Las Vegas News - Page 264
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.
Wynn Resorts: No federal investigation despite published reports24 November 2014
Wynn Resorts said it doesn’t believe it is under federal investigation despite published reports the casino operator is being targeted for potential money- laundering violations.
Las Vegas officials to make pitch for MLS team20 November 2014
The latest stadium funding proposal calls for the city to contribute $20 million to $25 million for the soccer stadium as part of a package of parks projects of about $50 million.
Wynn Las Vegas and Encore earn top marks in 2015 Corporate Equality Index19 November 2014
Wynn Las Vegas and Encore receive perfect score in report on corporate policies and practices related to LGBT workplace equality.
Editorial: Congress must reverse foolish online poker policy19 November 2014
Prohibition didn’t halt the use of alcohol, it hasn’t reduced demand for illegal drugs, and it hasn’t stopped online poker play.
Thanksgiving-type congestion may become norm for McCarran19 November 2014
Only Chicago’s Midway International Airport has a worse outlook among the nation’s 30 top airports.
Stratosphere parent reverses quarterly loss, grows revenue18 November 2014
American Casino & Entertainment Properties reversed third-quarter net loss and grew revenue 4.1 percent, the company said.
To win locals' hearts, Boyd renews appeal to stomachs18 November 2014
Boyd is planning additional restaurant renovation at the Suncoast, Orleans and other locals properties.
Noise, traffic from events rankle residents near The Linq17 November 2014
The first sign of noise and traffic problems occurred April 4 and 5, when The Linq parking lot was converted into an outdoor venue for the Academy of Country Music (ACM) awards.
Inside Gaming: Decade covering casino industry anything but boring17 November 2014
The past 10 years covering gaming nationally and internationally have been nothing short of a theme park thrill ride that Disney’s greatest designers couldn’t conjure.
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.
Operating income, cash flow recede at Affinity Gaming14 November 2014
The Las Vegas-based company said its corporate expenses grew 128.3 percent as it successfully fought a Colorado casino referendum, hired a new CEO, reconstituted its board and worked to “remediate” a recent data breach.
Jacobson shows consistency during run to WSOP title13 November 2014
Jacobson won the World Series of Poker Main Event on Tuesday night, defeating fellow professional Felix Stephensen at the Rio’s Penn & Teller Theater.
Station Casinos grows third-quarter revenue, cash flow13 November 2014
The casino operator on Wednesday said its overall revenue for the quarter that ended Sept. 30 was $311 million, a 2.1 percent increase and the company’s largest third-quarter figure since 2008.
Report: Prearranged bankruptcy for key Caesars unit as soon as January12 November 2014
Caesars has been in private talks with banks and lenders since September with the hopes of restructuring a portion of the debt.
European domination of WSOP likely to continue12 November 2014
Europeans have one key advantage over their American counterparts: Easy access to online poker.
Watching the November Nine on TV is a surreal experience11 November 2014
While Vin Narayanan and Aaron Todd report on the World Series of Poker Main Event final table live from Las Vegas, Casino City's Dan Podheiser stayed in Boston to watch ESPN's coverage of the November Nine on a 30-minute delay.
Tonking out in fourth, wins $2.8 million at WSOP Main Event11 November 2014
Outside of Mark Newhouse, no one took their exit from the World Series of Poker Main Event final table on Monday night and Tuesday morning harder than William Tonking.
Lone amateur at WSOP final table exits fifth11 November 2014
William Pappaconstantinou (aka, Billy Pappas) was carrying the hopes and dreams of the foosball community, the amateur poker playing community and the greater Boston community on his back at the World Series of Poker Main Event final table on Monday night (and into Tuesday morning).
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