The Mint Casino News

The companies announced they have completed the previously disclosed transaction to sell Harrah's Reno Hotel and Casino to an affiliate of CAI Investments for $41.5 million.

CAI Investments bought the property for $50 million and plans to turn it into a non-gambling resort.

To date, the company has supplied more than 250,000 pounds of food, which is equivalent to approximately 208,000 meals to numerous food banks and charities

The agreement to sell the property is for $50 million to an affiliate of CAI Investments. Caesars will continue to operate the property upon closing of the transaction.

A 7-card straight flush in diamonds did the trick for the lucky player at the Las Vegas Strip casino and paid a whopping $2,330,133.44, the highest amount the progressive jackpot pool has ever seen.

Caesars Entertainment statewide Fortune Pai Gow Poker Progressive jackpot is at its highest ever, $2,157,455 million and growing.

The Nevada statewide Pai Gow Poker progressive jackpot has reached $1.6 million, the highest to date.

The casino operator's new linked table game network of jackpots is the largest in the nation and is minting millionaires across Nevada.

Rob Long, former president and CEO of Bally's and Resorts casinos, has joined the New York casino as general manager, effective immediately.

The company has appointed David Monroe as vice president and general manager of Lakeside Hotel & Casino, where he will oversee all aspects of the property, including day-to-day operations, staffing and guest satisfaction.

Caesars cautioned that the financial statement was unaudited and was prepared "solely for the purpose of complying with the monthly reporting requirements" of the bankruptcy court.

The company said overall revenue increased during the third quarter.

Caesars Entertainment Operating Company, which filed for Chapter 11 bankruptcy reorganization in January, said its net revenue for September was $328.5 million.

The Roman Tower will be upgraded and modernized in time for its 50-year anniversary in 2016.

The extension to the exclusivity date of the reorganization plan would give the company extra time to work out a deal with second-tier lenders.

Caesars said the agreement allows the company to focus on gaining support from the last major debt holder group that has yet to agree on the restructuring plan for Caesars Entertainment Operating Co.

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%.

The beleaguered casino operator filed a statement late on Friday saying it had reached an "amended restructuring support agreement." Its restructuring plans remain the same.

Caesars Entertainment Corp. has made a deal with a group of creditors that would improve their recovery prospects when the bankruptcy reorganization is completed.

Gary Loveman, the former CEO, will stay on as company chairman and oversee the corporation's bankruptcy restructuring.