Maryland News - Page 14

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Golden Gaming to merge with Lakes Entertainment, acquire Maryland casino

28 January 2015

The newly named company will be called Golden Entertainment and will be traded on the Nasdaq replacing Lakes' current listing.

Horseshoe, Maryland Live casinos seek changes in slot machine numbers

21 January 2015

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

Wicomico county resident wins $607,739 IGT MegaHits Jackpot at Casino at Ocean Downs

19 January 2015

Maryland woman recently hit it big when she scored a $607,739 jackpot on the Megablast MegaHits machine at the Casino at Ocean Downs.

Maryland Casinos generate $85.6 Million in revenue during December

7 January 2015

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

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.

INSIDE GAMING: Deconstructing the Harmon Hotel mess

29 December 2014

As 2014 draws to a close, MGM Resorts is on an upswing.

Maryland Casinos generate $90.2 million in revenue during November

8 December 2014

November 2014’s combined statewide revenue totaled $90,170,865.

MGM Resorts raises $1.15 billion of new debt

26 November 2014

The casino operator said the funds will be used primarily for development costs surrounding the company’s casino projects in Massachusetts and Maryland.

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.

MGM Resorts seeking to raise $1 billion in new debt

21 November 2014

The company, which already carries $11.7 billion in long-term debt, said the new debt would come due in 2023.

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.

Caesars Entertainment posts $908.1 million loss in Q3

11 November 2014

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.

Timing right for suitors to pursue Full House

29 October 2014

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.

Phelps allegedly visited casino before DUI arrest

3 October 2014

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

Horseshoe Casino presence felt by Maryland Live

26 September 2014

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

Horseshoe Casino Baltimore celebrates grand opening

27 August 2014

Horseshoe Casino Baltimore celebrated its grand opening in style with a star-studded celebration to welcome Baltimore's most influential citizens to Charm City's newest attraction.

Caesars works to upgrade balance sheet, but analysts unimpressed

20 August 2014

Caesars struck a deal with several investment groups to trim $548 million in debt off Caesars Entertainment Operating Co., the most heavily indebted of Caesars three business units.

Turnaround story unfolds for MGM Resorts International

18 August 2014

Following the company’s release of second-quarter earnings this month — a profit of $105.5 million on revenue of $2.6 billion — the investment community praised the company and lauded expansion opportunities in the U.S. and Macau.

Rosy rise in revenue for Maryland's four casinos

6 August 2014

Maryland sees rosy results year-on-year for July with almost a ten percent increase in revenue.

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