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Caesars Entertainment Corp

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  • Atlantic City losing 2 casinos, 5K jobs in 3 days Saturday, 30 Aug 2014 | 9:48 AM ET
    The Revel Casino in Atlantic City on July 30, 2014.

    The Showboat is closing Sunday, followed by Revel on Monday and Tuesday. Trump Plaza is next, closing Sept. 16.

  • Atlantic City losing 2 casinos, 5K jobs in 3 days Saturday, 30 Aug 2014 | 8:49 AM ET

    ATLANTIC CITY, N.J.— A time few could imagine during the not-too-distant glory days of casino gambling has arrived in Atlantic City, where two casinos will close this weekend and a third will shut down in two weeks. What makes it even tougher to swallow is that the Showboat— one of four Atlantic City casinos owned by Caesars Entertainment— is still turning a profit.

  • Aug 29- Four Atlantic City casinos are closing this year, but not all of their gamblers will return to visit eight others that have survived in the down-on-its-luck New Jersey resort. The casinos remaining open in Atlantic City are likely, however, to garner about 60 percent of the revenues that had been generated by the four closing casinos, Bumazhny said.

  • Firm: Atlantic City losing 3 casinos, not business Friday, 29 Aug 2014 | 10:05 AM ET

    ATLANTIC CITY, N.J.— A Wall Street firm predicted Friday that much of the revenue generated by three Atlantic City casinos that are closing will remain in the city after they're gone. It also said it does not see any more casinos closing in Atlantic City for at least the next two years.

  • Baltimore's 1st casino highlights national trend Wednesday, 27 Aug 2014 | 4:32 PM ET

    The Horseshoe Casino in downtown Baltimore opened its doors Tuesday night. Gambling experts say rust-belt towns like Philadelphia, Cleveland and now Baltimore have become desirable casino locations, especially as gambling destinations like Atlantic City continue to plunge into economic decline.

  • Owner says Showboat will definitely close Sunday Wednesday, 27 Aug 2014 | 10:47 AM ET

    ATLANTIC CITY, N.J.— The owner of the Showboat Casino Hotel says the property will definitely shut down on Sunday. Katie Daugherty, a spokeswoman for Caesars Entertainment, told The Associated Press on Wednesday that despite expressions of interest from potential purchasers, the casino will be closed at 4 p.m. Sunday.

  • Nasdaq stocks posting largest percentage decreases Wednesday, 20 Aug 2014 | 1:49 PM ET

    Digital Ally Inc. fell 18.2 percent to $5.79. Cellular Biomedicine fell 8.0 percent to $18.50. ZaZa Energy Corp. fell 7.7 percent to $6.74.

  • Casino workers turn to prayer to save their jobs Wednesday, 20 Aug 2014 | 2:29 AM ET

    ATLANTIC CITY, N.J.— They've turned to politicians, bureaucrats, businessmen and union reps to try to save their jobs at three Atlantic City casinos scheduled to close soon. Eric McCoy, president of the Atlantic City Fellowship of Churches. Union worker Maria Logan, a member of the New Shiloh Baptist Church, said the challenges are big and real.

  • Plans for gambling aired around New Jersey Tuesday, 19 Aug 2014 | 7:28 PM ET

    Developments about the future of gambling in New Jersey came out of Atlantic City, Trenton and the Meadowlands on Tuesday. Jim Kirkos, head of the Meadowlands Regional Chamber of Commerce, said the goal isn't to build a new Atlantic City.

  • Atlantic City fears closing casinos may be eyesore Sunday, 17 Aug 2014 | 9:47 AM ET

    ATLANTIC CITY, N.J.— Before summer ends, Revel, Trump Plaza, the Showboat and the Atlantic Club will be shuttered ex-casinos, leaving Atlantic City officials looking for a way to avoid having dark, empty shells on its signature Boardwalk.

  • Aug 7- Blackstone Group LP, KKR& Co LP and TPG Capital LP have agreed to settle a U.S. lawsuit accusing them of conspiring not to outbid each other and other buyout firms on takeovers of companies, a person familiar with the matter said.

  • July 14- The Trump Plaza Hotel is expected to close in September, making it the fourth casino to close this year in Atlantic City, the faltering New Jersey resort town. Atlantic City, which once held a lucrative East Coast gambling monopoly, has fallen hard as new casinos open in the northeastern United States.

  • ATLANTIC CITY, N.J., July 10- After 19 years working as a cook at Atlantic City's Showboat Casino, Dave Rose is counting the weeks until he and about 2,000 fellow workers lose their jobs when the casino is shuttered at the end of the summer.

  • ATLANTIC CITY, N.J., July 10- After 19 years working as a cook at Atlantic City's Showboat Casino, Dave Rose is counting the weeks until he and about 2,000 fellow workers lose their jobs when the casino is shuttered at the end of the summer.

  • June 27- Debt-strapped casino operator Caesars Entertainment Corp said it will shut its Showboat Atlantic City casino in August due to falling revenue and high property tax in Atlantic City. Revenue from Atlantic City has declined by more than $3 billion since 2006 while competition has grown, Chief Executive Gary Loveman said in a statement.

  • June 27- Casino operator Caesars Entertainment Corp said it will shut its Showboat Atlantic City casino in August due to falling revenue and high property tax in Atlantic City.

  • Gary Loveman said he believed Caesars' finances- its debt carries a speculative grade rating- would not put it at a disadvantage as it seeks a licence in Japan, where a bill to legalise casinos could be put to a vote in parliament this year.

  • TOKYO, June 26- Caesars Entertainment Corp will likely agree to a debt restructuring with bondholders within a year and should have no problem financing a foray into the Japanese market, the debt-strapped casino operator's chief executive said on Thursday.

  • MILAN, June 16- Italian lottery operator GTECH said on Monday it was in preliminary talks to buy Las Vegas- based slot machine maker International Game Technology in a deal that could involve a cash and paper offer.

  • Midday movers: Arista Networks, eBay, Humana & More Friday, 6 Jun 2014 | 12:17 PM ET
    NYSE EuroNext flag hangs outside the NYSE.

    Some of Friday's midday movers: