Chapter 11 Bankruptcy

Auction Slated For Track Assets

December 10, 2015

Reports from Illinois indicate that assets for two Chicago-area harness tracks will be auctioned off on Monday after failing to attract a buyer to keep them from bankruptcy.

Illinois Tracks To Fight Judgment

January 12, 2015

According to a report, lawyers representing Balmoral Park and Maywood Park – both of which are currently under Chapter 11 Bankruptcy protection – are preparing to fight an $82-million penalty the trac...

Illinois Tracks File For Bankruptcy

December 24, 2014

Balmoral Racing Club, Inc. and Maywood Park Trotting Association, Inc., two of the oldest horse racing venues in the country and the only harness racing tracks in Illinois, announced today that each h...

AC Casino Bankrupt, Files For Chapter 11

Over the past few years, the State of New Jersey has opted to go all-in on the rejuvenation of Atlantic City casinos instead of allowing expanded gaming at the Meadowlands Racetrack, which is minutes ...

Are Casinos "Fickle Businesses"?

As the Ontario government looks to expand gaming through the modernization strategy of the Ontario Lottery & Gaming Corp., doubts continue to be cast on just how financially lucrative this strateg...

More Woes For NJ Casinos

February 20, 2013

After news spread late Tuesday night that the newest Atlantic City casino was filing for bankruptcy protection less than one year after opening, another casino operator reported a billion-dollar loss ...

Hoosier Park Operator Misses Loan Payment

October 29, 2009

Centaur LLC, owner of Hoosier Park in Anderson, Illinois, announced this morning that it has missed a loan payment and is thus in default with its lenders