Standard & Poor’s rating services 0n Tuesday lowered its corporate credit ratings on Caesars Entertainment Corp., painting a dire picture for the casino company that carries a gaming industry-high $23 billion in long-term debt.
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Word is that the U.S. Treasury Department may soon require the casino industry to report the source of gambling funds used by their big spending high-rollers. The move is part of a stepped-up federal effort to crack down on money laundering.
Las Vegas-based CG Technology announced an agreement Monday that will license the company’s sports wagering products with one of Mexico’s leading casino operators.