Riviera could be in line for a $100 million facelift
The Riviera, one of the oldest resorts in Las Vegas, is due for a substantial facelift. An executive from the company that operates the Riviera told state regulators Wednesday that potential renovations to the property could cost upwards of $100…
Fans stampede following the Floyd Mayweather Jr. vs. Marcos Maidana fight at the MGM
By John Katsilometes (contact) John Katsilometes Las Vegas Sun Published Saturday, Sept. 13, 2014 | 11:05 p.m. Fan Stampede Following Fight An injured man is taken away on a gurney after a fan stampede following the Floyd Mayweather Jr. vs….
Caesars moves to restructure $24 billion debt
ATLANTIC CITY — Caesars Entertainment Corp. said Friday it would begin discussions with its senior bondholders in efforts to restructure the largest portions of the company’s gaming industry-high $24.2 billion debt. In a filing with the Securities and Exchange Commission,…
Revel Casino Bidder Straub Eyeing Atlantic City’s Showboat
(Bloomberg) — Glenn Straub, the Florida developer who made a $90 million offer for the shuttered Revel Casino Hotel in Atlantic City, New Jersey, is considering buying the neighboring — and also closed — Showboat as well. Caesars Entertainment Corp.,…
Revel Gets $90 Million Offer to Buy Bankrupt, Closed Casino
Michael Bathon, Las Vegas Review-Journal Revel AC Inc., the bankrupt New Jersey casino operator, reached a deal to sell its shuttered Atlantic City property to Glenn Straub’s Polo North Country Club Inc. for $90 million, absent a better offer. Revel,…
Donald Trump reportedly considers rescue of struggling casinos Read more
ATLANTIC CITY, N.J., Sept. 10 (UPI) — Donald Trump may step in to save the day for his former company that still bears his name. The billionaire business mogul is reportedly considering the purchase of Trump Entertainment Resorts, which filed…
Bankrupt Trump Entertainment can stay in business
ASSOCIATED PRESS WILMINGTON, Del. — A Delaware bankruptcy judge is allowing a company that owns two Atlantic City casinos to continue operations. For now. The judge on Wednesday allowed Trump Entertainment Resorts to remain operating temporarily using cash owed to…
Inside Gaming: Claridge finds way to survive in struggling Atlantic City
The Claridge Hotel in Atlantic City, a nongaming hotel that was built in the 1920s and recently refurbished, is shown Tuesday, Sept. 9, 2014 By Howard Stutz, Las Vegas Review-Journal ATLANTIC CITY — The Claridge is the past and the…
Commentaries: How Much Are a Casino’s Customers Worth?
By Ken Adams Caesars is said to have a database of over 35 million people. That database is the result of years of mergers, acquisitions and aggressive marketing efforts. The company always touts the database as the major source of…
New Jersey lets MGM keep half of Borgata casino
ATLANTIC CITY, N.J. (AP) – New Jersey casino regulators on Wednesday let MGM Resorts back into the Atlantic City casino market The Casino Control Commission voted to let MGM reclaim its 50 percent ownership of the Borgata. MGM decided in…