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Entries tagged "gambling"Odds of an MGM bankruptcy are highMGM Mirage is looking to sell some assets as well as use its casinos as collateral for its unsecured debt. Trump Entertainment runs out of luckThe house loses again as the casino files for bankruptcy for the third time. No Trump card for the Donald on debt paymentIf Donald Trump isn't dealt a good hand by creditors on Wednesday, his casino company, Trump Entertainment Resorts Inc., will likely once again fold into bankruptcy protection. ... Taking Trump Entertainment private is a risky betIf Donald Trump is looking for a challenging assignment for the contestants on his "Apprentice" television show, here's one: How about putting together a plan to turn around his financially strapped Trump Entertainment Resorts Inc., which operates casinos in Atlantic City, N.J.? The task would be an enormous undertaking and one solution that Trump himself is considering by taking the company private, according to the Financial Times.... Is Stein gambling with Tropicana AC's value?Tropicana Entertainment LLC's bankruptcy saga has been full of twists and turns, but the events taking place outside the scope of its Chapter 11 case have now grabbed the spotlight. ... Casinos are increasingly a gamble, as consumers' purse strings tightenGaming was the most active sector in Moody's Investors Service's August report on liquidity of speculative-grade companies, released Friday. The report reflects ratings changes and additions to Moody's liquidity watch during July, when the gaming business saw two downgrades and five newcomers to the list of companies with speculative-grade liquidity. ... Casino bankruptcies making gaming sector a real gambleSo much for that notion that gaming companies are recession-proof. We've seen particular gaming locales (see Atlantic City, N.J.) and particular owners (see Donald Trump) have bankruptcy issues, but not the industry as a whole. If 2008 has taught us one thing, however, it's that a struggling economy can reach every sector. ... Tropicana case hinges on a Yung presenceWith all due respect to The Clash, the crux of Tropicana Entertainment LLC's bankruptcy looks like it will come down to one thing: Should William Yung stay or should he go? ... N.Y. governor excoriates NYRA deal, but will honor itAs Belmont Park prepares for the possibility of the first Triple Crown winner since 1978, New York Gov. David Paterson threw cold water on whatever goodwill the track's operator has engendered as it finally prepares to exit bankruptcy protection. ... Fate of Tropicana AC hangs in the balanceThe saga of Atlantic City, N.J.'s Tropicana Casino & Resort has several potential endings, and few of them seem to be positive for owner Tropicana Entertainment LLC. ... Legends Gaming: A losing gambleIt's understandable to see a casino operator pass the buck, but maybe Legends Gaming LLC is onto something when it blames Isle of Capris Casinos Inc. in part for its struggles. ... Would Ch. 11 really help Tropicana's dicey situation?In perhaps its most critical roll of the dice, Tropicana Entertainment LLC is gambling it can beat the state regulatory body that oversees it. The struggling casino owner is betting the house on an appeal it filed Tuesday against the New Jersey Casino Control Commission's Dec. 12 decision to strip Tropicana's Atlantic City Tropicana Resort Casino of its gaming license.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "gambling." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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