Travel Casinos and Gaming

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  • HONG KONG, March 1- The Chinese territory of Macau on Tuesday posted its best monthly gambling revenue performance since October last year, boosted by an increase in tourist numbers over the Lunar New Year holiday to the world's largest casino hub. The former Portuguese colony said growth in gambling revenue dropped 0.1 percent to 19.5 billion patacas, above...

  • *Decision puts spotlight on Hong Kong corporate governance. HONG KONG, March 1- Goldin Properties and casino operator Imperial Pacific were among 18 companies deleted from MSCI indices on Tuesday, the index provider said, amid growing investor concerns over shareholder concentration at Hong Kong- listed companies. "MSCI's decision represents a market-led...

  • WILMINGTON, Del., Feb 26- A bondholder lawsuit against Caesars Entertainment Corp, which the casino company has warned could plunge it into bankruptcy alongside its operating unit, was stayed by a U.S. The bondholders sued in New York because they believe the parent company guaranteed the bonds, which were issued by the now-bankrupt Caesars Entertainment...

  • The Crown Resorts Ltd. logo is displayed at the entrance to the Crown Towers hotel, part of the Crown Melbourne casino and entertainment complex, in Melbourne, Australia, on Friday, Aug. 7, 2015.

    Crown Resorts said first-half net profit fell by more than a fifth as a corruption crackdown continued to hammer turnover at its resorts in Macau.

  • *Asia operators look to cultivate non- China business. JEONGSEON, South Korea, Feb 25- Asia's best performing casino won't be found on Macau's Cotai Strip, Singapore's waterfront or even the shores of Manila Bay, but tucked away at the end of a winding mountain road, three hours east of Seoul. Now valued at $7.2 billion, it trails only Sands China and Galaxy...

  • MGM CEO: It's Vegas' turn to outperform

    MGM Resorts Chairman and CEO Jim Murren provides insight into the health of the business in both MGM Macau and Las Vegas.

  • MGM China

    Alex Bumazhny from Fitch Ratings says MGM's Q4 results, especially in Las Vegas, were better than anyone had expected.

  • Feb 18- TPG Capital LP is close to finishing a two-year effort to raise its latest global private equity fund, amassing $10 billion, according to people familiar with the matter, a key step in the firm's plans for an eventual initial public offering. TPG has secured $9.8 billion from investors for its latest buyout fund, TPG Partners VII, and has commitments well in...

  • David Milch

    David Milch, creator of "Deadwood" and "NYPD Blue," is fighting an incapacitating gambling addition, according to a report.

  • The SEC said the trades were based on inside information provided by Oleksandr Ieremenko and Ivan Turchynov, two hackers from Ukraine, who stole more than 100,000 news releases for publicly traded companies before they were issued to the public. These thefts included information about quarterly results, and occurred from 2010 to 2014, the SEC said.

  • *U.S. oil settles up 12 pct on renewed talk of OPEC cut. U.S.-listed shares of Deutsche Bank were up 12 percent at $17.38, while the S&P financial index rallied 4 percent, its largest daily percentage gain since November 2011. "Europe was strong and especially the banks in Europe, and that appeared to have some positive carryover effect on sentiment towards banking...

  • *U.S. oil settles up 12 pct on renewed talk of OPEC cut. U.S.-listed shares of Deutsche Bank were up 11.3 percent at $17.27, while the S&P financial index rallied 3.8 percent. "Europe was strong, especially the banks, and that appeared to have some positive carryover effect on banking stocks here in the U.S.," said John Carey, portfolio manager at Pioneer Investment...

  • *Financial lead, led by banks. *JPMorgan jumps after CEO Dimon ups stake. Feb 12- Wall Street staged a comeback on Friday, led by a rebound in beaten-down financial and energy stocks after five straight days of a grueling rout on fears over the health of the global economy and the banking sector.

  • Year of the Monkey celebrations kick off at the Venetian in Las Vegas.

    Chinese New Year is the third or fourth most important event on the calendar for Las Vegas. Here's how Sin City is prepped.

  • In this Nov. 13, 2015, file photo, fantasy sports fans demonstrate outside the Financial District offices of New York state Attorney General Eric Schneiderman, in New York.

    DraftKings has received a gambling license to operate in the U.K., even as it fights that label to operate in the United States.

  • Feb 3- The bankrupt operating unit of Caesars Entertainment Corp on Wednesday proposed mediation in its Chapter 11 case in a U.S. bankruptcy court, potentially changing the course of the drawn-out proceedings. According to a copy of the motion filed in the Northern District of Illinois court, Caesars Entertainment Operating Co believes a mediator would help...

  • Macau Gaming

    Richard Huang, a research analyst at Nomura, says in Macau lodging and entertainment ventures are getting as much focus as its gaming sector.

  • Macau gambling revenue slump

    CNBC's Emily Tan reports on how China's recent anti-corruption drive have changed Macau's gaming fortunes.

  • Feb 1- Canadian gaming company Amaya Inc's Chief Executive Officer David Baazov said he plans to make an offer to buy the company at about C $21 per share. Baazov currently owns 24.6 million common shares of Amaya, representing about 18.6 percent of the outstanding common shares, and has options to buy 550,000 more shares. The offer represents a 40 percent premium...

  • HONG KONG, Feb 1- Gambling revenues for the Chinese territory of Macau dropped 21.4 percent in January, ahead of a Lunar New Year week-long holiday which is expected to boost the number of visitors to the world's largest casino hub. Macau, which relies on the casinos for revenue, has been battered by a two-year-old anti-corruption campaign and slowing growth in...