Scan
Scan
Joined: Sep 9, 2013
  • Threads: 91
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February 4th, 2015 at 2:00:22 PM permalink
New AC "RESORT FEE"


Even on comp rooms

Resort fee $20
Other fee $8.00
Tax $2.80

Total >>>>>>>>>>>> $30.80


I guess Gary Loveman the CEO needs a bigger bonus
jerrysnj
jerrysnj
Joined: Jan 8, 2015
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February 4th, 2015 at 2:23:19 PM permalink
Maybe they'll be able to pay their retirees their pensions with the extra money. My brother in law retired from Caesars about 15 years ago. He held a high level management position, he opened Caesars AC before going back to Vegas where he retired. They just stopped paying his pension. He's a lung cancer survivor and around 80 years old and they just stopped paying it blaming their bankruptcy.
Scan
Scan
Joined: Sep 9, 2013
  • Threads: 91
  • Posts: 221
February 4th, 2015 at 2:34:47 PM permalink
Quote: jerrysnj

Maybe they'll be able to pay their retirees their pensions with the extra money. My brother in law retired from Caesars about 15 years ago. He held a high level management position, he opened Caesars AC before going back to Vegas where he retired. They just stopped paying his pension. He's a lung cancer survivor and around 80 years old and they just stopped paying it blaming their bankruptcy.




I do not think that the CEO and the elites in the boardroom care on bit about the working stiffs. They are there to vote each other raises and bonuses. A 2012 article in Forbes said Loveman was compensated over $26,000,000 for the five year period.
ahiromu
ahiromu
Joined: Jan 15, 2010
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February 4th, 2015 at 2:38:14 PM permalink
Quote: jerrysnj

Maybe they'll be able to pay their retirees their pensions with the extra money. My brother in law retired from Caesars about 15 years ago. He held a high level management position, he opened Caesars AC before going back to Vegas where he retired. They just stopped paying his pension. He's a lung cancer survivor and around 80 years old and they just stopped paying it blaming their bankruptcy.



Do you mean they stopped contributing to the pension fund, or are you saying that pensioners are no longer receiving ANY money? I would think stopping pension payments to retirees would be show up on a quick Google.
Its - Possessive; It's - "It is" / "It has"; There - Location; Their - Possessive; They're - "They are"
7star4now
7star4now
Joined: Jul 8, 2013
  • Threads: 33
  • Posts: 782
February 4th, 2015 at 3:03:59 PM permalink
Quote: Scan

New AC "RESORT FEE"


Even on comp rooms

Resort fee $20
Other fee $8.00
Tax $2.80

Total >>>>>>>>>>>> $30.80


I guess Gary Loveman the CEO needs a bigger bonus



I just got this for a comp room-I thought it was $13 till now?

(maybe it depends on Tier (as I think it does in Vegas?) - I'm DIA

Bally's Atlantic City
Sun. 02/08/2015:
Subtotal:
$0.00
Other Fees:
$8.00
Taxes:
$0.00
Total:
$8.00
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
  • Threads: 67
  • Posts: 4298
February 4th, 2015 at 3:14:19 PM permalink
Quote: 7star4now

I just got this for a comp room-I thought it was $13 till now?

(maybe it depends on Tier (as I think it does in Vegas?) - I'm DIA

Bally's Atlantic City
Sun. 02/08/2015:
Subtotal:
$0.00
Other Fees:
$8.00
Taxes:
$0.00
Total:
$8.00


Yeah, in Vegas I believe Diamond is exempt from resort fees. I have never been Diamond so I can't confirm.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
7star4now
7star4now
Joined: Jul 8, 2013
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February 4th, 2015 at 3:28:46 PM permalink
Quote: jerrysnj

Maybe they'll be able to pay their retirees their pensions with the extra money. My brother in law retired from Caesars about 15 years ago. He held a high level management position, he opened Caesars AC before going back to Vegas where he retired. They just stopped paying his pension. He's a lung cancer survivor and around 80 years old and they just stopped paying it blaming their bankruptcy.



Jerry, I would tell him to check into it further, or contact a lawyer. The CZR bankruptcy has not been finalized, in fact they are still in the process of conniving a venue.

CZR did intentionally miss a debt payment owed to creditors, but there are rules re pension payments, & it would seem unlikely that his pension could be cutoff prior to an actual Bankruptcy decree -authorized by a court.

Caesars Entertainment (CZR) Stock Gaining Today as Bankruptcy Case Moves to Chicago
http://www.thestreet.com/story/13026439/1/caesars-entertainment-czr-stock-gaining-today-as-bankruptcy-case-moves-to-chicago.html
DrawingDead
DrawingDead
Joined: Jun 13, 2014
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February 4th, 2015 at 3:55:03 PM permalink
Quote: 7star4now

Jerry, I would tell him to check into it further, or contact a lawyer.

Yes, exactly right. That would be quite strange, as that isn't a decision that would be up to anyone running Caesars.

http://en.wikipedia.org/wiki/Pension_Benefit_Guaranty_Corporation

Quote:

The Pension Benefit Guaranty Corporation (PBGC) is an independent agency of the United States government that was created by the Employee Retirement Income Security Act of 1974 (ERISA)...

"I'm against stuff like crack and math" --AxelWolf
jerrysnj
jerrysnj
Joined: Jan 8, 2015
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February 4th, 2015 at 3:55:35 PM permalink
Quote: ahiromu

Do you mean they stopped contributing to the pension fund, or are you saying that pensioners are no longer receiving ANY money? I would think stopping pension payments to retirees would be show up on a quick Google.


They cut him off. No more checks, at least for now.
jerrysnj
jerrysnj
Joined: Jan 8, 2015
  • Threads: 9
  • Posts: 97
February 4th, 2015 at 3:58:02 PM permalink
7star4now and drawingdead, thanks for the info, I'll forward to him.

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