Bankruptcy | World Casino News

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

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 ...

Taj Mahal emerges from bankruptcy

Lars Jones

February 27, 2016

Latest Casino and Gambling News, Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, New Jersey

Friday saw the Trump Taj Mahal Casino in Atlantic City come out of bankruptcy thanks to billionaire investor, Carl Icahn's Icahn Enterprises LP. The property had been in Chapter 11 and Icahn's buyout of the deb...

Taj Mahal takeover could be sidetracked based on Local 54 appeal

Kim M

February 15, 2016

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

If the U.S. Supreme Court is asked by a union to review a case over pension and health benefits rescinded from casino workers, plans for the Trump Taj Mahal to rise from the depths of bankruptcy under new owner...

State takeover of Atlantic City finances proposed by Governor Chris Christie

Sadonna Price

January 27, 2016

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

Atlantic City has been struggling for some time now, with four casinos closing in 2014 and officials of the state trying to determine how to bring the gambling town back to its former glory - or at least save i...

Tinian Dynasty’s petition for bankruptcy dismissed by U.S. Court

Kim M

January 23, 2016

Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Bankruptcy, Fines, Lawsuits & Litigation, Northern Mariana Islands

On January 14 the bankruptcy petition filed by Hong Kong Entertainment Investments Ltd, owner of the Tinian Dynasty Hotel & Casino, was granted dismissal and all other pending motions filed in the case rend...

Judge slams Caesars’ attempt to hide 7 million page investigation; Redacted report to be released by end of Feb

Lars Jones

January 22, 2016

Las Vegas, Latest Casino and Gambling News, Casino News, Bankruptcy, Illinois, Financial Fraud, Nevada, New Jersey

Caesars Entertainment Operating Company, Inc. is looking to cut its debt load of more than $18 billion roughly in half through a Chapter 11 bankruptcy filing. In March 2015 Judge A. Benjamin Goldgar of the U.S....

Atlantic City casino aid package rejected again by Christie

Kim M

January 20, 2016

Casino News, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Economy/Finance, Bankruptcy, New Jersey

A financial assistance package considered essential to help stabilize Atlantic City’s struggling casino market has once again been rejected via “pocket veto” by New Jersey Governor Chris Christie. The measures ...

Appeals court rules in favor of Trump Taj Mahal in worker benefits case

Sadonna Price

January 17, 2016

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

On Friday, an appeals court of Atlantic City ruled in favor of the Trump Taj Mahal Casino, stating the casino was within their legal right to end the pension and health insurance benefits for employees. With th...

Atlantic City following Detroit into fiscal demise? State could take over city

Sadonna Price

January 15, 2016

Casino proposals, Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Bankruptcy, New Jersey

It has been close to five years that efforts to right the listing boat of Atlantic City have gone without success. Soon voters will decide whether to allow gaming outside the city, bankruptcy may become an opti...

Financing woes; Closed Atlantic Club casino back on the market

Lars Jones

January 5, 2016

Latest Casino and Gambling News, Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, New Jersey

The Atlantic Club was the first of four casinos top close-up shop in Atlantic City in 2014 and now plans to turn the property into a water park and recreation center have been put on hold, perhaps permanently. ...

Caesars Entertainment Corp case with bondholders to go to trial

Sadonna Price

January 5, 2016

Latest Casino and Gambling News, U.S.A., Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

Bondholders’ involved in a case against Caesars Entertainment Corp lost the opportunity for an early resolution in a lawsuit after a United States District Judge ruled in the casino’s favor. The case will go to...

Caesars wins a chance to save parent company from bankruptcy

Lars Jones

December 28, 2015

U.S.A., Casino News, Latest Casino and Gambling News, Economy/Finance, Bankruptcy

Caesars Entertainment is teetering on a fall into bankruptcy with every court decision shifting the balance toward demise or recovery. Last week a Chicago appeals court returned the issue to bankruptcy court wh...

Tinian mayor eager to see Tinian Dynasty reopen

Sadonna Price

December 28, 2015

Latest Casino and Gambling News, Bankruptcy

Despite filing bankruptcy earlier this month and repeatedly violating the Fair Labor Standards Act, Tinian Mayor Joey Patrick San Nicolas is hopeful that the Tinian Dynasty Hotel & Casino will open once aga...

Omnibus spending bill kept $1 billion in tax breaks, preserved casino REITs

Lars Jones

December 26, 2015

Casino News, Latest Casino and Gambling News, U.S.A., Las Vegas, Economy/Finance, Taxation, Bankruptcy, Nevada

On December 18 the House and Senate passed a $1.1 trillion omnibus tax & spending bill that averted a shutdown of the US government. President Obama signed it into law the same day. Included in the bill wer...

US federal court issues entry of default vs $2.5m of still-shuttered Tinian Dynasty Casino

Lars Jones

December 25, 2015

Latest Casino and Gambling News, Licenses, Conspiracy, Oceania Casino News, Bankruptcy, Fines, Lawsuits & Litigation, Northern Mariana Islands

Last Friday, Assistant U.S. attorney Russell H. Lorfing requested that the U.S. District Court for the NMI issue a default judgement against Tinian Dynasty as they had failed to contest a forfeiture action on ...

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

Taj Mahal emerges from bankruptcy

Taj Mahal takeover could be sidetracked based on Local 54 appeal

State takeover of Atlantic City finances proposed by Governor Chris Christie

Tinian Dynasty’s petition for bankruptcy dismissed by U.S. Court

Judge slams Caesars’ attempt to hide 7 million page investigation; Redacted report to be released by end of Feb

Atlantic City casino aid package rejected again by Christie

Appeals court rules in favor of Trump Taj Mahal in worker benefits case

Atlantic City following Detroit into fiscal demise? State could take over city

Financing woes; Closed Atlantic Club casino back on the market

Caesars Entertainment Corp case with bondholders to go to trial

Caesars wins a chance to save parent company from bankruptcy

Tinian mayor eager to see Tinian Dynasty reopen

Omnibus spending bill kept $1 billion in tax breaks, preserved casino REITs

US federal court issues entry of default vs $2.5m of still-shuttered Tinian Dynasty Casino

China’s Supreme Court Cracks Down on Cross-Border Gambling Syndicates

Unusual Betting Activity Sparks Investigation Into Eastern Michigan Basketball Games

Virginia Casinos See Big Revenue Gains in 2024, Led by Rivers Casino Portsmouth

PAGCOR Cuts E-Games Fees to Strengthen Legal Market

SJM Resorts announces salary increases for employees in April 2025