ATLANTIC CITY, N.J.— A Wall Street firm predicts a new wave of casino expansion in the Northeastern U.S. will lead to more casino closings in Atlantic City. Moody's Investors Service said in a report Monday it expects the eight new casinos, altogether worth $5 billion, that will be opening in the region over the next three years will further stress business in...» Read More
Alex Bumazhny, Director of Gaming, Lodging & Leisure at Fitch Ratings, says the firm's exposure to the mass market will help to offset weakness in Macau's VIP segment.
Jackson Wong, Vice President of Tanrich Securities, attributes its hold rating on the stock to the recent land deal probe and the bearish outlook of Macau's gaming sector.
A former Macau business partner of Las Vegas Sands is suing Sands for at least $5 billion in profits that it says are owed.
Billionaire hedge fund manager David Einhorn is still alive after three days (and nearly 30 hours of play) in the World Series of Poker Main Event.
A new study calls for an end to the $2.13 an hour federal tipped minimum wage.
The Japan trade is not working in 2014 as much as it did last year. Melissa Otto, equity team director for TIAA-CREF, explains the potential for a gaming market in Japan.
When it comes to legalizing marijuana, states should learn their lesson from the casinos, says Jake Novak.
CNBC's Jane Wells reports 23 states in the U.S. have some form of legal medical marijuana. CNBC's Morgan Brennan discusses how gambling and the legalization of pot may collide.
CNBC's Morgan Brennan reports Atlantic City's gaming revenue is down 15 percent since 2006.
Atlantic City has fallen on tough times as gaming revenues have plunged and several casinos could be closing by end of summer, reports CNBC's Morgan Brennan.
CNBC's Morgan Brennan reports on Atlantic City's 5-year revitalization plan as gaming revenues drop 45% since 2006.
Gambling revenue in Macau fell 3.7 percent, the first drop in over four years, with analysts saying the World Cup had diverted gamblers away.
Christopher Jones, MD & Senior Gaming & Lodging Analyst, Telsey Advisory Group, says Macau's gaming sector will face downside pressure in the near term but the "noise" will start to clear by 2015.
Lui Che Woo, Founder and Chairman of Galaxy Entertainment Group, tells CNBC why he's optimistic that his gaming business will reap better profits this year despite a slowdown in China.
Lui Che Woo, founder and chairman of Galaxy Entertainment, runs six casinos in Macau but he told CNBC that gambling isn’t really his cup of tea.
Intercontinental Hotels' board rejected a merger offer in May, Sky News reports.
Why should kids have all the fun? Adults can now spend a week training to be an astronaut, pro poker player, rocker or zombie slayer.
Philips Electronics said on Friday it had won a patent infringement cases against Nintendo in the United Kingdom.
Atlantic City's Revel Casino Hotel filed for bankruptcy and warned its staff that it will shut down soon without a buyer.
Grant Govertsen, Principal Analyst, Union Gaming Group, says politics in China paint a "flat or negative" long-term outlook for Macau's market.