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Travel Casinos and Gaming

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  • Wynn earns key state approval for Boston-area casino Friday, 28 Aug 2015 | 10:59 AM ET

    BOSTON— Wynn Resorts won a key state approval for its Boston- area casino late Friday, bringing the $1.7 billion project billed as the state's largest single private development another step closer to finally breaking ground. The finding, he said, sets in motion more detailed permitting, review and approval processes at the local, state and federal levels for the...

  • CARSON CITY, Nev.— Baccarat revenues in Nevada casinos continue to disappoint, but better showings among slot machines are helping reduce the hit in state gambling revenues. The Nevada Gaming Control Board reported Friday that Nevada casinos kept nearly $923 million of what was gambled in July, a figure that's 1 percent down from the same month last year.

  • NEW YORK, Aug 27- Caesars Entertainment Corp on Thursday moved a step closer toward a possible trial with bondholders, as a Manhattan federal judge refused to hold the gaming company liable to help repay $7 billion of debt owed by its main operating unit. District Judge Shira Scheindlin rejected requests by bond trustees BOKF NA and UMB Bank NA that Caesars be...

  • Trump Entertainment Resorts got an injunction barring Local 54 of the Unite-HERE union from beaming the messages onto the Taj Mahal, Tropicana and the shuttered Trump Plaza. The ruling came hours after the New Jersey State AFL-CIO asked union members to boycott the Tropicana and the Trump Taj Mahal. It came hours after the state AFL-CIO asked union members to...

  • ATLANTIC CITY, N.J.— A professional gambler accused of cheating an Atlantic City casino out of $9.6 million by seeking an unfair edge at cards says the casino has its own method of gaining an advantage: plying gamblers with free booze served by flirty, scantily clad waitresses. Phil Ivey is using the unusual defense against allegations that he and a partner...

  • Playtech CEO mulls larger acquisitions Thursday, 27 Aug 2015 | 11:00 AM ET
    Playtech CEO mulls larger acquisitions

    Mor Weizer, CEO of Playtech, discusses his company and trends in the gambling industry.

  • Forbes: Mall tycoon Henry Sy tops Philippines' rich list Wednesday, 26 Aug 2015 | 10:37 PM ET

    MANILA, Philippines— Property, retail and banking tycoon Henry Sy whose conglomerate owns the chain of SM Supermalls in his country and China has retained the title of the Philippines' richest person for the eight consecutive year, with his net worth up $1.7 billion from last year to $14.4 billion. Forbes Philippines, which puts together the list, said Thursday...

  • Paddy Power, Betfair to merge into online betting giant Wednesday, 26 Aug 2015 | 5:47 AM ET

    LONDON— Paddy Power and Betfair have agreed to merge, creating one of the world's largest online betting and gaming companies by revenue. The companies say Paddy Power shareholders would own 52 percent of the combined group and Betfair shareholders would own 48 percent. Paddy Power Chairman Gary McGann would be chairman of the combined group, with Betfair...

  • Back from death's door, Resorts casino is now profitable Wednesday, 26 Aug 2015 | 2:14 AM ET

    ATLANTIC CITY, N.J.— As recently as five years ago, Resorts Casino Hotel was near death, struggling to survive against bigger, newer Atlantic City casinos. In December 2009, Resorts' then-owners Colony Capital were within hours of handing over the keys to lenders and walking away from the casino. Months later, veteran casino executive Dennis Gomes and New York real...

  • A big win for A.C. casinos Tuesday, 25 Aug 2015 | 8:00 AM ET
    A big win for A.C. casinos

    Gross profit among Atlantic City casinos grows 28-percent with fewer left standing.

  • BOSTON— Massachusetts' top transportation official says Wynn has adequately addressed traffic and transit issues surrounding its planned $1.7 billion casino project for the Everett waterfront. She said Wynn's plan for transit-related improvements in the area, including a commitment to invest over $7 million into subway operations, will address...

  • ATLANTIC CITY, N.J.— Less competition has led to greater profits for most of the casinos that survived a painful shrinkage of Atlantic City's gambling market last year. In April, May and June of this year, Atlantic City collectively earned $132.1 million, compared with $103 million in the same period last year. Four of the city's 12 casinos shut down last year— the...

  • CZR in the red with the Feds Monday, 24 Aug 2015 | 6:00 AM ET
    CZR in the red with the Feds

    Caesars Entertainment to pay $20-million to U.S. over anti-money laundering lapses. - Reuters

  • Hong Kong shares close at lowest level this year Thursday, 20 Aug 2015 | 4:16 AM ET

    The Hang Seng index fell 1.8 percent, to 22,757.47, while the China Enterprises Index, which tracks big Chinese companies listed in Hong Kong, lost 2.3 percent, to 10,402.72 points. Thursday's close was the lowest for the Hang Seng Index since Dec. 18. Hong Kong carrier Cathay Pacific fell 3.3 percent, following a downgrade by Credit Suisse.

  • LOS ANGELES, Aug 19- Finnish mobile gaming company Rovio Entertainment, best known for its high-flying "Angry Birds," is hoping to rebound from a tough 2014 and to expand in Asia by tailoring its games to draw local consumers. China accounts for a third of the nearly 40 million downloads of "Angry Birds 2" since July 30, making it the top market. For Birds 2, Rovio...

  • Weaker yuan deals Asia's casinos a losing hand Monday, 17 Aug 2015 | 12:16 AM ET
    People walk through a concourse with their luggage at Hong Kong International Airport.

    Asian travel hotspots may be counting on an ever-growing horde of Chinese tourists for growth, but the weaker yuan may choke off the flow of travelers.

  • Most big casino stocks suffering, but not this one Friday, 14 Aug 2015 | 2:33 PM ET
    Guests playing a slot machine at the Plainridge Park Casino in Massachusetts.

    Investing in gambling? Shares of PENN, a domestic casino company on the move, stand out with the rest of the industry in flux.

  • Echo's new Brisbane casino is a good idea: Pro Wednesday, 12 Aug 2015 | 11:34 PM ET
    Echo's new Brisbane casino is a good idea: Pro

    Scott Phillips, advisor at The Motley Fool Australia, says Echo Entertainment's plan for a new casino in Brisbane is a good idea. He also discusses news that James Packer has stepped down as chairman of Crown Resorts.

  • Why NagaCorp is bucking the gaming downtrend Wednesday, 12 Aug 2015 | 7:45 PM ET
    Why NagaCorp is bucking the gaming downtrend

    Timothy McNally, chairman of NagaCorp, attributes the company's 42 percent rise in gross gaming revenue to factors such as scale of operation and its focus on Southeast Asia.

  • Echo Entertainment: Profit up on local business Wednesday, 12 Aug 2015 | 6:42 PM ET
    Echo Entertainment: Profits rise on local business

    Matt Bekier, CEO of Echo Entertainment, says the company's domestic businesses such as Sydney's Star Casino underpinned the 59 percent jump in full-year net profit.