APNewsBreak: Licensing agreement clears way for vote on handover of first NJ casino to lendersOctober 9th, 2009 AP: Lenders to seek full license for NJ casinoATLANTIC CITY, N.J. — Lenders seeking to take over the first American casino outside Las Vegas have agreed to seek a full New Jersey casino license.
Chinese government to finance rest of Revel's Atlantic City casinoSeptember 10th, 2009 Chinese gov't to finance rest of Revel's AC casinoATLANTIC CITY, N.J. — Revel Entertainment has turned to the Chinese government for financing to finish its lavish Atlantic City casino.
Lakes Entertainment withdraws Kansas application, in joint venture with Chisholm on casinoAugust 24th, 2009 Lakes Entertainment in joint venture for casinoMINNEAPOLIS — Lakes Entertainment Inc. said Monday that it is withdrawing its application to create a casino in Kansas and instead will team up with Chisholm Creek Casino Resort LLC on their application.
Jethro considers buying Silver Club in Sparks for his Hillbillies casinoAugust 20th, 2009 Jethro might buy Nev. casino for Hillbillies planRENO, Nev.
DivX NEC Electronics sign licensing deal; terms not disclosedAugust 18th, 2009 DivX, NEC Electronics sign licensing dealSAN DIEGO — Video technology company DivX Inc. said Tuesday it has signed a multiyear licensing agreement with Japanese chip company NEC Electronics Corp.
APNewsBreak: Resorts Atlantic City wants to cede ownership to lendersAugust 14th, 2009 APNewsBreak: Resorts AC wants lenders to be ownersATLANTIC CITY, N.J. — Strapped for cash and unable to make loan payments since October, America's first casino to open outside Las Vegas wants to hand itself over to its lenders.
APNewsBreak: NJ could force sale of half of Borgata for co-owner's ties to Chinese casino bossJuly 31st, 2009 APNewsBreak: NJ could force sale of half BorgataATLANTIC CITY, N.J. — One of the co-owners of Atlantic City's top casino could be forced to sell its 50 percent stake as a result of concerns by New Jersey officials over alleged organized crime ties of its partner in a Chinese casino venture.
Oregon governor signs bills to reduce foreclosures, verify mortgage originators' backgroundsJuly 31st, 2009 Oregon governor signs consumer protection billsSALEM, Ore. — Gov. Ted Kulongoski signed two new consumer protection bills Thursday, including one aimed at reducing the number of home foreclosures in Oregon.
Goa casino files complaint against tourism ministerJune 21st, 2009 PANAJI - Facing criminal charges for allegedly cheating Goa Tourism Minister Francisco Pacheco of Rs.1.25 crore in gambling winnings, a casino firm has alleged that Pacheco in fact owed it Rs.30 lakh in dues. Gerald Fernandes, general manager of the Update Recreation and Gaming Pvt Ltd (URGPL) casino, which runs the Treasures casino at Majorda beach resort, has filed a police complaint against Pacheco.
Casino-resort developer Fontainebleau files for bankruptcy protection after failed financingJune 10th, 2009 Fontainebleau Las Vegas files for Chapter 11MIAMI — Casino-resort developer Fontainebleau Las Vegas LLC said Tuesday it has filed for Chapter 11 bankruptcy protection after failing to get certain lenders to provide about $800 million in construction funding to complete the company's $2.9 billion property on the Las Vegas Strip. Fontainebleau Las Vegas had filed a $3 billion lawsuit in April against Bank of America, JPMorgan Chase Bank, Deutsche Bank Trust Company Americas and eight other lenders in an effort to access the prearranged financing to pay its 3,000 construction workers and finish the project, which is 70 percent complete and had eyed an October opening.
MGM Mirage, Dubai World and lenders reach pact to finish $8.5 billion CityCenter in Las VegasApril 29th, 2009 MGM Mirage, Dubai reach pact to finish CityCenterLAS VEGAS — Casino operator MGM Mirage said Wednesday that it agreed with partner Dubai World and the pair's lenders to finish an $8.5 billion casino complex on the Las Vegas Strip. MGM Mirage said Dubai World, the investment arm of the Dubai government, would drop a lawsuit it filed against the Las Vegas-based casino company, which is majority owned by investor Kirk Kerkorian.
New Jersey regulators authorize bankruptcy sale for Atlantic City's TropicanaApril 29th, 2009 Bankruptcy sale authorized for NJ casino TropicanaATLANTIC CITY, N.J. — The Tropicana Casino and Resort in Atlantic City, N.J., is about to enter bankruptcy court, where it will be auctioned off to the highest bidder.
AP Interview: 2 King children say brother botched $800K licensing deal with memorial groupApril 23rd, 2009 2 King siblings say licensing deal handled badlyATLANTA — Two of Martin Luther King Jr.'s children say they were not aware of the details of an $800,000 licensing deal with a memorial foundation brokered two years ago by their brother, whom they accused of tarnishing their parents' legacy with his business decisions. Bernice King and Martin Luther King III acknowledged Wednesday they generally favored the agreement between The King Center and the foundation building the national memorial to their father, but insist it was handled badly by their brother, Dexter King, and struck without their involvement.
Congress' casino caperMarch 19th, 2009 NEW DELHI - To have or not to have a casino, that seemed to be the question raised by Parminder Kaur, an All India Mahila Congress (AIMC) vice president. Kaur said the 'AIMC had no moral issues vis-a-vis offshore casino gambling in Goa'.
'Offshore casinos dumping untreated sewage in Mandovi river'February 4th, 2009 PANAJI - After alleging fraud and corruption in the licensing for offshore casinos, the opposition has accused the controversial offshore gambling vessel managements of dumping untreated sewage in the Mandovi river. Speaking during question hour, Leader of Opposition Manohar Parrikar said the half a dozen casino vessels parked in the Mandovi river have no sewage disposal systems in place.
Loading ...