UK Poker site PKR shuts down due to financial difficulties

UK-licensed online poker site PKR is shutting down after suffering “financial difficulties”, official statements posted on the website last Wednesday revealed. As the update stated, the operator is...

Polish subsidiary of Olympic Entertainment Group files for bankruptcy

Eastern European casino operator Olympic Entertainment Group has announced that its Polish subsidiary has filed for bankruptcy protections following a late-September decision from the Finance Ministry not to...

Caesars reportedly considering $4b offers for Caesars Interactive Entertainment

Faced with the possibility of being forced into Chapter 11 bankruptcy, Caesars Entertainment Corp (NASDAQ: CZR) is considering selling its interactive unit, which is one of the company’s few...

Macau junket promoter declared bankrupt

In September, beleaguered Macau junket investor Iao Kun closed three VIP rooms in the special administrative region. Two of the rooms were located on Galaxy Entertainment Group (GEG)...

New Jersey regulator approves Caesars reorganization plan

As it continues to implement a reorganization plan as part of an attempt to emerge from bankruptcy, Caesars Entertainment Operating Company Incorporated has reportedly received approval to lease...

Caesar’s Operating Arm Resolves Lender Disputes Over Bankruptcy Exit

Caesars Entertainment Operating Company – the operating arm of Caesar’s Entertainment Corp (CEC)., finally resolved their lender disputes Friday, leaving the door open for the long-awaited plan to...

Caesars offers junior creditors another $1.6b

Caesars Entertainment has updated its initial offer to junior bondholders for another $1.6 billion. With the latest addition to the initial $4 billion, the offer goes over $5...

Trump Taj Mahal officially shuts down

As of 5:59 a.m., on October 10, 2016,  the Trump Taj Mahal became the 5th casino to shut down in Atlantic City, New Jersey since 2014. Almost 3,000...

Bahamian Government backs decision over liquidation of the Baha Mar Casino...

The Baha Mar Casino and Hotel was the biggest integrated casino resort to be developed in Nassau, Bahamas at an estimated $3.5 billion. The casino resort was initially...

Caesars Entertainment Corp gets reprieve till October 5 from bonds amounting...

Caesars Entertainment Corp has succeeded in getting a temporary reprieve till October 5 from multiple lawsuits that amount to over $11 billion in claims. U.S. District Judge Robert...

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