Mass-market gamblers will help to stabilize Macau's gaming and casino sectors as big players double their capacity, says Matthew Ossolinkski, chairman at Ossolinksi Holding.
Macau's tourism figures have improved but casino and gaming revenue remain very weak, says Jonathan Galaviz, partner at Global Market Advisors.
Eric Schneiderman has opened an inquiry into DraftKings and FanDuel over the fraudulent use insider information, the NYT reports.
Top players can make huge cash in the booming but criticized daily fantasy sports industry, which is led by DraftKings and FanDuel.
Somesh Agarwal, senior analyst at Macquarie Securities Group, says additional capacity in Macau will likely continue to weigh on the gaming revenue and profitability of casino operators.
The market for distressed properties has spread from the housing market to the very heart of Sin City.
This week at the Global Gaming Expo, the industry is trying to figure out how to attract a younger crowd with new interests.
It has not been a good year to be a shareholder in a major casino company. But the CEO says, "We're doing better, thank God."
The outlook for casinos and the best way to play the space with Harry Curtis, Nomura Securities.
An appeals panel ruled that the Borgata casino can regulate the weight of its cocktail waitresses.
An appeals panel has upheld the Borgata casino's policy of regulating how much its cocktail waitresses can weigh.
PayPal just started allowing processing for online gambling outfits, but is not doing any PR around it.
Bruce Rockowitz, CEO & vice chairman of Global Brands Group, says Beijing's anti-corruption drive is the right thing to do, but it is taking a toll on businesses in the luxury and gambling segments.
The government fined casino operator Caesars Palace for repeated violations of the Bank Secrecy Act in its VIP gaming rooms.
Gambling revenue in Macau dropped 35.5 percent in August from a year earlier, sliding for a fifteenth month in a row and providing more evidence of a deepening downturn.
Mor Weizer, CEO of Playtech, discusses his company and trends in the gambling industry.
Gross profit among Atlantic City casinos grows 28-percent with fewer left standing.
Caesars Entertainment to pay $20-million to U.S. over anti-money laundering lapses. - Reuters
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.
Investing in gambling? Shares of PENN, a domestic casino company on the move, stand out with the rest of the industry in flux.