Travel Casinos and Gaming

  • ATLANTIC CITY, N.J.— The Latest on the planned reopening of Atlantic City's former Revel casino.:. A New Jersey redevelopment agency has moved Atlantic City's former Revel casino closer to reopening two years after it shut down. The agency dropped its insistence that owner Glenn Straub pay $100,000 in assessments for a special business district before the...

  • SAN FRANCISCO, Sept 20- Shares of MGT Capital Investments, led by anti-virus software pioneer John McAfee, dropped 21 percent on Tuesday after it said the New York Stock Exchange denied approval of the listing of shares for a planned merger with anti-spyware company D-Vasive Inc.. As part of the deal, MGT said it would issue 43.8 million shares to acquire assets...

  • RENO, Nev.— Eldorado Resorts has agreed to buy Missouri- based Isle of Capri Casinos for $1.7 billion in combined stocks and cash, a move that will add 13 casino-resorts to the Reno- based company's portfolio. The company based in the St. Louis area operates 14 casino properties in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania.

  • ATLANTIC CITY, N.J.— In terms of success, Atlantic City's former Revel casino was a zero. But new owner Glenn Straub hopes to swing the pendulum all the way in the other direction by renaming the casino resort Ten and reopening it in the first quarter of 2017.. Straub, a Florida developer, also adopted the double-loop infinity symbol as the logo for the rebranded...

  • A woman plays a video slot machine at an Isle of Capri casino.

    Gaming company Eldorado Resorts it would buy rival Isle of Capri Casinos for $1.7 billion, including debt.

  • Sept 19- Shares in a firm led by anti-virus software pioneer John McAfee fell 24 percent on Monday after it disclosed that it had received a subpoena from the U.S. Securities and Exchange Commission. The company, MGT Capital Investments Inc, said in a statement that it was cooperating with the SEC after receiving the subpoena on Thursday and that it does not...

  • *Sarepta soars after FDA approves muscle drug. The Fed is expected to leave rates unchanged at the two-day meeting, but investors will assess Chair Janet Yellen's speech on Wednesday for clues on the timing of the next rate hike. "There is an overriding sense that the Fed is going to move in December," said Robert Pavlik, chief market strategist at Boston Private...

  • *Sarepta soars after FDA approve muscle drug. Sept 19- Wall Street was higher on Monday, lifted by financial and energy stocks, a day before the Federal Reserve meets to discuss interest rates. The central bank is expected to leave rates unchanged at the two-day meeting, but investors will assess Fed Chair Janet Yellen's speech on Wednesday for clues on the timing...

  • Sept 19- U.S. stocks were higher on Monday as oil prices bounced back from multi-week lows and investors expected the Federal Reserve to leave interest rates unchanged at its meeting this week. Oil prices rose about 1 percent after Venezuela said OPEC and non- OPEC producers were close to a deal to stabilize an oversupplied market. Fed Chair Janet Yellen is...

  • Sept 19- Wall Street looked set to open higher on Monday as oil prices bounced back from multi-week lows and investors expected the Federal Reserve to hold steady on interest rates at its meeting this week. Oil prices rose about 1.3 percent after Venezuela said OPEC and non- OPEC producers were close to a deal to stabilize an oversupplied market.

  • Sept 19- U.S. stock index futures were higher on Monday as investors expect the Federal Reserve to maintain interest rates at its policy meeting this week. *However, investors expect Fed Chair Janet Yellen's comments to signal a potential move in December. *Wall Street closed lower on Friday, capping a week of market oscillations, as financials were weighed down by...

  • TOKYO, Sept 16- This week's Tokyo Game Show is one of the world's biggest draws for gamers and developers, but the talk amid the virtual reality headsets and robot arms is of the industry giant that never turns up: Nintendo Co Ltd. It was a rare public splash, and gamers in Tokyo read Miyamoto's guest Apple appearance as a sign that executives in Nintendo's spartan...

  • 'The Parisian' opens in Macau

    CNBC's Susan Li reports on the opening of The Parisian, Sheldon Adelson's newest casino venture in Macau.

  • MACAU, Sept 13- U.S. casino mogul Sheldon Adelson opens his fifth resort in the Chinese gambling hub of Macau on Tuesday, as signs emerge of a turnaround in the territory's fortunes after two years of falling revenues cast doubt on the wisdom of new developments. Macau's casino industry has been hit by China's slowing economic growth, a campaign against...

  • The Parisian might not have winning formula: Expert

    Past performance suggests that the Sands' mass market approach might not have what it takes, says Partners Capital International's Ronald Wan.

  • The Eiffel Tower attraction, a half-size replica of the Eiffel Tower in Paris, stands illuminated at the Parisian Macao casino resort, operated by Sands China, a unit of Las Vegas Sands Corp, in Macau.

    As the Macau gaming market begins to stabilize, is there enough appetite for another new casino?

  • Will the Parisian turn things around for Macau gaming?

    The newest addition to the Cotai Strip will boost tourist arrivals but it's unlikely to improve gaming revenues, warns Global Market Advisors' Jonathan Galaviz.

  • Will new capacity boost Macau's gaming industry?

    Fitch Ratings' Alex Bumazhny suggests that the casino sector is driven by macro conditions in China picking up rather than increases in capacity.

  • Does Sands have a winning hand with the Parisian Macao?

    Grant Govertsen, MD of Union Gaming, thinks there's potential for the French-themed resort in Macau to do well with the mass market.

  • MACAU, Sept 13- U.S. casino mogul Sheldon Adelson opens his fifth resort in the Chinese gambling hub of Macau on Tuesday, as signs emerge of a turnaround in the territory's fortunes after two years of falling revenues cast doubt on the wisdom of new developments. Sands China, a subsidiary of Adelson's Las Vegas Sands, throws open the doors of the $3 billion Parisian...