Bondholders standing to lose $2.5 billion in the Station Casinos Inc. bankruptcy case moved Tuesday to delay the Las Vegas company’s auction process while they appeal a court ruling.
Posts Tagged ‘Companys’
Station Casinos bondholders seek delay in auction process
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Sands Raises Earnings Forecast for Singapore Casino (Update1)
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Las Vegas Sands Corp. Chairman Sheldon Adelson raised his earnings forecast for the companys Singapore casino resort and said the $5.5 billion invested will be recouped over five years.
Wynn Resorts considering moving headquarters to Macau
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Wynn Resorts Chairman and CEO Steve Wynn told CNBC on Wednesday that he is considering moving the company’s global headquarters from Las Vegas to Macau.
MGM Mirage to drop Atlantic City casino (Malaysian Mirror)
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HONG KONG -MGM Mirage has confirmed it will unload its stake in a US casino resort to settle a fight with US gaming regulators over the company’s Macau business partner. Read more…
MGM Mirage to drop Atlantic City casino (AFP via Yahoo! News)
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MGM Mirage has confirmed it will unload its stake in a US casino resort to settle a fight with US gaming regulators over the company’s Macau business partner.
Online Casino Rumored to Have Major Security Breech
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Online gambling operator Ladbrokes is trying to clean up a mess started when an unknown source contacted a UK newspaper offering to sell the gaming company’s data base of private customer information.
Harrahs uses resort fees to take swing at competitors
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Struggling under a mammoth debt burden in penny-pinching times, Strip casino giant Harrah’s Entertainment is taking the offensive with a press release informing consumers that none of the company’s Las Vegas hotels charge so-called mandatory resort fees.
New Jersey could come between MGM Mirage, Macau
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This month’
Frenzied appeal to finish the job
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Jim Murren was MGM Mirage’
Culinary Union sides with Station Casinos creditors
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The Culinary Union heightened the drama in its fight with Station Casinos last week, blaming a management-led buyout for the company’
Lenders with mortgage want to give Station more time to plan reorganization
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Additional Station Casinos Inc. lenders have weighed in on the Las Vegas company’s request that it be allowed an extra four months to exclusively propose a plan of reorganization.
In U.S. Bankruptcy Court filings Tuesday, lenders holding a mortgage against four of the company’s most valuable properties said they are fine with the extension — as long as Station doesn’t try to cancel a lease covering those four properties.
US Online Gambling Consolidates in Churchill Downs Move
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The small number of online gambling operators in the US shrank as Churchill Downs acquired Youbet in an expansion of the company’s Internet gaming capabilities.
Century Casinos Pulling Out Of South African Gambling Market
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Century Casinos Inc. has found a buyer for their South African subsidiary and the closing date of June 30th will end the company’s run in the country.
Mystery men: How to safely bet baseball's pitching debuts
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Whenever a pitcher makes his Major League Baseball debut, the effect for sports bettors can be akin to unwrapping a present at the company’
