Caesars Entertainment Operating Co. filed for Chapter 11 bankruptcy on Thursday, touching off a what is certain to be a lengthy court battle over $10 billion in debt. Caesers Entertainment Operations Co (CEOC) is a division of Caesars Entertainment, the largest American gaming company, which is saddled with $23 billion
The U.S. Treasury Department sent an open letter to American casinos on December 24 asking them to combat illegal sports gambling. The letter, which was made public this week, told casinos, "Increases in sports betting conducted on behalf of third parties are facilitating criminal activity and posing a money laundering
Now that the 2014 gaming statistics have been tabulate, it's clear that video gambling revenues continue to decline in the state of Montana. The numbers declined by 0.2 from 2013 to 2014, according to the Montana Justice Department's Gambling Control Division. While that might not sound like a major decline,
Atlantic City's city council agreed to a plan for steep budget cuts over the next four years, but also refused to follow the ideas of a state-appointed emergency manager. The city council met on Wednesday of last week to discuss the gambling destination city's recovery plan, after it was learned
Two of New Jersey's largest Internet poker sites will begin sharing players between them beginning next week. The two affected sites are 888poker.com and WSOP.com. The move will allow the sites to guarantee larger prize pools, which should lead to greater player satisfaction and perhaps better participation. Caesars Interactive, which
State Representative Alan Morrison introduced two bills today on the floor of the Indiana that would legalize sports gambling in the state. Alan Morrison says he sees the national trend heading towards unfettered sports gambling. He also sees the rise in daily online fantasy sports betting. Both of these trends
Boston Mayor Martin J. Walsh has filed a lawsuit against the Massachusetts Gaming Commission to end development on the planned Wynn Casino in Everett. Mayor Walsh's filing asked a court to void the commission's license approval for the Wynn Resorts project. The filing also asked the judge to declare that
Anthony Barksdale, the Baltimore former acting police commissioner, took as job as the security director of Horseshoe Baltimore when it opened four months ago. The casino announced yesterday Barksdale would be leaving the casino's service, after only 4 months on the job. Being Replaced by John Zappas In a written
Macau's gambling industry faced its first economic downturn in 10 years, due to a crusade against corruption launched in Beijing. The fact that the crusade is unlikely to abate anytime soon was underscored by Xi Jinping's visit to the gaming enclave a couple of weeks ago. In that visit, Xi
The Oregon Ducks go into the 2015 NCAA National Championship Game as a 7-point favorite, according to Caesars Palace Sportsbook. The Ducks entered the 4-team BCS Playoff as the #2 seed, while OSU entered as the #4 seed. The Ducks are the favorites perhaps due to the youth of the
When the UIGEA law was passed in 2006, the U.S. Congress believed it had found a way to scare payment processing companies away from the online gambling industry. That was the case for the first few years of the UIGEA's existence, but the law has never acted as the deterrent
PartyPoker will make improvements to its online gambling software for New Jersey gamblers in the coming months. When improvements are made, it will be easier for players to know which tables are available for gaming without constant check-ins to the lobby. The software developers are still in the design phase
