Caesars Entertainment Corp. (CZR) has reached an agreement with its most-senior lenders on a restructuring plan that includes turning its largest unit into a real estate firm, according to a report this morning from Bloomberg.
Gaming Insider | Last week’s rejection of New Jersey’s plans by a federal judge have not derailed the likelihood of change. The state has already declared its intention to appeal Judge Michael Shipp’s turn-down to the Third Circuit Court of Appeals.
Gaming Yesterday | The Royal Casino, not to be confused with Michael Gaughan’s Royal Inn next-door, was a made to order movie set.
It was the enthusiasm of Prime Minister Shinzo Abe that attracted the world’s largest gaming companies to envision a casino operating in Japan during the 2020 summer Olympics, and it was Abe’s political move that ended the dream last week.
While U.S. lawmakers sit on the sidelines, fearing to address such a weighty subject as online gambling, officials of the Ontario Lottery & Gaming Corp. have decided to gamble on a digital future, primarily to attract millennials.
Just as the gaming industry began to give some support to the idea that Caesars Entertainment Corp. (CZR) could transform itself into two divisions, including a real estate investment trust (REIT), company officials downplayed that maneuver.
Now that voting has ended, the New York Gaming Facility Location Board can focus on awarding four casino licenses for the northern part of the state.
Malaysia’s Genting Bhd has announced a partnership between Genting Hong Kong Ltd. and mainland China’s real estate developer, Landing International Development Ltd., in a joint venture operation involving a casino on Jeju Island in Korea.
With the departure of Ultimate Gaming and reports of underwhelming participation during its first year, Internet gambling in New Jersey has come under attack from those opponents who want to shut it down completely.
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Scientific Games Corporation (SGMS), a company that operated primarily in the horse racing business as a provider of ticket-issuing machines under the banner of Autotote before it merged with America’s largest lottery company, became a major player in the casino business on Friday with its merger with Bally Technologies Inc. (BYI).