Caesars Entertainment Corp. is close to winning support from a group of its highest-ranking lenders for a restructuring of its biggest unit, a deal that would help ease the company’s path in bankruptcy, according to three people with knowledge of the discussions.
In its final quarter under the ownership of Deutsche Bank, the Cosmopolitan of Las Vegas grew net revenue 13.2 percent, which included a nearly 31 percent increase in casino revenue.
Casino operator Affinity Gaming ended 2014 on a positive note, growing both revenue and cash flow for the three-month period that ended Dec. 31.
A former Station Casinos employee was sentenced to 366 days in federal prison Thursday for tax evasion related to a scheme to accept under-the-table payments related to his job.
Caesars Entertainment Corp. General Counsel Tim Donovan said Thursday the company asked its bankruptcy lawyers about finding a way to make pension payments to 63 former employees whose checks were halted in the reorganization of its largest operating division, but the idea was rejected.
The operator of the Stratosphere and the two Arizona Charlie’s properties reversed a net loss and grew revenue in the fourth quarter.
The Culinary and Bartenders unions said Thursday a tentative contract agreement covering 4,000 workers at the MGM Grand Las Vegas had been reached with the Strip resort.
Nevada and Delaware formally launched their online poker network Wednesday, connecting players between the two states.
Members of Congress on Wednesday wrestled with a bill that seeks to ban legalized gambling on the Internet and roll it back in the few states — including Nevada — where it has been approved in some form.
Elaine Wynn was asked Wednesday why she undertook a costly and nasty proxy fight to regain her seat on the Wynn Resorts Ltd. board of directors. Instead of answering directly, she refocused the question. “Maybe that’s something you should ask the company,” Wynn, 72, said.
