Travel Casinos and Gaming

More

  • June 15- Tencent Holdings Ltd is nearing a deal to buy a majority stake in Finnish games maker Supercell Oy, a person familiar with the matter said, marking the latest push by China's biggest social network and online entertainment company into the lucrative gaming industry. Last year, it bought a 15 percent stake in mobile game developer Glu Mobile Inc, which...

  • CHICAGO, June 8- A U.S. bankruptcy judge said on Wednesday he must look deeper into whether he has the authority to halt bondholder lawsuits against Caesars Entertainment Corp in New York and Delaware given that proceedings have already begun. Caesars plans to pump about $4 billion to help restructure the unit, called Caesars Entertainment Operating Co..

  • *Around 350 spot commodity trading platforms in China. SHANGHAI/ BEIJING, June 7- Chasing the promise of outsized returns, 48- year-old businessman He Xiaolun started trading oil last August on a platform developed by the Shaanxi Non-ferrous Metal Exchange. Over the next five months, he lost nearly 3 million yuan.

  • Blatstein, chief executive of Philadelphia- based Tower Investments, said in a statement that 852 hotel rooms will open in two towers at the Showboat, making it the largest non-casino hotel in New Jersey. The announcement comes after state lawmakers and Governor Chris Christie ended months of bickering over the best way to help cash-strapped Atlantic City,...

  • Bet on casino stocks?

    Adam Trivison, Gabelli & Company, and Harry Curtis, Nomura Securities, discuss investing in casino stocks in Macau and Las Vegas, and "Fast Money" trader Guy Adami weighs in.

  • Caution on casino stocks?

    CNBC's Susan Li reports on the gaming sector as Macau's casinos are still under pressure while U.S.-based names may be a better bet.

  • June 2- New Jersey's gambling hub Atlantic City, which has steadily lost players to nearby states, could end up with four fewer casinos if proposals to expand the business beyond the city's borders become a reality, Fitch Ratings said on Thursday. A dozen casinos used to operate in Atlantic City, which once had a monopoly on East Coast gambling.

  • June 2- New Jersey's fiscally distressed gambling hub Atlantic City could lose up to four more casinos if the state follows through with proposals to expand gaming beyond the coastal city's borders, Fitch Ratings said on Thursday. New Jersey allows casinos only in Atlantic City. A dozen casinos used to operate in Atlantic City, which once had a monopoly on East...

  • WILMINGTON, Del., June 1- U.S. Congress members urged Treasury Secretary Jacob Lew to deny Caesars Entertainment Corp a favorable tax ruling relating to the casino operator's plan to create a trust to own its hotels and resorts, saying that doing so would amount to a taxpayer subsidy. Congress took steps to curb REITs last year, but Caesars was exempted because it...

  • HONG KONG, June 1- Macau, the world's biggest casino hub, posted a drop of 9.6 percent in gambling revenue for May, with the pace of decline accelerating from the previous month, as wealthy gamblers continued to steer clear of the southern Chinese territory. Macau, the only place in China where casino gambling is legal, has been hit by a protracted anti-corruption...

  • *Macau unit says parent reached confidential settlement. HONG KONG, June 1- Sands China Ltd, the Macau casino company controlled by U.S. billionaire and prominent Republican donor Sheldon Adelson, said its parent Las Vegas Sands Corp has settled with a former chief executive, bringing an end to a near six-year legal battle. Steve Jacobs, who led Sands' Macau...

  • HONG KONG, June 1- Sands China Ltd, the Macau casino company controlled by U.S. billionaire and prominent Republican donor Sheldon Adelson, said it has settled with a former chief executive, bringing an end to a near six-year legal battle. Steve Jacobs, who led Sands' Macau operations from 2009 to 2010, sued Sands' parent Las Vegas Sands Corp in 2010 for breach of...

  • The Trump Taj Mahal casino in Atlantic City, New Jersey.

    The Supreme Court rejected a union's appeal of a lower court's ruling that allowed Trump Taj Mahal casino to break its contract with union workers.

  • 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...

  • Eden Hazard of Chelsea is closed down by N'Golo Kante of Leicester City during a Barclays Premier League match at Stamford Bridge on May 15, 2016 in London.

    As daily fantasy sports face more scrutiny in the U.S., the industry's small businesses are increasingly concerned about getting shut out.

  • Macau casino

    A number of casino stocks amid positive news from the much-maligned Macau gambling scene.

  • People walk on the boardwalk in Atlantic City, N.J., Nov. 8, 2014.

    Atlantic City decided to make its $1.8 million bond payment Monday to avoid default, Mayor Don Guardian says.

  • April 27- Shares of Red Rock Resorts Inc fell 5 percent in their debut on Wednesday, valuing the Las Vegas- based casino operator at $2.14 billion. At the time, the company operated under the name Station Casinos. Station Casinos filed for bankruptcy in 2009, under the burden of debt from the leveraged buyout and a struggling Las Vegas economy.

  • Las Vegas Sands

    China's slowdown is the biggest risk to Las Vegas Sands' Macau business, says Fitch Ratings' senior director, Alex Bumazhny.

  • Las Vegas Sands Earnings

    Las Vegas Sands' Q1 headline numbers are disappointing but mass market demand pick-up is healthy, says Union Gaming's North America director, John Decree.