Riviera Holdings Corp. let another deadline slip by Thursday without making a USD 4 million loan payment but said it is still in talks with Wachovia Bank about restructuring its debts outside of bankruptcy court. Phil Simons, the company's chief financial officer, said Thursday that the company isn't planning to file for bankruptcy this week because of the talks.

Greektown Casino may halt operations unless it gets bankruptcy court approval to borrow another USD 46 million to stay open and finish its new 400-room hotel, according to a court filing. Creditors are balking at the terms of the financing, which includes millions of dollars in additional fees, calling the terms astounding. The creditors and Greektown appear to be heading for a showdown in U.S. Bankruptcy Court in Detroit on Monday.

Trump Entertainment Resorts, the casino operator, said on Wednesday it won more time from its lenders to negotiate or make interest payments on its debt. The company has obtained a forbearance agreement from the holders of about 70 percent of the value of 8.5 percent senior secured notes due 2015, on which the company missed interest payments in December. It also announced a forbearance agreement from lenders under the company’s USD 490 million senior secured term loan.

Atlantic City, New Jersey - As millions of Americans are having problems paying their mortgages, so too are some Atlantic City casinos. Trump Entertainment Resorts became the second casino operator here to say it would not make a scheduled loan payment while it tries to work out new terms with its lenders. Last month, Resorts Atlantic City did the same thing, and more could follow.

Elad Group, the owner of New York’s iconic Plaza Hotel, confirmed that it has postponed plans for a multibillion dollar Las Vegas Strip project as well as repayment of a loan used to purchase the site. The decision comes as a slumping U.S. economy and much tighter credit markets have caused other developers to reassess the need for more hotel capacity in the gambling corridor.

Los Angeles (Reuters) - Elad Group, the owner of New York's iconic Plaza Hotel, confirmed Thursday it has postponed plans for a multibillion dollar Las Vegas Strip project as well as repayment of a loan used to purchase the site. The decision comes as a slumping U.S. economy and much tighter credit markets have caused other developers to reassess the need for more hotel capacity in the gambling corridor.

Hong Kong (Dow Jones) - Las Vegas Sands Corp., the hotel and gaming company run by casino mogul Sheldon Adelson, is seeking to raise USD 7 billion in loans for its Macau project, people familiar with the situation said. The fund-raising for the Venetian Resort & Casino in Macau comes at a time when investors are seeking high-risk premiums and banks are wary of making major loans.

Greektown Casino's largest lender asked it to file for bankruptcy protection as a condition of lending it more money, state regulators said Monday. "Merrill Lynch wasn't extending additional lending unless they filed Chapter 11," said Rick Kalm, executive director for the Michigan Gaming Control Board, which regulates Detroit's three casinos. The board has been aware for four years of Greektown Casino's financial troubles...

Singapore-listed Genting International, a unit of Malaysian casino operator Genting Bhd, said it has secured USD 4.2 billion to build and run a casino in Singapore. Genting said on Monday the funding, comprising USD 4 billion in loans and USD 192.5 million in bankers' guarantee facility, is not expected to affect its earnings in the current financial year.

Las Vegas Sands informed that the company has entered into a credit agreement which provides financing of up to USD 3.7 billion for the development of the Marina Bay Sands in Singapore. Borrowings under the credit agreement will bear interest at a spread of 2.25% above the Singapore Dollar SWAP Offer Rate for a selected maturity of one, two, three or six months. The current Singapore Dollar Swap Offer Rate for a maturity of three months is approximately 2.16%.

Auckland's SkyCity casino has caught two loan sharks and barred them from the gaming floor. SkyCity yesterday admitted the presence of the loan sharks after allegations from gamblers and a former staff member that money-lenders had roamed freely at the casino for at least five years. The casino has taken trespass orders against the two loan sharks and told the Department of Internal Affairs.

Lai Sun Development Co, a Hong Kong real estate developer, and its media unit have hired Deutsche Bank AG and Morgan Stanley to arrange USD 1.7 billion in loans for a casino project in Macau. The loans will be used to fund development and construction of the hotel, retail and entertainment portions of Macao Studio City, a 3.65 million square-foot project, Lai Sun and ESun Holdings Ltd said in a joint statement to Hong Kong's stock exchange on Friday. The site is located in Macau's Cotai district, the companies said.