Atlantic City News - Page 46
Tropicana’s $35 million renovation approved
21 January 2015
CRDA approves $35 million of improvements to Tropicana Casino.
Old school: Takeover of Stardust an easy call for Bill Boyd21 January 2015
Bill Boyd said a 1983 decision to take over management of the troubled Stardust was an easy choice.
Atlantic City revenue dip not as low as predicted16 January 2015
Revenue declined in Atlantic City in 2014, but not as much as expected.
Caesars places largest operating division into bankruptcy15 January 2015
The pre-packaged filing covering Caesars Entertainment Operating Co. has been agreed upon by 80 percent of the company's senior bondholders.
Straub says water park on the cards for Revel9 January 2015
Revel Casino purchaser reveals his plan for a water park attraction.
Revel sale approved5 January 2015
The sale of the Revel has been approved but now faces new challenges from the proposed purchaser.
Major events underscore business news in Las Vegas in 201429 December 2014
Whatever this state does, it does big. When it booms, it leads the nation in growth. When it busts, well — that’s epic, too.
INSIDE GAMING: Deconstructing the Harmon Hotel mess29 December 2014
As 2014 draws to a close, MGM Resorts is on an upswing.
Trump Taj Mahal casino could stay open another year22 December 2014
A one year lifeline could yet be possible for the Trump Taj Mahal, as Icahn offers to invest.
Caesars skips $225 million interest payment16 December 2014
The interest payment, due on second-tier debt covering its Caesars Entertainment Operating Co., business unit, has a 30-day grace period.
Atlantic City revenues both up and down15 December 2014
New Jersey total gaming win up 11.5 percent for November but online gambling revenue down from last month.
Caesars says several creditors leave talks over restructuring debt15 December 2014
Shares of Caesars, traded in Nasdaq, fell $2.03 or 13.66 percent to close at $12.83.
Atlantic City saw $120 million in online gambling revenue12 December 2014
Online gambling has not proved the panacea to Atlantic City's economic woes in its first year.
Many come to bury Caesars, not to praise the casino company3 December 2014
The nation’s largest casino operator is under attack from all fronts as it struggles to restructure its gaming industry-high debt load of $22.8 billion.
Ask the Slot Expert: What happens to the slot machines when a casino closes?3 December 2014
What happened to all of the slot machines from the casinos that closed in Atlantic City?
Borgata Hotel Casino & Spa announces plans for $13 million renovation1 December 2014
Borgata Hotel Casino & Spa today announced details of the $13 million property-wide renovation.
Analyst: Philadelphia doesn't need another casino1 December 2014
Analysts don’t believe a fifth Philadelphia-area casino can thrive in what’s becoming an oversaturated market.
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.
Inside Gaming: Internet poker in California shapes up as coveted prize24 November 2014
Internet gaming proponents think the Golden State will erase doubts about the financial strength of the activity that is burdened by setbacks in New Jersey, Nevada and Delaware.
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