Macau's strong activity over the Golden Week suggests that seasonal casino and gaming trends are intact, says Grant Govertsen, MD at Union Gaming Group.» Read More
The outlook for casinos and the best way to play the space with Harry Curtis, Nomura Securities.
SAO PAULO/ BRASILIA, Sept 22- Brazil's cash-strapped government is in talks with lawmakers over legalizing gambling to increase revenues as Congress balks at President Dilma Rousseff's efforts to overcome a budget deficit by raising other taxes. Brazil has banned casinos since 1946 and it outlawed bingo halls in 2007 amid concerns they facilitated money...
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.
TOKYO, Sept 17- Japan's Universal Entertainment Corp said it has dropped demands for damages against three former employees it accused of making millions of dollars of unauthorized payments related to its Philippine casino project. Universal, controlled by billionaire pachinko gambling machine tycoon Kazuo Okada, said late on Wednesday in a filing with...
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.
NEW YORK, Aug 27- Caesars Entertainment Corp on Thursday moved a step closer toward a possible trial with bondholders, as a Manhattan federal judge refused to hold the gaming company liable to help repay $7 billion of debt owed by its main operating unit. District Judge Shira Scheindlin rejected requests by bond trustees BOKF NA and UMB Bank NA that Caesars be...
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
The Hang Seng index fell 1.8 percent, to 22,757.47, while the China Enterprises Index, which tracks big Chinese companies listed in Hong Kong, lost 2.3 percent, to 10,402.72 points. Thursday's close was the lowest for the Hang Seng Index since Dec. 18. Hong Kong carrier Cathay Pacific fell 3.3 percent, following a downgrade by Credit Suisse.
LOS ANGELES, Aug 19- Finnish mobile gaming company Rovio Entertainment, best known for its high-flying "Angry Birds," is hoping to rebound from a tough 2014 and to expand in Asia by tailoring its games to draw local consumers. China accounts for a third of the nearly 40 million downloads of "Angry Birds 2" since July 30, making it the top market. For Birds 2, Rovio...
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.
Scott Phillips, advisor at The Motley Fool Australia, says Echo Entertainment's plan for a new casino in Brisbane is a good idea. He also discusses news that James Packer has stepped down as chairman of Crown Resorts.
Timothy McNally, chairman of NagaCorp, attributes the company's 42 percent rise in gross gaming revenue to factors such as scale of operation and its focus on Southeast Asia.
Matt Bekier, CEO of Echo Entertainment, says the company's domestic businesses such as Sydney's Star Casino underpinned the 59 percent jump in full-year net profit.