Louisiana News - Page 12

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Inside Gaming: New Orleans readies smoking ban, but it won't happen here

18 March 2015

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.

Caesars says lawsuits raise 'going concern' doubts

18 March 2015

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.

Caesars attorney says company 'looking seriously' at lost pension payments

12 March 2015

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.

Profits decline slightly for Pinnacle in the fourth quarter

13 February 2015

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.

Inside Gaming: Will falling gas prices, rising consumer confidence help regional casinos?

2 February 2015

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

New Orleans Mayor signs smoking ban into law

30 January 2015

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

Inside Gaming: The shape of things to come for Caesars

31 December 2014

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

Golden Nugget Lake Charles now open

8 December 2014

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

Golden Nugget Lake Charles near complete

3 December 2014

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

Caesars calls latest default notice 'meritless'

25 November 2014

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.”

Analysts favor Caesars move to put key unit into REIT

24 November 2014

Fitch Ratings Service said in a report, however, the spinoff won’t prevent Caesars from having to go through bankruptcy reorganization to restructure its $22.8 billion debt.

Caesars to trim nationwide workforce by less than 1 percent

14 November 2014

The company, which operates nearly 40 casinos in 14 U.S. states and the Canadian province of Ontario, is attempting to restructure its gaming industry-high $22.8 billion debt.

Pinnacle increases quarterly revenues, trims net loss

25 July 2014

Pinnacle’s net revenue grew 108 percent to $555.2 million.

Louisiana may tap gambler winnings for debts

27 June 2014

Gov. Bobby Jindal signs House Bill 236 into law permitting the state to recover money owed to it from gambler's winnings.

Caesars completes sale of Harrah's New Orleans

22 May 2014

The transaction was approved Monday.

Revenue down overall in New Orleans

21 May 2014

Harrah's casino saw its revenue rise in April, but it was not the same story across New Orleans other gambling venues.

Horseshoe Casino to open $4 million DARE Pool

5 May 2014

The DARE pool has a Las Vegas theme, complete with cabanas, palm trees, an outdoor stage for DJs and performers, and full service outdoor bar and lounge. The grand opening ceremony is set for 9 a.m., Friday, June 6.

Lucky Player hits jackpot at Eldorado Resort Casino in Shreveport, LA

28 April 2014

The lucky player was caught by surprise with a life-changing $1,034,027.50 jackpot at Eldorado Resort Casino in Shreveport, LA.

Gaming regulators OK Caesars plan to sell resorts to affiliate

21 March 2014

The deal is akin to a transfer of assets from the parent company to a business that was created last year to help the world’s largest casino operator expand its presence while dealing with its gaming industry-high $23 billion of long-term debt.

Caesars Entertainment reports $1.756 billion in quarterly loss on Atlantic City weakness

12 March 2014

Caesars Entertainment Corp. said Wednesday it lost $1.756 billion in the fourth quarter.

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