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Atlantic Club closing / A sad reality

News that the Atlantic Club Casino Hotel will close in January is sad but not unexpected - sad for the 1,600 employees who face losing their jobs and sad for a city that has seen its casino industry struggle in an increasingly difficult business climate.




article Threat of Bankruptcy Recedes for Atlantic City
(Atlantic City) -- State officials running a takeover of Atlantic City government have resolved one of the most pressing issues facing the financially troubled city: the...


article New Jersey commission OKs Caesars bankruptcy plan
(New Jersey) -- The New Jersey Casino Control Commission has given its thumbs-up to a plan that would lease operations of Caesar Entertainment Operating Co.’s (...


article Icahn companies take ownership of Taj
(Atlantic City) -- Carl Icahn’s companies officially own Trump Taj Mahal. The bankruptcy reorganization of Trump Entertainment Resorts was consummated Friday,...
article Taj Mahal casino out of bankruptcy, into Icahn's hands
(Atlantic City) -- The name on the side of the building still says "Trump," but Atlantic City's Taj Mahal casino is now owned by a different billionaire -...


article Judge rules Diamondhead Casino doesn't need trustee
(Mississippi) -- A U.S. Bankruptcy judge in Delaware has ruled that a trustee doesn't need to be appointed while Diamondhead Casino Corp. fights an involuntary...


article LEGAL BLOG: How The Casino Kept Its Chips From A Bankruptcy Claw-Back
(USA) -- Insiders who loot their corporate entities often dispose of the cash proceeds in transactions with third parties. A recent Seventh Circuit opinion, In re...


article Sault Tribe protected by sovereign immunity in casino dispute
(Michigan) -- Congress did not waive tribal sovereign immunity in bankruptcy proceedings, a federal judge ruled in a case involving the Sault Tribe Tribe of Chippewa...


article Baha Mar Resort Files Bankruptcy Blaming Contractor Delays
(Bahamas) -- The owners of Baha Mar, a Caribbean resort project valued at more than $3.5 billion, filed for bankruptcy court protection in Delaware, blaming delays by...
article Baha Mar resort in Bahamas files for U.S. bankruptcy
(Bahamas) -- The developer of the $3.5 billion Baha Mar resort in the Bahamas filed for bankruptcy in the United States on Monday and blamed its Chinese general...
article Bahamas megaresort developer is bankrupt
(Bahamas) -- The developer of a $3.5 billion hotel-and-casino project under construction in the Bahamas announced Monday that it has filed for U.S. Chapter 11 bankruptcy...
article Bahamas Resort Baha Mar Files for Bankruptcy Protection
(Bahamas) -- Baha Mar Ltd., the development company behind the massive $3.5 billion resort complex in the Bahamas, filed for bankruptcy protection Monday, blaming a...
article Baha Mar, the huge Bahamian resort, files for bankruptcy protection
(Florida) -- Troubled by construction delays, the developer of Baha Mar — the Bahamian luxury resort being built with the help of Chinese financing and labor...


article Bankruptcy wrangling for ex-Trump, Revel casinos
(Atlantic City) -- Some of the hottest action in Atlantic City involves closed casinos in bankruptcy court, where Donald Trump is trying to recoup rent he paid on a...


article Bankruptcy wrangling for ex-Trump, Revel casinos
(Atlantic City) -- Some of the hottest action in Atlantic City involves closed casinos in bankruptcy court, where Donald Trump is trying to recoup rent he paid on a...


article Argosy bankruptcy case dismissed, mayor looks forward to riverfront development
(Iowa) -- Nearly two months after a federal judge rejected a bankruptcy bid by the owners of the Sioux City's Argosy Casino, the entire bankruptcy case has been...


article Judge dismisses Argosy bankruptcy case
(Iowa) -- A federal judge in Pennsylvania on Thursday dismissed a bankruptcy case involving the former Argosy Sioux City.


article U.P. tribe planning casino near Metro Airport also lost Greektown site in bankruptcy
(Michigan) -- The Upper Peninsula Indian tribe that wants to build a casino near Detroit Metro Airport is the same tribe that opened Detroit’s Greektown Casino-...


article Argosy loses bid to keep casino open past July 1
(Iowa) -- The Argosy Sioux City's owner can't use a Chapter 11 filing to stop Iowa gaming regulators from closing the riverboat casino, a federal bankruptcy...


article Iowa Casino Files For Bankruptcy Protection
(Iowa) -- One of Iowa’s gambling facilities has filed for Chapter 11 bankruptcy protection in order to avoid closing this summer, the Sioux City Journal reported.


article Belle of Sioux City, owner of the Argosy Casino, files bankruptcy to try to keep casino open
(Iowa) -- The owner of Sioux City's Argosy Casino has gone back to court, along with all of the other gaming players in Woodbury County. But this time, they're...


article Argosy owner seeks bankruptcy protection to keep casino open
(Iowa) -- The owner of the Argosy Sioux City wants to use federal bankruptcy law to stave off the forced closure of the floating casino.
article Sioux City’s riverboat casino, ordered closed by July 1, files for bankruptcy
(Iowa) -- Sioux City’s Argosy riverboat casino has filed for bankruptcy. Sioux City Mayor Bob Scott and his staff are reviewing the court documents to see what the...


article Money Centers Creditor Says Mismangement Warrants Trustee
(Delaware) -- The creditor whose contract dispute in part drove casino check-cashing firm Money Centers of America Inc. to Chapter 11 tried to convince a Delaware...


article Washington Casino Files for Bankruptcy, Cites Smoking Ban
(Washington) -- The owner of a Washington state casino filed for Chapter 11 on Tuesday, tracing its decline to a 2005 state smoking ban that drew gambling smokers to...


