{"product_id":"the-caesars-palace-coup-indap-frumes-9781635767742","title":"The Caesars Palace Coup | Sujeet Indap \u0026 Max Frumes","description":"\u003ch2\u003eThe Caesars Palace Coup: How a Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street | Max Frumes \u0026amp; Sujeet Indap\u003c\/h2\u003e\n\u003cp\u003eHow did a bitter battle over a legendary Las Vegas resort expose the ruthless mechanics of modern distressed debt investing? \u003cstrong\u003eMax Frumes\u003c\/strong\u003e and \u003cstrong\u003eSujeet Indap\u003c\/strong\u003e investigate.\u003c\/p\u003e\n\u003ch3\u003eAbout the Book:\u003c\/h3\u003e\n\u003cp\u003eIt was the most brutal corporate restructuring in Wall Street history.\u003c\/p\u003e\n\u003cp\u003eThe 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.\u003c\/p\u003e\n\u003cp\u003eIn the tradition of \u003cem\u003eBarbarians at the Gate\u003c\/em\u003e and \u003cem\u003eThe Big Short\u003c\/em\u003e comes the riveting, multi-dimensional poker game between private equity firms and distressed debt hedge funds that played out from the Vegas Strip to Manhattan boardrooms to Chicago courthouses and even, for a moment, the halls of the United States Congress.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOn one side:\u003c\/strong\u003e relentless financial engineers Marc Rowan, David Sambur, and David Bonderman with their teams at Apollo Global Management and TPG Capital.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOn the other: \u003c\/strong\u003esuperstar distressed debt investors Dave Miller and Ryan Mollett with their cohorts at the likes of Elliott Management, Oaktree Capital, and Appaloosa Management.\u003c\/p\u003e\n\u003cp\u003eThe Caesars bankruptcy put a twist on the old-fashioned casino heist.\u003c\/p\u003e\n\u003cp\u003eThrough 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.\u003c\/p\u003e\n\u003cp\u003eBut Caesars' hedge fund lenders and bondholders had scooped up the company's paper for nickels and dimes.\u003c\/p\u003e\n\u003cp\u003eAnd 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.\u003c\/p\u003e\n\u003cp\u003eThese 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.\u003c\/p\u003e\n\u003cp\u003eIn \u003cem\u003eThe Caesars Palace Coup\u003c\/em\u003e, financial journalists Max Frumes and Sujeet Indap illuminate the brutal tactics of distressed debt mavens—vultures, as they are condemned—in the sale and purchase of even the biggest companies in the world with billions of dollars hanging in the balance.\u003c\/p\u003e\n\u003ch3\u003eFrequently Asked Questions About \u003cem\u003eThe Caesars Palace Coup\u003c\/em\u003e:\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eQ: \u003c\/strong\u003eIs this book focused on casino operations, gambling strategy, or mob history?\u003cbr\u003e\u003cstrong\u003eA:\u003c\/strong\u003e No. While it takes place around the iconic Caesars Palace brand, this is a high-stakes corporate finance thriller. The plot moves entirely inside the boardrooms, luxury hotel suites, and courtrooms where the world's most aggressive hedge funds and private equity firms fought for control of a multi-billion-dollar corporate bankruptcy.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eQ:\u003c\/strong\u003e Who are the primary financial titans and billionaires featured in the conflict?\u003cbr\u003e\u003cstrong\u003eA:\u003c\/strong\u003e The book charts a massive corporate war between elite Wall Street factions. On one side are Apollo Global Management (led by Marc Rowan) and TPG Capital, who took Caesars private in a catastrophic $31 billion leveraged buyout. On the other side are relentless distressed-debt hedge funds, most notably Elliott Management (led by Paul Singer).\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eQ:\u003c\/strong\u003e What unique credentials do the authors bring to this highly complex financial case?\u003cbr\u003e\u003cstrong\u003eA:\u003c\/strong\u003e The book is written by two of the premier investigative financial journalists in the industry. Max Frumes is the co-founder of LevFin Insights, a publication tracking the leveraged finance market, while Sujeet Indap is the US Editor of the Financial Times Lex column. Their backgrounds give them immense expert authority to break down complex financial data seamlessly.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eQ:\u003c\/strong\u003e What specific Wall Street maneuvers and legal strategies are exposed inside?\u003cbr\u003e\u003cstrong\u003eA:\u003c\/strong\u003e The authors unpack the brutal mechanics of distressed debt investing. The narrative details how Apollo stripped Caesars of its most valuable, debt-free physical casino assets to keep them away from creditors, triggering an incredibly complex legal battle over fraudulent transfers, corporate shell games, and bankruptcy law loopholes.