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...

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...

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...

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...

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...

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...

Prime Minister Christie Says EXIM Bank has signed agreement to complete stalled Baha Mar...

Bahamian Prime Minister Perry Christie and his administration had been under tremendous pressure for not being able to complete the stalled $3.5 billion Baha Mar Casino Resort....

Former Taj Mahal owner seeks millions in tax refunds

Former corporate raider and activist investor Carl Icahn recently filed tax appeals in New Jersey to dispute the assessed value of his recently sold Trump Taj Mahal...

Caesars bankruptcy talks reach deadlock

A mediator brought in to negotiate talks between global casino operator Caesars Entertainment Corporation and second-lien creditors of its bankrupt operating arm has announced that the process...

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