Three elected officials are exerting pressure on the Garden State's casino regulator to keep Trump Plaza Hotel and Casino and Showboat Atlantic City open for four months.
Investors in private equity-backed Paycom Software are banking on continued revenue growth as the payroll software provider tries to figure out how to comply with a waived debt covenant.
Three-and-a-half years after emerging from bankruptcy protection, American Media, which publishes magazines including the National Enquirer, Shape and Star, appears to be hitting another shoal of financial difficulties.
A source said the company conspired to dilute the ousted CEO's stake and didn't make disclosures.
Country officials plan to start negotiating next week with holdout bondholders, a source close to the situation said.
The second-lien bondholders who served Caesars Entertainment's operating unit with a notice of default on Friday have brought the casino giant one step closer to addressing long-brewing bondholder disputes.
Despite the fact that the morgage loan sale sent its stock tumbling, some investors are optimistic about the troubled operator of Doral Bank.
Las Vegas-based casino operator Caesars Entertainment has taken another step to protect its healthier subsidiaries from a potential bankruptcy filing at the debt-laden operating unit.
Doral Financial, the holding company for Puerto Rico-based Doral Bank, is trying to save itself from insolvency by considering legal action to recoup $229.88 million in tax overpayments from the Commonwealth of Puerto Rico after the government repudiated the promised funds.
The casino giant took away its backing for the bonds of its Caesars Entertainment Operating Co. subsidiary, which is widely believed to be headed toward a restructuring.