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Travel Casinos and Gaming


  • Pro sports secrets just got even more valuable Thursday, 8 Oct 2015 | 10:35 AM ET
    DraftKings and FanDuel displayed in different formats.

    Accusations of insider betting at DraftKings and FanDuel show that daily fantasy sports are ripe for fraud, experts say.

  • Oct 8- Caesars Entertainment Corp has filed in a U.S. bankruptcy court an amended restructuring plan that provides for higher recoveries for its unit's junior creditors and it has sought an extension to its exclusive right to propose a plan. Caesars' operating subsidiary filed for Chapter 11 bankruptcy in January, but its restructuring plan has been opposed by...

  • Oct 8- Casino operator Caesars Entertainment Corp said its unit filed an amended restructuring plan along with a disclosure statement in a U.S. bankruptcy court. Caesars Entertainment said its unit was not seeking a hearing to approve the disclosure statement and solicit votes on the amended plan at this time. The company has been battling creditors over...

  • Is this reason to bet on Macau's gaming sector? Thursday, 8 Oct 2015 | 12:41 AM ET
    Is this reason to bet on Macau's gaming sector?

    Mass-market gamblers will help to stabilize Macau's gaming and casino sectors as big players double their capacity, says Matthew Ossolinkski, chairman at Ossolinksi Holding.

  • No pick-up for Macau's casinos: Expert Wednesday, 7 Oct 2015 | 6:47 PM ET
    No pick-up for Macau's casinos: Expert

    Macau's tourism figures have improved but casino and gaming revenue remain very weak, says Jonathan Galaviz, partner at Global Market Advisors.

  • New York Attorney General opens fantasy sports probe Tuesday, 6 Oct 2015 | 9:10 PM ET

    Eric Schneiderman has opened an inquiry into DraftKings and FanDuel over the fraudulent use insider information, the NYT reports.

  • Meet a guy who makes a living on fantasy sports Tuesday, 6 Oct 2015 | 1:46 PM ET
    Assani Fisher at the DraftKings suite at Gillette Stadium in September

    Top players can make huge cash in the booming but criticized daily fantasy sports industry, which is led by DraftKings and FanDuel.

  • CHICAGO, Oct 2- Creditors of Caesars Entertainment Corp's casino business are heading to court on Monday to argue that the company has been bankrupt for three days longer than it acknowledges, and $468 million hangs on the outcome. Bankruptcy Judge Benjamin Goldgar in Chicago that the process began on Jan. 12 in Delaware. Three days later, the operating unit of...

  • Will Macau's gaming revenue continue to fall? Thursday, 1 Oct 2015 | 6:33 PM ET
    Will Macau's gaming revenue continue to fall?

    Somesh Agarwal, senior analyst at Macquarie Securities Group, says additional capacity in Macau will likely continue to weigh on the gaming revenue and profitability of casino operators.

  • Buying into Vegas at bargain basement prices Wednesday, 30 Sep 2015 | 12:56 PM ET
    Tropicana Las Vegas

    The market for distressed properties has spread from the housing market to the very heart of Sin City.

  • Come play with us: Casinos try to draw millennials Wednesday, 30 Sep 2015 | 10:50 AM ET
    Casinos are trying to find new ways to attract millennials.

    This week at the Global Gaming Expo, the industry is trying to figure out how to attract a younger crowd with new interests.

  • *Tourism overtakes coal as Australia's No.2 export earner. SYDNEY/ WELLINGTON, Sept 30- Australia and New Zealand risk losing a global arms race for big-spending Chinese holidaymakers unless they improve their services and infrastructure, jeopardizing hopes that tourism will fill the economic hole left by the commodities downturn. "We're number one in terms...

  • MGM's Murren: Macau 'ugly' but Vegas 'better' Tuesday, 29 Sep 2015 | 2:01 PM ET
    Chairman and CEO of MGM Resorts International Jim Murren

    It has not been a good year to be a shareholder in a major casino company. But the CEO says, "We're doing better, thank God."

  • NEW YORK, Sept 25- A billionaire Macau developer arrested for lying to U.S. customs officials about why he brought $4.5 million in cash into the United States was subpoenaed in 2014 as part of a separate foreign bribery investigation, a source familiar with the matter said on Friday. But Ng's name has repeatedly surfaced in a private lawsuit against billionaire...

  • VIP revenue stream never coming back: Pro Wednesday, 23 Sep 2015 | 5:35 PM ET
    VIP revenue stream never coming back: Pro

    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...

  • Borgata Casino regulating weight of waitresses Friday, 18 Sep 2015 | 10:00 AM ET
    Borgata Casino regulating weight of waitresses

    An appeals panel ruled that the Borgata casino can regulate the weight of its cocktail waitresses.

  • Panel upholds casino's 'Borgata Babes' weight limit Friday, 18 Sep 2015 | 8:26 AM ET
    Visitors enter the Borgata Hotel and Casino in Atlantic City, N.J.

    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 did something big, very quietly Tuesday, 15 Sep 2015 | 10:19 AM ET
    WSOP web page

    PayPal just started allowing processing for online gambling outfits, but is not doing any PR around it.