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eQ:\u003c\/strong\u003e Do I need an advanced degree in corporate finance to understand this book?\u003cbr\u003e\u003cstrong\u003eA:\u003c\/strong\u003e Not at all. Frumes and Indap are highly praised for translating dense financial concepts like credit default swaps, leveraged buyouts, and bankruptcy restructuring into an accessible, fast-paced human narrative. It reads like a modern-day Barbarians at the Gate, making it highly engaging for any non-fiction true crime or business reader.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eSummary:\u003c\/h3\u003e\n\u003cp\u003eHedge fund warfare, corporate bankruptcy, and high-stakes Wall Street greed. Max Frumes and Sujeet Indap expose the ultimate casino battle in \u003cem\u003eThe Caesars Palace Coup\u003c\/em\u003e.\u003c\/p\u003e\n\u003ch3\u003eAbout the Author(s):\u003c\/h3\u003e\n\u003cp style=\"padding-left: 40px;\"\u003e\u003cstrong\u003eSujeet Indap: \u003c\/strong\u003eEntertainment Journalist\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSujeet Indap\u003c\/strong\u003e is the U.S. editor of the Lex Column at the Financial Times, where he contributes stories across the paper. He has written extensively on the intersection of corporate finance and corporate law. Indap was previously an investment banker before he joined the Financial Times in 2013. He is a graduate of Pomona College and the Wharton School at the University of Pennsylvania.\u003c\/p\u003e\n\u003cp style=\"padding-left: 40px;\"\u003eIndap lives in Manhattan, NY, with his wife.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eMax Frumes: \u003c\/strong\u003eEntertainment Journalist\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eMax Frumes\u003c\/strong\u003e leads a news team at Fitch Solutions covering corporate debt and restructuring. He previously was the founding editor of a leading publication covering corporate bankruptcy, and before that reported for S\u0026amp;P’s Leveraged Commentary \u0026amp; Data and The Deal. Frumes received his undergraduate degree from the University of California, Berkeley, and an MSJ from Northwestern’s Medill School of Journalism.\u003c\/p\u003e\n\u003cp style=\"padding-left: 40px;\"\u003eHe lives in Brooklyn with his wife and daughter.\u003c\/p\u003e\n\u003ch3\u003eBibliographic Data:\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eFull Title: \u003c\/strong\u003eThe Caesars Palace Coup: How a Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAuthor(s): \u003c\/strong\u003eMax Frumes, Sujeet Indap\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePublisher \u0026amp; Imprint:\u003c\/strong\u003e Diversion Books\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e March 16, 2021\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eBinding Format:\u003c\/strong\u003e Hardcover\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition:\u003c\/strong\u003e Pre-Owned \/ Very Good\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eEdition: \u003c\/strong\u003eHardcover\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePrint Length:\u003c\/strong\u003e 384 Pages\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eLanguage:\u003c\/strong\u003e English\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eISBN-13:\u003c\/strong\u003e 9781635767742\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eISBN-10:\u003c\/strong\u003e 1635767742\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eLibrary of Congress (LCCN):\u003c\/strong\u003e 2020948924\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePrimary Genre (BISAC):\u003c\/strong\u003e BUSINESS \u0026amp; ECONOMICS \/ Corporate Finance \/ General\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eSub-Genres (BISAC):\u003c\/strong\u003e TRUE CRIME \/ White Collar Crime; BUSINESS \u0026amp; ECONOMICS \/ Industries \/ Hospitality, Travel \u0026amp; Tourism; BUSINESS \u0026amp; ECONOMICS \/ Business Ethics\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 6.0 x 1.25 x 9.0 inches\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWeight: \u003c\/strong\u003e21.6 oz (approx. 1.35 lbs)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eGrab Your Copy!\u003c\/h3\u003e\n\u003cp\u003eExplore the gripping, insider account of a billion-dollar corporate showdown and Wall Street warfare. Tap to discover Max Frumes and Sujeet Indap's book today!\u003c\/p\u003e","brand":"Bust-Down Books","offers":[{"title":"Default Title","offer_id":49823150801211,"sku":"1635767741","price":18.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0855\/2077\/7531\/files\/9781635767742.jpg?v=1777295184","url":"https:\/\/bustdownbooks.com\/products\/the-caesars-palace-coup-indap-frumes-9781635767742","provider":"Bust-Down Books","version":"1.0","type":"link"}