Bankruptcy | World Casino News

Creditors may see deals made before Caesars bankruptcy

May 11, 2015

Latest Casino and Gambling News, Las Vegas, Casino News, 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...

Taj Mahal wants judge to penalize union over letters-no ruling

Sadonna Price

April 23, 2015

Latest Casino and Gambling News, Labor Relations, Fines, Lawsuits & Litigation, New Jersey

In attempt to fight back against the cancellation of the casino union at one Atlantic City casino, the Local 54 of the Unite-HERE union sent letters to customers of the Trump Entertainment Resorts Taj Mahal, ur...

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

Sam Mitchell

March 30, 2015

Latest Casino and Gambling News, Casino 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

Latest Casino and Gambling News, U.S.A., Casino News, 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 ...

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 ...

Caesars stops ex-employees retirement income, gets expelled from pension plan

Lars Jones

March 13, 2015

Latest Casino and Gambling News, Bankruptcy, New Jersey

Caesars Entertainment Corp was forced to file for Chapter 11 bankruptcy after its bad debts skyrocketed and the corporation was no long confident of being able to revive its fleet of casinos from a revenue slum...

Revel court action postponed

Lars Jones

March 12, 2015

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

Update 3-13-15: Straub deal denied Judge Gloria Burns of the U.S. Bankruptcy Court in Camden, N.J. refused to approve the sale of Revel Casino Hotel to Glenn Straub's Polo North company saying she didn't have ...

Trump Taj Mahal settles money laundering claims

Lars Jones

February 12, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Crime, Fines, Lawsuits & Litigation, Financial Fraud

Trump Taj Mahal Associates LLC has agreed to a $10 million civil penalty assessed by the US Treasury Department's Financial Crimes Enforcement Network. The parent company of the struggling Atlantic City, New Je...