Caesars Entertainment Corp. said late Friday it reached an "amended restructuring support agreement" with its largest lenders as the company attempts reduce the bulk of its gaming industry-high $22.8 billion in long-term debt.
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Casinos & Gaming
At some point — if we’re reading the signs correctly — regional casino operator Pinnacle Entertainment will marry itself to real estate investment trust Gaming and Leisure Properties Inc. Wall Street hopes this isn’t a shotgun wedding.
A bankruptcy judge has delayed a ruling in the reorganization of Caesars Entertainment Corp.’s largest operating division until October.
James Bond hasn’t left the room when it comes to his beloved card game baccarat. But Bond should take note — the dragon and the panda are in the building – along with the Las Vegas-based brand that’s brought them to life.
The World Poker Tour was purchased by a Chinese-based social gaming company for $35 million.
The building currently housing the UNLV Harrah College of Hotel Administration is outdated. But because of Gov. Brian Sandoval’s signature, Hospitality Hall will soon rise at the center of the UNLV campus.
Boyd Gaming Corp. has pledged a $2.5 million donation to support construction of a new building for William F. Harrah College of Hotel Administration at the University of Nevada, Las Vegas.
A federal prosecutor tasked with enforcing anti-money laundering laws, told a Las Vegas audience Thursday the casino industry has grown the number of times it reports suspicious activity by its customers, but more can be accomplished in fostering a “culture of compliance.”
Kirk Kerkorian always bet big on Las Vegas and, ultimately, he always won. The vision of one of the planet’s biggest investors touched nearly every resort on the Strip.
A one-of-a-kind center, where gaming regulators worldwide can meet to exchange ideas and discuss emerging issues, will be created at the University of Nevada, Las Vegas Boyd School of Law after state lawmakers designated $1 million for the program.
When the Internal Revenue Service floated the idea of lowering the threshold for tax-reportable winnings from slot machines, the reaction from thousands of gamblers was a collective “Give us a break!” At an IRS public hearing Wednesday, the comments were a bit more formal. But a handful of casino executives, industry officials and tribal representatives delivered much the same message.
Kirk Kerkorian, who died Monday at 98, was never comfortable in the spotlight. Despite his status as one of America’s most successful billionaires, Kerkorian was reserved, unpretentious and media-shy.
Gaming equipment provider Scientific Games Corp. said Wednesday it signed a deal to sell some 2,000 slot machinelike video lottery terminals to the Oregon Lottery.
One of the founders of modern Las Vegas whose name is synonymous with some of the Strip’s best known hotel-casinos, Kerkorian died Monday night in Los Angeles after a brief illness.
Don’t be surprised in you hear a lot more about the flow of big money from foreign jurisdictions into the U.S. via some highly questionable casino transfers.
Las Vegas-based Caesars Entertainment Corp. was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its controversial plan to overhaul $18 billion in debt.
Producers of the Global Gaming Expo will build an integrated resort as part of this fall’s casino industry tradeshow. Sort of.
Australia-based Aristocrat Leisure Ltd. wasn’t left behind by the tsunami that engulfed the slot machine industry over the past 20 months — you just might not have noticed.
It might seem odd coming from Jim Murren, chairman and CEO of the Strip’s largest casino company. For now, MGM Resorts International — which operates Bellagio, MGM Grand, Mandalay Bay, The Mirage, the CityCenter complex and others — is finished constructing new hotel-casinos on the Strip.
MGM Resorts refinanced its Macau credit agreement to help complete the company’s $2.9 billion resort under construction on the Cotai Strip.
The iconic Circus Circus is approaching 50 as “the most popular property” among MGM’s 10 Strip resorts for Hispanics from the West Coast.
Herbst family-owned JETT Gaming was given tentative approval Wednesday by state gaming regulators to take over ownership and operation of the Searchlight Nugget. Their goal is to add amenities to the Nugget to give travelers a reason to stop in Searchlight, which is 60 miles south of Las Vegas.
Regional casino operator Penn National Gaming, which owns M Resort and is buying the Tropicana, named a top executive Wednesday to oversee both operations.