..

Casino Files for Bankruptcy

Written by:
Guest
Published on:
Nov/06/2017

DEADWOOD, S.D. - A hotel and casino in the western part of South Dakota has filed for bankruptcy protection just two months after actor-director Kevin Costner shuttered the doors on his area casino.

The Rapid City Journal reports that the Celebrity Hotel and Casino filed documents seeking protection from creditors last week in U.S. Bankruptcy Court for the District of South Dakota. The hotel is owned by Rolling Hills Farms Investments Inc.

The property's general manager says the Celebrity isn't in danger of imminent closure and that the owners are going through a period of reorganization.

The head of the Deadwood Gaming Association says the Celebrity's bankruptcy filing and Costner's closing of the Midnight Star may indicate an emerging trend in the gaming industry. But he says Deadwood is still seeing $100 million in annual casino revenues.

Gambling News

Bill to Expand Sports Gambling Introduced in Washington State Legislature

Bill to Expand Sports Gambling Introduced in Washington State Legislature

A bill to expand sports gambling in Washington state beyond Indian casinos and into privately-owned card rooms has been introduced in the state Legislature for the second consecutive year.

Indiana Casino Bigwig Fights State Over Ouster Order

Indiana Casino Bigwig Fights State Over Ouster Order

A longtime heavyweight in Indiana’s gambling industry is fighting state regulators’ attempts to force him to give up his stake in a Lake Michigan casino and a $300 million new casino project in Gary.

Brian Urlacher’s Brother Pardoned by Trump: Ran Illegal Sportsbook

Brian Urlacher’s Brother Pardoned by Trump: Ran Illegal Sportsbook

The brother of Chicago Bears Hall of Fame linebacker Brian Urlacher has been pardoned of federal charges that he recruited for a multimillion-dollar illegal offshore gambling ring.

Pro Sports Bettor Billy Walters Pardoned by Trump in Final Hour

Pro Sports Bettor Billy Walters Pardoned by Trump in Final Hour

William “Billy″ T. Walters, the retired professional sports bettor and businessman, expressed gratitude to President Donald Trump for granting him clemency and regaining his freedom while continuing to maintain his innocence in a highly publicized insider-trading case.

Pennsylvania Gambling Revenue Fell By More Than 20% in 2020

Pennsylvania Gambling Revenue Fell By More Than 20% in 2020

Beset by state-ordered closures during the pandemic, casinos and other gambling operators in Pennsylvania reported a drop in 2020′s revenues of more than one-fifth the previous year, even as their take from online gambling and sports betting skyrocketed.

Syndicate