 | High-profile attorney Sam Lionel and former Stratosphere owner Lyle Berman are two investors linked to Bernard Madoff, a financial adviser who allegedly ran a Ponzi scheme that bilked investors of $50 billion.
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The troubled casino company is planning to file for bankruptcy in March, but that isn't stopping it from proceeding with plans to build a $200-million Indian gaming casino in Michigan.
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The new 42,000 square-foot, three-story Hard Rock Cafe is located on the Strip and is scheduled to open July 9 with more than 500 employees.
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A U.S. Bankruptcy judge ruled that Greektown Casino can borrow the money it needs to complete its new 400-room hotel.
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The casino company and its bondholders agreed to a week-long extension of their negotiations on a $1.25-billion debt restructuring.
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Wall Street praised Wynn Resorts for reducing expenses by as much as $100 million, without having to impose layoffs.
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The state might buy out the struggling Twin River casino, which is Rhode Island's third-largest revenue source.
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Nearly 600 employees lost their jobs last month as Atlantic City's casino work force reached its lowest level since 1988.
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Mark Pilarski: 
