Kansas Star Casino Facebook ed for bankruptcy protection in Canada. bellagio casino restaurants Cirque du Soleil and its dozens of shows, including “Mystere” at TI, remain shuttered by the coronavirus. Nearest Casino From My Current Location Dlim Switzerland (Image: Cirque du Soleil)Cirque du Soleil has been the go-to entertainment provider for numerous Las Vegas Strip casinos. no deposit bonus casino europe The company has held residencies at TI, New York-New York, MGM Grand, Mirage, Luxor, and Aria. Angel Of The Winds Casino Covid 19 Tzrn MGM Resorts, the largest owner and operator of casinos on the Strip, is an official partner of the entertainment giant. raging bull casino reviews Cirque du Soleil was in financial trouble prior to COVID-19. is the jackson rancheria casino open

But because of the pandemic — which has resulted in bans on mass gatherings and suspended live entertainment — the company is now being forced into bankruptcy protection. aliante casino and hotel las vegas nevada A press release today announced the news that Cirque du Soleil Entertainment Group has filed for protection from its creditors under the Companies’ Creditors Arrangement Act (CCAA) in Quebec. If a superior court approves of the request during a hearing tomorrow, Cirque says it will then seek Chapter 15 protection in the United States. Investopedia explains that Chapter 15, a section of the US Bankruptcy Code, is a bankruptcy filing that has mechanisms designed “to foster a cooperative environment in international insolvencies. Free Online Poker Multiplayer Zdmi ”All 44 of Cirque’s global shows were shut down in March. hollywood casino ohio The company laid off approximately 95 percent of its 4,700 staff and performers, including 1,300 workers in Las Vegas.

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Financial DemiseCirque du Soleil is a Montreal-is aliante casino openbased private company that traces its origins back to 1984 when street performers Guy Laliberte and Gilles Ste-Croix formed a troupe of some 20 performers. The company expanded rapidly during the 1990s and 2000s and made its way to the Las Vegas Strip in 1992 with Nouvelle Experience at The Mirage. roulette casino cake As news of its bankruptcy filing hit today, Cirque had several shows on the Strip waiting to resume performances once given the all-clear from state officials. little river casino app big dollar casino casinos Present shows that are now in jeopardy of being canceled include “Michael Jackson: One” at Mandalay Bay, “The Beatles Love” at The Mirage, “Ka” at MGM Grand, “Zumanity” at New York-New York, “O” at Bellagio, and “Mystere” at TI. For the past 36 years, Cirque du Soleil has been a highly successful and profitable organization. However, with zero revenues since the forced closure of all of our shows due to COVID-19, management had to act decisively to protect the Company’s future,” said Daniel Lamarre, president and CEO of Cirque du Soleil Entertainment Group. Nearest Casino With Slot Machines Near Me Mpvk

It wasn’t all due to the coronavirus. Cirque’s financial stability began cracking after Laliberte sold the company in 2015 for . 5 billion to three private equity firms. mgm casino events “The new owners reportedly pivoted Cirque toward being an analytics-driven culture, which is pretty much the best way to suck the souls from creative people,” Scott Roeben of Vital Vegas reported earlier this year. palace station casino las vegas nevada no deposit bonus casino list uk “You know, the ones who made Cirque the eis aliante casino openntertainment juggernaut it had become. ”Shows Play Critical RoleLas Vegas casinos rely heavily on marquee entertainment to attract guests to their properties.

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