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...

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...

Bahamas Supreme Court places seven Baha Mar companies into full liquidation

The $3.5 billion Baha Mar casino resort in the Bahamas has been surrounded in controversy for the last couple of years as the project came to a...

Caesars offers junior creditors another $1.6b

Caesars Entertainment has updated its initial offer to junior bondholders for another $1.6 billion. With the latest addition to the initial $4 billion, the offer goes over...

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...

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...

UK Poker site PKR shuts down due to financial difficulties

UK-licensed online poker site PKR is shutting down after suffering “financial difficulties”, official statements posted on the website last Wednesday revealed. As the update stated, the operator...

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...

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