea are third in their respective groups.

Meanwhile the Red Devils jumped to place 2 in Group B thanks to their 2-1 home victory vs VfL Wolfsburg. Their 3 points and zero goal differential is the same tally that Man City produced, and in fact, worse than what Chelsea achieved so far. Still, Man United are the only English side occupying an advancing position in the most important club competition in world football.

This poor performance might hurt English football a lot. Underachieving in Europe was a tendency for them in the last few years, and this might be resulting in UEFA taking their fourth Champions League spot to give it to Serie A. Yes, Serie A, the Italian championship that is as bad as ever…

And all this came after a summer that had no World Cup and no European Championship to waste their players completely. South American influence isn’t that high at top English clubs that it can blew their season start. Or is it?

Van Gaal just ditched one of the best players from South America when he sold Angel di Maria to Paris Saint-Germain, and also got off Javier Hernandez, minimizing the Latin-American influence on his side. That might be a contributor to their okay season start, which was enough for a positive answer for the question “Is Manchester United the best team in England?”

However, the picture might change quickly, since United will visit the Emirates in the Premier League on Sunday. Online mobile news report that BetVictor Sportsbook offers the best online betting odds for their success against Arsenal with 3.80 (14/5). The hosts are 2.05 (21/20) favourites with draw being available at a tempting 3.60 (13/5).

Looking at the teams’ current forms, Man Utd/Draw for 1.75 (3/4) with Double Chance looks like a good deal. It would be interesting to consider a goal from Anthony Martial for 3.12 (85/40) too, as Arsene Wenger just missed out on his fellow Frenchman’s signature, as his previous club, AS Monaco refused to sell his top asset to the Gunners.

The operating unit of the bankrupt Caesars Entertainment needs more time to prepare a plan for restructuring the company. Therefore they submitted a plea to extend the period while they possess exclusive bankruptcy control until November, however the company’s creditors intend to prevent that. The noteholders, including the operating unit’s only allies, don’t want to let Caesars’ parent company to acquire protection from any lawsuit over their suspicious property transfers.

Bloomberg BNA:Caesars Creditors Try to Disqualify Kirkland

Kirkland & Ellis had to prepare for a fight in bankruptcy court against a committee that speaks for the junior secured noteholders in restructuring client Caesars Entertainment Operating Co, gambling law news reported recently. The committee tried to eliminate Kirkland, asking a judge to cast the firm off since they represented the Caesars Entertainment’s majority owners, Apollo Global Management LLC and TPG Capital, on unrelated matters.

According to the committee, Kirkland also collected nearly $10 million in fees improperly just before the company’s bankruptcy on the 15th of January. The junior noteholders wanted the bankruptcy to happen in Wilmington, Delaware, while Bankruptcy Judge A. Benjamin Goldgar is in Chicago, where the law firm originates from.

Bankruptcy is not a cheap process at all, and the quarrel over Kirkland’s participation increases the expenses heavily. According to the firm, the first six weeks after Caesars Entertainment filed for Bankruptcy cost them roughly $10 million. With this dispute over Kirkland’s participation, the bill will continue to run up without bringing the matter closer to solution.

Caesars Entertainment was in a restructuring process since years. After the debts and yearly interest fees were reduced significantly, it seemed that a complete reorganization is in reach. However, protesting creditors invented in January, filing for bankruptcy in Delaware.

Casinoscamreport.com: Caesars Wants More Time for Bankruptcy Plan

Caesars Entertainment trying to secure more time for planning, asked the Chicago bankruptcy court for a six month extension to reshape their structure strategy. On the actual conditions, Caesar’s operating division has to submit their recovery plan to the operational department until the 15th of May.

Lawyers representing the gambling giant stated that it is simply impossible to meet that deadline, according to online mobile news. They have 173 separate entities and many legal problems, they are currently fighting with their creditors too, and there is an ongoing investigation for their earlier deals.

The Caesars’s casino department has a debt of $18 million itself, but with the extension granted, the company could abolish the most of it. The possible new deadline would be the 15th of November if the bankruptcy court approves the company’s plea, and the creditors would have time to reply and articulate any disagreements until January.

If the extension is not granted by Judge A. Benjamin Goldgar, Caesar will present their suggestion to the court on the 29th of April and a verdict expected to be made quickly after. Caesars Entertainment’s shares have dropped by 17% after the extension plea was announced. The legal procedure is far from over, but it seems that Caesar prepared for a long war.

