Most Clicked Casino & Gaming SmartBrief Stories

1. Bank of America reaches settlement over Fontainebleau

Casino & Gaming SmartBrief | Feb 26, 2015

Bank of America has settled a lawsuit with lenders over the defunct Fontainebleau Las Vegas. The bank will pay lenders $300 million in the settlement after being accused of improperly advancing funds to the project as its finances worsened. The casino project planned for the north end of the Las Vegas Strip filed for bankruptcy in 2009. Reuters (02/25) Wall Street Journal (tiered subscription model), The (02/25)

2. Rock Gaming to buy out Caesars' 20% stake in Ohio

Casino & Gaming SmartBrief | Feb 27, 2015

Caesars Entertainment reached a deal to sell for an undisclosed amount its 20% stake in three casinos, including two Horseshoe properties in Ohio to Rock Gaming, which now fully owns the properties. The properties are not part of Caesars' bankruptcy package and will continue to be managed by Caesars. Cincinnati Enquirer (tiered subscription model), The (02/26) Las Vegas Review-Journal (02/26) Plain Dealer (Cleveland), The (02/26)

3. Revel, Straub reach sale deal

Casino & Gaming SmartBrief | Feb 25, 2015

The Revel casino agreed to a lower sale price of $82 million from Florida businessman Glenn Straub, who will spend $100 million to expand the building and health spa facility and make the lobby more accessible. The property will shed the Revel name, but its new name has not been released. ABC News (02/24) Reuters (02/24) (Philadelphia) (02/24)

4. Hard Rock promotes Lucas to executive vice president

Casino & Gaming SmartBrief | Feb 26, 2015

GGRAsia (Macau) (02/26)

5. N.Y. attorney general investigating casino license selection

Casino & Gaming SmartBrief | Feb 24, 2015

The New York Attorney General's office has opened an investigation into how casino license winners were selected in the state due to possible conflicts of interest, which experts say might be difficult to avoid. "I don't think you can hire a consultant anymore that doesn't have some ties to somebody," said Alan Woinski, CEO of Gaming USA. Crain's New York Business (02/23) Times Union (Albany, N.Y.) (02/23) Crain's New York Business (02/24) New York Times (tiered subscription model), The (02/23)

6. Wynn Resorts seeks to boot Elaine Wynn from board; she'll nominate herself

Casino & Gaming SmartBrief | Mar 02, 2015

Las Vegas Review-Journal (03/02)

7. Lady Luck Casino in Pa. is up for sale

Casino & Gaming SmartBrief | Feb 26, 2015

Isle of Capri Casinos is looking for a buyer for the Lady Luck Casino it opened in Pennsylvania in July 2013. The resort casino was initially plagued with financial difficulties as it is one of two statewide that require patrons to be overnight guests or resort customers, but business has improved in the past few months. Pittsburgh Post-Gazette (02/25)

8. Nev. regulators OK GTECH-IGT merger

Casino & Gaming SmartBrief | Feb 27, 2015

Nevada gaming regulators gave the green light to GTECH's $6.4 billion acquisition of International Game Technology. The deal is slated to close in April, with the company retaining the IGT name. The company plans to increase its design, operating and manufacturing presence in Nevada. Reno Gazette-Journal (Nev.) (tiered subscription model) (02/27) Las Vegas Review-Journal (02/26) Centre Daily Times (State College, Pa.) (02/26)

9. Official: Iran responsible for cyberattack on Las Vegas Sands

Casino & Gaming SmartBrief | Feb 27, 2015

James Clapper, the director of National Intelligence, confirmed that Iranian hackers were to blame for the cyberattack on Las Vegas Sands last February that temporarily affected its computer systems. Bloomberg (02/26)

10. Caesars rejects payment request from bondholder

Casino & Gaming SmartBrief | Feb 24, 2015

Caesars Entertainment denied a payment request for $750 million from BOKF N.A., a second-lien bond holder, and has said second-level notes aren't guaranteed because it's in the midst of bankruptcy proceedings for Caesars Entertainment Operating Co. Las Vegas Review-Journal (02/23)

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