Decision facing Supreme Court; asked to rule on Trump casino bankruptcy

Whether or not to restore the pension and health benefits of more than 1,000 casino workers at the Trump Taj Mahal in Atlantic City is the decision...

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...

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...

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...

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...

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...

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

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...

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...

Sarkis Izmirlian tells China EXIM Bank he can make a superior offer and open...

BMD Holdings Ltd., the former developer of $3.5 billion Baha Mar notified the Export Import Bank of China today that the company, headed up by Sarkis Izmirlian,...

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...

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