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Caesars dissolves deals with Kansas City Chiefs, others

Sports

March 17th, 2015 by Ric Hanson

LAS VEGAS (AP) – A bankruptcy judge says an arm of casino giant Caesars Entertainment Corp. can tear up contracts with the Kansas City Chiefs, a Springhill Suites in Louisiana and audio company Monster Inc. that says it feuded with Planet Hollywood performer Britney Spears.

Judge Benjamin Goldgar in Chicago ruled last week Caesars Entertainment Operating Co. would have to try again if it wants to void agreements it has with the New York Mets, The Forum in Los Angeles and a motorcoach company because it didn’t give them enough notice last time. The company filed bankruptcy in January to shed some $10 billion in debt.

The suite for Chiefs games costs $12,000 a month. A sponsorship agreement with the Mets costs $203,000 a month and advertising at The Forum costs $60,000 a month.