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Travel Casinos and Gaming

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  • People on the boardwalk in Atlantic City, NJ.

    Casino hub Atlantic City had its credit rating cut Monday amid concerns about a dissolving tax base and fiscal reforms.

  • HONG KONG, Aug 3- Gaming revenue in Macau fell 34.5 percent in July from the previous year, hovering around five-year lows as wealthy Chinese punters stayed away from the world's biggest gambling hub. Gambling revenue fell year-on-year to 18.6 billion patacas, according to data released by the Macau government on Monday. Macau is the only legal casino hub in...

  • Nokia and Whole Foods are big market movers Thursday, 30 Jul 2015 | 4:23 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Nokia Corp., up 44 cents to $7.03. Wynn Resorts Ltd., up $8.09 to $104.12.

  • Pinnacle Entertainment tops Street 2Q forecasts Thursday, 30 Jul 2015 | 10:03 AM ET

    LAS VEGAS _ Pinnacle Entertainment Inc. on Thursday reported second-quarter net income of $21.7 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Pinnacle Entertainment shares have risen 73 percent since the beginning of the...

  • Wynn misses Street 2Q forecasts Wednesday, 29 Jul 2015 | 6:33 PM ET

    LAS VEGAS _ Wynn Resorts Ltd. on Wednesday reported second-quarter earnings of $56.5 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share. Five analysts surveyed by Zacks expected $1.07 billion.

  • Wynn Resorts profit drops 72 percent in 2nd quarter Wednesday, 29 Jul 2015 | 6:21 PM ET

    LAS VEGAS— Wynn Resorts Ltd.' s profit fell 72 percent in the second quarter, stymied by an on-going decline in the Asian gambling enclave of Macau and fewer high-roller Chinese baccarat players in Las Vegas. Still, Wynn said the company is on pace to open its $4.1 billion 1,700- room Wynn Palace casino resort on the Cotai strip area of Macau by March 25.

  • BOSTON— A federal judge heard arguments Wednesday over allegations that private investigators working for Wynn Resorts gained unauthorized access to files in a joint state and federal criminal probe that now figures into Massachusetts's biggest casino project. U.S. District Court Magistrate Marianne Bowler took the arguments under advisement and is...

  • Cost-cutting, gambling rise boost Mohegan Sun 3Q profit Wednesday, 29 Jul 2015 | 11:16 AM ET

    UNCASVILLE, Conn.— A spike in slot machine and table game use and cost-cutting helped significantly boost third-quarter profit at the Mohegan Sun casinos in Connecticut and Pennsylvania, the parent company reported Wednesday. Slot machine revenue of $142.2 million at the Mohegan Sun in Connecticut was up about 3 percent from the third quarter of 2014. Table...

  • Casino high rollers: Tales of abuse, rule-bending Tuesday, 28 Jul 2015 | 12:50 PM ET
    Patrons play craps at a table at Mohegan Sun in Uncasville, Conn. (file photo).

    Some casino dealers take extreme measures, like tolerating abuse and bending the rules, to satisfy and retain high rollers.

  • LAS VEGAS— Baccarat, the card game that can be a windfall or whiplash for Las Vegas casinos, was the latter in June. Nevada's casinos earned nearly $831 million of what was gambled last month, a drop of about 8 percent from a year earlier, according to data released Tuesday by the Nevada Gaming Control Board. "The baccarat business's world was completely different in...

  • Pool fire at The Cosmopolitan fueled by fake palm trees Tuesday, 28 Jul 2015 | 10:27 AM ET

    LAS VEGAS— Fake palm trees and high winds fueled a poolside fire on a rooftop at The Cosmopolitan hotel-casino on the Las Vegas Strip over the weekend, fire officials say. The blaze on Saturday sent guests running and plumes of black smoke billowing from the scene. Clark County Battalion Chief Leo Durkin said the trees were made from foam that has become a common...

  • UNCASVILLE, Conn.— One high roller requests a refrigerator full of bananas that he squeezes and throws as he gambles. Other high-stakes players described by a pit manager at Mohegan Sun, one of the world's largest casinos, throw chairs, scream at dealers and expect rules to be bent at the tables. Transcripts of the hearing were obtained by The Associated Press.

  • Poker star Ivey sues casino that claims he cheated Monday, 27 Jul 2015 | 4:02 PM ET
    A 2009 file photo of Phil Ivey during the World Series of Poker.

    A professional poker player has sued a casino that claimed he won $9.6 million by cheating at baccarat.

  • Boyd Gaming CEO: Great 2nd quarter Monday, 27 Jul 2015 | 3:43 PM ET
    Boyd Gaming CEO: Great 2nd quarter

    Keith Smith, Boyd Gaming CEO, discusses continued revenue growth and plans for expansion.

  • ATLANTIC CITY, N.J.— A professional poker player has sued a casino that claimed he won $9.6 million by cheating at baccarat, alleging it knew about defects in the cards and then destroyed evidence. Phil Ivey and his co-defendant, Cheng Yin Sun, filed a countersuit last week against the Borgata Hotel Casino& Spa, which sued the pair last year. They demand unspecified...

  • BOSTON— Lawsuits challenging Massachusetts' decision to award Wynn Resorts a gambling license have come with a hefty price tag. The state Gaming Commission and three cities involved in the legal fight— Boston, Revere and Somerville— have spent more than $1.4 million combined since the first complaints were filed in October, a review by The Associated Press has...

  • Boyd reports 2Q loss Thursday, 23 Jul 2015 | 5:18 PM ET

    LAS VEGAS _ Boyd Gaming Corp. on Thursday reported a second-quarter loss of $6.4 million, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share. Six analysts surveyed by Zacks expected $549.9 million.

  • General Motors and SanDisk are big market movers Thursday, 23 Jul 2015 | 4:35 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Union Pacific Corp., down $5.56 to $92.12. Under Armour Inc., up $6.56 to $95.93.

  • LAS VEGAS— A deal involving Pinnacle Entertainment is the latest example of a casino company separating its gambling operations from its real estate to generate cash. Las Vegas- based Pinnacle announced this week it would sell most of its casino-hotels to a real estate investment trust, Pennsylvania- based Gaming and Leisure Properties Inc., in an all-stock...

  • Penn National Gaming beats 2Q profit forecasts Thursday, 23 Jul 2015 | 7:21 AM ET

    WYOMISSING, Pa.— Penn National Gaming Inc. on Thursday reported second-quarter profit of $16.9 million. For the current quarter ending in September, Penn National Gaming said it expects revenue in the range of $728.2 million. This story has been corrected to show that Penn National Gaming's per-share profit was 19 cents, which beat Wall Street estimates.