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Atlantic City News - Page 48

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Boyd Gaming narrows net loss in fourth quarter

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 bonus

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 bankruptcy

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?

Whether this translates into more dollars in casino drop boxes is still up for debate.

Revel gets break on property tax

Revel reaches property-tax reduction agreement with Atlantic City.

Judge's ruling on Chicago court seen as win for Caesars

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 loan

Bankruptcy judge approves finance for Taj Mahal to remain open ahead of restructuring.

Casino Control Commission to examine Hard Rock suitability

Suitability meeting to discuss Hard Rock to be held on Thursday.

Inside Gaming: Analysts expect Strip rebound to continue in 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' process

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.

Tropicana’s $35 million renovation approved

CRDA approves $35 million of improvements to Tropicana Casino.

Old school: Takeover of Stardust an easy call for Bill Boyd

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 predicted

Revenue declined in Atlantic City in 2014, but not as much as expected.

Caesars places largest operating division into bankruptcy

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 Revel

Revel Casino purchaser reveals his plan for a water park attraction.

Revel sale approved

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 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 mess

As 2014 draws to a close, MGM Resorts is on an upswing.

Trump Taj Mahal casino could stay open another year

A one year lifeline could yet be possible for the Trump Taj Mahal, as Icahn offers to invest.

Caesars skips $225 million interest payment

The interest payment, due on second-tier debt covering its Caesars Entertainment Operating Co., business unit, has a 30-day grace period.

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