It’s been a year since American billionaire Sheldon Adelson’s casino company was hacked. Now the blame is officially being placed on Iran.
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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.
Back when Nevada and Atlantic City were the only places in the United States to find casinos, the law firm Lionel Sawyer & Collins ruled the legal roost.
NEW YORK — A failure by ISDA’s Credit Determinations Committee to agree whether Caesars Entertainment entered into a technical default in December has resulted in the convening of an external arbitration panel for the first time in six years, and has added to concerns that credit default swaps have begun to unduly influence lender activity.
The state’s largest casinos lost $743.7 million in the 2014 fiscal year, cutting their losses in half from the previous year.
Atlantic City has endorsed steep budget cuts but rejected the idea of a state-appointed emergency manager as part of the struggling New Jersey gambling hub’s recovery plan.
Caesars Entertainment Corp. said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy.
The American Gaming Association on Tuesday praised UNLV for creating a master’s degree program in gambling law and regulation.
CAMDEN, N.J. — A U.S. bankruptcy judge approved on Monday the sale of the shuttered Revel in Atlantic City to a Florida developer for $95.4 million, a price the buyer said he now doesn’t want to pay.
Shareholders of slot machine developer International Game Technology will vote Feb. 10 on the company’s $6.4 billion merger agreement with lottery provider GTECH Holdings.
Macau’s casino industry suffered its first-ever annual gaming revenue decline in 2014. Casinos collected $44.1 billion, decrease of 2.6 percent.
It’s abundantly clear Caesars Growth Partners is key to the planned bankruptcy restructuring of overly-leveraged affiliate Caesars Entertainment Operating Co., which intends to shed almost $10 billion of the parent company’s industry-leading $22.8 billion debt through reorganization.
Nevada casinos ended three straight months of gaming revenue declines in November. The Strip wasn’t so lucky.
Caesars Entertainment Corp. on Monday said more than 39 percent of its creditors have agreed to a restructuring plan that will eliminate some $10 billion of the casino company’s overall debt through a bankruptcy process and other financial methods.
On paper, it appeared MGM Resorts International lost the construction defect lawsuit over CityCenter’s mistake-riddled Harmon Hotel.
The U.S. Treasury Department’s anti-money laundering unit may soon ask casinos to be on the lookout for illegal sports wagers flowing into the U.S. financial system, according to two sources familiar with the matter.
Caesars Entertainment Corp. and and an affiliate, Caesars Acquisition Co., on Monday announced a plan to merge in an all-stock transaction.
The most recent publicity stunt in the ongoing skirmish between Culinary Local 226 and Station Casinos had a holiday street party feel combined with an arts and crafts project. But when it was over, the union came off looking like an inept comedy team.
Caesars Entertainment Operating Co., the main operating unit of Las Vegas-based Caesars Entertainment Corp , said Friday it would file for Chapter 11 bankruptcy protection by mid-January to cut its burgeoning debt.
The $1.2 billion buyout of slot machine maker Multimedia Games by Global Cash Access was approved Thursday by the Nevada Gaming, which allowed the transaction to clear its final regulatory hurdle.