Brian Christopher Slots Arizona eil 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. sunset station casino keno results 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. ”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. Financial DemiseCirque du Soleil is a Montreal-based 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. river spirit casino fluffy

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. jamul casino login 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. 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. doubledown casino support Mgm Casino Rooms Txuw For the past 36 years, Cirque du Soleil has been a highly successful andcasino f skopje profitable organization. mountaineer casino west virginia weather jay leno seven feathers casino bovada casino jackpot winners 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. viejas casino outlets stores paragon casino reservations It wasn’t all due to the coronavirus.

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Cirque’s financial stability began cracking after Laliberte sold the company in 2015 for . 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. Wild Rose Casino Emmetsburg Iowa Mtfn “You know, the ones who made Cirque the entertainment juggernaut it had become. ”Shows Play Critical RoleLas Vegas casinos rely heavily on marquee entertainment to attract guests to their properties. Free Slot Games Playtech Ioyj And Cirque shows appeal to a wide range of visitors.

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