article Money Centers of America files bankruptcy, fights tribe judgements
(Pennsylvania) -- Money Centers of America, a King of Prussia firm that manages electronic payments for gambling casinos, has filed for Chapter 11 protection in federal...


article Money Centers of America Files for Bankruptcy
(USA) -- Money Centers of America Inc., which operates check-cashing services in American Indian casinos, filed for Chapter 11 bankruptcy protection Friday amid...


article Eagle River Casino to remain open despite bankruptcy
(Edmonton) -- The Eagle River Casino on the Alexis First nation outside Whitecourt, Alta., will continue to operate despite bankruptcy proceedings.


article Eagle River Casino Near Edmonton May Close Due To Bankruptcy
(Canada) -- Gamblers in Edmonton and its surrounding areas may have one less casino to place their bets before the end of February.


article Gambling revenue at heart of Detroit's dilemmas, new and old
(Detroit) -- For Detroit, the road in and out of U.S. bankruptcy court is paved with casino money. An economic lifeline, wagering tax revenue from the city's three...


article Dismantling of closed Atlantic Club casino starts
(Atlantic City) -- The dismantling of the former Atlantic Club Casino Hotel has begun in Atlantic City. Workers disconnected hundreds of slot machines, wrapped them in...


article Atlantic Club casino shuts its doors
(Atlantic City) -- The Atlantic Club Casino Hotel closed early Monday, a victim of the casino saturation taking place in the Northeast.
article Atlantic Club closes: Loyal customers can cash in comps at other casinos
(Atlantic City) -- The Atlantic Club Casino has closed its doors, but that doesn't mean your comps will go to waste. Some Atlantic City casinos are stepping up and...
article Former Atlantic Club workers get help dealing with loss of jobs
(Atlantic City) -- “Fifty-seven, No. 57 for unemployment,” a voice boomed Monday at the union hall of UNITE-HERE Local 54.
article Newly jobless NJ casino workers try to cope
(Atlantic City) -- At a minute past midnight, Debra Wagner was suddenly unemployed. A housekeeper for 23 years at the Atlantic Club Casino Hotel, she was one of 1,600...
article OP/ED: Atlantic Club's closing / Creative destruction?
(Atlantic City) -- Well, for the first time since Steve Wynn opened the Golden Nugget Hotel & Casino in December 1980 - the second built-from-scratch casino hotel in...
article Victim of casino glut, N.J.'s Atlantic Club closes
(Atlantic City) -- New Jersey's Atlantic Club Casino Hotel shut down early Monday morning, the victim of a glut of casinos in the northeastern U.S.


article Casino closure reflects gambling's new reality
(Atlantic City) -- When the Atlantic Club Casino Hotel closes Monday, the loss of 1,659 jobs will be a terrible blow to the community, but eliminating a casino with 1,...
article Last guests depart, Atlantic Club goes quiet
(Atlantic City) -- And then there were 11. Atlantic Club Casino Hotel quietly shut its doors at midnight today amid little fanfare. Only a small crowd of loyal patrons...
article NJ's Atlantic Club Casino Hotel closes
(Atlantic City) -- The embattled Atlantic Club Casino Hotel closed early Monday, a victim of the casino saturation taking place in the Northeast.


article Atlantic Club outlines process for closing
(Atlantic City) -- Atlantic Club Casino Hotel has announced more specifics about its closing procedures as the more than 1,600 employees who will be unemployed Jan. 13...


article Atlantic Club’s Days are Numbered
(Atlantic City) -- The Atlantic Club Casino in Atlantic City, formerly the Golden Nugget, will be closing its doors for good on Jan. 13 after a ruling from a federal...


article Casino closure means tax-revenue drop for A.C.
(Atlantic City) -- Shock did not exactly resonate here when word got out that the Atlantic Club would shut its doors for good next month.
article Miami Jai-Alai Can Sell Assets During Bankruptcy Auction
(Florida) -- Historic sporting venue and casino Miami Jai-Alai received bankruptcy-court approval to take its assets to auction on March 25 with Silvermark LLC having...


article Atlantic Club closing / A sad reality
(Atlantic City) -- News that the Atlantic Club Casino Hotel will close in January is sad but not unexpected - sad for the 1,600 employees who face losing their jobs and...


article Atlantic Club Casino Eliminated for Good in NJ’s Internet Gambling Market
(Atlantic City) -- The Atlantic Club (AC) Casino’s bankruptcy proceedings culminated in a two-day closed-door auction last December 17, 2013. The results of which...
article Christmas cheer harder to come by for many soon-to-be-jobless workers at Atlantic club casino
(Atlantic City) -- A Blue Christmas doesn't begin to describe what many workers at the doomed Atlantic Club Casino Hotel will have Wednesday.
article Philadelphia investors kicked the Atlantic Club's tires
(Atlantic City) -- Philadelphia-area investors were among those who looked at the Atlantic Club's financials last summer, while investment bankers were trying to...
article Judge approves casino's closure
(New Jersey) -- A slowdown brought on by the rapid proliferation of casino gambling in the northeastern United States claimed its first victim in New Jersey Monday when...


