Overview
- The operator of the 10,000-square-foot venue at The Forum Shops at Caesars Palace filed for Chapter 11 on Monday in the U.S. Bankruptcy Court for the District of Nevada.
- A clerk’s notice says required financial statements, creditor lists and disclosures were not included, and the company has limited time to cure the deficiencies or face dismissal.
- Filings list $1 million to $10 million in assets and liabilities, more than $4.4 million owed to the 20 largest unsecured creditors, and an expectation that unsecured creditors will not be paid after administrative costs.
- The company requested expedited hearings this week so it can pay current employees on Friday.
- Court documents reference a pending eviction, while the venue remains open and staff report no announced changes to operating hours.