Caesars Entertainment has offered an additional $1.6 billion to its junior creditors in order to get the CEOC bankruptcy lawsuit out of the way. The new figure pushes the compensation for the litigants from nearly $4 billion to over $5.5 billion. The offer has one major stipulation: the creditors have
The Sands Casino in Bethlehem, Pennsylvania is planning a $40 million expansion. The Sands Bethlehem is one of the nation's most lucrative table game operators. The casino is the most profitable in Pennsylvania, which now raises more money from gambling than any other state, besides Nevada. The planned expansion would
The Southern Nevada Tourism Infrastructure Committee approved a $750 million public funding plan put forward by the Oakland Raiders and its financial backers on Thursday. The proposal calls for a $1.9 billion NFL-ready stadium in an undetermined location in the Las Vegas area. The Tourism Infrastructure Committee's proposal is the
Two British YouTubers are the first to be cited for advertising unlawful gambling on video games by regulators in the United Kingdom this week. The case had been brought by the UK Gambling Commission, who allege vloggers Dylan Rigby and Craig Douglas are promoting unlawful gambling through their YouTube accounts.
The Bellagio Resort & Casino has installed new electronic baccarat and electronic roulette games near their live dealer tables. The "electronic gaming tables" or ETGs were purchased from International Game Technology's Dynasty line of gaming cabinets. The Bellagio, one of the prestigious Las Vegas Strip casinos owned by MGM Resorts,
Paul Fireman, the former CEO of Reebok International, wants to build a $4.6 billion casino in Jersey City. To make his ambitions possible, Fireman has begun a public relations campaign to get the voters of New Jersey to approve a November referendum for an expansion of casino gambling to North
The full schedule has been announced for the upcoming Global Gaming Expo, which takes place from September 27 to September 29 at the Sands Expo in Las Vegas. The key note speakers each day include David Jr. Stern, former NBA Commissioner; Scott Klososky, tech expert and author; and Frances Townsend,
The mediator for the $18 billion bankruptcy case involving Caesars Entertainment Operator Company (CEOC) resigned from the case on Friday. The decision by the mediator to step down is another odd twist to the case -- one which might set back a resolution by months. The CEOC bankruptcy filing was
William "Ted" Forrest, a professional poker player who has won 6 World Series of Poker bracelets and collected millions of dollars in winnings, is being prosecuted in Las Vegas for debts he owes to the Wynn Las Vegas. Forrest's lawyer claims the case should be in civil court, but Forrest's
The Autorite des marches financiers (AMF), a Montreal-based financial regulator, released a report on the allegations former Amaya CEO David Baazov might have engaged in insider trading. The AMF's charges led to David Baazov's resignation from all positions of authority in the software design company he founded. La Presse has
A U.S. Open match between Vitalia Diatchenko of Russia and Timea Bacsinszky of Switzerland is being investigated for suspicious betting activity the Tennis Integrity Unit. The TIU is pro tennis's primary anticorruption body in monitoring for signs of match fixing. The match being investigated took place on August 30th between
Legendary musician Bob Dylan is working on a metalwork sculpture for the MGM National Harbor casino. When completed, the 26-foot by 15-foot sculpture is going to stand at the west entrance to the casino. The sculpture is part of a larger effort to decorate the area surrounding MGM National Harbor
