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Read Cesar's Entertainment may file for bankruptcy. If that happens, will DefCon still go on? Anyone else heard anything?
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One article:
URL1=https://www.barrons.com/articles/cas...st-51584551514:

Originally posted by URL1
Caesars Entertainment and Penn National Gaming, on the other hand, have the least cushion due to their largely U.S.-focused operations. Both companies only have enough liquidity to sustain two to three quarters before cash runs out, according to Curtis’ estimates.
URL2=https://nypost.com/2020/03/11/eldora...o-coronavirus/
Originally posted by URL2
Eldorado Resorts — an acquisitive chain of gambling houses that includes the Tropicana, as well as middlebrow names like Circus Circus, Lady Luck and Isle of Capri — agreed in June to buy Caesars Entertainment in a heavily financed deal worth $17.3 billion.

Critics note that the deal — which will create a casino colossus carrying more than $21 billion in debt — looks disconcertingly similar to a 2008 leveraged buyout of Caesars by the private-equity firm Apollo Global Management, which landed Caesars in bankruptcy court seven years later.

Despite those worries, sources say Eldorado’s hard-driving boss, Tom Reeg, has been pressing to close the merger, which had been aggressively pushed for by billionaire Carl Icahn, a big Caesars shareholder.

That’s partly because of the ironclad terms of the deal. Public filings show Eldorado can’t use “public health emergencies” to get out of the merger unless they hit Caesars harder than the rest of the gaming industry — a case that would be hard to make, sources said.
Another article:
URL3=https://www.rgj.com/story/news/2020/...wn/2912841001/
Originally posted by URL3
After crunching “cash burn” data, some analysts contend companies like MGM Resorts International and Caesars Entertainment have money to last anywhere from eight to 16 months, according to Barron's (which links to URL1)

Other comment:
There are many kinds of bankruptcy. The most common forms of bankruptcy is temporary for "protection from creditors" allowing a business to not pay bills for a while, even if they are due.
Not all bankruptcy is "total liquidation of all assets" to pay off: employees (usually first), followed by some mixed order of: stock-holders with "preferred shares", other stock holders, creditors, etc.)

If we assume they have 2-3 quarters of cushion is accurate (8 months appears to be most specific), and assume that they are not going to go with a bankruptcy with total liquidation, then bankruptcy for something like "reorganization" probably would not necessarily prevent DEF CON from working with Caesars Entertainment. (I'm not speaking authoritatively, only based on what I have observed.)

Also, the tentative dates for DEF CON this year appear to be within the 2-3 quarters of cushion.
If we include March 2020, add 8 months we get to the end of October of 2020.

Whatever the outcome, we can check the FAQ...
Would it mean DEF CON is cancelled?
URL0=https://www.defcon.org/html/links/dc-faq/dc-faq.html
Originally posted by URL0
...
Is DEF CON cancelled?

No.
...
A side note: DEF CON China was postponed, and it was pointed out that a postponement is not a cancellation.

For more up-to-date details for 2020, please see blog from Dark Tangent: https://forum.defcon.org/node/231015

HTH