article After Atlantic Club sale, who's next in A.C.?
(Atlantic City) -- When the Atlantic Club Casino Hotel closes next month, under a bankruptcy sale approved Monday, it will be the first victim of a slump that has seen...
article Atlantic City’s Atlantic Club To Close After Bankruptcy Auction [sub req'd]
(Atlantic City) -- Two Atlantic City rivals swooped to acquire the assets of the Atlantic Club resort last week, prompting the casino to close and reducing gaming supply...
article Atlantic Club bankruptcy sale approved in Camden today
(Atlantic City) -- The sale of The Atlantic Club casino property to Caesars and the gambling equipment to Tropicana for a combined $23.4 million – a deal that...
article Federal judge approves sale of Atlantic Club Casino Hotel in Bankruptcy Court
(Atlantic City) -- A federal judge approved the sale of the Atlantic Club Casino Hotel to Tropicana and Caesars Monday morning following an objection from another party...
article Federal judge OKs Atlantic Club casino sale
(Atlantic City) -- A federal judge Monday approved a plan allowing two competing casino operators to shutter Atlantic Club Casino Hotel despite protest from an opposing...
article Judge in NJ approves Atlantic Club casino shutdown
(Atlantic City) -- A slowdown brought on by the rapid proliferation of casino gambling in the northeastern United States claimed its first victim in New Jersey on Monday...
article Judge to rule on NJ’s Atlantic Club casino closing
(Atlantic City) -- A federal bankruptcy court judge is getting ready to decide whether the Atlantic Club Casino Hotel in Atlantic City can be shut down next month. Two...
article MEHAFFEY: Atlantic Club Closure Not Surprising Consider Atlantic City Market Conditions
(Atlantic City) -- The Associated Press is reporting that Atlantic Club will close on January 13, 2014. This comes after Caesars Entertainment and Tropicana...


article Atlantic Club Casino Hotel to be sold, stripped for parts and closed
(Atlantic City) -- The casino that would become The Atlantic Club opened as The Golden Nugget in late 1980, an opulent pleasure palace by the sea whose commercials...
article Atlantic Club casino in Atlantic City closing Jan. 13
(Atlantic City) -- The Atlantic Club Casino Hotel in Atlantic City says it will close on Jan. 13, reducing the number of casinos in the struggling gambling resort to 11.
article Atlantic Club to Close With Rivals Buying up Pieces
(Atlantic City) -- The Atlantic Club Casino Hotel will close in January in the wake of a bankruptcy auction that will see pieces of the operation acquired by rivals on...
article Court filing says Caesars Entertainment plans to buy Atlantic Club
(Atlantic City) -- A bankruptcy court filing says Caesars Entertainment intends to buy the Atlantic Club in Atlantic City. The document filed Friday afternoon lists the...
article Tropicana, Caesars to buy, close Atlantic Club Casino Hotel
(Atlantic City) -- Two casino firms agreed to buy and close the bankrupt Atlantic Club Casino Hotel Jan. 13, spending $23.4 million to cut the number of gambling halls...


article Atlantic Club bankruptcy auction continues for second day; union objects to potential sale
(Atlantic City) -- Atlantic Club’s largest union has moved to block the sale of the casino unless the buyer adopts a union contract covering 750 casino employees.


article Bankruptcy bids resume for Atlantic Club casino
(Atlantic City) -- A bankruptcy auction of a struggling Atlantic City casino has resumed. The second day of bidding for the Atlantic Club Casino Hotel got underway at 10...
article Day 2 of Atlantic Club auction ends without winner
(Atlantic City) -- Nothing has been easy with efforts to sell The Atlantic Club Casino Hotel. Numerous potential buyers kicked the tires, but passed. Finally, a bargain-...
article Union Asks Judge to Block Casino Sale
(Atlantic City) -- The difficult process of finding a new buyer for a struggling Atlantic City casino got even harder Wednesday when a casino workers union added a new...


article Bankruptcy auction of Atlantic Club Casino Hotel opens behind closed doors
(Atlantic City) -- Teams of attorneys spent hours behind closed doors at a North Jersey law office Tuesday in the hope that a bankruptcy auction for the Atlantic Club...
article Day 1 of AC casino auction ends without winner
(Atlantic City) -- Eleven hours of bidding for an Atlantic City casino failed to produce a new owner for it on Tuesday. The bankruptcy auction of The Atlantic Club...


article Court trims bonuses to bankrupt Atlantic Club Casino executives
(Atlantic City) -- A bonus program designed to reward seven Atlantic Club executives was slashed in court Monday after a group of creditors and a federal trustee lodged...
article Possible payout reduced for execs of bankrupt casino
(Atlantic City) -- A federal bankruptcy judge in Camden on Monday approved a modified incentive plan for key employees of the bankrupt Atlantic Club Hotel & Casino,...


article Atlantic City's Atlantic Club plans sale
(Atlantic City) -- The Atlantic Club Casino Hotel plans to seek bids from potential buyers by Nov. 18, and sell itself at a bankruptcy auction by mid-December.
article Companies allowed 10 days to bid on Atlantic Club
(Atlantic City) -- A U.S. Bankruptcy Court judge approved a plan Friday allowing companies just 10 days to bid on the Atlantic Club Casino Hotel.


article Atlantic Club casino in bankruptcy court Friday
(Atlantic City) -- The latest Atlantic City casino to file for bankruptcy is asking a judge to let it keep operating as usual while it seeks a buyer. The Atlantic Club...
article Atlantic Club Casino to sell itself at auction next month
(Atlantic City) -- The Atlantic Club Casino Hotel plans to seek bids from potential buyers by Nov. 18, and sell itself at a bankruptcy auction by mid-December. The...
article Companies allowed 10 days to bid on Atlantic Club
(Atlantic City) -- A U.S. Bankruptcy Court judge approved a plan Friday allowing companies just 10 days to bid on the Atlantic Club Casino Hotel.


