The Caesars Entertainment Corporation bankruptcy proceeding got a little more complicated this week when one group of creditors sued another group of creditors. The junior lienholders, who currently have a lawsuit against the Caesars Entertainment Operations Company (CEOC), are now suing the first lienholders. The group of bondholders say the
Steve Wynn's gaming company continues to deal with the political fallout of winning the Boston-area gaming license. This week, as Wynn Resorts faces mounting political and legal challenges to its casino development in Everett, the company launched a public relations offensive to justify its role in the Boston economy. Wynn
Officials in two U.S. states ruled this week in longstanding cases involving gaming facilities. In Nevada, the Gaming Control Board recommended that state officials should reject the gaming application of a California businessman. In Alabama, a judge delayed a decision on whether racetrack owner Milton McGregor should have 1600 bingo
Wynn Resorts profits fell 72% from where they were at the same time last year, after Q2 earnings were released to shareholders last week. Wynn's net profits were $56.5 million in the three months ending June 30, which is off 72% from April, May, and June of 2014. Most of
Alabama gambling expansion cleared its first hurdle on Tuesday, though tempers flared in the Alabama Senate during the debate. The dramatic verbel showdown took place in the Senate Tourism and Marketing Committee, which voted 6-2 in favorte of holding a state referendum. According to the Washington Times, the referendum would
Churchill Downs is the latest gaming company to forge an online poker partnership. The world's most famous horse racing venue reached a deal with the Crystal Casino & Hotel in Los Angeles and the Ocean's 11 in Oceanside. The two casinos are owned by the same gaming group. While the
People with ties to the New Jersey gambling industry are among a long list of donors to America Leads, the Super Pac which is funding Chris Christie's presidential bid. While the gaming industry is by no means the only big contributions to the campaign, the largest single donor wants to
The Alabama Jobs Foundation, which supports Sen. Del Marsh's plans to legalize a state lottery, released poll numbers this week which indicated Alabamians want a vote on expanded gambling. The numbers show 80% of Alabama's citizens of voting age want a state lottery. The Alabama Jobs Foundation is a nonprofit
Two high-ranking gaming officials in Massachusetts have resigned. James McHugh, a member of the Massachusetts Gaming Commission and former state judge, plans on retiring effective September 28. Rick Day, an Executive Director on the Gaming Commission, is resigning. His resignation is set to go into effect after a scheduled vacation
The news a couple of weeks ago that 888 Holdings had won the competition to buy Bwin.Party might have been premature. 888 Holdings's rival in a buyout has reentered the field with a better offer than one which was turned down earlier in July. To hear one major investor in
An audit of the Division of Gaming Enforcement and Casino Control Commission shows New Jersey gaming regulators misused state-owned cars. The audit found, 77% of the time, employees who used the agency's 109 cars commuted to and from work in them. Using cars for personal use is against state policies.
Indiana Governor Mike Pence said through a spokesman this week that he has no intention to shut down a euchre game which is played by seniors for entertainment. Pence's spokesman said the governor had asked the gaming commission to "ensure common sense prevails". Meanwhile, the Indiana Gaming Commission's executive director
