Christie says Atlantic City’s debt payments wouldn’t be made by him

With Atlantic City’s May bond payment looming, New Jersey Governor Chris Christie won’t intervene as the once thriving gambling mecca inches closer to financial ruin and a...

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...

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...

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...

Reminder for PKR.com customers: PokerStars has your back

Players who found their funds locked up in administration when PKR.com went bust can get their money from PokerStars. In early May the pioneering PKR.com was removed from...

Cal Neva Resort & Casino once owned by Frank Sinatra now in Chapter 11...

The Cal Neva Resort & Casino has been around for a long time and its ownership has changed hands on numerous occasions over the years. The legendary...

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...

Caesars wins temporary reprieve from creditors

A Chicago judge has granted global casino operator Caesars Entertainment Corporation a temporary reprieve from court actions brought by shareholders of its bankrupt operating arm. Las Vegas-based Caesars...

Trump Taj Mahal officially shuts down

As of 5:59 a.m., on October 10, 2016,  the Trump Taj Mahal became the 5th casino to shut down in Atlantic City, New Jersey since 2014. Almost...

Caesars reportedly considering $4b offers for Caesars Interactive Entertainment

Faced with the possibility of being forced into Chapter 11 bankruptcy, Caesars Entertainment Corp (NASDAQ: CZR) is considering selling its interactive unit, which is one of the company’s...

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