article A.C. casino asking for bankruptcy protection
(Atlantic City) -- Another Atlantic City casino has filed for bankruptcy protection. The Atlantic Club Casino Hotel says it will remain open as it seeks a buyer in...
article Atlantic Club Casino files for bankruptcy
(Atlantic City) -- The Atlantic Club Casino Hotel has announced that it has filed petitions for bankruptcy. The casino is seeking Chapter 11 bankruptcy protection to...
article Atlantic Club casino seeks bankruptcy protection, will stay open as buyer is sought
(Atlantic City) -- The Atlantic Club Casino Hotel filed for Chapter 11 bankruptcy protection Thursday, the second Atlantic City casino to do so this year. Half the city...
article The Atlantic Club in AC files for Chapter 11
(Atlantic City) -- “The Atlantic Club Casino Hotel announced today that it has filed voluntary petitions for Chapter 11 protection in the United States Bankruptcy...


article Detroit secures $350M loan to help pay off debt
(Detroit) -- Cash-strapped Detroit has secured a $350 million loan to help pay off some of its massive pension debt, state-appointed emergency manager Kevyn Orr said...


article Detroit’s Casino-Tax Dollars Become Big Issue in Bankruptcy Case
(Detroit) -- Detroit had a bit of rare good fortune as it hurtled toward bankruptcy last summer — a couple of banks were willing to let it out of some expensive...


article Detroit must ditch swaps to keep access to casino taxes, Kevyn Orr says
(Detroit) -- Why is Orr proposing this settlement? In 2009, Detroit pledged its wagering taxes as collateral to avoid an immediate payment of $300 million to $400...


article Bankruptcy judge blocks insurer from capturing millions in tax revenue from Detroit casinos
(Detroit) -- U.S. Bankruptcy Judge Steven Rhodes on Wednesday blocked an insurer of Detroit’s debt from capturing millions in monthly wagering tax revenue from the...
article Court ruling clears way to use $1.25 billion in casino revenue for Detroit improvements
(Detroit) -- A ruling handed down in bankruptcy court Wednesday will allow Detroit to proceed with its $1.25 billion plan to upgrade city services and infrastructure,...
article Detroit Judge Rules Syncora Can’t Freeze Casino-Tax Revenue
(Detroit) -- The judge overseeing Detroit’s bankruptcy said the city’s casino tax revenue is protected by U.S. law and can’t be frozen by Syncora...
article Detroit to keep access to casino tax revenues, bankruptcy judge rules
(Detroit) -- The City of Detroit can continue to access its casino tax revenues while a potential settlement related to a pension debt deal is decided during the city...


article Casino takeover plot alleged in Miami Jai-Alai bankruptcy - slideshow
(Florida) -- Miami Jai-Alai casino and gaming facility is accusing its lender, ABC Funding, of a plot to take over the casino despite repeated attempts to pay back its...
article Miami Jai-Alai bankruptcy facts: 500 jobs at stake
(Florida) -- Miami Jai-Alai’s bankruptcy filing on Monday highlighted a number of facts about the company, including that 500 jobs are at stake.
article Miami Jai-Alai Files For Bankruptcy Protection
(Florida) -- Not even a new casino could save Miami Jai Alai. Its parent company, Florida Gaming Corp., has filed for bankruptcy protection in an effort to fight off...
article Miami Jai-Alai parent files for bankruptcy protection
(Florida) -- The owner of the Miami Jai-Alai facility filed for bankruptcy protection, citing a pending sale that would essentially wipe out the company.


article Miami Jai-Alai files for bankruptcy
(Florida) -- Less than two years after opening a casino, the Miami Jai-Alai facility filed for bankruptcy protection as its parent company fends off a foreclosure from...


article BofA Sent Back to Trial Court Over Fontainebleau Loans
(Las Vegas) -- Bank of America Corp. (BAC:US), agent for a loan to a failed casino development by Fontainebleau Las Vegas LLC, was sent back to district court to resolve...


article DiamondJacks creditors approve bankruptcy exit
(Mississippi) -- Having failed in an attempt to sell the two DiamondJacks casinos to an Oklahoma Indian tribe, creditors are bringing the Bossier City, La., and...


article Ruling on potential takeover fight for Jerry's Nugget expected by Friday
(Las Vegas) -- U.S. Bankruptcy Court Judge Mike Nakagawa will decide by Friday whether to open the way for a takeover fight for North Las Vegas locals casino Jerry...


article Trust controlled by wife of Galaxy Gaming CEO files for bankruptcy protection
(Las Vegas) -- The Saucier Business Trust, owned by the wife of Galaxy Gaming Inc. CEO Robert Saucier, has filed bankruptcy to protect itself from a foreclosure brought...


article A player again: Siena in Reno growing 2 years after bankruptcy
(Reno) -- It’s been two years since the Siena Hotel Spa Casino emerged from bankruptcy to vie again on the downtown Reno skyline. The first year was a shakedown...


article Station Casinos back on track post-bankruptcy, CFO says
(Las Vegas) -- Mission accomplished. Station Casinos Chief Financial Officer Marc Falcone said Tuesday the company accomplished its stated goals for 2012, which included...
article Villalobos sues casinos for return of debt payments to add to bankruptcy estate
(California) -- Alfred Villalobos, the central figure in the California Public Employees' Retirement System bribery investigation, has won and lost millions gambling...


article ‘Girls Gone Wild’ files for bankruptcy protection, cites disputed debt to Wynn casino
(California) -- The company behind the “Girls Gone Wild” video empire has filed for bankruptcy in a move it says is an effort to restructure its legal...


article Bankruptcy trustee drills into casino developer's bank box
(Montana) -- Acting on a tip about hidden assets, a U.S. bankruptcy trustee in Billings drilled through the lock on a safe deposit box at Stockman Bank and found $77,250...


