A leading gaming executive was asked on background a few months ago if he understood Caesars Entertainment Corp.’s financial maneuverings to restructure the casino company’s $24.2 billion in long-term debt. He just smiled.
Search results for:
Federal antitrust regulators signed off on Scientific Games Corp.’s $5.1 billion acquisition of the Bally Technologies, the two gaming companies announced Wednesday.
HONG KONG — Galaxy Entertainment, the Macau casino operator that made Lui Che Woo a billionaire, reported second-quarter earnings that beat analyst estimates as mass-market gamblers offset a slowdown in high rollers’ wagers.
MGM Resorts International and the investment arm of company founder Kirk Kerkorian will pay a combined $225,000 to New Jersey gaming regulators as part of an effort for the casino company to regain its Atlantic City gaming license.
ATLANTIC CITY — The troubled Revel in Atlantic City still hopes to auction off its property but needs to close to stop big losses, a lawyer for it said.
CityCenter opened in December 2009 to cost-overruns and a depressed consumer market. MGM Resorts’ stock price was trading in single digits and the company was looking to unload several hotel-casinos to bolster its sagging balance sheet. MGM Resorts’ survival was in doubt — but today it’s a whole new story.
James Packer, CEO of Melbourne-based Crown Resorts Ltd., is forming a company with ex-Wynn Las Vegas President Andrew Pascal and investment firm Oaktree Capital Management to construct a hotel-casino on the 35-acre site where the New Frontier once was.
The SLS Las Vegas is no longer an island. New neighbors are moving into the old neighborhood at the northern end of the Strip.
A $415 million, 18-month transformation complete, the SLS is ready to make a name for itself at the corner of Sahara and the Strip.
ATLANTIC CITY — The $2.4 billion Revel that opened just over two years ago as a hoped-for savior for Atlantic City’s flagging casino industry will close a week earlier than originally planned, the company announced in an email Friday.