Caesars Slapped With Default Notice

A group of junior bondholders has put Caesars Entertainment on notice that it is in default, in an attempt to force the operator into negotiations on $3.7 billion of...

Published October 13, 2014

MGM, AEG Secure Arena Funds

MGM Resorts International and AEG have finalized $200 million bank facility to help fund their jointly owned 20,000-seat indoor stadium. The Las Vegas Arena is currently under construction (l.)...

Published October 13, 2014

Existing Maine Casinos Don’t Want More

The two casinos in Maine, the Hollywood Casino in Bangor and the Oxford Casino (l.), are not happy about a study that recommends that the state could absorb two...

Published October 13, 2014

Will Reno Ban New Downtown Casinos?

The city of Reno, Nevada is considering a ban on new gaming halls near the University of Nevada, Reno. The city hopes to see the university campus expand beyond...

Published October 13, 2014

Golden Nugget Atlantic City GM Suspended

Golden Nugget Atlantic City has been fined $30,000 by New Jersey regulators and its general manager, Tom Pohlman (l.), was suspended for three days in a settlement with New...

Published October 13, 2014

SLS: Recession Proved a Money-Saver

The economic downturn that started in 2007 compelled SBE of Los Angeles to build its new SLS resort around the former Sahara, instead of demolishing the structure and starting...

Published October 13, 2014

Horseshoe Takes Some of Maryland Live! Revenues

The new Horseshoe Baltimore casino has taken a bite of nearly 10 percent from its neighbor Maryland Live! for the month of September.

Published October 13, 2014

Indiana Casinos Seek Legislative Relief

Indiana's casinos are fighting back against decreasing revenues and admissions caused by the 2008 recession and increased competition. For example, Indiana Grand will offer mobile gaming. Above all, casino...

Published October 13, 2014

Atlantic City’s Laid Off Casino Workers Fear Loss of Unemployment Payments

With thousands of former Atlantic City casino workers filing for unemployment after four casino closings in the resort, many are worried their benefits will run out long before they...

Published October 13, 2014

Chicago Racetracks Losing Dates, Revenue

Chicago's two horse racetracks, Arlington International Racecourse (l.) and Hawthorne Race Course, continue to watch owners and trainers take their horses to states with more race days and higher...

Published October 13, 2014

Margaritaville Biloxi Emptying Out

MVB Holding, former operators of Margaritaville Casino Biloxi which closed September 15, are busy clearing out the place to meet the midnight, October 27 deadline recently agreed to in...

Published October 13, 2014

Confusion About Soccer Stadium Funding

By a 6-1 vote, Las Vegas City Council has approved a plan to develop a $200 million professional soccer arena in the city’s Downtown. Officials have told the development...

Published October 13, 2014

Tahoe Casino Closer to Becoming Hard Rock

Nevada state gaming regulators have approved Warner Gaming’s request to assume control of the Horizon resort in Lake Tahoe. Warner plans to transform the hotel-casino into a Hard Rock-branded...

Published October 13, 2014

Amendment 68 Rallies Supporters, Opponents

Amendment 68 would allow a casino at Arapahoe Park racetrack in Aurora, Colorado, and two future racetracks. Supporters recently released a study indicating the new casino would raise $114...

Published October 13, 2014

Cedar Rapids To Extend Development Agreement

Although the Iowa Racing and Gaming Commission denied a gaming license to Cedar Rapids Development Group, the Cedar Rapids city council plans to extend its agreement with the investors...

Published October 13, 2014

Harrah’s Metropolis Announces Renovation Celebration

Major renovations at Harrah's Metropolis Casino & Hotel in Metropolis, Illinois will debut November 19-23. Updates at the 21-year old property include a new lobby design, new restaurant and...

Published October 13, 2014

Vegas High-Speed Rail Line Back on Track?

The concept of a high-speed rail line from Southern California to Vegas never seems to run out of steam. Now the head of the California High-Speed Rail Authority is...

Published October 13, 2014

South Carolinians Split On Casino

A recent Winthrop Poll of 1,082 likely South Carolina voters indicated 47.3 percent both support and oppose allowing gambling casinos in the state, with 5 percent unsure. Nearly 64...

Published October 13, 2014

How Did Connecticut Casinos Affect Crime Rate?

According to new research from Western Connecticut State University, crime in the communities near Uncasville and Ledyard, home of the Mohegan Sun and Foxwoods casinos, saw a distinct change...

Published October 13, 2014

Rosemont Defendants Face $45.3 Million Judgment—Each

In a 281-page ruling, a federal district court judge recently declared each of the six defendants in the case of Emerald Casino must pay $45.3 million for their role...

Published October 13, 2014