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.
On paper, it appeared MGM Resorts International lost the construction defect lawsuit over CityCenter’s mistake-riddled Harmon Hotel.
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.
In Macau, there are spectacular images of the city’s downtown Peninsula skyline from the Ruins of St. Paul. Above the church site is Mount Fortress, built by Jesuits to protect the Portuguese colony. The crumbled buildings and cannons serve as a metaphor for the current state of the Chinese gaming enclave.
When he appears at the Nevada Gaming Commission Thursday, Sam Nazarian — the visionary behind SLS Las Vegas — should accept the Dec. 3 recommendation by the Gaming Control Board for a one-year limited gaming license.
California’s latest effort to legalize online poker would sideline PokerStars, shut out the racetrack industry, and offer a twist that makes traditional casinos and card rooms part of the game.
The irony was not lost on Gavin Isaacs. On Nov. 21, 2013, Gavin Isaacs watched as SHFL entertainment, where he was CEO for 32 months, was sold to slot machine giant Bally Technologies — his former employer — for $1.3 billion. The next day, Isaacs was out of work.
Caesars Entertainment, the nation’s largest casino operator with almost 40 properties in 14 U.S. states and the Canadian province of Ontario, is under attack as it struggles to restructure its gaming industry-high debt load of $22.8 billion.
Pennsylvania gaming regulators this month drove another nail into the coffin containing Atlantic City’s gaming market. At the same time, they unwittingly damaged their own state’s casino industry.
A congressional hearing on a bill to restore the Interstate Wire Act has lost steam in the current lame-duck session.