The initial phase of the $3.5 billion Baha Mar resort in the Bahamas will open March 27.
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Illinois private equity firm Z Capital Partners, the largest shareholder in casino operator Affinity Gaming, has increased its ownership stake in the company whose holdings include the three Primm resorts and the off-Strip Silver Sevens.
Back when Nevada and Atlantic City were the only places in the United States to find casinos, the law firm Lionel Sawyer & Collins ruled the legal roost.
Caesars Entertainment Corp. said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy.
The state’s largest casinos lost $743.7 million in the 2014 fiscal year, cutting their losses in half from the previous year.
NEW YORK — A failure by ISDA’s Credit Determinations Committee to agree whether Caesars Entertainment entered into a technical default in December has resulted in the convening of an external arbitration panel for the first time in six years, and has added to concerns that credit default swaps have begun to unduly influence lender activity.
Atlantic City has endorsed steep budget cuts but rejected the idea of a state-appointed emergency manager as part of the struggling New Jersey gambling hub’s recovery plan.
The American Gaming Association on Tuesday praised UNLV for creating a master’s degree program in gambling law and regulation.
CAMDEN, N.J. — A U.S. bankruptcy judge approved on Monday the sale of the shuttered Revel in Atlantic City to a Florida developer for $95.4 million, a price the buyer said he now doesn’t want to pay.
Shareholders of slot machine developer International Game Technology will vote Feb. 10 on the company’s $6.4 billion merger agreement with lottery provider GTECH Holdings.