Fri, Feb 26, 2010
Station Casinos recently announced that it has reached an agreement with its secured lenders, which could lead to the company’s emergence from bankruptcy this summer, saving its ownership of 12 casinos, including its flagship, Palace Station (l.).
Fri, Feb 26, 2010
Fears that the company will declare bankruptcy to avoid settling huge bond payments in 2011 have eased now that MGM has reached an agreement with major debtors. Analysts say CityCenter (l.) is performing well enough to stave off any deep financial trouble in the near term.
Fri, Feb 26, 2010
Rival billionaires play Monopoly in their quest to claim three Atlantic City casinos. Each side declares the other is unfit to run the embattled company, now in bankruptcy for the third time.
Fri, Feb 26, 2010
Emergency resolution to prevent referendum on tax break for Revel (l.) passed 36-0 in the Senate. The union leader who opposes the deal called the last-minute measure 'Soviet-style government.'
Fri, Feb 26, 2010
Inland casinos in Indiana is an idea that will have to wait for another day. The House last week killed a bill that would have allowed casinos to loose their moorings and become dry land operations.
Fri, Feb 26, 2010
A state probe must be completed before the winning bid, from Aqueduct Entertainment Group, becomes official. Concerns about political favoritism surround the choice.
Fri, Feb 26, 2010
Vegas weak, IPO expected in three to five years, according to Harrah’s Chairman and CEO Gary Loveman (l.).
Fri, Feb 26, 2010
With room rates and gaming revenues sliding, Las Vegas’ largest gaming companies are looking to boost their bottom lines with a variety of strategies.
Fri, Feb 26, 2010
Harrah's Entertainment has big plans for its newest acquisition, Planet Hollywood resort and casino. The company intends to expand its customer database to the new property and make needed changes to the business's operations.
Fri, Feb 26, 2010
As it prepares to depart the shore resort, the co-owner of Borgata will take a loss on 72 acres of undeveloped land in the city.
Fri, Feb 26, 2010
At a statehouse rally organized by casino proponents, Bob Riley defended his opposition to electronic bingo. Attorney General Troy King, meanwhile, demands a vote in November.
Fri, Feb 26, 2010
New Jersey Governor Chris Christie has vetoed $40K earmarked by the state racing industry to hire lobbyists. Horse groups, who get millions in aid from the state, are spending some of it to lobby Trenton, says administration.
Fri, Feb 26, 2010
The Missouri Gaming Commission’s decision to close the President Casino in St. Louis has prompted Pinnacle Entertainment Inc. to appeal and the mayor of St. Louis to ask lawmakers to overturn the ruling.
Fri, Feb 26, 2010
Two Minnesota lawmakers have introduced a bill that would allow slot machines at the state’s two racetracks, and which, they say, would raise $125 million for a variety of government programs.
Fri, Feb 26, 2010
New owner Carl Icahn has yet to announce his plans for the Fontainebleau resort, but some say he will wait until the market recovers to finish the project.
Fri, Feb 26, 2010
The Nevada Gaming Commission approved the sale of Northern Nevada’s Red Garter Hotel and Casino to the Ensign family in an emergency meeting, though regulators said the rushed nature of the meeting had nothing to do with Senator John Ensign.
GGB Magazine | GGB News | RD&E Magazine | Casino Design | Tribal Government Gaming | GGB iGames | Casino Connection
RSS 2.0 Feed