Caesars Entertainment Corp. and representatives of its largest creditor groups struck a deal to fund a reorganization of the casino giant’s bankrupt operating unit, a major step toward ending two years of rancorous court battles that embroiled the company and its controlling shareholders, Apollo Global Management LLC and TPG Capital.
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Casinos & Gaming
A New York firm hopes to be the first in the world to install skill-based slot machines on casino floors in which the main determining factor in how much a player can win is his or her ability to play the game.
A one-stop gambling slot machine that allows players to book a sports bet or print a tax form was unveiled Monday at the Global Gaming Expo.
Inside jobs, chip grab-and-runs and craps cheats are the largest ongoing headaches for casinos and casino regulators. And it’s the most basic scams that can be hardest to catch.
Eldorado Resorts on Monday announced Monday that it expects to invest more than $50 million in facility enhancements to Eldorado Reno, Silver Legacy and Circus Circus Reno.
Ainsworth Game Technology is gearing for this week’s Global Gaming Expo at the Sands Expo and Convention Center, and it’s also opening the doors of its new 291,000-square-foot North American headquarters in Las Vegas to conventioneers.
Caesars Entertainment Corp. said on Monday it remains “optimistic” of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation.
There’s no such thing as a sure bet in the gaming industry but two manufacturers exhibiting at this year’s Global Gaming Expo believe they have the closest thing to it.
Albert “Moky” Faccinto Sr., an early executive of Caesar’s Palace who helped to open the hotel and casino, died Sept. 17 at the age of 91.
Caesars Entertainment Corp. is the closest it’s been to ending two years of rancorous court battles with bondholders over who should pay to fix the casino giant’s insolvent operating unit, which can’t afford to pay almost $20 billion in debt.
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