Caesars Bankruptcy Reorganization Dealt Setback by Federal Judge
Bill Rochelle, Bloomberg · A judge dealt Caesars Entertainment Corp. (CZR)’s bankruptcy reorganization a possible fatal blow in ruling that the company violated federal law when it shuffled assets and refinanced debt as part of an alleged scheme to protect…
Commission head: Coast ‘shining star’ of Mississippi casinos
Associated Press · GULFPORT, La. (AP) – Mississippi Gaming Commission executive director Alan Godfrey says that South Mississippi was “the shining star” of Mississippi’s casino business last year. He says the coast was the only part of the state where…
U.S. Pressures Casinos Over Sports Betting
The U.S. Treasury is telling casinos to do more to stop criminals from using their sports books to launder money in its latest warning to the industry to bolster compliance programs. The Treasury’s Financial Crimes Enforcement Network along with law…
Las Vegas gaming companies may face bigger tax bite in Macau
Howard Stutz, Las Vegas Review-Journal · January 19, 2015 at 3:11 pm A Chinese government official is hinting at a potential gaming tax increase ahead of license renewals for Macau’s casino operators. A Hong Kong-based gaming analyst said Monday the…
The future of Survailence
This is Willy Allison, he puts together seminars for surveillance departments. His next one is at the M resort in Las Vegas March 2-4 https://www.youtube.com/watch?v=SaN_nuM29yw Advantage Play is not cheating https://www.youtube.com/watch?v=Od9swP08Dz4 Replies: Posted by: Skinny on January 19, 2015, 9:53…
Why CEOs Ace Poker
By James McManus, Bloomberg View Texas Hold’em tables often serve as less-genteel clubs for blue-chip businessmen. Instead of walking down fairways 30 yards apart from each other, or quietly hunting pheasant or muskie, poker buddies are elbow to elbow all…
Three arrested at Cosmo casino in probe of mini-baccarat theft
Dealer Adam Halderman, left, 38, floor supervisor Gregory Moix, 49, and player George Papadopoulos, 40, each face 12 counts of theft and conspiracy to a commit a crime, Gaming Control Board spokesman Karl Bennison said. They were arrested Tuesday, Jan….
Caesars places largest operating division into bankruptcy; judge OKs routine motions
Howard Stutz, Las Vegas Review-Journal The unraveling of Caesars Entertainment Corp.’s complicated financial structure began Thursday when the casino operator placed its largest business division into bankruptcy, taking the initial steps to eliminate almost $10 billion in debt. The pre-packaged…
Caesars bankruptcy: What does it mean for company, consumers and employees?
By J.D. Morris When the largest operating division of casino giant Caesars Entertainment filed for bankruptcy protection on Thursday, it was just the most recent piece of what has already been an intense and controversial path toward financial restructuring. Expect…
Wynn touts $1.6B casino in Boston appearance
BOSTON (AP) – Steve Wynn says his $1.6 billion resort on the waterfront across Boston will offer the largest hotel rooms outside of Las Vegas and echo the “grand hotels” of the past. In remarks at a real estate conference…