New Jersey News - Page 59
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 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.
Tropicana’s $35 million renovation approved21 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.
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.
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.
Text for Help program introduced in New Jersey24 December 2014
An innovative "Text for Help" program has been introduction for problem gamblers or anyone facing addiction.
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.
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