Entries tagged "Trump Entertainment"
Six Flags' noteholders are hoping to have the same luck that bondholders in Trump Entertainment Resorts had with terminating the debtor's exclusive right to file a plan.
Casino operators are preparing for a cold winter. Some of the biggest players in the industry expect profits to decline and are trying to play their cards right to have enough chips in their future to ride the downturn out. Take MGM Mirage, which will take in close to $775 million on its Monday agreement to sell its Treasure Island Hotel & Casino on the Las Vegas strip to real estate mogul Phil Ruffin. While MGM isn't exactly running on empty, the move is still an added bonus, giving the casino operator some extra breathing room over a $7 billion...
It's safe to say that the state of the casino industry has changed substantially in the past year or two. ...