Tag Archives: Illinois Gaming Board
- Illinois Gaming Board sued over video gambling profit-sharing rules
April 6, 2017
A group of in-state gambling establishments has asked a county court to strike down Illinois’ Video Gaming Act for unfairly favoring owners of video gaming terminals. The Courthouse News reported that Dotty’s Café, Stella’s Place and Shelby’s – video gaming cafes that collectively operate over 100 strip mall locations in...
- Illinois’s Rivers Casino slapped with $2M fine
September 3, 2015
State regulators slapped Rivers Casino in Illinois with a $2 million fine due to lax control over gaming promotions, among other things. News outlet NBC Chicago reported that Illinois Gaming Board investigators came down hard on the casino’s gaming promotions that they said were either not done properly or were staged without...
- Creditors frown, Caesars celebrates as Illinois approves refinancing plan
July 24, 2014
Troubled US casino operator Caesars Entertainment dodged a bullet on Thursday after Illinois gaming regulators approved the company’s latest refinancing plan. Some holders of Caesars’ industry-high $24b debt load had grown suspicious of Caesars’ asset shell game, which appeared to be a ploy to protect its more profitable operations from...
- Caesars insists it can finance a Japanese casino as creditors push for default
June 26, 2014
Caesars Entertainment has vowed to spend at least $5b should Japanese legislators feel crazy enough to award the company a casino license. Caesars CEO Gary Loveman insisted that the company would have “no trouble raising the finance for a world-class facility in Tokyo,” telling Bloomberg that “you can typically finance...
- Illinois Gaming Board hears sides on 24-hour casinos in the state
September 20, 2013
The Illinois Casino Gaming Association's call to extend casino time in Illinois to cover the entire 24-hour day has finally reached the doors of the Illinois Gaming Board when it heard the arguments from those in favor of and against plans to effectively make casino hours in the state a...