Atlantic City News - Page 48

A Bankruptcy Court judge has again rejected a sale agreement for the Revel Casino.

National Emergency Grant funded program assists laid-off Atlantic City casino workers with training and employment search.

Two potential buyers were viewing the Revel this weekend in a new twist to the sale saga.

Revel Casino Hotel has again petitioned a Bankruptcy Judge to approve a sale of the property.

The retirement plans were offered by businesses that were subsequently acquired by Harrah’s Entertainment in the company’s 2005 buyout of Caesars Entertainment for $9 billion.

The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.

Caesars Chairman and CEO Gary Loveman said he wouldn’t answer questions regarding the status of the restructuring of Caesars Entertainment Operating Co.

Borgata to build an outdoor entertainment venue and nightclub later this year.

Power company owed millions by bankrupt Revel Casino apply to have property status changed to Chapter 7 from Chapter 11 bankruptcy.

Caesars will continue to manage the properties, which will remain part of the company’s Total Rewards player loyalty program.

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.

If legal sports books pop up in California Indian casinos, for example, would the Strip’s high-end gambling facilities dry up?

A federal judge ruled today that Revel can ditch on its sale deal with Glenn Straub.

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 Hotel will launch online gaming at the end of this month with over 120 slot and table games.

Property developer Glenn Straub's proposed purchase of the Revel Casino Hotel faces court hearing tomorrow.

Gamblers must pay casino winnings back after card deck was not shuffled.

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.

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.

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.