Maryland News - Page 15

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

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.

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 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.

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.

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

MGM National Harbor casino resort has been approved by the Prince George County Council.

Maryland's fifth casino will open on August 26, 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.

Penn National Gaming’s Hollywood Casino at Charles Town Races is feeling the brunt of neighboring Maryland’s gaming expansion, even though the state’s two newest casinos have yet to open.

The stand-alone casino’s banks of 4,300 slot machines were packed with customers. Not all of the 177 table games were in use, but those in service were filled. The 52-table poker room had a waiting list.

Major U.S. cities — including Baltimore, Philadelphia, Detroit and Boston — have used tax dollars associated with gaming, or are considering gaming itself, as a means of economic development.

In the new role, Nikodemus will oversee MGM Resorts’ casino operations in Mississippi, Detroit, and projects planned for Springfield, Mass., and Prince George’s County, Md.

New legislation could see underage gamblers fined.

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