Travel Casinos and Gaming

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  • *VIP turnover exceeds Philippines, Cambodia and Malaysia. DANANG, Vietnam, Dec 7- A small beachfront Vietnamese casino is giving Macau's VIP gambling scene a run for its money, drawing in more wealthy Chinese through its columned facade than many Southeast Asian rivals with the allure of sun, sand and discretion. Its main gaming area- plushly decked out in beige and...

  • *VIP turnover exceeds Philippines, Cambodia and Malaysia. DANANG, Vietnam, Dec 7- A small beachfront Vietnamese casino is giving Macau's VIP gambling scene a run for its money, drawing in more wealthy Chinese through its columned facade than many Southeast Asian rivals with the allure of sun, sand and discretion. Its main gaming area- plushly decked out in beige and...

  • H-shares require a more bearish outlook than A-shares: CMB

    H-shares face a tougher 2016 because of a potential Fed tightening as well as a yuan devaluation, explains Daniel So, strategist at CMB International Securities.

  • Fitch: Macau casinos are stabilizing Tuesday, 1 Dec 2015 | 5:46 PM ET
    Fitch: Macau casinos are stabilizing

    Macau casinos face mid-single digit revenue declines in 2016, but the numbers are stabilizing thanks to its mass market segment and new casino projects, says Alex Bumazhny, director at Fitch Ratings.

  • Are fantasy sports gambling or a game? Wednesday, 25 Nov 2015 | 5:30 AM ET
    Are fantasy sports gambling or a game?

    Eric Fisher, reporter for the Sports Business Journal, talks about fantasy sports games operators Draft Kings and Fan Duel which have been suspended from operating in New York.

  • Dore's $250M scandal topples Macau's house of cards Tuesday, 24 Nov 2015 | 8:10 PM ET

    The theft of millions of dollars from investors in a Macau junket operator has hastened the demise of the gaming hub's main business model.

  • Brandishing banners and loudspeakers, dozens of investors have protested outside Wynn Macau Ltd's casino for two months, demanding the return of money stolen by an employee of junket operator Dore Entertainment Co Ltd and accusing Dore's head of dodging responsibility. Macau's shift towards the mass market plays into Beijing's overall strategy to make...

  • Yahoo ensnared in daily fantasy site crackdown Friday, 20 Nov 2015 | 11:53 AM ET
    Yahoo ensnared in daily fantasy site crackdown

    CNBC's Eric Chemi looks at how the crackdown on daily fantasy sports sites can even affect Yahoo, but it still could be a positive.

  • Wynn shares slip on casino opening delay Wednesday, 18 Nov 2015 | 3:25 PM ET
    Wynn shares slip on casino opening delay

    Wynn's latest hotel and casino opening in Macau has been delayed, reports CNBC's Jane Wells.

  • Your first trade for Wednesday Tuesday, 17 Nov 2015 | 6:10 PM ET

    The "Fast Money" traders delivered their final trades of the day.

  • Nov 17- The U.S. House of Representatives passed legislation on Tuesday aimed at blocking the National Labor Relations Board's jurisdiction over tribal casinos on Indian land. Senator John Barrasso, a Republican from Wyoming who chairs the Senate Committee on Indian Affairs, hopes the bill will move in the Senate in the coming months if scheduling permits, a...

  • FanDuel to stop accepting new deposits in New York Friday, 13 Nov 2015 | 4:12 PM ET
    People outside Attorney General Eric Schneiderman's Manhattan office, where they were protesting his decision to classify daily fantasy sports as illegal gambling, November 13, 2015.

    The decision comes after FanDuel led a protest of New York Attorney General Eric Schneiderman after he called daily fantasy sports illegal gambling.

  • Nov 3- "FarmVille" game maker Zynga Inc said Chief Financial Officer David Lee was stepping down and Chief Accounting Officer Michelle Quejado was taking over as interim CFO. Zynga also said it would delay the launch of the "Dawn of Titans" and "CSR2" games to 2016 from the fourth quarter planned earlier. Founder Mark Pincus, who returned as chief executive this year,...

  • "Farmville" creator Zynga's CFO steps down Tuesday, 3 Nov 2015 | 4:08 PM ET

    Nov 3- "FarmVille" game maker Zynga Inc said Chief Financial Officer David Lee was stepping down and Chief Accounting Officer Michelle Quejado was taking over as interim CFO. Lee, who joined Zynga from Best Buy Co Inc in April last year, will leave the gaming company in December. However, Zynga forecast bookings of $165 million- $180 million for the current quarter,...

  • No Golden Week bonanza for Macau's October revenue Sunday, 1 Nov 2015 | 3:20 AM ET

    Gambling revenue in the Chinese territory fell 28.4% on-year in October, the 17th consecutive month of decline.

  • *MGM to maintain control of new REIT. MGM, which will own 70 percent of the REIT, said the 10 properties together have more than 24,000 hotel rooms. Casino operators like MGM have relied on strong revenue growth from their Macau operations to bolster results.

  • The properties would include six Las Vegas resorts and entertainment assets besides The Mirage: Mandalay Bay, Monte Carlo, New York-New York, Luxor, Excalibur, and The Park. MGM said it will continue to manage and operate the properties and will retain full ownership of the Bellagio and MGM Grand Las Vegas. MGM join a list of companies looking to spin off their real...

  • HONG KONG, Oct 29- Macau's top gaming regulator Manuel Neves is stepping down from his post in the world's largest casino hub, the Chinese territory's government said, at a time when its revenues are plummeting and the growth outlook looks weak in the coming year. The 56- year-old had overseen the gaming industry from its infancy, prior to the entry of U.S. giants Las...

  • SYDNEY, Oct 29- Australian casino company Crown Resorts Ltd said it has bought a one-fifth stake in Nobu, valuing the high-end restaurant and hotel chain part-owned by movie star Robert De Niro at half a billion dollars. "We see the Nobu brand as complementary to Crown Resorts' global luxury entertainment positioning," Crown Chairman Rob Rankin said in the...

  • MACAU, Oct 27- Batman and Wonder Woman are just some of the superheroes casino operator Melco Crown Entertainment Ltd is deploying at its new $3.2 billion casino in Macau, which opened on Tuesday in the midst of a sharp downturn for the Asian gambling playground. Mariah Carey headlined a star-studded opening ceremony for the Hollywood- themed Studio City resort,...