article City Front casino property languishes in court
(Mississippi) -- More than nine months after the Grand Station Casino closed amid bankruptcy, the property near Vicksburg's City Front is in disrepair as several...


article Judge appoints receiver for Florida Gaming, Miami Jai-Alai
(Florida) -- Florida Gaming Corp. and its Miami Jai-Alai facility were placed into receivership by a Miami-Dade County Circuit Court Judge.


article LVH hotel-casino in Las Vegas sold at foreclosure auction
(Las Vegas) -- The 2,973-room LVH hotel-casino in Las Vegas was sold during a foreclosure auction today. As expected, it was purchased by a joint venture between...


article Facing cash crunch, Prestige Travel now suing 24 casino and hotel companies
(Las Vegas) -- Bankrupt firm Prestige Travel Inc. of Las Vegas says it's quickly running out of cash and to preserve its funds has filed more lawsuits against hotels...


article Prestige Travel files for bankruptcy, a move that could shutter Las Vegas Strip shows
(Las Vegas) -- Prestige Travel Inc. of Las Vegas filed for bankruptcy reorganization today, listing $10 million or more in liabilities in a case that threatens tourists...
article Silver Legacy bankruptcy agreement is official, owners look to future
(Reno) -- The Silver Legacy Resort Casino’s bankruptcy settlement was made official in court today, and Gary Carano, CEO of Circus and Eldorado Joint Venture, said...
article Silver Legacy CEO looks to Reno resort's post-bankruptcy future
(Reno) -- The Silver Legacy Resort Casino’s bankruptcy behind him, Gary Carano, CEO of Circus and Eldorado Joint Venture, wants to make the downtown Reno high-rise...


article Silver Legacy owners reach agreement in bankruptcy filing
(Reno) -- In a news release, officials said the agreement calls for its unsecured creditors to be paid in full and its chief creditors to g


article United States: Tribal Casino Bankruptcies – The Train Is Leaving The Station
(USA) -- There long has been a legal debate as to whether businesses owned and operated by Indian tribes could either file for protection under the federal Bankruptcy...


article Local Casino Files For Bankruptcy Protection
(Las Vegas) -- A casino that’s been a fixture in North Las Vegas since it opened in 1964 has filed for Chapter 11 bankruptcy protection.


article Jerry's Nugget casino files for Chapter 11 bankruptcy
(Las Vegas) -- Jerry's Nugget casino, a long-time fixture in North Las Vegas, filed for Chapter 11 bankruptcy protection on Monday after talks to restructure its...
article Jerry’s Nugget in North Las Vegas files for bankruptcy
(Las Vegas) -- After a lull in Las Vegas gaming bankruptcies, restructuring activity picked up Monday when the owner of Jerry's Nugget casino in North Las Vegas...


article Bankrupt Las Vegas businessman must still repay casino markers
(Las Vegas) -- A Las Vegas businessman who declared personal bankruptcy must still repay the worthless markers he wrote at two casinos, the Nevada Supreme Court has...


article Blacks say their liabilities are nearly $49 million
(Las Vegas) -- Commercial real estate investor and casino operator Robert "Randy" Black Sr. and his wife, Kathy, list $2.6 million in assets against...


article Developer, casino owner Black and wife seek bankruptcy protection
(Nevada) -- Long-time real estate developer and casino operator Robert R. "Randy" Black Sr. and his wife, Katherine, filed for Chapter 7 bankruptcy protection...


article Mesquite casino pitchman Randy Black Sr. files for bankruptcy
(Nevada) -- Mesquite casino manager and pitchman Robert ''Randy'' Black Sr. is heading back to bankruptcy court — this time apparently over...


article GameTech files for Chapter 11
(Reno) -- Electronic bingo and lottery equipment maker GameTech International Inc. filed for Chapter 11 bankruptcy protection Monday to restructure $16 million in debt.


article Court opens door to resort's change of ownership
(Las Vegas) -- A New York appellate court has opened the way to a possible change of ownership of the JW Marriott Las Vegas Resort & Spa and the attached Rampart...


article Villalobos sues casinos for return of debt payments to add to bankruptcy estate
(California) -- Alfred Villalobos, the central figure in the California Public Employees' Retirement System bribery investigation, has won and lost millions gambling...


article Reno's Silver Legacy casino in bankruptcy protection
(Reno) -- With a big push from Northern California's Indian casinos, one of Reno's largest casinos has fallen into Chapter 11 bankruptcy protection.
article Reno's Silver Legacy files for Chapter 11; Indian casinos a factor
(Reno) -- The Silver Legacy was supposed to rejuvenate Reno's ailing casino market. Instead, it became one of the biggest victims to date of the Northern California...


article Reno's Silver Legacy the latest gaming property to seek a fresh financial start
(Reno) -- By opting for bankruptcy, the owners of the Silver Legacy Resort Casino join other gaming-industry properties that have sought haven from creditors while they...


article Our Take: Reno casino in bankruptcy
(Reno) -- MGM Resorts International (NYSE:MGM) shares were trading at $10.40 while reporting down 4.67% from yesterdays close. The 22 analysts offering 12-month price...


article Reno casino in bankruptcy
(Reno) -- The Silver Legacy Resort Casino in Reno, half owned by MGM Resorts International, voluntarily filed for Chapter 11 bankruptcy reorganization on Thursday in U.S...
article Silver Legacy files for voluntary Chapter 11 reorganization
(Reno) -- The Silver Legacy Resort Casino on Thursday filed for Chapter 11 bankruptcy protection against its creditors while it seeks to reorganize its $142.8 million...


