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Travel Casinos and Gaming


  • Aug 6- Zynga Inc forecast current-quarter bookings, a measure of future revenue, well below estimates, as the social gaming company expects to launch some games only in the fourth quarter. "The fourth quarter is really going to be the one that determines Zynga's fate, at least in the near term," Barclays analyst Chris Merwin said. Zynga, once one of Silicon Valley's...

  • Why this expert remains optimistic on Macau Monday, 3 Aug 2015 | 11:25 PM ET
    Why this expert remains optimistic on Macau

    Grant Govertsen, managing director at Union Gaming Group, expects new openings in Macau later this year to "invigorate" future demand.

  • For Macau, 'the glass is half-empty': Galaviz Monday, 3 Aug 2015 | 6:23 PM ET
    For Macau, 'the glass is half-empty': Galaviz

    Jonathan Galaviz, partner at Global Market Advisors, expects Beijing's anti-corruption drive and new regulations such as the smoking ban to continue weighing on Macau's gaming industry.

  • S&P cuts Atlantic City rating 3 notches to 'B' Monday, 3 Aug 2015 | 3:01 PM ET
    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...

  • 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.

  • July 22- Casino operator Las Vegas Sands Corp's said cost cutting at its Macau properties helped it post better second-quarter earnings, compared with the first quarter, sending its shares up about 4 percent. Las Vegas Sands performed well in a tough Macau environment, Morningstar analyst Dan Wasiolek said. Las Vegas Sands said net income attributable to the...

  • Las Vegas Sands revenue falls 19.4 pct Wednesday, 22 Jul 2015 | 5:00 PM ET

    July 22- Casino operator Las Vegas Sands Corp reported a 19.4 percent fall in second-quarter revenue because of challenging conditions in Macao. The company's revenue fell to $2.92 billion from $3.62 billion a year earlier. Net income attributable to Las Vegas Sands fell to $469.2 million, or 59 cents per share, in the quarter ended June 30, from $671.4 million, or...

  • Mohegan Sun takes gamble with online casino for NJ Wednesday, 22 Jul 2015 | 4:02 PM ET
    People play the slot machines at the Mohegan Sun in Uncasville, CT

    Mohegan Sun enters New Jersey's online casino market this week with a real-money gambling website, Mohegansun.com.

  • UPDATE 1-Caesars faces bankruptcy after losing key ruling Wednesday, 22 Jul 2015 | 3:41 PM ET

    CHICAGO/ WILMINGTON, Del., July 22- Caesars Entertainment Corp may be closer to joining its operating unit in bankruptcy after a federal judge refused to protect the casino company from creditor lawsuits seeking up to $11 billion, sending its stock plummeting. Caesars and its private equity backers Apollo Global Management LLC and TPG Capital, said staying...

  • July 20- Caesars Entertainment Corp reached an agreement with its lenders late on Monday night, hours after a New York state court judge threw out a lawsuit by the casino company against a group of creditors known as the second-lien noteholders. Caesars Entertainment will contribute an additional $200 million of Caesars Entertainment convertible notes to...

  • July 17- Employees at the Trump Taj Mahal casino, in New Jersey's struggling gambling hub Atlantic City, have voted to authorize a strike over sharp cuts in pay, benefits and other issues, their union said on Friday. About a thousand people would potentially walk out, including bartenders, cocktail waitresses, bellmen, cooks and housekeepers, according to Ben...

  • Poker's biggest star misses final table at Series Wednesday, 15 Jul 2015 | 11:17 AM ET
    Daniel Negreanu on the floor after his elimination.

    Poker's biggest star, Daniel Negreanu, came up two places short of making the final table of the Main Event in the World Series of Poker.

  • Pro poker's biggest shark closes on tourney final Tuesday, 14 Jul 2015 | 1:14 PM ET
    Daniel Negreanu, World Series of Poker

    One of the biggest names in professional poker is just one day away from getting to the sport's biggest stage.

  • How Macau's losing streak is impacting its citizens Monday, 6 Jul 2015 | 5:50 AM ET
    How Macau's losing streak is impacting its citizens

    Many of Macau's residents turn to jobs in the gaming industry for better income, but how will the slowdown in the city's casino industry affect them? CNBC's Eunice Yoon finds out.

  • Why Chinese travelers are shunning Macau Monday, 6 Jul 2015 | 5:40 AM ET
    Why Chinese travelers are shunning Macau

    Liu Shuai, a Chinese state bank officer who lives in the city of Zhuhai, tells CNBC why he stopped visiting Macau after Beijing started its anti-corruption campaign.

  • Dark cloud hangs over 'Las Vegas of the East' Monday, 6 Jul 2015 | 5:30 AM ET
    Dark cloud hangs over 'Las Vegas of the East'

    In this episode of "Inside China", CNBC's Eunice Yoon finds out what's hurting Macau's billion-dollar gambling industry.

  • Macau casinos stocks up after China visa changes Thursday, 2 Jul 2015 | 10:03 PM ET

    Shares in Macau's casino companies jumped more than 10 per cent on Thursday in a rare relief rally after the government relaxed visa restrictions.

  • Could this dim the growth prospects of Macau? Thursday, 2 Jul 2015 | 7:25 PM ET
    Could this dim the growth prospects of Macau?

    Apart from Beijing's anti-graft campaign, Macau's outlook is also clouded by the conflicts in its own society over what role the casinos should play in the city's future.

  • Out of luck: Macau continues losing streak Wednesday, 1 Jul 2015 | 6:49 PM ET
    Out of luck: Macau continues losing streak

    Macau's casino revenue fell for the 13th consecutive month in June amid Beijing's anti-corruption drive. CNBC's Eunice Yoon has more.