The new ownership of the Cosmopolitan of Las Vegas will undoubtedly institute changes to the resort. But the resort’s workforce, apparently, will remain intact. The Culinary Union ...
19 December 2014
By J.D. Morris
Casino giant Caesars Entertainment, which for years has struggled with massive debt, announced today that its largest subsidiary reached an agreement with key creditors on a financial restructuring plan. The subsidiary ...
19 December 2014
By J.D. Morris
The sale of the Cosmopolitan of Las Vegas cleared its last regulatory hurdle today when the Nevada Gaming Commission approved the $1.73 billion transaction. The sale was ...
18 December 2014
By J.D. Morris
Sam Nazarian, the Los Angeles nightclub tycoon and visionary behind SLS Las Vegas, was awarded a limited gaming license from Nevada regulators today. But under terms of the license ...
18 December 2014
By J.D. Morris
Billionaire investor Carl Icahn pledged $20 million on Thursday to keep Atlantic City's Taj Mahal casino open indefinitely, eliminating a plan to shut it down early ...
18 December 2014
By Wayne Parry, Associated Press
A federal judge said Thursday she'll rule soon on whether the FBI improperly entered suites at a Las Vegas Strip casino without a warrant during a probe of what prosecutors say was ...
18 December 2014
By Ken Ritter, Associated Press
William McBeath, a former MGM Resorts International executive, is the next chief executive officer of the Cosmopolitan of Las Vegas. The resort announced McBeath’s appointment ...
17 December 2014
By J.D. Morris
A Nevada casino regulator told a federal judge that investigators spent hours briefing a federal prosecutor before employing a ruse to gain entry to high-roller suites at Caesars Palace and break up what prosecutors say ...
17 December 2014
By Ken Ritter, Associated Press
Caesars Entertainment Corp. officials say they won't make a $225 million interest payment due Monday on some of its debt as the company keeps negotiating with senior bondholders to restructure the company's finances. ...
15 December 2014
Associated Press
Two more Chinese citizens took plea deals Wednesday in what federal prosecutors say was an illegal Internet gambling ring broken up by an FBI raid at high-roller suites at Caesars Palace ...
10 December 2014
By Ken Ritter, Associated Press
Casinos, like banks and other institutions that deal with a lot of money, are required by law to vigilantly look out for financial transactions that may be illegal ...
6 December 2014
By J.D. Morris
A Delaware judge is weighing whether to grant a motion by Caesars Entertainment Corp. to dismiss a lawsuit by bondholders accusing the company of fraudulently transferring assets of its debt-laden operating unit in order to ...
5 December 2014
By Randall Chase, Associated Press
Five defendants are poised to take plea deals in a federal Internet gambling case in Nevada that stemmed from a disputed FBI raid last summer at high-roller suites at Caesars Palace on ...
5 December 2014
By Ken Ritter, Associated Press
A gambling industry group says it's drafted a first-of-its-kind guide to help casinos prevent money laundering. The American Gaming Association released its best practices Thursday to help casinos and Internet gambling sites comply with ...
5 December 2014
Associated Press
The owners of Atlantic City's Trump Taj Mahal have pushed back the scheduled closing date for the casino. Trump Entertainment Resorts told The Associated Press on Friday it decided to move the closing date back eight days to Dec. 20 while talks continue to try to save the casino and its 3,000 jobs. "The Trump Taj Mahal is currently engaged in ...
5 December 2014
By Wayne Parry, Associated Press
