Decision facing Supreme Court; asked to rule on Trump casino bankruptcy Kim M Latest Casino and Gambling NewsBankruptcyFines, Lawsuits & LitigationNew Jersey May 31, 2016 0Whether or not to restore the pension and health benefits of more than 1,000 casino workers at the Trump Taj...
Caesars Entertainment Corp hires new restructuring officer; Warns of Chapter 11 Sadonna Price Latest Casino and Gambling NewsU.S.A.Bankruptcy May 7, 2016 0On Friday, Caesars Entertainment Corp (NASDAQ: CZR) announced that retired bankruptcy judge Robert Gerber has been appointed to the newly created...
New Jersey lawmakers announce ‘intervention’ of Atlantic City Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceTaxationNew Jersey February 18, 2016 0Lawmakers in the state of New Jersey have been trying for months now to figure out a way to assist...
Borgata Casino continues to push for tax refund resolution Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceTaxationNew Jersey February 5, 2016 0The Borgata Hotel Casino & Spa of Atlantic City, New Jersey has been pushing for some time to see a...
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...
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...
Spending cuts—but not bankruptcy—eyed for Atlantic City Sadonna Price Latest Casino and Gambling NewsEconomy/FinanceEmployment & CareersLabor RelationsNew Jersey January 17, 2016 0Bob McDevitt is the President of the Local 54 of Unite-HERE, a union heavily involved in the Atlantic City casino...
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...
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...
Will Borgata Casino’s request for tax refunds bankrupt Atlantic City? Sadonna Price Latest Casino and Gambling NewsFines, Lawsuits & LitigationNew Jersey January 4, 2016 0The Borgata Casino in New Jersey is owed more than $150 million in tax refunds by Atlantic City, with the...
China EXIM Bank announces preliminary plan for bankrupt Baha Mar Resort Sadonna Price Latest Casino and Gambling NewsCasino project updatesBahamas December 20, 2015 0It has been months since the Export-Import Bank of China has announced any news on the Baha Mar Resort, and...
December 15th Deadline to be missed by Examiner investigating Caesars restructuring efforts Sadonna Price Latest Casino and Gambling NewsU.S.A.BankruptcyFines, Lawsuits & Litigation November 8, 2015 0The restructuring efforts of Caesars Entertainment Operating Company is currently being investigated by an examiner, former federal prosecutor Richard Davis....
Chinese government bank forecloses on Baha Mar in Bahamas Sadonna Price Latest Casino and Gambling NewsCasino project updatesBahamasBankruptcy November 4, 2015 0Close to six weeks after bankruptcy protection from the United States was thrown out for the Baha Mar Resort the...
Money laundering scandal involving Caesars Entertainment results in multi-million dollar fine Sadonna Price Latest Casino and Gambling NewsMoney LaunderingBankruptcyFines, Lawsuits & LitigationNevada September 9, 2015 0Based on what the federal authorities are calling ‘severely deficient’ controls on anti-money laundering, Caesars Entertainment Corp. must now pay...