article Dankner, Tshuva seek Las Vegas Plaza debt settlement
(Las Vegas) -- Nochi Dankner and Yitzhak Tshuva are in advanced talks on a debt settlement for their planned Plaza casino and hotel project in Las Vegas.


article Silver Legacy debt discussion 'positive'
(Reno) -- Operators of the Silver Legacy Resort Casino said Monday talks are progressing with bond holders on a restructuring plan for the property’s $142.8...


article Time running out for Yavapai Downs race season
(Arizona) -- A summer racing season at Yavapai Downs in Prescott Valley seems more in doubt than ever a month after a federal agency rejected a bid for the bankrupt...


article Deadline for Silver Legacy debt restructuring agreement extended again
(Reno) -- The deadline for finalizing the Silver Legacy Resort Casino’s $142.8 million debt restructuring agreement has been extended again, this time to May 14.


article Silver Legacy, creditors continue talks on $142.8 million debt
(Reno) -- Talks continued Monday between Silver Legacy Resort Casino owners and their creditors over restructuring the downtown Reno high-rise’s $142 million debt...


article Creditors take control of massive Bahamas Atlantis resort
(Bahamas) -- Resort operator Kerzner International Holdings Ltd. completed a long-awaited restructuring Friday that transferred its massive Atlantis resort in The...


article Experts: Silver Legacy couldn't have anticipated recession when property opened
(Reno) -- The timing was excellent, a jubilant mayor said at the time. Others, gushing over the scope of the as-yet-unnamed mega-resort, said it would be downtown Reno...


article Silver Legacy reaches agreement with creditors
(Reno) -- The Silver Legacy Resort Casino’s owners have an agreement in the works with their creditors to resolve their $142.8 million mortgage debt.


article Aliante Station emerges profitable from bankruptcy
(Las Vegas) -- Aliante Station hotel-casino in North Las Vegas posted a $573,000 profit during the final two months of 2011 after emerging from bankruptcy, its owner...


article Mississippi casino closes abruptly pending foreclosure
(Mississippi) -- Vicksburg's Grand Station Casino was abruptly shuttered Wednesday, leaving 230 employees without jobs. Casino officials began escorting employees...


article Foreclosure of casino postponed indefinitely
(Mississippi) -- Bally Gaming Inc. and the owners of Vicksburg's Grand Station Casino have agreed to discuss unpaid $3 million debt.


article Silver Legacy says agreement with lenders will allow casino to stay open
(Reno) -- Reno's Silver Legacy Casino said it has agreed to the outlines of a deal to restructure its crushing debt load. The Silver Legacy's business, like...


article Silver Legacy reaches agreement with creditors
(Reno) -- The Silver Legacy Resort Casino’s owners have an agreement in the works with their creditors to resolve their $142.8 million mortgage debt.
article Silver Legacy reaches another extension on debt
(Reno) -- Owners of the Silver Legacy Resort Casino say they've reached a support agreement with bond holders giving them more time to try to restructure $142.8...
article Silver Legacy reaches deal on debt restructuring
(Reno) -- The owners of the Silver Legacy today said a support agreement has been reached on restructuring the downtown Reno hotel-casino’s $142.8 million mortgage...


article Bankruptcy of Native American ‘Tribe’ Raises Intriguing Legal Questions
(New York) -- The Western Mohegan Tribe & Nation of New York has filed for bankruptcy protection. Against the Native American community’s grip of sovereign...
article Silver Legacy: Progress continues toward debt resolution
(Reno) -- Operators of the Silver Legacy Resort Casino Thursday said they continue to move forward in their efforts to restructure the downtown Reno high-rise’s $...


article Experts: Silver Legacy in Reno unlikely to close
(Reno) -- The Silver Legacy Resort Casino told employees Thursday that the owners have no intent to close after notifying regulators this week of plans to restructure a...


article Bank seeks receiver for Jerry's Nugget after loan default
(Las Vegas) -- U.S. Bank has asked a judge to appoint a receiver to take control of Jerry's Nugget, a North Las Vegas casino known for its bakery and locals-friendly...


article Las Vegas Monorail Approved to Seek Bankruptcy Plan Vote
(Las Vegas) -- Las Vegas Monorail Co., which runs a driverless transport system for casino patrons, won court permission to seek a creditor vote on a bankruptcy exit...


article Silver Legacy debt deadline extended for 2 weeks
(Reno) -- Reno’s Silver Legacy Resort Casino bought itself another two weeks to restructure its $142.8 million mortgage debt and avoid bankruptcy.


article Silver Legacy's fate could emerge in federal filing Friday
(Reno) -- The fate of the Silver Legacy Resort Casino and its $142.8 million mortgage debt will likely be revealed in papers to be filed Friday with the Securities and...


article Anderson's Racino Owners to Bid on Bankrupt Shelbyville Racino
(Indiana) -- The owners of Hoosier Park Racing and Casino in Anderson has gone on record saying that they are interested in bidding on Indiana’s other Racino in...


article Firm may bid on bankrupt racino
(Indiana) -- The company that owns Hoosier Park Casino & Racing in Anderson may bid on the state’s other racino, the bankrupt Indiana Downs and Indiana Live...


article You Missed Your Chance To Buy The Hooters Casino Out Of Bankruptcy
(Las Vegas) -- The main debt holder of Hooters hotel-casino in Las Vegas will become the resort's new owner after a bankruptcy auction drew no outside bidders.


article Company to buy Hooters casino with $60 million credit bid
(Las Vegas) -- The main creditor of the Hooters hotel-casino in Las Vegas won the right Friday to take over the property and — importantly — its cash.


