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Casinos & Gaming

GTECH obtains financing to complete IGT acquisition

GTECH Holdings completes $5 billion in financing needed to complete its buyout of slot machine giant International Game Technology.

Revel Casino Hotel asks judge to kill sale

WILMINGTON, Del. — The Revel Casino Hotel in Atlantic City, New Jersey, asked a U.S. bankruptcy judge to end its agreement to sell the gambling complex to Florida developer Glenn Straub for $95.4 million, according to a Tuesday court filing.

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Sale of Atlantic City’s Revel Casino in doubt

CAMDEN, N.J. — A lawyer representing the buyer of the bankrupt Revel Casino in Atlantic City said his client would miss a midnight Monday deadline to complete the purchase, amid concerns over precisely what his client is buying.

Gaming industry giant takes ‘natural step’ forward

Over the last 18 months, Scientific Games Corp. spent $7.6 billion to acquire the gaming industry’s No. 2 and No. 3 slot machine manufacturers. That makes Scientific Games Corp. the new International Game Technology — minus the baggage.

CEO finds happiness managing casinos in smaller markets

After managing casinos in exotic locales such as New Zealand, the United Kingdom and Uruguay, Michael Silberling opted to become CEO of a gaming company whose flagship properties are in the Interstate 15 community of Primm at the California-Nevada border and the Denver suburb of Black Hawk, Colo. And he couldn’t be happier.

Full House Resorts selects new chief financial officer

Regional casino operator Full House Resorts said it amended several credit agreements and selected a new chief financial officer as it moves forward following a recent management shake-up.

Caesars CEO Loveman stepping down in wake of bankruptcy

Caesars Entertainment Corp. Chairman Gary Loveman will step down from the company’s chief executive role on June 30 and will be replaced by the former chairman CEO of Hertz Global Holdings, the casino giant announced Wednesday.

Bill to outlaw online gaming resurfaces in Congress

A Utah congressman on Wednesday reintroduced a bill that would reimpose a federal ban on wagering over the Internet, reigniting a debate that has split the gaming industry and sparked a broader discussion over the spread of gambling.

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