Illinois-based investment group Z Capital, which has twice failed to acquire casino operator Affinity Gaming, has made another cash offer to purchase the Las Vegas-based company.
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The developer of the $3.5 billion Baha Mar resort in the Bahamas filed for bankruptcy in the United States on Monday and blamed its Chinese general contractor for missing its completion deadline, costing critical revenue.
In a securities filing, bankrupt Caesars Entertainment Operating Co., said its total revenue during April was $327.8 million, including $239.1 million in casino revenue.