The bankrupt operating unit of Caesars Entertainment Corp. asked a judge on Tuesday to extend a lawsuit shield for its parent company, which a financial adviser said is critical to making progress toward a settlement with holdout creditors.
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Casinos & Gaming
Gov. Chris Christie thinks the U.S. Supreme Court should decide whether New Jersey can legalize sports betting. He commented Wednesday while co-hosting a sports-talk radio show.
State gaming regulators have recommended approval of Caesars Entertainment’s plan to convert its operating and real estate corporations into limited liability companies.
Former National Basketball Association Commissioner David Stern, a supporter of legalized sports wagering, will address next month’s Global Gaming Expo in Las Vegas.
New Jersey’s latest shot at legalized sports betting suffered a significant setback Tuesday, when the U.S. Third Circuit Court of Appeals upheld the prohibition of sports gambling in that state by a 10-2 vote.
The 3rd U.S. Circuit Court of Appeals ruling invalidated a law enacted by New Jersey in 2014 that would have allowed sports betting at casinos and racetracks. The court found New Jersey’s law repealing prohibitions against sports gambling violated the 1992 Professional and Amateur Sports Protection Act, which forbids state-authorized sports gambling.
The site’s rich 60-year history of failed development attempts show the next developer must be better at forming and maintaining relationships, both internally within the project and externally with the black community surrounding the site.
Thousands of people enjoyed fireworks on Friday in celebration of the 50th anniversary of Caesars Palace.
The closure of Atlantic City’s Trump Taj Mahal casino, planned for Oct. 10, may help bolster the arguments of both sides in a referendum over putting casinos in northern New Jersey.
Las Vegas may unwittingly benefit from the outbreak of the Zika virus in South Florida as Southern Nevada’s already seeing a surge in business this summer, especially from Asia and business travelers.
Billionaire investor Carl Icahn wrote a letter Thursday to the soon-to-be unemployed workers of the Trump Taj Mahal casino, accusing their union of inciting them to destroy their own jobs by participating in the longest strike by Atlantic City’s main casino workers union.
Wynn officials say they’ll be adding hundreds more construction workers as the building of a $2 billion Boston-area casino starts after years of legal fights.
Boyd Gaming’s business model downtown is driven by tourism from Hawaii through travel packages. All three of the properties – California, Fremont, Main Street – achieved solid gains, said President and CEO Keith Smith. Lower fuel costs saved the flight charter service about $400,000.
Golden Enterainment, Nevada’s largest tavern operator and slot machine company, saw a strong second quarter with revenues increasing 16.5 percent and cash flow up 12.2 percent.
The Trump Taj Mahal casino will shut down after Labor Day, the victim of the longest strike in Atlantic City’s 38-year casino era.
Don Laughlin regularly works 14-hour days. But on Tuesday afternoon, Laughlin took a few minutes off to celebrate the 50th anniversary of the Riverside.
Caesars Entertainment Corp. on Tuesday reported a second-quarter loss of $2.08 billion, after reporting a profit in the same period a year earlier.
UNLV and the University of Sydney plan to collaborate on interactive gambling research including the study of addiction, Gov. Brian Sandoval announced on Monday.
Boyd Gaming completed the sale of its half of Atlantic City’s Borgata casino on Monday to MGM Resorts International.
Macau posted a drop in gambling revenue in July, stretching declines for a 26th consecutive month, as wealthy gamblers continued to steer clear of the world’s biggest casino hub.
A Chinese consortium that includes game developer Shanghai Giant Network Technology and e-commerce company Alibaba Group founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc’s online games unit for $4.4 billion in cash, the companies said.
The casino was built in 1931, the same year gambling was legalized in Nevada, to serve as an entertainment center for Hoover Dam workers.
Nevada casinos posted a strong 6.8 percent gaming win in June, helping the state’s major industry eke out a tiny 0.66 percent gain for the fiscal year that ended June 30, the state Gaming Control Board reported Friday.