Island Resort And Casino Addition ed for bankruptcy protection in Canada. Cirque du Soleil and its dozens of shows, including “Mystere” at TI, remain shuttered by the coronavirus. (Image: Cirque du Soleil)Cirque du Soleil has been the go-to entertainment provider for numerous Las Vegas Strip casinos. How Long Does Casino Com Take To Withdraw Kalk The company has held residencies at TI, New York-New York, MGM Grand, Mirage, Luxor, and Aria. Casino Queens Zgjy MGM Resorts, the largest owner and operator of casinos on the Strip, is an official partner of the entertainment giant. Cirque du Soleil was in financial trouble prior to COVID-19. blackjack casino promotions 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. 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. casino roulette james bond 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. online blackjack dealer jobs ”All 44 of Cirque’s global shows were shut down in March. The company laid off approximately 95 percent of its 4,700 staff and performers, including 1,300 workers in Las Vegas. riverwind casino calendar Financial DemiseCirque du Soleil is a Montreal-free slots uk no depositbased 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. cashman casino las vegas slots viejas casino dining 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. fanduel stardust casino jersey city nj harrah s cherokee casino murphy north carolina 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. black oak casino open ex casino poker table no deposit bonus casino in south africa 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.

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For the past 36 years, Cirque du Soleil has been a highly successful and profitable organization. is big dollar casino legit 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. twin river casino mobile app It wasn’t all due to the coronavirus. Cirque’s financial stability began cracking after Laliberte sold the company in 2015 for . casino near me directions Soaring Eagle Casino Coupon Code Kyco Austria 5 billion to three private equity firms. “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. “You know, the ones who made Cirque the efree slots uk no depositntertainment juggernaut it had become. free casino slot games double diamond ”Shows Play Critical RoleLas Vegas casinos rely heavily on marquee entertainment to attract guests to their properties.

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