Caesars Receives Notice of Default From Bondholder-Led Group
Christopher Palmeri and Charles Mead, Bloomberg · June 7 (Bloomberg) — Bondholders sent a unit of Caesars Entertainment Corp. a notice of default, intensifying a battle with the largest owner of casinos in the U.S. The notice was sent June…
Change is a Necessary Fact of Life on the Las Vegas Strip
By Ken Adams It is an old cliché that change is the only constant and that is definitely true in business. Fads come and go; customers’ ages, interests, preferences and habits are always in flux and businesses must adapt. In…
casino workers at Revel may eventually see more pay and better benefits
By DEREK HARPER Staff Writer Follow Derek Harper on Twitter Some casino workers at Revel may eventually see more pay and better benefits following Friday’s overwhelming vote to unionize with Local 54 of UNITE-HERE, as well as greater job security…
Poll: Americans accept casinos as they would any other business
By HOWARD STUTZ LAS VEGAS REVIEW-JOURNAL By the numbers: 87 PERCENT poll respondents who think gambling is an acceptable activity 70 PERCENT poll respondents who think casinos create jobs, strengthen communities and support local businesses 51 PERCENT poll respondents who…
Senate Stalls Effort to Curb Frivolous, Costly Patent Litigation Disappointment to Gaming Industry
Washington — American Gaming Association (AGA) Vice President of Government Relations Whitaker Askew issued the following statement on today’s decision to remove patent reform legislation, from the Senate Judiciary Committee’s agenda: "Today’s decision to indefinitely stall progress toward achieving meaningful…
Casinos invest in South Mississippi despite revenue drop.
BY MARY PEREZ Sun herald Coast casino revenue remained relatively flat in April — coming in $726,000 less than 2013. Yet that was enough of a drop to put it in the books as the lowest April take since 1998,…
River casino revenue drop drags down Miss. totals
Jeff Amy, Associated Press · JACKSON, Miss. (AP) – While casinos along Mississippi’s Gulf Coast continue to tread water, those along the Mississippi River continue to post steep revenue declines. Mississippi Department of Revenue figures show casinos statewide won $164…
Unions call June 1 strike for 9 downtown hotels
Michelle Rindels, Associated Press LAS VEGAS (AP) – Hotel workers and bartenders plan to strike at nine downtown Las Vegas casinos next month if contracts aren’t reached, labor leaders announced Wednesday. Officials with the Culinary and Bartenders unions said employees…
Then and now:South Lake Tahoe Stateline casino ownership
In the 1930s, Bill Harrah operated a poker parlor in Venice, Calif., prior to moving his business to Reno. In January 1955, he purchased George’s Gateway Club on the Lake Tahoe border of Stateline Avenue and Highway 50 (photo No….
AC: Hard Rock: Interested in Revel if price is right
Wayne Parry, Associated Press ATLANTIC CITY, N.J. (AP) – The president of the Seminole Indians’ Hard Rock franchise says the company would consider buying Atlantic City’s Revel Casino if the price were right. Revel, Atlantic City’s newest casino, is seeking…