New Jersey News - Page 60
Trump Taj Mahal casino could stay open another year
22 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.
New Jersey may introduce tougher restrictions for online casinos5 December 2014
Assemblyman Ralph. R. Caputo yesterday introduced Bill # 3894 which will require Internet gaming affiliates to be licensed as casinos.
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.”
New Jersey sports betting law blocked24 November 2014
New Jersey back in the trenches again as federal Judge blocks sports betting law.
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.
Editorial: Congress must reverse foolish online poker policy19 November 2014
Prohibition didn’t halt the use of alcohol, it hasn’t reduced demand for illegal drugs, and it hasn’t stopped online poker play.
Betfair moves N.J. online gaming operation to Golden Nugget Atlantic City18 November 2014
Golden Nugget Atlantic City adds second online casino to its Internet gaming permit.
Online poker's Ultimate Gaming folds after 19 months17 November 2014
Ultimate Gaming employees were told of the shutdown Friday morning.
Caesars to trim nationwide workforce by less than 1 percent14 November 2014
The company, which operates nearly 40 casinos in 14 U.S. states and the Canadian province of Ontario, is attempting to restructure its gaming industry-high $22.8 billion debt.
Report: Prearranged bankruptcy for key Caesars unit as soon as January12 November 2014
Caesars has been in private talks with banks and lenders since September with the hopes of restructuring a portion of the debt.
The Reel Life: Wine 'em and dine 'em edition6 November 2014
It always staggers the Reel Life when anyone pays anything over $10 for a bottle of wine. Really, anything over $5 is pricey. Two Buck Chuck, anyone?
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