The operating unit of Caesars Entertainment Corp. begins an unusual two-day trial on Monday to decide which of two bankruptcy courts will review its $10 billion debt-cutting plan. In some ways, the decision is not just about which judge, but which law will govern.
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Casinos & Gaming
Lottery giant Scientific Games Corp., which acquired two slot machine manufacturers in the past 18 months, announced Monday it would move its corporate headquarters from New York to Las Vegas.
Slot machine route operator Golden Gaming announced Monday it will merge with Minnesota-based Lakes Entertainment.
Gaming industry predictions are not exact science.
Las Vegas Sands Corp. Chairman Sheldon Adelson will take over as chief executive of the company’s Macau subsidiary.
The Clarion off the Strip is scheduled to be imploded next month in the early morning hours. Clark County spokesman Dan Kulin said Thursday that the implosion will take place on Feb. 10 between 2-3 a.m.
Boyd Gaming Corp. appointed the chief executive of a national hotel chain and a Las Vegas attorney to the casino company’s board of directors on Thursday.
Representatives of the Governor’s Office of Economic Development board on Thursday approved a series of economic incentives for Scientific Games and a subsidiary, Scientific Games Production, to defray costs of building a 40,000-square-foot soundstage for a set for “Monopoly Millionaires Club,” a nationally broadcast television game show.
The efforts by Caesars Entertainment Corp. to restructure 81 percent of its gaming industry-high debt will be a “drawn out” process, a Wall Street ratings service warned investors Thursday.
Christian Goode, the top executive for the planned $4 billion Resorts World Las Vegas development, is no longer with the project, sources said Wednesday.
Steve Wynn’s 37.5 percent pay cut in base salary was described by Wynn Resorts Ltd. as an adjustment that will include a performance-based equity component as part of his compensation.
Bill Boyd said a 1983 decision to take over management of the troubled Stardust at the request of the Gaming Control Board was an easy choice.
Casino operator Wynn Resorts Ltd. has slashed Chief Executive Steve Wynn’s salary to $2.5 million per year from $4 million, a regulatory filing showed.
A Chinese government official is hinting at a potential gaming tax increase ahead of license renewals for Macau’s casino operators.
MGM Resorts International has received two awards for its training and engagement of employees.
U.S. casinos must take steps to combat illegal sports gambling, the Treasury Department has told an industry group in a letter that came just weeks before the Super Bowl, one of the biggest betting events of the year.
The Gaming Control Board will consider a regulation change next month that would allow Nevada sports books to accept wagers on the Olympics.
Caesars Entertainment Corp. placed its largest operating division into bankruptcy on Thursday, taking the initial steps to eliminate almost $10 billion of debt and restructure the casino operator’s troubled balance sheet.
The American Gaming Association is expanding both in membership and influence. Last week, the AGA announced it added nine new members, including Seminole Hard Rock Gaming — the group’s first American Indian-owned casino company — and the Las Vegas Convention and Visitors Authority.
A top Malaysian government official and his ruling political party have come under fire in light of his intervention in a high-profile Las Vegas illegal sports betting case.
The initial phase of the $3.5 billion Baha Mar resort in the Bahamas will open March 27.
Illinois private equity firm Z Capital Partners, the largest shareholder in casino operator Affinity Gaming, has increased its ownership stake in the company whose holdings include the three Primm resorts and the off-Strip Silver Sevens.
Junior level creditors of Caesars Entertainment Corp. are attempting to block this week’s planned restructuring of the casino company’s primary business unit.
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