Steve Wynn says his $1.6 billion resort on the waterfront across Boston will offer the largest hotel rooms outside of Las Vegas and echo ...
15 January 2015
By Philip Marcelo, Associated Press
Atlantic City has lost nearly half its casino revenue over the past eight years as competition in nearby states cannibalized its market and drove four casinos out of business. Figures released Wednesday by the state's Gaming Enforcement Division show the casinos took in ...
14 January 2015
By Wayne Parry, Associated Press
Lawyers for the operating division of Caesars Entertainment say the company will file Chapter 11 bankruptcy in the Northern District of Illinois on Thursday. The move is intended to ...
14 January 2015
By Kimberly Pierceall, Associated Press
Developers behind a proposed casino in the Catskills want to be included if a New York state board reopens the bidding process for a fourth casino license. Investors behind the Nevele Resort Casino wrote to the state's Gaming Commission Tuesday asking to submit a proposal. A board appointed by the commission will vote Tuesday evening on whether to ...
13 January 2015
Associated Press
Junior creditors of Caesars Entertainment filed court papers today seeking to prevent the debt-ridden casino company’s financial restructuring plan from taking effect. In documents filed with the U.S. Bankruptcy Court in Delaware, the junior creditors are attempting to force Caesars’ operating subsidiary into bankruptcy before ...
12 January 2015
By J.D. Morris
Caesars Entertainment has cleared a critical threshold of creditor support for a bankruptcy restructuring plan in its operating subsidiary, the casino company announced today. In a filing with the Securities and Exchange Commission, Caesars said that more than 60 percent of first-lien bondholders have signed ...
9 January 2015
By J.D. Morris
A judge says a Malaysian businessman and his son can't play poker at Las Vegas casinos while they await a ruling on whether the FBI illegally entered their hotel suites to investigate what prosecutors say was a $13 million illegal Internet gambling ring. U.S. Magistrate Judge Carl Hoffman said ...
8 January 2015
Associated Press
With the deadline for a bankruptcy agreement fast approaching, Caesars Entertainment said today that more than 50 percent of first-lien bondholders signed on to a financial restructuring plan for ...
8 January 2015
By J.D. Morris
A computer program that taught itself to play poker has created nearly the best possible strategy for one version of the game, showing the value of techniques that may prove useful to help decision-making in medicine and other areas. The program considered 24 trillion simulated poker hands per second for two months, probably playing more poker than ...
8 January 2015
By Malcolm Ritter, Associated Press
The city of Boston refused to accept a $1 million check to help offset the impact of the resort casino planned for neighboring Everett, gambling giant Wynn Resorts said Wednesday. Boston sued the Massachusetts Gaming Commission earlier this week, seeking to ...
7 January 2015
By Philip Marcelo, Associated Press
Wynn Resorts has finalized its $35 million purchase of a contaminated property along the Mystic River in Everett on which it plans to build a $1.6 billion casino. The company owned by Las Vegas casino mogul Steve Wynn said Monday the purchase of the former Monsanto chemical plant site is a key step toward starting cleanup of the 33-acre parcel and eventual construction. The deal had been ...
5 January 2015
Associated Press
For evidence of just how important Sam Nazarian was to the creation of SLS Las Vegas, look no further than the iconic starfish-like silver sculpture that looms large at the front entrance. It's reportedly a caricature of Nazarian himself. Nazarian has been the face of the property since he purchased it when it was still the Sahara in 2007. He closed the Sahara four years later, then ...
2 January 2015
By J.D. Morris
The Nevada Gaming Control Board said that casinos won $876.3 million last month, a 0.04 percent increase from the same month last year. But gaming revenue for the fiscal year, which began July 1, is still ...
30 December 2014
By J.D. Morris
World Series of Poker organizers say the 49-day tournament returns to the Rio All-Suite Hotel & Casino in Las Vegas May 27 to July 14. Organizers announced the dates Tuesday and a new event ...
23 December 2014
Associated Press
Caesars Entertainment Corp. says it will buy an affiliate as it tries to smooth the reorganization of a struggling division and balance its debt load. The Las Vegas casino giant says the merger with Caesars Acquisition Co. will give it $1.7 billion in cash it needs to guarantee loans in a proposed bankruptcy deal it's pitched to creditors of ...
22 December 2014
By Kimberly Pierceall, Associated Press
