ATLANTIC CITY — Atlantic City’s casino industry saw its operating profits rise in the third quarter of this year, helped by Internet gambling money and the absence of large losses racked up last year by weaker casinos.
Casinos & Gaming
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Caesars Entertainment Corp., which has been embroiled in debt reduction talks with its lenders, said Monday one of its banks had filed a notice of default against the casino operator.
Two analysts support Caesars Entertainment Corp. placing its largest operating division into a real estate investment trust to deal with its gaming industry-high debt load, even though the company might have backed away from the concept.
California is shaping up as the nation’s Internet poker battleground in 2015. Everyone wants a piece of the Golden State’s potentially lucrative pie.
Scientific Games Corp. completed its $5.1 billion acquisition of slot machine giant Bally Technologies on Friday, finalizing the buyout is less than four months.
ALBANY, N.Y. — The decision on where to build casinos in upstate New York will make some developers very happy. For others, it will spell the disappointing end to a long and expensive bid for a piece of the action.
Wynn Resorts Ltd. said it doesn’t believe it is under federal investigation despite published reports the casino operator is being targeted for potential money laundering violations.
A year ago, New York financier Ronald Perelman was adding a slot machine division to his Scientific Games Corp., one the top lottery providers in the U.S.
MGM Resorts International said Thursday it hopes to raise $1 billion in new debt to help pay for some of the development costs surrounding the company’s hotel-casino projects in Massachusetts and Maryland.
BOSTON — The state’s three licensed casino companies voiced strong concerns Thursday about a plan floated by regulators to limit the time and money gamblers spend at casinos.
TRENTON, N.J. — New Jersey could drop its ban on betting on sports entirely, but it cannot legally set conditions as it ends the prohibition, a lawyer for the NCAA and four major sports leagues told a federal judge Thursday.
Caesars Entertainment Corp. is considering placing its largest operating division into a real estate investment trust as a way of dealing with its gaming industry-high debt, according to a filing Wednesday with the Securities and Exchange Commission.
ATLANTIC CITY — As the Trump Taj Mahal casino hurtled toward closing, hundreds of union members marched on Atlantic City’s Boardwalk on Wednesday to denounce billionaire Carl Icahn and his role in its anticipated demise.
ATLANTIC CITY — A Toronto-based company is abandoning its plan to buy the former Revel in Atlantic City, dealing another blow to a city reeling from a string of casino closures and the disappearance of thousands of jobs.
Bally Technologies shareholders approved the company’s $5.1 billion buyout by lottery giant Scientific Games Corp.