Caesars Entertainment Corp. asked a federal bankruptcy judge Thursday to extend the exclusivity date on the reorganization plan for its largest operating division to March 15.
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Casinos & Gaming
Scientific Games Corp. said Monday a second quarter net loss of $102.2 million was the result of costs and charges associated with the company's acquisition and integration of slot machine manufacturers WMS Gaming and Bally Technologies in the past 24 months.
Creditors owed billions by Caesars Entertainment Corp.'s largest operating division will control the board of the planned real estate investment trust the company plans to set up through a bankruptcy court-administered reorganization.
Macau gaming revenue fell 34.5 percent in July, the Chinese casino market's 14th straight monthly decline and the sixth straight month the region has experienced drops of 30 percent or higher.
Golden Gaming's $341 million merger with Minnesota-based Lakes Entertainment was finalized Monday, creating a publicly traded casino, tavern and slot machine route operation with business interests in Nevada and Maryland.
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.
Regional casino operator Penn National Gaming said Friday it was acquiring an Illinois-based slot machine route operator for an undisclosed price that will give the company ownership of more than 1,100 slot machines in 270 locations around the state.
Regional casino operator Pinnacle Entertainment reversed a net loss in the second quarter, crediting results from the Las Vegas-based company's Midwest properties.
Gaming and Leisure Properties grew revenue 1.9 percent in the third quarter but saw a slight dip in profits.
It might not be drawing all the publicity as its neighboring arena project on the Strip, but the new park under construction next to New York-New York that will lead people from the Strip to the $375 million arena is showing its first green signs.
Macau's slumping casino market contributed to a 72 percent decline in profits at Wynn Resorts Ltd. in the second quarter.
The bankruptcy judge overseeing the reorganization of Caesars Entertainment's largest division said Wednesday the company could not pursue a fast appeal to his ruling that allows bondholder lawsuits to proceed.
Two Wall Street analysts said in research notes Wednesday that MGM Resorts International may be considering selling The Mirage to focus on other development aspects for the Strip casino giant.
Leading Las Vegas sports bettor Glen Cobb was sentenced to one year of probation Tuesday for his role in what federal prosecutors alleged was a multimillion-dollar illegal gambling operation.
Baccarat results on the Strip sunk statewide gaming revenue in June.
Global Cash Access, which provides financial transaction equipment to the casino industry, grew revenue 42 percent in the second quarter to $206.4 million, thanks to its purchase of slot machine maker Multimedia Games at the end of last year.
First he developed the employment website Jobbi in 2007. Now, Lawrence Vaughan, 30, is out to change the way people play poker as the co-founder of Real Gaming.
The opening of the $250 million Plainridge Park Casino last month wasn’t exactly the grand unveiling Massachusetts gaming backers envisioned more than four years ago.
There is a reason Nevada’s gaming industry has avoided getting involved in the estimated $15 billion a year online fantasy sports business. Most — but not all — believe the growing activity constitutes unregulated gambling.
Mitch Garber has turned Caesars Interactive into a social gaming giant. After having zero cash flow from social gaming in 2010, the balance sheet may show some $250 million in cash flow this year.
The D Las Vegas’ owner took to social media Wednesday saying the Blarney Stone had been stolen from its display on the casino’s second floor.
Caesars Entertainment Corp.’s bankrupt operating division recorded a net income of $24.9 million during May, according to a securities filing.
Nevada gaming regulators on Wednesday tentatively approved the $341 million merger of slot machine route giant Golden Gaming with casino operator Lakes Entertainment, turning the family owned business into a publicly traded company.