JACKSON, Miss. — The owner of Biloxi’s Margaritaville casino has filed for Chapter 11 bankruptcy protection Tuesday, only hours before a hearing where the landlord aimed to seize the property.
Casinos & Gaming
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The Klondike Sunset in Henderson is changing hands eight months after its owner died, and it may be about a year before its doors are reopened.
Wynn Resorts has bested Mohegan Sun for the lucrative Boston-area casino license, based largely on the strength of its $1.6 billion project’s economic development potential.
Boyd Gaming Corp. said Tuesday chief operating officer Paul Chakmak was leaving the casino company.
ATLANTIC CITY — Trump Plaza closed its doors early Tuesday, the fourth Atlantic City casino to go belly-up so far this year.
BOSTON — Wynn Resorts appears to have a strong advantage over Mohegan Sun in the fierce competition for the Boston-area casino license, even as the Las Vegas gambling giant pushes back against some requirements state regulators are seeking to impose if it is to win the license.
CAMDEN, N.J. — A bankruptcy court judge on Monday approved a Sept. 24 auction for the failed $2.4 billion Revel in Atlantic City after a Florida developer offered $90 million cash for the closed building.
Station Casinos has joined MGM in signing on with the myVegas social gaming site.
NEW YORK — Do you leave a tip in your hotel room for the maid? Marriott is launching a program with Maria Shriver to put envelopes in hotel rooms to encourage tipping.
The outlook for U.S. slot machine industry continues to be bleak. Analysts said this month the replacement market — in which slot machine manufacturers sell casinos newer games to change out older products — has fallen from previous estimates.
ATLANTIC CITY — Don Guardian won election as mayor of this seaside city last year by telling voters that fixing a government budget crisis requires a three-year-to-four-year plan.
ATLANTIC CITY — Caesars Entertainment Corp. said Friday it would begin discussions with its senior bondholders in efforts to restructure the largest portions of the company’s gaming industry-high $24.2 billion debt.
The Gaming Control Board has approved an application by the owners of Paragon Gaming to receive a percentage of gaming revenue generated at the Riviera, where the company took over operations last year.
ATLANTIC CITY, N.J. — Atlantic City’s Revel casino-hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, a fraction of the billions of dollars it cost to build.
ATLANTIC CITY — Struggling U.S. gaming markets must broaden their appeal or prepare to for the same fate as this troubled seaside community, New Jersey’s top gaming regular said Tuesday.