New Jersey News - Page 56

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Judge rules Revel deal can be dismissed

20 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 payment

19 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 gaming

18 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 die

16 February 2015

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

Inside Gaming: Online lotteries flourish after 2011 change in Wire Act

16 February 2015

A study released this month by GamblingCompliance.com found Internet lottery is expanding on a much faster pace than Internet casino gaming.

Judge says gamblers owe casino winnings after mishap

13 February 2015

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

Boyd Gaming narrows net loss in fourth quarter

13 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 bonus

5 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 bankruptcy

5 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 tax

30 January 2015

Revel reaches property-tax reduction agreement with Atlantic City.

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

29 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 loan

28 January 2015

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

Casino Control Commission to examine Hard Rock suitability

26 January 2015

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

Inside Gaming: Analysts expect Strip rebound to continue in 2015

26 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' process

23 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.

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 Boyd

21 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 predicted

16 January 2015

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

Casino City Gang: Is it clean yet?

15 January 2015

Casino City's Vin Narayanan and Aaron Todd examine the burgeoning debate on whether betting on fantasy sports is gambling or not, Amaya Gaming's decision to look at possibly selling its B2B business and the WSOP and 888 sharing player liquidity in New Jersey. They also pick the NFC and AFC championship games as the NFL season winds down.

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