Atlantic City News - Page 45
Borgata to develop two entertainment venues to debut in 2015
4 March 2015
Borgata to build an outdoor entertainment venue and nightclub later this year.
Revel bankruptcy: Power company want status changed2 March 2015
Power company owed millions by bankrupt Revel Casino apply to have property status changed to Chapter 7 from Chapter 11 bankruptcy.
Caesars sells 20 percent interest in Ohio casinos27 February 2015
Caesars will continue to manage the properties, which will remain part of the company’s Total Rewards player loyalty program.
Caesars denies another request from second-level bond holder24 February 2015
In a filing with the SEC Monday, Caesars said BOKF N.A. asked for payment on $750 million in debt plus interest. Caesars said it turned down the payment demand.
Inside Gaming: How would legalizing U.S. sports betting change Nevada's industry?23 February 2015
If legal sports books pop up in California Indian casinos, for example, would the Strip’s high-end gambling facilities dry up?
Judge rules Revel deal can be dismissed20 February 2015
A federal judge ruled today that Revel can ditch on its sale deal with Glenn Straub.
Caesars again rebuffs debt holders' request for payment19 February 2015
In a filing Wednesday with the SEC, Caesars dismissed as “meritless” a request from the Wilmington Savings Fund Society for immediate payment of $3.68 billion in principal and $185 million in interest.
Resorts Casino to launch online gaming18 February 2015
Resorts Casino Hotel will launch online gaming at the end of this month with over 120 slot and table games.
Revel deal may die16 February 2015
Property developer Glenn Straub's proposed purchase of the Revel Casino Hotel faces court hearing tomorrow.
Judge says gamblers owe casino winnings after mishap13 February 2015
Gamblers must pay casino winnings back after card deck was not shuffled.
Boyd Gaming narrows net loss in fourth quarter13 February 2015
Boyd Gaming said its net loss for the fourth quarter was $32.4 million, or 29 cents per share. A year ago, the company lost $47.3 million, or 43 cents per share.
Caesars new CEO to earn $1.8 million, eligible for bonus5 February 2015
Mark Frissora can earn up to 150 percent of his base salary in bonus pay, has use of the company aircraft, and will receive “certain relocation benefits” for moving to Las Vegas, the SEC filing said.
Caesars CEO Loveman stepping down in wake of bankruptcy5 February 2015
The change comes less than a month after Caesars placed its largest operating unit into a pre-packaged bankruptcy to eliminate almost $10 billion in debt.
Inside Gaming: Will falling gas prices, rising consumer confidence help regional casinos?2 February 2015
Whether this translates into more dollars in casino drop boxes is still up for debate.
Revel gets break on property tax30 January 2015
Revel reaches property-tax reduction agreement with Atlantic City.
Judge's ruling on Chicago court seen as win for Caesars29 January 2015
Allowing the case to proceed in Chicago is considered a victory for the company and its private equity backers, Apollo Global Management and TPG Capital.
Judge approves Trump loan28 January 2015
Bankruptcy judge approves finance for Taj Mahal to remain open ahead of restructuring.
Casino Control Commission to examine Hard Rock suitability26 January 2015
Suitability meeting to discuss Hard Rock to be held on Thursday.
Inside Gaming: Analysts expect Strip rebound to continue in 201526 January 2015
Analysts believe the Strip will continue its rebound, although gaming won’t be the primary reason.
Wall Street service warns Caesars restructuring will be 'drawn out' process23 January 2015
The efforts by Caesars Entertainment Corp. to restructure 81 percent of its gaming industry-high debt will be a “drawn out” process, a Wall Street ratings service warned investors Thursday.
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