Decision facing Supreme Court; asked to rule on Trump casino bankruptcy Kim M Latest Casino and Gambling NewsBankruptcyFines, Lawsuits & LitigationNew Jersey May 31, 2016 0Whether or not to restore the pension and health benefits of more than 1,000 casino workers at the Trump Taj...
Caesars reportedly considering $4b offers for Caesars Interactive Entertainment Kim M Latest Casino and Gambling NewsEconomy/FinanceBankruptcyFines, Lawsuits & Litigation May 15, 2016 0Faced with the possibility of being forced into Chapter 11 bankruptcy, Caesars Entertainment Corp (NASDAQ: CZR) is considering selling its interactive...
Caesars Entertainment Corp hires new restructuring officer; Warns of Chapter 11 Sadonna Price Latest Casino and Gambling NewsU.S.A.Bankruptcy May 7, 2016 0On Friday, Caesars Entertainment Corp (NASDAQ: CZR) announced that retired bankruptcy judge Robert Gerber has been appointed to the newly created...
Christie says Atlantic City’s debt payments wouldn’t be made by him Kim M Latest Casino and Gambling NewsEconomy/FinanceBankruptcyNew Jersey April 7, 2016 0With Atlantic City’s May bond payment looming, New Jersey Governor Chris Christie won’t intervene as the once thriving gambling mecca...
New Jersey decides to take Atlantic City to court as financial crisis increases Renee Kingsley Latest Casino and Gambling NewsGaming Law & LegislationBankruptcyFines, Lawsuits & LitigationNew Jersey April 5, 2016 1New Jersey has tried before to take over the entire financial responsibility of running Atlantic City in an attempt to...
Assembly speaker urged by Democrats to post Atlantic City bill Kim M Latest Casino and Gambling NewsGaming Law & LegislationBankruptcyNew Jersey April 4, 2016 1Assembly Speaker Vincent Prieto is being urged by several Democratic state lawmakers to post a bill that would allow a...
Caesars hurt operating company and creditors; Plausible claims of $3.6b to $5.1billion Lars Jones Latest Casino and Gambling NewsNorth America Casino NewsEconomy/FinanceBankruptcyFines, Lawsuits & Litigation March 16, 2016 0The long awaited report from former Watergate prosecutor, Richard J. Davis on whether Caesars (CEC) TPG LP, and Apollo Global...
Taj Mahal emerges from bankruptcy Lars Jones Latest Casino and Gambling NewsCasino NewsEconomy/FinanceMergers, Acquisitions & PartnershipsBankruptcyNew Jersey February 27, 2016 0Friday saw the Trump Taj Mahal Casino in Atlantic City come out of bankruptcy thanks to billionaire investor, Carl Icahn’s Icahn Enterprises...
Taj Mahal takeover could be sidetracked based on Local 54 appeal Kim M Latest Casino and Gambling NewsBankruptcyFines, Lawsuits & LitigationNew Jersey February 15, 2016 0If the U.S. Supreme Court is asked by a union to review a case over pension and health benefits rescinded...
State takeover of Atlantic City finances proposed by Governor Chris Christie Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceBankruptcyNew Jersey January 27, 2016 0Atlantic City has been struggling for some time now, with four casinos closing in 2014 and officials of the state...
Tinian Dynasty’s petition for bankruptcy dismissed by U.S. Court Kim M Latest Casino and Gambling NewsCasino NewsWorld Casino NewsGaming Industry NewsBankruptcyFines, Lawsuits & LitigationNorthern Mariana Islands January 23, 2016 0On January 14 the bankruptcy petition filed by Hong Kong Entertainment Investments Ltd, owner of the Tinian Dynasty Hotel &...
Judge slams Caesars’ attempt to hide 7 million page investigation; Redacted report to be released by end of Feb Lars Jones Latest Casino and Gambling NewsLas VegasCasino NewsBankruptcyIllinoisFinancial FraudNevadaNew Jersey January 22, 2016 0Caesars Entertainment Operating Company, Inc. is looking to cut its debt load of more than $18 billion roughly in half...
Atlantic City casino aid package rejected again by Christie Kim M Latest Casino and Gambling NewsCasino NewsNorth America Casino NewsGaming Industry NewsEconomy/FinanceBankruptcyNew Jersey January 20, 2016 0A financial assistance package considered essential to help stabilize Atlantic City’s struggling casino market has once again been rejected via...
Appeals court rules in favor of Trump Taj Mahal in worker benefits case Sadonna Price Latest Casino and Gambling NewsLabor RelationsBankruptcyFines, Lawsuits & LitigationNew Jersey January 17, 2016 0On Friday, an appeals court of Atlantic City ruled in favor of the Trump Taj Mahal Casino, stating the casino...
Atlantic City following Detroit into fiscal demise? State could take over city Sadonna Price Latest Casino and Gambling NewsGaming Law & LegislationCasino proposalsEconomy/FinanceBankruptcyNew Jersey January 15, 2016 0It has been close to five years that efforts to right the listing boat of Atlantic City have gone without...