David Baazov to Step Down at Amaya For Now, as Allegations Mount David Baazov will need a break that is temporary his obligations as the CEO and president of Amaya, the business announced today. The Canadian gaming conglomerate said in a presser that Baazov, who is dealing with five as-yet-unproven charges of insider trading, are…
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Caesars Faces Billions in Claims, Research Finds Evidence of Private Equity Asset-Stripping
Caesars Faces Billions in Claims, Research Finds Evidence of Private Equity Asset-Stripping A court-appointed examiner's report, ironically published in the Ides of March, discovered evidence of asset-stripping in Caesars bankruptcy reorganization. Caesars could face billions of bucks in potential damages with regards to its bankruptcy restructuring, based on the tips of the court-ordered examiners' report,…
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Bally’s Atlantic City Read tall for Lead in Water, neglected to Act for Six Months
Bally's Atlantic City Read tall for Lead in Water, neglected to Act for Six Months Bally's AC claims it doubted the accuracy of the initial reports but admits this does not justify its inaction. Bally's Atlantic City failed to notify its guests that the water in its high roller suite elsewhere contained potentially dangerous degrees…