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ATLANTIC CITY - Wall Street ratings firm Standard & Poor's is taking a cautious view of casino developer Revel Atlantic City LLC and its ability to pay off the debt for its mammoth gaming complex.
S&P gave Revel a B- corporate credit rating, including a "negative outlook." S&P's rating Thursday followed news this week that Revel is seeking
Gov. Terry Branstad’s proposal to pay for a $200 million corporate income tax cut with an increase in the gaming tax blunts one political argument while sharpening another.
Branstad, in the budget he presented today, plans to cut the corporate income tax roughly in half. He says he’ll pay for that by returning the tax on casinos to 36 percent, up from the 22 or 24
It is hard not to feel a little bit sorry for Stanley Ho.
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KINDER -- The economic downturn may have changed the concept of the Coushatta Casino Resort expansion, but it couldn't slow it down.
The Coushatta Tribe of Louisiana broke ground on a seven-story lodging tower Wednesday at its casino in Allen Parish.
THE public wrangle over Stanley Ho's casino empire took yet another twist as a lawsuit accused family members of illegally taking control of his assets, a day after the Macau billionaire said the dispute was settled.
Amid conflicting statements made by Mr Ho and his family, his lawyer Gordon Oldham filed the writ late yesterday in Hong Kong's
The Pennsylvania Gaming Control Board issued a stinging justification Wednesday for its vote last month to revoke the gaming license for the Foxwoods Casino Philadelphia project.
The 50-page document says the project's investors, including the Mashantucket Pequot Tribe's Foxwoods Development Co., were proposing a vastly different facility than had been originally
HONG KONG — Macau tycoon Stanley Ho is suing relatives he has accused of trying to steal his vast casino empire, the latest twist after a bizarre TV appearance that seemed to end the nasty family feud.
Within hours of appearing on a local television
By Debra Mao
Jan. 27 (Bloomberg) -- The three-day public wrangle over Stanley Ho’s casino empire took yet another twist as a lawsuit accused family members
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