Louisiana News - Page 12

Caesars Entertainment Corp. has made a deal with a group of creditors that would improve their recovery prospects when the bankruptcy reorganization is completed.

Gaming and Leisure Properties, Inc., will acquire nearly all of Pinnacle's real estate properties, and the properties will be spun off into separate property and operating companies.

Caesars Interactive, owner of the World Series of Poker, has surpassed Zynga in terms of social gaming revenue.

Dan Lee, who took over Full House Resorts seven months ago, was recommended for a gaming license by the Nevada Gaming Control Board on Wednesday.

The company will use the money to add a hotel tower and other amenities to its western Louisiana race track casino.

On Monday, Caesars' shares declined 16 percent in the first trading day after Bloomberg News reported a federal judge handed a small victory to creditors seeking to collect $750 million from the casino company's bankrupt operating division.

Senate committee votes down bill that could have allowed Harrah's New Orleans to reduce job numbers.

Casinos redefined under Smoke Free Air Act to include any facility that operates slots, pari-mutuel wagering and off-track wagering.

Dan Lee compared himself to the little boy who came downstairs one Christmas morning hoping to find a pony.

Lake Charles three casinos revenue is soundly up.

Next month, New Orleans will ban smoking in most public venues within Orleans Parish, including bars, hotels, sports stadiums and restaurants. Harrah’s New Orleans is also on the no-smoking list.

In the company’s year-end SEC filing, Caesars said the numerous lawsuits are related to transactions the company has made with its Caesars Entertainment Operating Co., going back to 2010.

The retirement plans were offered by businesses that were subsequently acquired by Harrah’s Entertainment in the company’s 2005 buyout of Caesars Entertainment for $9 billion.

Pinnacle said its net income was $14.5 million, or 24 cents per share, for the quarter ended Dec. 31, down from net income of $14.8 million, or 25 cents per share, a year earlier.

Whether this translates into more dollars in casino drop boxes is still up for debate.

New Orleans Mayor has signed a smoking ban into law today.

It’s abundantly clear Caesars Growth Partners is key to the planned bankruptcy restructuring of overly leveraged affiliate Caesars Entertainment Operating Co.

$700 million Golden Nugget Hotel and Casino Lake Charles is officially open.

The new Golden Nugget Casino in Lake Charles is nearing completion.

On Monday, Caesars said it received a default notice last week from UMB Bank related to its senior-secured notes covering CEOC. Caesars said it “does not believe that a default or an event of default has occurred.”