BOSTON— Wynn Resorts won a key state approval for its Boston- area casino late Friday, bringing the $1.7 billion project billed as the state's largest single private development another step closer to finally breaking ground. The finding, he said, sets in motion more detailed permitting, review and approval processes at the local, state and federal levels for the...» Read More
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.
Macau's casino revenue fell for the 13th consecutive month in June amid Beijing's anti-corruption drive. CNBC's Eunice Yoon has more.
Tuna Amobi, Standard and Poor's, thinks we are in the early to mid-innings of a multi-year correction for casinos with exposure to Macau.
The world's casino capital Macau could be in trouble. Harry Curtis, Nomura senior gaming analyst, shares his trade.
CNBC's Eunice Yoon takes a look at why the chips are down for Macau despite tens of millions of people visiting its casinos.
Jonathan Galaviz, partner at Global Market Advisors, says the relaxation of visa rules for mainland tourists visiting Macau will only be "helpful around the edges."
Macau casino stocks Melco Crown, Las Vegas Sands and MGM were higher Tuesday. The "Fast Money" traders take their positions.
CNBC's Morgan Brennan, and Tom Ballance, Borgata president & COO, talk about the shrinking casino business in Atlantic City and how bad policy is impacting the space. Also Ballance weighs in on how online gambling has created an additional revenue stream for Borgata.
Jean-Robert Bellande took home $784,828 in the Poker Players Championship at the World Series of Poker in the early morning hours Friday.
Insight to a bill which makes it legal for out-of-state residents to have access to the states licensed sports books through sports betting investment funds, with Quinton Singleton, CG Technology VP.
*SEC says freezes assets of Luo Haijian, CEO of 4399 Co Ltd. In a New York court filing, the SEC says 33- year old Luo, who is the chief executive of 4399 Co Ltd, bet Qihoo's stock price would rise in the short term by purchasing $700,000 of "out of the money" call options through a U.S. brokerage account prior to the buyout announcement. "The suspicious timing and size of Luo's...
Henry To, partner and chief investment officer at CB Capital Advisors, says valuations underpin his bullish view on China's A-shares in the long run.
Side bets are common among professional card sharks in the pro poker world, but they're not often talked about. Until now.
June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by actual noteholders, which include the...
June 16- Tracinda Corp, the holding company founded by Kirk Kerkorian, said the billionaire's will requires the company to dispose of its stake in casino operator MGM Resorts International. Based on MGM Resorts' 563 million shares outstanding as of May 5, the stake was worth $1.75 billion as of Monday. Kerkorian, who founded MGM Resorts and was its largest...
June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its controversial plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by the actual noteholders, which...
In this special report titled "Global Opportunities Philippines", CNBC's Pauline Chiou looks at whether the Philippines has what it takes to become Asia's next gaming hub.
Hard Rock and the Meadowlands racetrack are unveiling plans to develop a casino in northern New Jersey. Jim Allen, Hard Rock chairman, explains how the tax revenues from the new casino can help Atlantic City.
The IRS has its eye on casino and bingo winnings.
Somesh Agarwal, senior analyst at Macquarie Securities Group, attributes his poor outlook for Genting Singapore in the medium term to factors such as bad VIP gambling debts.