Horseshoe Baltimore News - Page 3

Fitch Ratings Service analyst Alex Bumazhny believes the recent growth in regional casino markets masks "secular shifts" that could hold the markets back from real growth.

CEO Mark Frissora says casino operators have "underpenetrated" a tech-savvy, young customer base accustomed to mobile and social gaming.

Including the properties managed under the Caesars Entertainment Operating Company, which is in bankruptcy, the conglomerate would still report a net revenue increase of 8%.

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

The company's gains in revenue were partly attributed to increased volume through Caesars Interactive, the subsidiary that runs the company's World Series of Poker online poker sites.

Caesars Entertainment’s Horseshoe Casino in Baltimore is closing overnight to meet the city’s 10 p.m. curfew prompted by riots related to the death of Freddie Gray.

Two casinos will pay fines for permitting the entry of underage gamblers into their premises.

Horseshoe Casino Baltimore assists state casino revenue numbers for March.

Caesars will continue to manage the properties, which will remain part of the company’s Total Rewards player loyalty program.

Maryland Live! and Horseshoe Casino secure approval to decrease slot numbers and increase table games.

Maryland Live and Horseshoe Baltimore want to trade slot machines for table games.

December 2014 casino revenue increased from December 2013 by 31.7%.

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

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.”

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.

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.

In the quarter that ended Sept. 30, Caesars said its debt was $22.88 billion, down from $24.2 billion at the end of June.

A group of Full House investors, led by former Pinnacle Entertainment CEO Dan Lee, predicts better days for the casino operator if it can remake the board and map out a new direction.

Michael Phelps was allegedly at the Horseshoe Casino Baltimore for 8 hours prior to being arrested for DUI.

Horseshoe Casino Baltimore new presence is being felt by the competition.