Reuters.com: Creditors, Caesars spar over control of casino bankruptcy

Creditors of Caesars Entertainment stated that they intend to block the attempt of the bankrupt company’s operating unit to extend the period during it has total control of the Chapter 11 restructure. They filed oppositions on Wednesday against the operating unit’s plea to push the deadline back with six months to November 15 instead of May 15.

During that time the operating unit has exclusive rights to suggest a strategy to diminish its $18 million debt. The creditors’ goal is to reach a point where other plans can also be submitted. Caesar’s operating unit filed for bankruptcy in January and that it is a rarity that creditors oppose the extension of exclusive control in such an early phase of a case.

Online gambling news reported that the company’s only supporters within the group of noteholders also objected the extension plea. The largest casino operator in the U.S. is in a desperate fight against its creditors, who accused the parent company of separating the operating unit of major properties like Linq Hotel & Casino in Las Vegas.

The parent company, which is not bankrupt, is controlled by private equity firms Apollo Global Management LLC and TPG Capital Management. The operating unit plans to divide into a casino operator and a real estate investment trust by restructuring. This move would increase the value of the latter, and creditors would benefit from that. However, online betting news learned that by such a move Apollo and TPG would be protected from lawsuits over the property transfers, and the creditors want to prevent that.

The operating unit of the bankrupt Caesars Entertainment needs more time to prepare a plan for restructuring the company. Therefore they submitted a plea to extend the period while they possess exclusive bankruptcy control until November, however the company’s creditors intend to prevent that. The noteholders, including the operating unit’s only allies, don’t want to let Caesars’ parent company to acquire protection from any lawsuit over their suspicious property transfers.

Bloomberg BNA:Caesars Creditors Try to Disqualify Kirkland

Kirkland & Ellis had to prepare for a fight in bankruptcy court against a committee that speaks for the junior secured noteholders in restructuring client Caesars Entertainment Operating Co, gambling law news reported recently. The committee tried to eliminate Kirkland, asking a judge to cast the firm off since they represented the Caesars Entertainment’s majority owners, Apollo Global Management LLC and TPG Capital, on unrelated matters.

According to the committee, Kirkland also collected nearly $10 million in fees improperly just before the company’s bankruptcy on the 15th of January. The junior noteholders wanted the bankruptcy to happen in Wilmington, Delaware, while Bankruptcy Judge A. Benjamin Goldgar is in Chicago, where the law firm originates from.

Bankruptcy is not a cheap process at all, and the quarrel over Kirkland’s participation increases the expenses heavily. According to the firm, the first six weeks after Caesars Entertainment filed for Bankruptcy cost them roughly $10 million. With this dispute over Kirkland’s participation, the bill will continue to run up without bringing the matter closer to solution.

Caesars Entertainment was in a restructuring process since years. After the debts and yearly interest fees were reduced significantly, it seemed that a complete reorganization is in reach. However, protesting creditors invented in January, filing for bankruptcy in Delaware.

Casinoscamreport.com: Caesars Wants More Time for Bankruptcy Plan

Caesars Entertainment trying to secure more time for planning, asked the Chicago bankruptcy court for a six month extension to reshape their structure strategy. On the actual conditions, Caesar’s operating division has to submit their recovery plan to the operational department until the 15th of May.

Lawyers representing the gambling giant stated that it is simply impossible to meet that deadline, according to online mobile news. They have 173 separate entities and many legal problems, they are currently fighting with their creditors too, and there is an ongoing investigation for their earlier deals.

The Caesars’s casino department has a debt of $18 million itself, but with the extension granted, the company could abolish the most of it. The possible new deadline would be the 15th of November if the bankruptcy court approves the company’s plea, and the creditors would have time to reply and articulate any disagreements until January.

If the extension is not granted by Judge A. Benjamin Goldgar, Caesar will present their suggestion to the court on the 29th of April and a verdict expected to be made quickly after. Caesars Entertainment’s shares have dropped by 17% after the extension plea was announced. The legal procedure is far from over, but it seems that Caesar prepared for a long war.

Reuters.com: Creditors, Caesars spar over control of casino bankruptcy

Creditors of Caesars Entertainment stated that they intend to block the attempt of the bankrupt company’s operating unit to extend the period during it has total control of the Chapter 11 restructure. They filed oppositions on Wednesday against the operating unit’s plea to push the deadline back with six months to November 15 instead of May 15.

