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...
Financing woes; Closed Atlantic Club casino back on the market Lars Jones Latest Casino and Gambling NewsCasino NewsEconomy/FinanceMergers, Acquisitions & PartnershipsBankruptcyNew Jersey January 5, 2016 0The Atlantic Club was the first of four casinos top close-up shop in Atlantic City in 2014 and now plans...
Caesars Entertainment Corp case with bondholders to go to trial Sadonna Price Latest Casino and Gambling NewsU.S.A.Economy/FinanceBankruptcyFines, Lawsuits & Litigation January 5, 2016 0Bondholders’ involved in a case against Caesars Entertainment Corp lost the opportunity for an early resolution in a lawsuit after...
Caesars wins a chance to save parent company from bankruptcy Lars Jones Latest Casino and Gambling NewsU.S.A.Casino NewsEconomy/FinanceBankruptcy December 28, 2015 0Caesars Entertainment is teetering on a fall into bankruptcy with every court decision shifting the balance toward demise or recovery....
Tinian mayor eager to see Tinian Dynasty reopen Sadonna Price Latest Casino and Gambling NewsBankruptcy December 28, 2015 0Despite filing bankruptcy earlier this month and repeatedly violating the Fair Labor Standards Act, Tinian Mayor Joey Patrick San Nicolas...
Omnibus spending bill kept $1 billion in tax breaks, preserved casino REITs Lars Jones Latest Casino and Gambling NewsU.S.A.Las VegasCasino NewsEconomy/FinanceTaxationBankruptcyNevada December 26, 2015 0On December 18 the House and Senate passed a $1.1 trillion omnibus tax & spending bill that averted a shutdown...
US federal court issues entry of default vs $2.5m of still-shuttered Tinian Dynasty Casino Lars Jones Latest Casino and Gambling NewsLicensesOceania Casino NewsConspiracyBankruptcyFines, Lawsuits & LitigationNorthern Mariana Islands December 25, 2015 0Last Friday, Assistant U.S. attorney Russell H. Lorfing requested that the U.S. District Court for the NMI issue a default judgement...
Tinian Dynasty owner files for bankruptcy, plans to reopen Lars Jones Latest Casino and Gambling NewsCasino NewsWorld Casino NewsLicensesBankruptcyNorthern Mariana Islands December 15, 2015 0A week ago it was announced and confirmed that Tinian Dynasty Casino in the Commonwealth of Northern Mariana Islands (CMNI)...
Chinese company takes first position on Baha Mar with $50m finance deal Lars Jones Latest Casino and Gambling NewsCasino NewsChinaNew HotelsCasino project updatesBahamasEconomy/FinanceMergers, Acquisitions & PartnershipsBankruptcy December 7, 2015 3China Harbour Engineering Company (CHEC) has financed the bank-appointed receivers of Baha Mar Resort, Deloitte & Touche, with $50 million as...
Sun City, Mohegan Sun founder Kerzner may take over Baha Mar Lars Jones Latest Casino and Gambling NewsCasino NewsChinaNew HotelsCasino project updatesBahamasEconomy/FinanceMergers, Acquisitions & PartnershipsBankruptcy November 14, 2015 0The $3.5 billion Baha Mar Resort in the Bahamas was so close to opening in March that people were booking...