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Kalispel Tribe scoops up 117 year old Spokane Country Club

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...

Baha Mar provisional liquidators appointed

Lars Jones

September 11, 2015

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

Last week the Bahamian Supreme Court appointed KRyS Global, Bahamas and AlixPartners Services UK advisors as Joint Provisional Liquidators over Baha Mar Ltd, Baha Mar Land Holdings Ltd, Baha Mar Properties Ltd,...

Money laundering scandal involving Caesars Entertainment results in multi-million dollar fine

Sadonna Price

September 9, 2015

Latest Casino and Gambling News, Money Laundering, Bankruptcy, Fines, Lawsuits & Litigation, Nevada

Based on what the federal authorities are calling ‘severely deficient’ controls on anti-money laundering, Caesars Entertainment Corp. must now pay a hefty civil penalty. $8 million will be paid by Caesars based...

Caesars bondholders denied immediate ruling on debt guarantee

D. Graham

August 31, 2015

Casino News, Latest Casino and Gambling News, Las Vegas, World Casino News, North America Casino News, Bankruptcy, Fines, Lawsuits & Litigation, Nevada

Bloomberg reports that bondholders owed $7 billion by Caesars have been denied an immediate ruling as to whether or not the casino giant broke the law, thus giving Caesars several more weeks grace to negotiate ...

Baha Mar files reorganization plan in Delaware bankruptcy court

Kim M

August 28, 2015

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

Baha Mar mega resort developer, Baha Mar Ltd, run by Sarkis Izmirlian, announced yesterday that a Chapter 11 Plan of Reorganization has been filed with the U.S. Bankruptcy Court for the District of Delaware. ...

New Jersey trade unions call for boycott of Icahn casinos in Atlantic City

Renee Kingsley

August 28, 2015

Gaming Industry News, Labor Relations, Bankruptcy, New Jersey

Billionaire Carl Icahn has a successful track record of taking bankrupt casinos and turning them around. Icahn decided to take over the struggling Taj Mahal casino in Atlantic City which had earlier filed for b...

Last major hold out on Senior Caesar debt signs on

Kim M

August 24, 2015

Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Economy/Finance, Bankruptcy, Nevada, New Jersey

In a statement released Friday by Caesars Entertainment Group, an agreement for restructuring a major operating division within the company that filed bankruptcy six month ago, Caesars Entertainment Operating C...

Lower ranking creditors sue trustees for Caesars’ senior and middle tier lenders

Lars Jones

August 11, 2015

Latest Casino and Gambling News, Las Vegas, Bankruptcy, Fines, Lawsuits & Litigation

Fearing they may be frozen out a group of lower ranking creditors have sued senior lenders of Caesars Entertainment Operating Co., further complicating an already labyrinthine maze of litigation in Caesar's pla...

Caesars reaches restructuring agreement with lenders

Kim M

August 3, 2015

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

The corporation that filed for bankruptcy over six months ago, a major division of Caesars Entertainment Corporation, filed for bankruptcy, and now wants a Chicago bankruptcy court to approve a restructuring pl...

Caesars denied permission for quick appeal to halt bondholder suits

D. Graham

July 30, 2015

U.S.A., Las Vegas, Casino News, World Casino News, North America Casino News, Gaming Industry News, Delaware, Bankruptcy, Nevada, New York

U.S. Bankruptcy Judge A. Benjamin Goldgar has denied Caesars Entertainment Operating Company (CEOC) permission to appeal his July 22 ruling which has allowed bondholder lawsuits in other states to proceed while...

Bahamian judge refuses to recognize Baha Mar’s U.S. bankruptcy filing: Updated

Kim M

July 24, 2015

Latest Casino and Gambling News, World Casino News, Bahamas, Gaming Industry News, Caribbean Casino News, Bankruptcy, Fines, Lawsuits & Litigation

On Wednesday a Bahamian judge denied luxury resort, Baha Mar Ltd.’s request for recognition of its U.S. bankruptcy filing at the urging of the island nation’s government. The Supreme Court’s decision this week ...

Caesar’s Bankruptcy hearings move forward as stocks plummet

D. Graham

July 22, 2015

Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Delaware, Illinois, Bankruptcy, Nevada

Caesar’s Entertainment Corporation’s (CEC) stocks took a dramatic 41% fall despite attempts by Marc Rowan of Apollo Global Management LLC to dump billions of dollars of investment debt through bankruptcy of its...

$3.5 billion Baha Mar Resort may be seized by the Bahamas PM

Renee Kingsley

July 20, 2015

Gaming Law & Legislation, Casino News, Casino openings, Gaming Industry News, Casino project updates, Bahamas, Caribbean Casino News, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

When Sarkis Izmirlian proposed to set up a mega resort in the Bahamas, the country opened its doors as the $3.5 billion resort was expected to boost tourism, bring in significant revenue and provide employment ...

Machine repo, reported sabotage and more threaten Baha Mar Casino

Sadonna Price

July 16, 2015

Latest Casino and Gambling News, Casino project updates, Bahamas, Economy/Finance, Bankruptcy

The Baha Mar Casino and Hotel is not doing well, with severe issues threatening the facility. Just this week, Baha Mar was confronted by a gambling supplier seeking to repossess gaming equipment at the facility...

Deal in the works for Caesars unit’s restructuring

D. Graham

July 11, 2015

U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Bankruptcy, Nevada

Bloomberg reports that billionaire John Paulson, principal of the hedge-fund firm Paulson & Co, along with other junior debt holders, are discussing a deal intended to successfully augment and salvage a ban...

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Kalispel Tribe scoops up 117 year old Spokane Country Club

Baha Mar provisional liquidators appointed

Money laundering scandal involving Caesars Entertainment results in multi-million dollar fine

Caesars bondholders denied immediate ruling on debt guarantee

Baha Mar files reorganization plan in Delaware bankruptcy court

New Jersey trade unions call for boycott of Icahn casinos in Atlantic City

Last major hold out on Senior Caesar debt signs on

Lower ranking creditors sue trustees for Caesars’ senior and middle tier lenders

Caesars reaches restructuring agreement with lenders

Caesars denied permission for quick appeal to halt bondholder suits

Bahamian judge refuses to recognize Baha Mar’s U.S. bankruptcy filing: Updated

Caesar’s Bankruptcy hearings move forward as stocks plummet

$3.5 billion Baha Mar Resort may be seized by the Bahamas PM

Machine repo, reported sabotage and more threaten Baha Mar Casino

Deal in the works for Caesars unit’s restructuring

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

Unusual Betting Activity Sparks Investigation Into Eastern Michigan Basketball Games

KPMG Under Scrutiny for 2022 Entain Audit Amid Growing Regulatory Issues

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

PAGCOR Cuts E-Games Fees to Strengthen Legal Market