Carl Icahn to Shutter Trump Taj Mahal after Labor Day

Just when gaming analysts were predicting that Atlantic City’s casino woes were witnessing a turn around, billionaire Carl Icahn has announced that he plans to shutdown the...

Caesars Entertainment Corp hires new restructuring officer; Warns of Chapter 11

On Friday, Caesars Entertainment Corp (NASDAQ: CZR) announced that retired bankruptcy judge Robert Gerber has been appointed to the newly created position of chief restructuring officer. Reuters reports that...

Caesars mediator resigns from case of operating arm’s bankruptcy

The $18 billion bankruptcy dispute between Caesars Entertainment Operating Company Incorporated and its creditors took another complex turn on Friday after the mediator tasked with resolving the...

Court approves Caesars bankruptcy plan to emerge in 2017 with $10 billion less debt

In a press relief noted for its brevity compared to the gravity lifted, Caesars Entertainment Corporation (NASDAQ: CZR) has seen its operating company’s bankruptcy reorganization plan finally...

Polish subsidiary of Olympic Entertainment Group files for bankruptcy

Eastern European casino operator Olympic Entertainment Group has announced that its Polish subsidiary has filed for bankruptcy protections following a late-September decision from the Finance Ministry not...

Owners of famed Cal Neva resort in Lake Tahoe file for bankruptcy

After years of failed renovation efforts and bankruptcy problems, the owners of North Lake Tahoe’s most famed resort, Cal Neva Lodge & Casino, filed for bankruptcy on...

New York asks DFS operators for proof of fund segregation

Daily Fantasy Sports operators in New York were asked by the State Gaming Commission (NYSGC) to provide evidence of segregation of player funds from the funds they...

New Jersey regulator approves Caesars reorganization plan

As it continues to implement a reorganization plan as part of an attempt to emerge from bankruptcy, Caesars Entertainment Operating Company Incorporated has reportedly received approval to...

Caesars Entertainment Corporation unit begins process of raising new financing

American casino giant Caesars Entertainment Corporation has begun the process of raising up to $3.8 billion that its Caesars Entertainment Operating Company Incorporated subordinate needs in order...

Bahamian Government backs decision over liquidation of the Baha Mar Casino after former Prime...

The Baha Mar Casino and Hotel was the biggest integrated casino resort to be developed in Nassau, Bahamas at an estimated $3.5 billion. The casino resort was...

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