article Hooters Las Vegas, creditor fight over $100 million ‘deficiency’
(Las Vegas) -- A bankruptcy judge is weighing whether Nevada’s new law on “deficiency judgments” will apply to the auction of the Hooters hotel-casino...


article $141M default at Legends
(Reno) -- Since March, the company that built the Outlets at Legends in Sparks has not paid the bills on $141 million in private loans used to construct most of the 148-...


article Hooters Casino, WaMu, SP Newsprint, Potomac Supply: Bankruptcy
(Wall Street) -- The Hooters Casino Hotel in Las Vegas goes up for auction on Feb. 17 to determine whether there is a better offer to reorganize the 696-room hotel and...
article Vegas casinos that went bust
(Las Vegas) -- Even hotel owners have struck out on Las Vegas casino and hotel bets. Last May, for example, debt rater Moody’s said 29 percent of commercial...


article Two more Southern Nevada hotels default on debt
(Las Vegas) -- As the Southern Nevada gaming and tourism economy improves in 2012, financial restructurings of troubled companies and properties are expected to slow...


article Hooters likely to be sold in February
(Las Vegas) -- The Hooters hotel-casino in Las Vegas will be sold next month under plans disclosed this week in U.S. Bankruptcy Court. Unable to meet its debt payments,...


article Contractors dealt setback in Fontainebleau case
(Las Vegas) -- Dozens of contractors trying to get money out of the Fontainebleau bankruptcy were dealt a procedural setback Thursday by the Nevada Supreme Court.


article Commission clears way for Las Vegas Hilton to pursue receiver
(Las Vegas) -- The Nevada Gaming Commission today allowed lenders and investors of the Las Vegas Hilton to pursue the appointment of a receiver to operate the property...


article Las Vegas-based casino company emerges from bankruptcy
(Las Vegas) -- Las Vegas-based Majestic Star Casino LLC, which owns and operates casinos in Mississippi, Colorado and Indiana, has come out of bankruptcy reorganization...


article Regulators urge steps needed to complete Hard Rock Hotel restructuring
(Nevada) -- The state Gaming Control Board on Wednesday unanimously recommended additional steps needed to complete the restructuring of the Hard Rock Hotel in Las Vegas...


article Judge Rejects Suffolk OTB Bankruptcy Petition
(New York) -- A big New York state off-track betting corporation did not have the legal authority to seek Chapter 9 bankruptcy protection earlier this year, a federal...


article Owner of Tunica casino emerges from bankruptcy
(Mississippi) -- Majestic Star Casino, which owns Fitzgeralds Casino Hotel in Robinsonville, Miss., has emerged from Chapter 11 bankruptcy reorganization.


article Hooters casino to be auctioned off
(Las Vegas) -- Hooters hotel and casino in Las Vegas and creditors Canpartners have agreed to auction the resort property, court papers show.


article Hooters Hotel management agrees to auction
(Las Vegas) -- Top management at the Hooters Hotel has shifted gears and agreed to auction the property off rather than try to find an investor to bail out the current...
article Hooters hotel-casino to be sold at auction
(Las Vegas) -- The Hooters hotel-casino in Las Vegas will we sold at auction under a deal disclosed in U.S. Bankruptcy Court on Tuesday. The 696-room property on...


article ACH lays off 150 workers one day after foreclosure avoided
(Atlantic City) -- ACH, formerly known as the Atlantic City Hilton Casino, laid off nearly 150 workers today, 24 hours after regulators approved a plan to save the...


article Bankruptcy judge skeptical about Las Vegas Monorail plans
(Las Vegas) -- The Las Vegas Monorail was developed at a cost of $650 million — but based on its meager ridership and revenue levels it’s now worth just $16...


article Wayzata firm takes control of 2 northwestern Indiana casinos
(Indiana) -- A Minnesota-based investment firm has taken over two northwestern Indiana casinos owned by a company going through bankruptcy reorganization. The Indiana...


article Two Tunica Casinos Foreclosed On
(Mississippi) -- A pair of Tunica casinos are going into foreclosure, but they won't be shutting down. The owners of Bally's and Resorts needed an influx of cash...


article Accountants sifting through finances of bankrupt Mob Experience
(Las Vegas) -- Accountants studying the finances of the bankrupt Las Vegas Mob Experience at the Tropicana say they need more time to figure out what millions of dollars...
article ACH drops sale bid, will stay open
(Atlantic City) -- The owners of ACH, the casino formerly known as the Atlantic City Hilton, have reached a deal to avoid foreclosure on the struggling gambling hall,...
article Former A.C. Hilton drops quest for sale
(Atlantic City) -- New Jersey casino regulators confirm that the owners of the former Atlantic City Hilton have dropped a bid to find a buyer for the struggling gambling...
article New plan emerges to rescue Hilton casino
(Atlantic City) -- With attempts to sell the Atlantic City Hilton Casino Resort going nowhere, the owner proposed a new plan Thursday to save the financially troubled...
article Owners of former Atlantic City Hilton announce plan to keep casino out of foreclosure
(Atlantic City) -- The owners of ACH, formerly known as the Atlantic City Hilton Casino Resort, proposed a new plan Thursday to save the financially troubled gaming hall...
article Ruling could save Hoosier Park millions
(Indiana) -- If a decision made by a Delaware bankruptcy court stands, Hoosier Park Racing and Casino would owe about $10 million less in taxes each year, Chief...


article Hooters’ creditor presses for quick sale or foreclosure
(Las Vegas) -- Neither side is backing down in the Hooters Las Vegas casino resort bankruptcy case, with Hooters’ main creditor asserting again Wednesday it should...


