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Atlantic City Gambling News

Caesars skips $225 million interest payment

The interest payment, due on second-tier debt covering its Caesars Entertainment Operating Co., business unit, has a 30-day grace period. read more

Atlantic City revenues both up and down

New Jersey total gaming win up 11.5 percent for November but online gambling revenue down from last month. read more

Caesars says several creditors leave talks over restructuring debt

Shares of Caesars, traded in Nasdaq, fell $2.03 or 13.66 percent to close at $12.83. read more

Atlantic City saw $120 million in online gambling revenue

Online gambling has not proved the panacea to Atlantic City's economic woes in its first year. read more

Many come to bury Caesars, not to praise the casino company

The nation’s largest casino operator is under attack from all fronts as it struggles to restructure its gaming industry-high debt load of $22.8 billion. read more

Borgata Hotel Casino & Spa announces plans for $13 million renovation

Borgata Hotel Casino & Spa today announced details of the $13 million property-wide renovation. read more

Analyst: Philadelphia doesn't need another casino

Analysts don’t believe a fifth Philadelphia-area casino can thrive in what’s becoming an oversaturated market. read more

Caesars calls latest default notice 'meritless'

On Monday, Caesars said it received a default notice last week from UMB Bank related to its senior-secured notes covering CEOC. Caesars said it “does not believe that a default or an event of default has occurred.” read more

Analysts favor Caesars move to put key unit into REIT

Fitch Ratings Service said in a report, however, the spinoff won’t prevent Caesars from having to go through bankruptcy reorganization to restructure its $22.8 billion debt. read more

Inside Gaming: Internet poker in California shapes up as coveted prize

Internet gaming proponents think the Golden State will erase doubts about the financial strength of the activity that is burdened by setbacks in New Jersey, Nevada and Delaware. read more

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