During that time the operating unit has exclusive rights to suggest a strategy to diminish its $18 million debt. The creditors’ goal is to reach a point where other plans can also be submitted. Caesar’s operating unit filed for bankruptcy in January and that it is a rarity that creditors oppose the extension of exclusive control in such an early phase of a case.

Online gambling news reported that the company’s only supporters within the group of noteholders also objected the extension plea. The largest casino operator in the U.S. is in a desperate fight against its creditors, who accused the parent company of separating the operating unit of major properties like Linq Hotel & Casino in Las Vegas.

The parent company, which is not bankrupt, is controlled by private equity firms Apollo Global Management LLC and TPG Capital Management. The operating unit plans to divide into a casino operator and a real estate investment trust by restructuring. This move would increase the value of the latter, and creditors would benefit from that. However, online betting news learned that by such a move Apollo and TPG would be protected from lawsuits over the property transfers, and the creditors want to prevent that.

Talks of a new way of going about dealing with offshore online gambling operators are now circulating. Under the proposed changes, foreign operators would be required to obtain licenses from the UK Gambling Commission, and to comply with British gambling laws. The issue of taxing foreign operators has not been mentioned.

The Times: Overseas online gambling groups will need license

Foreign internet gambling companies that target British gamblers will soon require a license according to a proposal released yesterday by the Department for Culture, Media and Sport (DCMS).

Sports Minister Gerry Sutcliffe admitted only a few of the biggest overseas gambling operators that target British players are forced to comply with the Gambling Commission’s regulations. The proposed system would require online gambling operators licensed outside Britain to apply for a license from the Gambling Commission before they could legally offer their services to British players.

An additional rule would require any company that targets British players to record information about suspicious betting patterns, and to share it with UK sports bodies and with the Gambling Commission.

The Government is also looking into ways of securing levy contributions from overseas operators, which has been a concern since UK companies Ladbrokes and William Hill moved offshore. The issue of tax, however, has yet to be mentioned.

The Guardian: Online betting faces regulation overhaul

The British government will soon overhaul the problematic online gambling tax by tightening regulation of offshore operators.

The change is influenced in part by the recent successes of online gambling regulation in other European Union countries.

“Online gambling has changed significantly in recent years with many European countries taking new approaches to regulation,” says Sports Minister Gary Sutcliffe. “It would be wrong of us to stand still where things are changing around us.”

The proposed changes may see the Gambling Commission issuing individual licenses to online gambling operators, with license fees contributing to the cost of gambling regulation and the treatment of gambling addictions.

Sutcliffe’s announcement comes shortly after Ladbrokes and William Hill, fed up with UK tax policy, announced plans to move their operations to offshore tax havens.

Because one of Gordon Brown’s last moves as chancellor was to bump the tax rate for internet gambling firms to 15% of gross profits, no poker or casino sites conduct their UK business through a Gambling Commission license or pay tax here.

According to a Treasury spokesperson: “The focus of the Department for Culture, Media and Sport (DCMS) review was on the regulation – not taxation – of remote gambling … The Treasury will continue to work with DCMS to ensure that any implications for tax policy, arising from the proposals, are properly considered.”

The Independent: Plans to regulate offshore gambling websites

The British government today revealed to regulate foreign gambling websites that target UK customers.

Sports Minister Gerry Sutcliffe revealed that the new rules will require all foreign operators that cater to British players to be licensed by the UK Gambling Commission and follow UK gambling laws.

Under the proposed changes (which are still being discussed), all offshore gambling operators targeting the British market will have to comply with the Gambling Act and will be required to report suspicious wagering patterns to the Gambling Commission and to sport governing bodies.

Licensed foreign operators will also have to comply with British license regulations, such the protection of children against gambling, and will be required demonstrate how they can contribute to lessening problem gambling in Britain.

In a statement to Parliament, Mr Sutcliffe revealed that few companies active in the British market are now regulated by the Gambling Commission. “Though British consumers are not unprotected – most overseas jurisdictions have regulatory systems – standards vary and requirements differ from our own.”

Several UK bookmakers recently chose to shift their online businesses overseas to avoid UK taxes; this is one of the driving forces behind the recent talks.