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Travel Casinos and Gaming

  • NEW YORK/ TOKYO, June 27- Relatives of Japanese tycoon Kazuo Okada helped remove him as director of a Hong Kong investment company at the center of a sprawling gambling empire, according to corporate filings and people with knowledge of the matter. Three sources said it was a rift with family members over money and control of the Hong Kong company that played the...

  • NICOSIA, Cyprus— Cyprus signed a deal Monday for the construction of what officials say will be Europe's biggest casino. The small Mediterranean island nation's government backed proposals from a consortium made up of Hong Kong- based Melco International, the U.S.' s Hard Rock and local firm CNS Group to build the casino resort in the coastal town of Limassol.

  • Nineteen defendants, including three Australians from the sales and marketing team of Australia's Crown Resorts Ltd., were convicted by the court in Shanghai. Three defendants, who had been released on bail last Nov. 11, were not fined or sentenced to prison, Crown Resorts said. The case against Crown Resorts' staff came as authorities crack down on gambling as...

  • The 19 employees of Australia's Crown Resorts Ltd. stood trial at a court in Shanghai on Monday. Australian Consul General in Shanghai Graeme Meehan says Jason O'Connor, the head of Australia's Crown Resorts international VIP programs, was sentenced to 10 months in prison. Three Australians from the sales and marketing team of Australia's Crown Resorts Ltd....

  • SHANGHAI, June 26- A Chinese court sentenced three Australian employees of casino operator Crown Resorts Ltd to short jail terms on Monday, an Australian diplomat said, but they will have little time left to serve as the sentences run from the date of their detention last October. The embassy official said Crown's head of international VIP gambling Jason...

  • HARRISBURG, Pa.— For a second time in 15 months, Pennsylvania's high court ordered state gambling regulators to re-examine the legality of the ownership structure of a group that won a lucrative Philadelphia- area casino license in late 2014.. The seven state Supreme Court justices ruled unanimously Tuesday that the Pennsylvania Gaming Control Board has not...

  • TORONTO, June 16- The same hacker targeting Canadian casinos and mining companies for extortion since 2013 is planning more attacks, researchers at cyber security company FireEye Inc said in a report on Friday. While FireEye declined to identify victims by name, the methods described in their report echoed those used in attacks on Goldcorp, the world's...

  • *Crown says 18 staff held in China over "gambling crimes". *Case referred to Baoshan District Court in Shanghai. Since Crown disclosed that 18 of its staff were being held in China for unspecified "gambling offenses," the company- 48 percent owned by billionaire James Packer- has torn up its strategy of luring Chinese high rollers to the casino hub of Macau, shifting its...

  • June 8- Universal Entertainment Corp, a Japanese maker of slot machines, said on Thursday it was investigating what it suspects was an improper transfer of funds by Kazuo Okada, its founder and chairman, to a company he controls. The statement says that all but HK $5 million of the loan was subsequently transferred to Okada Holdings Limited, a company controlled by...

  • June 8- Universal Entertainment Corp, a Japanese maker of slot machines, said on Thursday it was investigating what it suspects was an improper transfer of funds by Kazuo Okada, its founder and chairman, to a company he controls. The statement says that all but HK $5 million of the loan was subsequently transferred to Okada Holdings Limited, a company controlled by...

  • Resorts World hotel in Manila, Philippines.

    A deadly attack on a casino in Manila was led by a lone gunman who was a Filipino aimed at robbery, not terrorism, police said.

  • HONG KONG, June 2- Macau casino magnate Lawrence Ho, head of Melco Resorts, said measures introduced in mainland China and Macau to tackle capital flight were not denting sentiment, as demand continued to recover in the world's largest gambling hub. Casino revenue in the Chinese territory of Macau has boomed over the last 10 months, reversing a more than two-year...

  • HONG KONG, June 2- The billionaire owner of the City of Dreams casino resort in Manila will increase security at his complex, he said on Friday, following the deaths of at least 36 people at the nearby Resorts World Manila. "With an incident like this, especially at Resorts World Manila, we certainly would ratchet that up even more... certainly an issue we will buckle down...

  • Trading Nation: Big win for casino stocks

    Craig Johnson, Piper Jaffray, and Boris Schlossberg, BK Asset Management, discuss casino stocks with CNBC's Brian Sullivan.

  • Macau casino

    Casino stocks are posting big wins Thursday on Macau's May monthly gross gaming revenue sharply exceeding analysts' estimates.

  • HONG KONG, June 1- Revenues in the world's biggest casino hub of Macau jumped 24 percent in May, beating expectations and posting a 10- month winning streak as wealthy gamblers returned to the southern Chinese territory despite a corruption crackdown. Macau has rebounded amid better-than-expected economic growth in China, and from five-year lows set in 2014...

  • HONG KONG, June 1- Revenues in the world's biggest casino hub of Macau jumped 24 percent in May, beating expectations and posting a 10- month winning streak as wealthy gamblers returned to the southern Chinese territory despite a corruption crackdown. Gambling revenue in the only place in China where casino gaming is legal rose 23.7 percent in May to 22.7...

  • Former Olympic gold medallist Kong Linghui is being sued in Hong Kong by the Marina Bay Sands resort in Singapore, the SMCP reports.

  • BRUSSELS, May 26- Malta let online gambling firms operate from the island across the European Union between at least 2012-2014 while failing to enforce its own rules on monitoring their computer servers, according to a former employee at Maltas gaming regulator. Malta has awarded around 500 online gaming licenses, the highest number in Europe.

  • GameStop CEO: Bullish and optimistic about our future

    Paul Raines, GameStop CEO, talks about the company's growth outlook and what they are doing to increase sales. There is a lot of profitability that we are bringing into the business, says Raines.