MANILA, May 24- More than three months have passed since $81 million was stolen in a brazen cyber-heist from Bangladesh's central bank and sent to Manila- yet authorities in the Philippines appear no closer to nabbing those who laundered most of the money through a bank and casinos here. Several official and private investigators said they had hoped to make... » Read More
Jon Oh, Research Analyst for Gaming and Lodging at CLSA, expects shares of casino operators to underperform for the next 1-2 quarters as Macau goes through a painful transition.
Valuations of gaming plays such as Melco Crown look interesting, but it could be a "valuation trap" amid falling casino revenues in Macau, says Tim Seymour, CIO at Triogem Asset Management.
Beijing reportedly plans to restrict illegal money transfers from China to Macau, as part of its anti-graft drive. Jonathan Galaviz, Partner at Global Market Advisors, says the clean-up will benefit Macau's long term health.
Carl Icahn will provide up to $20 million to finance the Trump Taj Mahl, he said in a letter to Trump Entertainment Resorts CEO Robert Griffin.
Ahead of Chinese President Xi Jinping's visit this weekend, authorities are cracking down on illicit fund flows into Macau from the mainland. CNBC's Emily Tan has more.
Chinese President Xi Jinping arrives in Macau with a clear message: the world's biggest gambling center cannot remain a one-industry town.
The Queen's Christmas speech this year could be one to watch out for, as gamblers place bets on whether she will abdicate her role.
Dan Bilzerian, the "King of Instagram," was released from jail on Wednesday after being detained at LAX.
Dan Bilzerian, the "King of Instagram," was arrested at LAX on Tuesday and is being held without bail, according to LA Weekly.
South Korea looks like the consolation prize as Japan's $15 billion casino dream fades.
Wynn Resorts is under investigation for potential money-laundering law violations, according to a new report from Dow Jones.
Dow Jones is reporting that Wynn Resorts is being investigated by the U.S. Attorney's office, the IRS and the DEA for possible money laundering. Insight into the investigation, with CNBC's Jane Wells.
CNBC's Hampton Pearson reports the Federal Reserve is announcing two separate actions looking at its bank examination program.
NBC Sports' Dave Briggs, and Patrick Rishe, Sportsimpacts founder, discuss the likelihood of getting Federal legislation on sports gambling and the push to legalize pro sports betting.
The battle over sports gambling is heading to the courts, reports CNBC's Morgan Brennan.
Caesars Entertainment proposed a restructure plan that would the debt of its largest unit into a real estate investment trust.
The Trump Taj Mahal will be the fifth casino in Atlantic City to close this year. CNBC's Morgan Brennan reports the current tally for lost positions by year-end is 11,000.
NBC Sports' Dave Briggs, discusses whether sports betting should be legalized in the U.S.
The 45th Annual World Series of Poker finished this week in Las Vegas. 26-Year old Swedish professional and 2014 WSOP Champion Martin Jacobson, speaks to Scott Wapner, about the moment he won.
Somesh Agarwal, Senior Analyst at Macquarie, outlines the factors that are weighing on casino operator Genting Singapore's third quarter scorecard.