The Caesars Palace Coup
How a Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street
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The Caesars Palace Coup
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Narrated by:
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Chris Kipiniak
About this listen
It was the most brutal corporate restructuring in Wall Street history. The 2015 bankruptcy brawl for the storied casino giant, Caesars Entertainment, pitted brilliant and ruthless private equity legends against the world's most relentless hedge fund wizards.
The Caesars bankruptcy put a twist on the old-fashioned casino heist. Through a $27 billion leveraged buyout and a dizzying string of financial engineering transactions, Apollo and TPG - in the midst of the post-Great Recession slump - had seemingly snatched every prime asset of the company from creditors, with the notable exception of Caesars Palace. But Caesars's hedge fund lenders and bondholders had scooped up the company's paper for nickels and dimes. And with their own armies of lawyers and bankers, they were ready to do everything necessary to take back what they believed was theirs - if they could just stop their own infighting.
These modern financiers now dominate the scene in corporate America as their fight-to-the-death mentality continues to shock workers, politicians, and broader society - and even each other.
©2021 Sujeet Indap and Max Frumes (P)2021 TantorListeners also enjoyed...
What listeners say about The Caesars Palace Coup
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Jonathan Child
- 15-07-21
Complex story told with clarity
This is a highly complex story/investigation with many moving parts but it is told with clarity and is a complete page turner
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- RH23
- 30-04-24
Insightful and entertaining
Really enjoyable case study, offering real insights into the work of private equity and debt markets and how they really run the economy.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story4 out of 5 stars
- Lee
- 19-03-24
Fantastically researched and chronicled book
Fabulous narration of a well researched and flowing book which kept me interested all through each chapter.
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Overall4 out of 5 stars
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Performance4 out of 5 stars
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Story4 out of 5 stars
- Amazon Customer
- 16-04-21
Great story but too technical
Fascinating insight into the ruthless Apollo machine. These are FT writers and are clearly writing for a finance type audience. Even so, they could have simplified some of the technical back and forth. It’s also a bit too long.
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1 person found this helpful
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Overall3 out of 5 stars
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Performance4 out of 5 stars
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Story3 out of 5 stars
- LivingTheDream
- 29-04-24
A bit too technical
Whilst interesting, the complexity of the case and legal terminology left me somewhat confused. An interesting listen all the same but not riveting as any major plot twists are somewhat lost given I had no idea what was going on most of the time.
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Overall3 out of 5 stars
- Meph
- 03-01-23
Could have been shorter.
Not bad, but difficult to follow as an audiobook given a lot of the legal maneuvers could have really benefited from being represented visually on a corporate org chart.
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Overall1 out of 5 stars
- Amazon Customer
- 27-12-21
An interesting story told utterly boring
Even Chris the narrator sounded like he was struggling to stay awake. Far too technical and detailed. What should be a fascinating story is more like reading hours of an actual office, minutes of meeting, notes. Haven't read anything as bad as this. Ever.
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1 person found this helpful