Bankruptcy | World Casino News

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

August 25, 2016

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

Latest Casino and Gambling News, Las Vegas, 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

2

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

Las Vegas, Latest Casino and Gambling News, 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...

New Jersey decides to take Atlantic City to court as financial crisis increases

Renee Kingsley

April 5, 2016

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

1

New Jersey has tried before to take over the entire financial responsibility of running Atlantic City in an attempt to turn around the financial woes that the city is facing, which has driven it to the verge of...

Assembly speaker urged by Democrats to post Atlantic City bill

Kim M

April 4, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Bankruptcy, New Jersey

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Assembly Speaker Vincent Prieto is being urged by several Democratic state lawmakers to post a bill that would allow a takeover of Atlantic City’s government by the state. This weekend, a letter was sent to ...

Caesars hurt operating company and creditors; Plausible claims of $3.6b to $5.1billion

Lars Jones

March 16, 2016

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

The long awaited report from former Watergate prosecutor, Richard J. Davis on whether Caesars (CEC) TPG LP, and Apollo Global Management hurt their now bankrupt operating unit, Caesars Entertainment Operating ...

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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

New Jersey decides to take Atlantic City to court as financial crisis increases

Assembly speaker urged by Democrats to post Atlantic City bill

Caesars hurt operating company and creditors; Plausible claims of $3.6b to $5.1billion

Rei do Pitaco Joins Brazil’s Regulated Sports Betting Market

Rush Street Interactive Expands Board With Thomas Winter Appointment

Macau Projects MOP240B Casino Revenue for 2025 as Xi Jinping Calls for Diversification

Nevada Revokes Gaming License of Ex-MGM Executive Scott Sibella

Connecticut Sets New Record With $30.3M in Sports Betting Revenue for November