Caesars Entertainment Corp. is getting used to saying no. For the second time in two weeks, the casino operator rejected a demand from an unsecured second level bond holder for payment of the obligations.
Casinos & Gaming
Scientific Games Corp. said a federal judge dismissed a more than five-year-old patent infringement lawsuit against a company subsidiary.
For a decade, north Strip casino operators anticipated a redevelopment of the area that would include new megaresorts and entertainment complexes rivaling projects underway on the boulevard’s southern end.
MGM Resorts International will hold a job fair Wednesday at the Mandalay Bay Events Center to hire more than 500 permanent positions at 13 of the company’s Strip-area resorts.
The storied Riviera has been sold to the Las Vegas Convention and Visitors Authority for $182.5 million.
A U.S. bankruptcy judge on Thursday terminated the $95.4 million sale of Atlantic City’s Revel to Florida developer Glenn Straub, clearing a path for a third attempt to sell the troubled property.
When the Las Vegas Convention and Visitors Authority board of directors takes up the acquisition of the Riviera on Friday, it will do so with a board comprised of members who will have to consider killing jobs — and competition. Most industry observers believe the proposal will be approved and that the only suspense will be in whether the vote is unanimous.
The person behind the $300,000 dinner at Bellagio’s Prime Steakhouse has been revealed.
Eighteen months ago, Culinary Workers Local 226 and the Cosmopolitan of Las Vegas weren’t very chummy. The union held several protests that blocked the Strip in front of the resort, committing several acts of civil disobedience. All that was in the past Wednesday as the union wanted to celebrate new ownership.
Caesars Entertainment Corp. provided a simple answer to another request from second lien bond holders to pay back more than $3.8 billion owed by the casino operator: No.
If California’s Internet poker debate was an actual card game, PokerStars just doubled up. But the European online gaming giant is still short-stacked against two of the state’s largest tribal casino operators in the company’s effort to gain a piece of California’s potentially lucrative — albeit nascent — Internet poker market.
The Las Vegas Convention and Visitors Authority on Tuesday scheduled a special board meeting for Friday to consider its acquisition of the 60-year-old Riviera for $182.5 million.
MGM Resorts International Chairman Jim Murren told analysts and investors Tuesday there were “encouraging signs” of increased customer spending at his company’s 10 Strip resorts in the past few months.
Station Casinos reports fourth quarter revenue and cash flow figures at levels not experienced since 2008.
Attorney general nominee Loretta Lynch says it is unlikely she would reverse a landmark Department of Justice opinion that opened the door to legalized Internet gambling and also sparked a backlash against it.
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