Bankruptcy | World Casino News

Caesars offers junior creditors another $1.6b

September 22, 2016

U.S.A., Latest Casino and Gambling News, Gaming Industry News, Bankruptcy, Fines, Lawsuits & Litigation

Caesars Entertainment has updated its initial offer to junior bondholders for another $1.6 billion. With the latest addition to the initial $4 billion, the offer goes over $5 billion; it is, however, valid only...

Caesars mediator resigns from case of operating arm’s bankruptcy

Adam Morgan

September 12, 2016

Latest Casino and Gambling News, North America Casino News, Bankruptcy, Fines, Lawsuits & Litigation

The $18 billion bankruptcy dispute between Caesars Entertainment Operating Company Incorporated and its creditors took another complex turn on Friday after the mediator tasked with resolving the issue resigned ...

Caesars Entertainment Corp gets reprieve till October 5 from bonds amounting to $11 billion

Renee Kingsley

August 31, 2016

Latest Casino and Gambling News, Bankruptcy, Fines, Lawsuits & Litigation

Caesars Entertainment Corp has succeeded in getting a temporary reprieve till October 5 from multiple lawsuits that amount to over $11 billion in claims. U.S. District Judge Robert W. Gettleman decided on Augus...

Prime Minister Christie Says EXIM Bank has signed agreement to complete stalled Baha Mar Casino Resort

Renee Kingsley

August 25, 2016

Latest Casino and Gambling News, Bahamas, Casino project updates, Bankruptcy

Bahamian Prime Minister Perry Christie and his administration had been under tremendous pressure for not being able to complete the stalled $3.5 billion Baha Mar Casino Resort. Christie had continued to promise...

Cal Neva Resort & Casino once owned by Frank Sinatra now in Chapter 11 bankruptcy proceedings

Renee Kingsley

August 6, 2016

Latest Casino and Gambling News, Tribal Gaming, Casino project updates, Casino closures, California, Bankruptcy, Fines, Lawsuits & Litigation

The Cal Neva Resort & Casino has been around for a long time and its ownership has changed hands on numerous occasions over the years. The legendary Frank Sinatra owned the casino during the 60’s before he ...

Carl Icahn to Shutter Trump Taj Mahal after Labor Day

Renee Kingsley

August 4, 2016

Latest Casino and Gambling News, Casino closures, Employment & Careers, Labor Relations, Bankruptcy, New Jersey

Just when gaming analysts were predicting that Atlantic City’s casino woes were witnessing a turn around, billionaire Carl Icahn has announced that he plans to shutdown the iconic Trump Taj Mahal casino after L...

Bahamian Government backs decision over liquidation of the Baha Mar Casino after former Prime Minister levels criticism

Renee Kingsley

July 31, 2016

Latest Casino and Gambling News, China, Casino project updates, Bahamas, Caribbean Casino News, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

1

The Baha Mar Casino and Hotel was the biggest integrated casino resort to be developed in Nassau, Bahamas at an estimated $3.5 billion. The casino resort was initially scheduled to open in 2014 and generate tho...

Owners of famed Cal Neva resort in Lake Tahoe file for bankruptcy

Kim M

July 12, 2016

Latest Casino and Gambling News, Casino project updates, Bankruptcy, Nevada

After years of failed renovation efforts and bankruptcy problems, the owners of North Lake Tahoe’s most famed resort, Cal Neva Lodge & Casino, filed for bankruptcy on June 10, 2016. The resort and casino...

Caesars wins temporary reprieve from creditors

Adam Morgan

June 18, 2016

Las Vegas, Latest Casino and Gambling News, Economy/Finance, Bankruptcy

A Chicago judge has granted global casino operator Caesars Entertainment Corporation a temporary reprieve from court actions brought by shareholders of its bankrupt operating arm. Las Vegas-based Caesars Ent...

Caesars bankruptcy talks reach deadlock

Adam Morgan

June 11, 2016

Latest Casino and Gambling News, Gaming Industry News, Bankruptcy, Fines, Lawsuits & Litigation

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A mediator brought in to negotiate talks between global casino operator Caesars Entertainment Corporation and second-lien creditors of its bankrupt operating arm has announced that the process is now deadlocked...

Caesars’ casino REIT plan opposed by U.S. lawmakers

Kim M

June 2, 2016

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

Treasury Secretary Jacob Lew was urged by U.S. Congress members to deny a favorable tax ruling to Caesars Entertainment Corp (NASDAQ: CZR) relating to the plan by the casino operator to create a casino operator...

Decision facing Supreme Court; asked to rule on Trump casino bankruptcy

Kim M

May 31, 2016

Latest Casino and Gambling News, Bankruptcy, Fines, Lawsuits & Litigation, New Jersey

Whether or not to restore the pension and health benefits of more than 1,000 casino workers at the Trump Taj Mahal in Atlantic City is the decision the Supreme Court is being asked to make in the ongoing bankru...

Caesars reportedly considering $4b offers for Caesars Interactive Entertainment

Kim M

May 15, 2016

Latest Casino and Gambling News, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

Faced with the possibility of being forced into Chapter 11 bankruptcy, Caesars Entertainment Corp (NASDAQ: CZR) is considering selling its interactive unit, which is one of the company’s few branches that is ac...

Caesars Entertainment Corp hires new restructuring officer; Warns of Chapter 11

Sadonna Price

May 7, 2016

Latest Casino and Gambling News, U.S.A., Bankruptcy

On Friday, Caesars Entertainment Corp (NASDAQ: CZR) announced that retired bankruptcy judge Robert Gerber has been appointed to the newly created position of chief restructuring officer. Reuters reports that th...

Christie says Atlantic City’s debt payments wouldn’t be made by him

Kim M

April 7, 2016

Latest Casino and Gambling News, Economy/Finance, Bankruptcy, New Jersey

With Atlantic City’s May bond payment looming, New Jersey Governor Chris Christie won’t intervene as the once thriving gambling mecca inches closer to financial ruin and a takeover bill gathers dust in the stat...

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Caesars offers junior creditors another $1.6b

Caesars mediator resigns from case of operating arm’s bankruptcy

Caesars Entertainment Corp gets reprieve till October 5 from bonds amounting to $11 billion

Prime Minister Christie Says EXIM Bank has signed agreement to complete stalled Baha Mar Casino Resort

Cal Neva Resort & Casino once owned by Frank Sinatra now in Chapter 11 bankruptcy proceedings

Carl Icahn to Shutter Trump Taj Mahal after Labor Day

Bahamian Government backs decision over liquidation of the Baha Mar Casino after former Prime Minister levels criticism

Owners of famed Cal Neva resort in Lake Tahoe file for bankruptcy

Caesars wins temporary reprieve from creditors

Caesars bankruptcy talks reach deadlock

Caesars’ casino REIT plan opposed by U.S. lawmakers

Decision facing Supreme Court; asked to rule on Trump casino bankruptcy

Caesars reportedly considering $4b offers for Caesars Interactive Entertainment

Caesars Entertainment Corp hires new restructuring officer; Warns of Chapter 11

Christie says Atlantic City’s debt payments wouldn’t be made by him

Tulalip Resort Casino Nears Major Expansion Milestone, Full Renovation by 2026

House Passes Bill H.R.1479 for Upfront Hotel Pricing to Curb Hidden Fees; Advances to Senate

Macau April GGR MOP$18.9 Billion, Slight Year-On-Year Increase “Better Than Expected”

Coates Family Weighs £9B Bet365 Sale Amid Global Strategy Shift

Albay Governor Grex Lagman Dismissed from Office Over Jueteng Allegations in Philippines