Caesars Entertainment Corp. continued its efforts to address its gaming industry-high $23 billion in long-term debt Wednesday by installing separate management in one of the company’s operating entities with the intention for a public listing of the business.
Subscribe to Casinos & Gaming RSS feed
Casinos & Gaming
ATLANTIC CITY — Atlantic City’s crumbling casino market disintegrated even further Saturday as the owners of the Trump Plaza casino in Atlantic City said they expect to shut down in mid-September.
HONG KONG — A former Macau business partner of Las Vegas Sands Corp. accused the casino operator of misappropriating trade secrets and is suing the company for at least $5 billion in profits that it says are owed via their joint ownership of copyright related to a casino license bid.
Nevada Gaming Control Board for the first time has punished a gaming licensee for also having an interest in a medical marijuana business.
Macau is facing threats to its growth from China’s slowing economy and greater foreign competition, escalating the need for the world’s largest gambling hub to diversify from its casino gaming roots.
State gaming regulators tentatively approved a planned interactive gaming system that could house online poker websites for multiple casinos, potentially increasing the player pool in Nevada.
New Jersey lawmakers say a venture capitalist wants to build a $4.6 billion casino in Jersey City, but the state would first need to allow casinos outside of Atlantic City.
International Game Technology is the most prominent gaming company with a “For Sale” sign planted in the front yard.
ALBANY, N.Y. — Applicants for the four upstate New York casino licenses being granted this year are promising more jobs and tax revenue if they are allowed to develop resorts.
The parent company of Atlantic City’s Showboat says that it would consider selling the property to another casino operator if it made a reasonable offer and could be licensed.
Casino operator Affinity Gaming warned investors it was expecting to default on a portion of its $382.7 million in long term debt, but the company expects to fix the issues with its lenders.
Dotty’s operator Nevada Restaurant Services, Inc. announced last week it was paying $6.75 million to acquire the River Palms in Laughlin from Atlantic City-based Tropicana Entertainment.
The Graton Resort near Santa Rosa, Calif., has not yet celebrated its first anniversary. But one analyst hinted recently the Indian casino — which was built by Station Casinos and is being operated by the locals gaming giant — is quickly rising to the top of the class in tribal gaming-rich California.
The fourth generation of the Gaughan family is already making its mark in the gaming business.
Don’t say “sayonara” to casinos in Japan quite yet. Japanese lawmakers are just taking a summer break.
Newage Lake Las Vegas, which owns Hilton Lake Las Vegas Hotel and Spa, received a three-year extension this week on its conditional-use permit for nonrestricted gaming from the Henderson City Council to find an operator for the casino at Lake Las Vegas, formerly known as Casino MonteLago.
World-famous poker player Phil Ivey says his disputed $9.6 million baccarat win at Atlantic City’s Borgata casino was all skill, and he’s seeking dismissal of a lawsuit in which the casino accuses him of cheating.
NEW YORK — Caesars Entertainment’s ability to negotiate a debt exchange that keeps it out of bankruptcy is being complicated by a surge in credit-default swaps that would be profitable if the casino operator defaults.
BOSTON — Boston lost its bid Wednesday to delay the eastern-region casino license process until after November’s vote to repeal the state’s expanded gambling law.
Caesars Entertainment is linking — or is it linqing? — its Strip property to its recently opened retail and entertainment plaza .
Gambling revenue in Macau fell 3.7 percent in June on an annual basis, the first decline in more than four years, with analysts saying the soccer World Cup had diverted gamblers and their hefty bets away from the world’s largest casino hub.
David Siegel took the first step toward rebranding his newest Westgate resort Tuesday with a high-altitude assist to change the most visible sign on the property.
The Aria on the Strip has agreed to pay a $100,000 fine for blocking state agents from watching a high-stakes roulette table.