New roster of brand restaurants makes Strip debut
Caesars Palace President Gary Selesner had business in India recently, so he could have flown through any major city to make the connection. But he picked New York for a singular reason: It allowed him to visit his favorite pizzeria,…
Creditors attempting to block Caesars planned restructuring
Junior level creditors of Caesars Entertainment Corp. are attempting to block this week’s planned restructuring of the casino company’s primary business unit. The lenders, led by Appaloosa Investment LP, filed an involuntary Chapter 11 bankruptcy against Caesars Entertainment Operating Co….
Appaloosa Moves to Force Caesars Unit Into Bankruptcy Early
Junior creditors of Caesars Entertainment Corp. (CZR) moved to force the main operating unit of into bankruptcy in an attempt to block a plan to protect senior lenders at their expense, after contentious wrangling over the casino company’s future. The…
professional gambler suing planet Hollywood after being harassed
Carri Geer Threvenot, Las Vegas Review-Journal A professional gambler from New Jersey claims employees at Planet Hollywood Resort illegally detained him and stole nearly $5,000 in casino chips after they noticed him counting cards in June 2013. The gambler, Ross…
Counterfeit cash at Seminole Classic Casino leads to arrest
When security at the Seminole Classic Casino discovered $5,400 in counterfeit cash while counting money, it led to a Delray Beach man previously banned from all tribal properties, a search warrant says. Bernardo Lecaros, 34, was arrested Dec. 20 and…
Caesars Wins More Bankruptcy Support Through BlackRock Bond Sale
Caesars Entertainment Corp. (CZR) won more support for a plan to put its biggest unit into bankruptcy as soon as next week after a bondholder group that’s already on board with the restructuring bought $500 million of debt from BlackRock…
Judge's rulings clears way for Straub to buy Revel Casino
Note to Michael and Dom, notice there is no UPS office anywhere near here. U.S. Bankruptcy Judge Gloria M. Burns made two rulings Thursday to help clear the way for the sale of the former Revel Casino Hotel in Atlantic…
Poker not in the cards for defendants in Vegas FBI ruse case
LAS VEGAS (AP) – A judge says a Malaysian businessman and his son can’t play poker at Las Vegas casinos while they await a ruling on whether the FBI illegally entered their hotel suites to investigate what prosecutors say was…
Casino Bad Bets Hit Hong Kong Rich Hard
Mohhamend Cohen; Forbes Asia Macau casinos have always been winning bets for Hong Kong billionaires–until 2014. Total casino revenue fell last year for the first time since Stanley Ho’s 40-year gambling monopoly ended in 2004–by an estimated 3.3%–and that’s hammering…
Pa. real estate firm to buy Atlantic Club
Posted: Tuesday, January 6, 2015 9:30 pm By DONALD WITTKOWSKI Staff Writer ATLANTIC CITY — A Pennsylvania real estate company that specializes in residential projects and senior-citizen housing has agreed to buy the shuttered Atlantic Club Casino Hotel, newly filed…