\n
In a complex corporate maneuvering, Caesars will separate all of its real estate assets into a trust controlled by creditors who were owed billions of dollars before the company filed for bankruptcy in 2015. The real estate investment trust will lease the gaming floors back to Caesars, which will maintain operations and revenue from gaming.<\/span><\/p>\n<\/div>\nThe Nevada Gaming Control Board approved the reorganization earlier this month. The NGC gave its blessing for the newly formed entities, and issued new licenses. <\/span><\/p>\nCaesars’ new arrangement has now been signed off on in Nevada, New Jersey, Pennsylvania, Illinois, Maryland, Mississippi, and Iowa. Only two jurisdictions remain, Louisiana and Missouri, and once approved there, Caesars will be cleared to officially exit bankruptcy protection. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"The Nevada Gaming Commission (NGC) extinguished any rumors this week that the state regulator might ease its position on legalized recreational marijuana. Commission members told the casino industry to steer clear of any relationships linked to the cultivation of marijuana, and shouldn’t hold conventions or expos that promote the use or sale of cannabis. No […]<\/p>\n","protected":false},"author":42,"featured_media":57332,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,60,18,61],"tags":[],"acf":[],"yoast_head":"\n
Nevada Gaming Commission Tells Casinos to Avoid Marijuana<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n