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Chinese company takes first position on Baha Mar with $50m finance deal

December 7, 2015

Casino News, Latest Casino and Gambling News, China, New Hotels, Bahamas, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy

3

China Harbour Engineering Company (CHEC) has financed the bank-appointed receivers of Baha Mar Resort, Deloitte & Touche, with $50 million as a preferred lender, moving to the top of the queue to be repaid,...

Sun City, Mohegan Sun founder Kerzner may take over Baha Mar

Lars Jones

November 14, 2015

Casino News, Latest Casino and Gambling News, China, New Hotels, Casino project updates, Bahamas, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy

The $3.5 billion Baha Mar Resort in the Bahamas was so close to opening in March that people were booking rooms. However disputes between the developer, contractor, and financier resulted in a construction slow...

Caesars upbeat; cites Cherokee Valley River and new social environments for millennials

Lars Jones

November 12, 2015

Casino News, Latest Casino and Gambling News, Tribal Gaming, Las Vegas, Economy/Finance, Bankruptcy, Nevada, North Carolina

1

Caesars Entertainment Corp. took more than a three-quarter billion dollar hit on their third quarter financials due to costs associated with the restructuring of a bankrupt subsidiary, promising nearly $1 billi...

December 15th Deadline to be missed by Examiner investigating Caesars restructuring efforts

Sadonna Price

November 8, 2015

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

The restructuring efforts of Caesars Entertainment Operating Company is currently being investigated by an examiner, former federal prosecutor Richard Davis. The report by Davis was scheduled to be ready by the...

Chinese government bank forecloses on Baha Mar in Bahamas

Sadonna Price

November 4, 2015

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

Close to six weeks after bankruptcy protection from the United States was thrown out for the Baha Mar Resort the the Bahamas, their Chinese lender has now decided to foreclose on the Bahamas property. The Expor...

Fresno’s Club One casino files Chapter 11

Kim M

October 16, 2015

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

On Wednesday Club One a popular casino and restaurant in downtown Fresno, California filed for bankruptcy in U.S. District Court. The ownership group led by Kyle Kirkland, Club One Casino Inc.’s president, f...

Nearly $8 million spent on Showboat Casino by Stockton U

Kim M

October 14, 2015

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Mergers, Acquisitions & Partnerships, Bankruptcy, Fines, Lawsuits & Litigation, New Jersey

Since the purchase of the now retired Showboat Casino in Atlantic City, Stockton University has doled out close to $8 million on the property in just short of a year according to records. After the due dilig...

DiamondJacks casino to be purchased by managing company

Kim M

October 13, 2015

Casino News, Latest Casino and Gambling News, North America Casino News, Casino closures, Gaming Industry News, Mergers, Acquisitions & Partnerships, Bankruptcy, Mississippi

The Foundation Gaming Group will purchase Vicksburg’s DiamondJacks casino located on the Mississippi River, which the Gulfport-based company has operated since the casino emerged from bankruptcy in 2013, accord...

Baha Mar Resort negotiations begin again

Sadonna Price

October 9, 2015

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

The stalled project of the Baha Mar Resort may soon begin again as several groups met yesterday to begin negotiations to complete the construction of the facility. Meeting at the capital, the negotiations inclu...

Bankruptcy date a subject of contention for Caesars and creditors

Kim M

October 4, 2015

Casino News, Latest Casino and Gambling News, World Casino News, Bankruptcy, Illinois, Fines, Lawsuits & Litigation, Nevada

A hold on $468 million hinges on the outcome of a court date on Monday when Caesars Entertainment Corporation’s casino business creditors ask a judge to consider a January 12th bankruptcy date valid rather than...

Contractor returns to Baha Mar Casino Resort project

Sadonna Price

September 30, 2015

Casino News, Latest Casino and Gambling News, New Hotels, Casino project updates, Bahamas, Bankruptcy, Fines, Lawsuits & Litigation

After a prolonged absence, the contractor working on the Baha Mar Resort Casino has returned. The owner of the new facility now has hope that the project will be finished after stalling due to the contractor’s ...

Medford casino met with protests from residents and lawmakers

Kim M

September 28, 2015

Latest Casino and Gambling News, Casino proposals, Casino News, World Casino News, Licenses, Bankruptcy, New York

Lawmakers along with residents and others from Suffolk County, New York came together on Saturday to voice their disapproval of the establishment of a small casino in Medford. Previously revealed plans by th...

Nevada rural casino owner to relinquish license Oct. 29

Kim M

September 18, 2015

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

Alleged issues outlined by the Nevada Gaming Control Board concerning a Humboldt County casino’s rewards club program and cash requirements have resulted in the agreed upon relinquishment of the state license b...

U.S. judge won’t hear Baha Mar bankruptcy

Lars Jones

September 18, 2015

Bahamas, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

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Tuesday, a U.S. bankruptcy court in Delaware ruled that most of the multi-billion dollar Baha Mar chapter 11 bankruptcy filing before it would not be heard in a U.S. court and dismissed all but one entity's abi...

Kalispel Tribe scoops up 117 year old Spokane Country Club

Kim M

September 14, 2015

Latest Casino and Gambling News, Tribal Gaming, North America Casino News, Mergers, Acquisitions & Partnerships, Bankruptcy, Washington

In a last minute deal on Thursday, a $3 million bid from the Kalispel Tribe to purchase the members-only Spokane Country Club, which would combine the club’s amenities, including the golf course, with its Airwa...

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Chinese company takes first position on Baha Mar with $50m finance deal

Sun City, Mohegan Sun founder Kerzner may take over Baha Mar

Caesars upbeat; cites Cherokee Valley River and new social environments for millennials

December 15th Deadline to be missed by Examiner investigating Caesars restructuring efforts

Chinese government bank forecloses on Baha Mar in Bahamas

Fresno’s Club One casino files Chapter 11

Nearly $8 million spent on Showboat Casino by Stockton U

DiamondJacks casino to be purchased by managing company

Baha Mar Resort negotiations begin again

Bankruptcy date a subject of contention for Caesars and creditors

Contractor returns to Baha Mar Casino Resort project

Medford casino met with protests from residents and lawmakers

Nevada rural casino owner to relinquish license Oct. 29

U.S. judge won’t hear Baha Mar bankruptcy

Kalispel Tribe scoops up 117 year old Spokane Country Club

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