article Lender group acquires Atlantic City's The Pier Shops in foreclosure auction
(Atlantic City) -- Jean McLeish, a tourist from Cape Cod in Massachusetts, peered through the display windows at some of the posh retailers at The Pier Shops at Caesars...


article Hooters hotel-casino wants more time to resolve bankruptcy case
(Las Vegas) -- The Hooters hotel-casino in Las Vegas says it’s making progress in attracting investors, but that it also needs more time to resolve its bankruptcy...


article The Pier Shops at Caesars shopping mall to be auctioned Friday in foreclosure sale
(Atlantic City) -- An upscale mall that has struggled to lure wealthy customers to a Boardwalk shopping scene better known for 99-cent souvenir stands and T-shirt stores...


article Las Vegas Hilton granted time to fight receivership, foreclosure
(Las Vegas) -- A judge on Thursday gave the 2,950-room Las Vegas Hilton hotel-casino more time to fight efforts by its lender to foreclose on the property and install a...


article Lenders taking over Westin Casuarina Las Vegas hotel-casino
(Las Vegas) -- Lenders are taking ownership of the Westin Casuarina Las Vegas Hotel, Casino & Spa after its owner chose not to fight foreclosure proceedings, its...
article Tropicana will defer rent owed by cash-strapped Las Vegas Mob Experience
(Las Vegas) -- Eager to keep the Las Vegas Mob Experience open for its guests, the Tropicana Las Vegas has agreed to forgo rent for what could be several years as part...


article Mob Experience developers hit with sanctions
(Las Vegas) -- Even as the Las Vegas Mob Experience was filing for bankruptcy on Monday, a state judge hit its developers and managers with sanctions for their conduct...
article Story of embattled Mob Experience fit for ‘The Sopranos’
(Las Vegas) -- In the past few years, the best only-in-Vegas story was the trial of the county commissioners caught taking bribes from strip club tycoon Michael Galardi.


article Goldman Sachs denies Las Vegas Hilton foreclosure aimed at helping Stratosphere
(Las Vegas) -- Las Vegas Hilton lender Goldman Sachs Mortgage Co. is denying suggestions its foreclosure of the Hilton is part of a plan to boost the fortunes of the...
article Company behind Mob Experience files for bankruptcy
(Las Vegas) -- Murder Inc., the company that put the Mob Experience attraction into the Tropicana, filed for Chapter 11 bankruptcy protection on Monday.
article Mob Experience at Tropicana files for bankruptcy
(Las Vegas) -- The owner of the Las Vegas Mob Experience attraction at the Tropicana resort voluntarily filed for Chapter 11 bankruptcy reorganization on Monday.


article B.B. King’s, Mirage still fighting over lease terms
(Las Vegas) -- Casino operator MGM Resorts International showed lots of love for Eva Longoria’s bankrupt Beso restaurant – but it’s showing little...


article Las Vegas nightclub operator seeks bankruptcy protection
(Las Vegas) -- The owner of two Paradise Road nightclubs in Las Vegas filed for bankruptcy reorganization Monday. The Chapter 11 filing was made by Manhattan West LLC,...


article Las Vegas Hilton investor fighting partner in foreclosure effort
(Las Vegas) -- Billionaire casino investor Thomas Barrack is fighting efforts by Goldman Sachs to foreclose on the Las Vegas Hilton, claiming Goldman Sachs is hopelessly...


article Indiana casino's owner emerges from bankruptcy
(Indiana) -- The parent company of Anderson's Hoosier Park horse track and casino has emerged from bankruptcy with about one-third of the debt it had when it filed...


article Bank sues to recover Lake Las Vegas loan losses
(Las Vegas) -- Credit Suisse AG sued two of the billionaire Bass brothers of Texas and other investors Friday in the bank’s latest effort to recover hundreds of...


article Las Vegas Hilton hotel gets foreclosure notice
(Las Vegas) -- Lenders have filed a foreclosure notice against the Las Vegas Hilton following the disclosure that the 2,950-room hotel was in default on a $252 million...


article Las Vegas Hilton lender files foreclosure notice
(Las Vegas) -- Lenders to the Las Vegas Hilton filed a foreclosure notice against the property Sept. 2 – but that doesn’t mean they’ll actually foreclose anytime soon.


article Hooters casino presses for right to reorganize
(Las Vegas) -- The Hooters casino resort in Las Vegas is disputing charges by its main creditor that the creditor’s foreclosure of the bankrupt property is...


article Creditor opposes Hooters' plans to spend more to avoid bankruptcy
(Las Vegas) -- Can the Hooters Hotel on Tropicana Avenue be considered a failure? If you ask the resort's main creditor, the answer is yes.
article Creditor: Hooters casino brand has failed in Las Vegas
(Las Vegas) -- The main creditor of the bankrupt Hooters Las Vegas casino resort says the Hooters brand has failed there and it’s time for management to give up on...


article Fry's Electronics exec files for bankruptcy
(California) -- A former Fry's Electronics executive accused of embezzling millions of dollars to cover gambling losses has filed for bankruptcy, listing nearly $137...
article Fry's Executive Lists Las Vegas Casino Debts in Bankruptcy Filing
(Las Vegas) -- Former Fry's executive Ausaf Umar Siddiqui owes more than $20 million to Las Vegas gaming companies, a Las Vegas Sun reported Friday.
article Indicted former Fry's exec files for bankruptcy, lists $137 million in debt
(Las Vegas) -- An ex-Fry's executive indicted on a charge of allegedly trying to shake down the electronics store's vendors to support a lavish lifestyle has...

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