Chapter 11 Bankruptcy | World Casino News

Lucky Dragon hotel open for business until March 27; judge decides

February 22, 2018

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

A Nevada bankruptcy judge ruled Wednesday that the hotel of the Asian-themed Lucky Dragon resort off the north end of the Las Vegas Strip will remain open for another month. U.S. Bankruptcy Court, District o...

Caesars Entertainment Corp gets reprieve till October 5 from bonds amounting to $11 billion

Renee Kingsley

August 31, 2016

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

Caesars Entertainment Corp has succeeded in getting a temporary reprieve till October 5 from multiple lawsuits that amount to over $11 billion in claims. U.S. District Judge Robert W. Gettleman decided on Augus...

Prime Minister Perry Christie faces pressure as he fails to announce new buyer for failed Baha Mar Casino Resort

Renee Kingsley

August 21, 2016

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

The $3.5 billion Baha Mar Casino resort in the Bahamas was a very important project for the country as it was expected to create thousands of jobs, generate millions in gambling taxes for the government and boo...

Stalled Baha Mar Casino Resort caused the Bahamas to lose over $315 million in revenue

Renee Kingsley

August 16, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino project updates, Bahamas, Employment & Careers, Taxation, Fines, Lawsuits & Litigation

Sarkis Izmirlian and his group of financial investors pumped in $3.5 billion to develop the Baha Mar Casino Resort in the Bahamas and initially expected the casino resort to be opened in December 2014. The mega...