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
The Nevada Gaming Commission on Thursday approved casino management company Paragon Gaming to take over operations of Westgate Las Vegas. The takeover will become effective early Monday morning.
As revenue plummets at China’s only legal gambling hub, global casino operators have a new mantra — what happens in Vegas, must also happen in Macau.
A nun-turned-developer was ordered to pay nearly $1 million for lavish spending and for hiring an ex-con known as Frankie the Fish while building a Mississippi casino, a court ruled on Wednesday.
The operating unit of Caesars Entertainment Corp received court approval on Wednesday to remain in control of its bankruptcy for another six months.
Peter Erickson worries a suggested move by the Internal Revenue Service to lower the reporting level for gambling winnings will change his casino habits.
A New Jersey college that bought the closed Showboat Atlantic City from Caesars Entertainment Corp. last year with plans to turn the shuttered casino into a college campus has sued the gaming company for $22 million in damages.
Casino operator Nevada Gold announced late Friday it would acquire the Club Fortune Casino in Henderson.
Builders started pouring the concrete foundation last week for Lucky Dragon, a nine-story, 201-room boutique hotel squeezed between the Golden Steer restaurant and the Allure condominium tower.
A decade ago, activist hedge funds had $10 billion invested in proxy fights that sought to influence board of directors elections, switch out management, or change the financial direction of a business.
On game days for the Real Madrid soccer team, the area surrounding Estadio Santiago Bernabéu is an outdoor festival. Located near the city’s financial district, fans of the club gather with intense passion.
The Teamsters Union said it was suspending a picket line at SLS Las Vegas but threatened to resume the protest if it can’t organize some 50 valet parking employees at the Strip resort.
Caesars Entertainment Corp. is making payments to a portion of the company’s current and former employees who lost a combined $78.6 million in deferred compensation when the casino giant’s largest operating unit filed Chapter 11 bankruptcy in January.
Casino operator Affinity Gaming formally rejected a buyout offer proposed by the company’s largest shareholder, saying the price was too low.
Gaming industry chief lobbyist Geoff Freeman warned Thursday against restricting the use of federal government credit cards in casinos, calling the idea an overreaction to an audit that found thousands of questionable transactions.
A bill backed by the Nevada gaming equipment industry was signed Thursday by Gov. Brian Sandoval and will allow state gaming regulators to adopt rules where slot machines can add a skill-based, arcade-style element to the game.
Stockholders of Pinnacle Entertainment rejected seven proposals offered by hotel and restaurant workers union UNITE HERE that would have changed the regional casino company’s bylaws concerning shareholders rights.
Backed by Las Vegas Sands Corp. Chairman Sheldon Adelson, the bill pending in Congress would end most forms of online betting, including interactive poker in Nevada.
The Teamsters Union set up picket lines at the SLS Las Vegas on Wednesday, complaining the hotel-casino is not allowing its valet parking attendants to form a union.
An offer to acquire all outstanding shares of casino operator Affinity Gaming by its largest shareholder has expired, and the investment firm that made the offer believes the company that owns the Primm resorts and Silver Sevens should be sold.
During the past decade, Penn National Gaming was named as a potential buyer of nearly every Strip resort that was for sale or rumored to be on the market.
New York based Land and Buildings Investment Management ended its proxy fight with MGM Resorts International Tuesday.
Slot machine maker International Game Technology plans to sell its massive corporate Las Vegas campus.