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Trump Plaza probably restricted from casino operations for 10 years

July 10, 2015

In a move said to avoid payments in lieu of taxes under Atlantic City's new PILOT program, which has yet to be signed into law, the shuttered Trump Plaza was approved to create a deed restriction that will keep...

Bahamas wants Baha Mar bankruptcy handled at home

Sam Mitchell

July 3, 2015

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

On July 2nd 2015 it was reported that the Bahamas attorney general showed frustration over a decision that would allow Baha Mar Resort bankruptcy protection in a US court. The project in question is a $2.5 bil...

Baha Mar files for bankruptcy protection after continual construction delays

Sadonna Price

June 30, 2015

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

The development company behind a new Bahamas resort complex with a price tag of $3.5 billion has now filed for bankruptcy protection. Baha Mar Ltd filed on Monday, stating a Chinese contractor was the reason be...

New Jersey regulators approve Carl Icahn’s ownership of the Trump Taj Mahal

Renee Kingsley

June 11, 2015

U.S.A., Casino News, Latest Casino and Gambling News, Gaming Industry News, Mergers, Acquisitions & Partnerships, Bankruptcy, New Jersey

Atlantic City’s Trump Taj Mahal Casino Resort applied for bankruptcy in 2014 but was bailed out by billionaire Carl Icahn who has a lot of experience working with bankrupt casinos and turning them around. The T...

Caesars gets six months to finalize its bankruptcy plan

Renee Kingsley

May 28, 2015

Latest Casino and Gambling News, Las Vegas, Gaming Industry News, Bankruptcy

Yesterday in Chicago, U.S. Bankruptcy Judge A. Benjamin Goldgar decided to extend Caesars Entertainment Operating Co.'s (CEOC) exclusive right to offer a proposal to get out of bankruptcy. They will have until ...

Showboat showdown headed to bankruptcy court–Stockton U seeking millions

Sam Mitchell

May 26, 2015

Latest Casino and Gambling News, Bankruptcy, Illinois

On May 26th 2015, it was reported that the Stockton University is looking to claim damages to the value of as high as $22 million from Caesars Entertainment. This is due to the unfortunate purchase that the sc...

Creditors may see deals made before Caesars bankruptcy

Sam Mitchell

May 11, 2015

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

The bankrupt operating unit of Caesars Entertainment Corp has agreed to allow creditors to access records through an independent examiner that is looking at pre-bankruptcy arrangements. However, a judge said...

Revel must apply for own casino license; not authorized to possess gaming equipment

Sadonna Price

April 28, 2015

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

The new proprietor of the now defunct Revel casino of Atlantic City has yet another hurdle to face after acquiring the property. The Polo North Country Club of Glenn Straub cannot take on the casino license of ...

Caesars can demolish Harrah’s Tunica Casino that closed in June

Sadonna Price

April 28, 2015

Latest Casino and Gambling News, Casino closures, Bankruptcy, Mississippi

Caesars Entertainment Corp will now be able to move ahead with demolition plans for the Harrah’s property located in Tunica Mississippi. A bankruptcy judge of Chicago has given the go ahead for the company to b...

Glenn Straub wins Revel Casino bid

Sam Mitchell

April 3, 2015

Latest Casino and Gambling News, Casino News, Gaming Industry News, Bankruptcy, New Jersey

There has been a lot of back and forth as to whether Glenn Straub would be able to purchase Revel Casino. There was certainly some doubt in the last few days of March 2015 that it would happen. However, the jud...

Manhattan developer and NJ real estate executives may have winning bid for Revel

Sam Mitchell

March 30, 2015

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

North New Jersey news has reported that one of the top NJ real estate executives and a wealthy Manhattan developer may join hands and bid for Revel Casino. The casino is bankrupt and currently for sale in Atlan...

Ex-Watergate lawyer to probe Caesars Entertainment bankruptcy

Sam Mitchell

March 30, 2015

Casino News, Latest Casino and Gambling News, U.S.A., Bankruptcy, Financial Fraud

Richard Davis made a name for himself as a prosecutor during the US Watergate scandal in the 1970's that eventually saw President Richard Nixon resign to avoid impeachment. He has also worked for Weil Gotshal a...

Caesars Entertainment warns continued operations may be difficult

Sam Mitchell

March 20, 2015

Latest Casino and Gambling News, World Casino News, North America Casino News, Bankruptcy

Caesars Entertainment Operating Co. is the parent company for several subsidiary casino companies that operated more than 20 casinos across the globe. They have warned creditors that operations due to lawsuits ...

Icahn and casino union battle–harsh words

Sam Mitchell

March 20, 2015

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

Carl Icahn new owner of Trump Taj Mahal has once again been in the media and submitted a missive about the union members of Local 54. Atlantic City, New Jersey’s main casino union is under fire again with the f...

Trump Taj Mahal joins Icahn dominion – averts bankruptcy

Lars Jones

March 16, 2015

Latest Casino and Gambling News, Bankruptcy, New Jersey

The Trump Taj Mahal, owned by Trump Entertainment Resorts Inc filed for bankruptcy in September and closed their Trump Plaza Casino a few days later. The Taj Mahal had accumulated a huge amount of debt and was ...

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Trump Plaza probably restricted from casino operations for 10 years

Bahamas wants Baha Mar bankruptcy handled at home

Baha Mar files for bankruptcy protection after continual construction delays

New Jersey regulators approve Carl Icahn’s ownership of the Trump Taj Mahal

Caesars gets six months to finalize its bankruptcy plan

Showboat showdown headed to bankruptcy court–Stockton U seeking millions

Creditors may see deals made before Caesars bankruptcy

Revel must apply for own casino license; not authorized to possess gaming equipment

Caesars can demolish Harrah’s Tunica Casino that closed in June

Glenn Straub wins Revel Casino bid

Manhattan developer and NJ real estate executives may have winning bid for Revel

Ex-Watergate lawyer to probe Caesars Entertainment bankruptcy

Caesars Entertainment warns continued operations may be difficult

Icahn and casino union battle–harsh words

Trump Taj Mahal joins Icahn dominion – averts bankruptcy

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

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