Maryland News - Page 14
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 Caesars31 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 mess29 December 2014
As 2014 draws to a close, MGM Resorts is on an upswing.
Maryland Casinos generate $90.2 million in revenue during November8 December 2014
November 2014’s combined statewide revenue totaled $90,170,865.
MGM Resorts raises $1.15 billion of new debt26 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 REIT24 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 debt21 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 percent14 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 Q311 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 House29 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 arrest3 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 Live26 September 2014
Horseshoe Casino Baltimore new presence is being felt by the competition.
Horseshoe Casino Baltimore celebrates grand opening27 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 unimpressed20 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 International18 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 casinos6 August 2014
Maryland sees rosy results year-on-year for July with almost a ten percent increase in revenue.
Construction to begin on MGM National Harbor in coming weeks21 July 2014
MGM National Harbor casino resort has been approved by the Prince George County Council.
Horseshoe casino to open Aug. 2628 June 2014
Maryland's fifth casino will open on August 26, 2014.
POKER NIGHT IN AMERICA returns to Maryland Live!12 June 2014
By popular demand, the new television series POKER NIGHT IN AMERICA returns to Maryland Live! Casino to film another round of invitation-only cash game sessions set to air this fall on Comcast Sportsnet Mid Atlantic.
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