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  • Wynn Resorts unveils redesign of Massachusetts casino Thursday, 22 Jan 2015 | 2:03 AM ET

    BOSTON— Wynn Resorts unveiled a long-awaited redesign of its proposed Massachusetts casino on Thursday, giving state regulators a glimpse at a gently curving bronze glass hotel tower resembling those of its signature resorts in Las Vegas and Macau. Wynn won the Boston- area's lone casino license with a proposed $1.6 billion complex on roughly 33 acres on the...

  • Judge: Revel sale to Florida developer can proceed Wednesday, 21 Jan 2015 | 9:10 AM ET

    ATLANTIC CITY, N.J.— The Florida developer in line to buy Atlantic City's former Revel casino hotel is threatening to walk away from the deal if a court ruling goes against him. Straub's attorney, Stuart Moskovitz, says the developer may cut his losses at the $10 million deposit and related costs incurred, and abandon the deal, just as a Canadian firm originally...

  • Jan 20- Casino operator Wynn Resorts Ltd has slashed Chief Executive Steve Wynn's salary to $2.5 million per year from $4 million, a regulatory filing showed. Wynn, 72, is worth $3.5 billion, according to Forbes magazine. He will also now have to pay to use the company jet for personal purposes, though the filing outlined a $250,000 credit per year that he will...

  • DES MOINES, Iowa— Iowa lawmakers in both the House and Senate are proposing legislation that would force casinos to comply with the state's smoking ban. Casino floors in Iowa are now exempt from following a 2008 law that prohibits smoking in public places. Herman Quirmbach of Ames would eliminate that exemption.

  • RENO, Nev.— JetBlue Airways' plans for the first, daily non-stop flights linking Reno and New York City have local business and tourism officials excited about the potential impact on the region's broader economy. "This is more significant than just having a new flight," said John Farahi, CEO of Monarch Casino& Resort Inc., which operates the 824- room Atlantis Casino...

  • HONG KONG, Jan 16- One of Macau's largest junkets plans to shut its local VIP rooms in the next few months, Nomura researchers said, as casino revenues in the world's biggest gaming hub take a hit from China's campaign against graft and conspicuous spending. David Group's market share of Macau's VIP market is 3-5 percent, Nomura said in a research note, citing data...

  • ATLANTIC CITY, N.J.— All three Atlantic City casinos owned by Caesars Entertainment remain open, despite a Chapter 11 bankruptcy filing Thursday by a unit of the global gambling giant. Caesars Entertainment Operating Company, the subsidiary of Caesars Entertainment that filed for bankruptcy, owns two of the company's three Atlantic City casinos— Bally's and...

  • Wynn touts $1.6B casino in Boston appearance Thursday, 15 Jan 2015 | 6:59 PM ET

    BOSTON— Casino mogul Steve Wynn, in his first public appearance in Massachusetts since winning the lucrative Boston- area gambling license, promised on Thursday that his $1.6 billion resort for the Everett waterfront will echo the "grand hotels" of the past, offering the largest hotel rooms outside of Las Vegas and other luxury amenities. In his roughly 25-...

  • It's no secret that a unit of casino giant Caesars Entertainment Corp. owes billions of dollars to lenders, hedge funds and investments firms stemming from a $30.7 billion buyout in 2008 that was paid for, primarily, with debt. Gordon Ramsay Pub& Grill locations are inside Caesars Palace and planned for its Caesars Atlantic City property. The restaurant chain...

  • WILMINGTON, Delaware/ CHICAGO Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday in Chicago to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started. The bankruptcy was filed overnight by Caesars Entertainment Operating Company Inc and 179...

  • Pennsylvania casino revenues drop for second year Thursday, 15 Jan 2015 | 2:25 PM ET

    "Increased competition from surrounding states, which are also offering conveniently located casinos to its highest populations centers such as in Pennsylvania, continues to be the biggest impact to growth here," said gaming board spokesman Dough Harbach. Yet Pennsylvania fared well compared to next-door neighbor New Jersey, whose gambling industry...

  • Foxwoods Resort Casino, owned by the Mashantucket Pequots, still reported a decline in the share of wagers known as revenue, to $36.2 million, down 4 percent, from December 2013. The Mohegan Sun posted a 7 percent increase, to $49 million, in revenue, from December 2013. Bobby Soper, president and chief executive officer of Mohegan Sun, credited the falling price of oil...

  • Caesars unit files Chapter 11  Thursday, 15 Jan 2015 | 10:53 AM ET

    Caesars Entertainment put its largest unit into bankruptcy, reports CNBC's Morgan Brennan.

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt, but faced an immediate challenge over where the case should proceed. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and scores of affiliates...

  • Caesars Entertainment's unit files for bankruptcy Thursday, 15 Jan 2015 | 4:26 AM ET
    Caesars Entertainment Corp.'s Caesars Palace in Las Vegas.

    The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday.

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and several affiliates in the U.S. Bankruptcy Court for the Northern District of Illinois.

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt.

  • "It's an absolutely remarkable result for a year that saw so much tumult in the gaming market," said Israel Posner, executive director of the Lloyd D. Levenson Institute of Gaming Hospitality and Tourism at Stockton College. Four casinos in Atlantic City closed in 2014. A fifth, Trump Entertainment's Taj Mahal, narrowly averted closing and remains in bankruptcy.

  • Markets split on endgame for Caesars' looming bankruptcy Wednesday, 14 Jan 2015 | 7:17 PM ET

    Jan 14- On the eve of Caesars Entertainment Corp's $10 billion debt-cutting bankruptcy, markets are reflecting two competing views of how the casino company's high-stakes plan will play out. "The fact there is equity value in Caesars, that equity value describes a really optimistic view of how this will play out," said Chris Snow, an analyst with CreditSights.

  • Full-year 2014 revenue for Atlantic City casinos Wednesday, 14 Jan 2015 | 3:41 PM ET

    FULL-YEAR 2014 REVENUE FOR ATLANTIC CITY CASINOS:. —Trump Taj Mahal $215.8 million. Source: New Jersey Division of Gaming Enforcement.