Travel Casinos and Gaming

More

  • *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.

  • Wynn beats 4Q profit forecasts Thursday, 11 Feb 2016 | 5:43 PM ET

    LAS VEGAS _ Wynn Resorts Ltd. on Thursday reported fourth-quarter profit of $87.2 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. Six analysts surveyed by Zacks expected $960.1 million.

  • King Digital misses 4Q profit forecasts Thursday, 11 Feb 2016 | 5:17 PM ET

    DUBLIN _ King Digital Entertainment PLC on Thursday reported fourth-quarter net income of $90.7 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Three analysts surveyed by Zacks expected $492 million.

  • Pinnacle Entertainment reports 4Q loss Thursday, 11 Feb 2016 | 9:51 AM ET

    LAS VEGAS _ Pinnacle Entertainment Inc. on Thursday reported a fourth-quarter loss of $13.9 million, after reporting a profit in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Pinnacle Entertainment shares have dropped 12 percent since the beginning of the...

  • Vegas hoping for year of 'monkey' business Tuesday, 9 Feb 2016 | 11:02 AM ET
    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.

  • UK launch gives DraftKings a 'gambling' problem Monday, 8 Feb 2016 | 1:56 PM ET
    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.

  • A bill to hold a referendum in November on casino expansion has been approved by committees in the Senate and Assembly, which took the most recent vote Monday morning. The referendum would amend the state Constitution to permit casino gambling outside of Atlantic City. Assemblyman Chris Brown, an Atlantic City- area Republican, said voters need to know how much...

  • Lawsuit challenges tribal reservation decision Friday, 5 Feb 2016 | 3:51 PM ET

    "The federal government has grossly overstepped its authority," said Adam Bond, a lawyer for the 25 Taunton residents named in the suit. The 2015 decision granted the Mashpee Wampanoags 151 acres in Taunton and 170 acres in Mashpee, a town some 50 miles away on Cape Cod. Backed by Malaysian casino developers the Genting Group, the tribe proposes a $500 million Las...

  • ATLANTIC CITY, N.J.— Atlantic City's Borgata casino says it will stop making tax payments until the city hands over $62.5 million in court-ordered tax refunds. Atlantic City owes more than $170 million to the Borgata in tax appeals that the casino won by challenging the property's assessed value as the city's gambling market shrank amid cutthroat competition...

  • In New England, where a regional casino war is afoot, Connecticut's Foxwoods is remaking one of its gambling floors— now christened "The Fox"— as a hip, fun scene in the sprawling 30- year-old casino complex. In Rhode Island, the more modest-sized Twin River Casino removed 274 slot machines to make way for more poker and other table games favored by younger gamblers...

  • Correction: Las Vegas-Pay To Park story Thursday, 4 Feb 2016 | 2:40 PM ET

    LAS VEGAS— In a story Feb. 2 about MGM Resorts International outsourcing its Las Vegas Strip parking operations to a Chicago- based firm, The Associated Press erroneously reported the title of MGM Resorts executive Corey Sanders. SP Plus Corp. will handle paid parking at all non-union MGM Resorts International properties, including Mandalay Bay, Delano, Monte...

  • Draftkings plans UK launch amid US clampdown Wednesday, 3 Feb 2016 | 4:24 PM ET
    The fantasy sports website DraftKings

    DraftKings, the fantasy sports company facing bans in the US, is planning to launch in the UK. The Financial Times reports.

  • 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...

  • SP Plus Corp. will handle paid parking at all non-union MGM Resorts International properties, including Mandalay Bay, Delano, Monte Carlo, New York-New York, Vdara, Aria, Bellagio, The Mirage and MGM Grand, the company said. Valets were told during an afternoon employees' meeting that SP Plus will hire MGM Resorts' approximately 400 non-union parking service...

  • Is the worst over for Macau's gaming sector? Monday, 1 Feb 2016 | 8:52 PM ET
    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.

  • A look at Macau's gloomy gaming sector Monday, 1 Feb 2016 | 6:01 PM ET
    Macau gambling revenue slump

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

  • Judge Patrick Falvey rejected arguments that officials in Tyre failed to adequately consider how the Lago Resort and Casino would affect the surrounding community under state environmental review law. A local group called Casino Free Tyre claims the town board did the bidding of casino developers by failing to scrutinize the effects of the large...

  • Amaya CEO offers to buy company for C$21/shr Monday, 1 Feb 2016 | 7:41 AM ET

    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...

  • *Caesars wants a decision before a March trial in New York. CHICAGO, Jan 29- The bankrupt operating unit of Caesars Entertainment Corp will soon ask a U.S. judge to shield its parent from $12 billion of lawsuits to facilitate a debt-cutting rescue deal, but approval could set a bad precedent for creditors. Hedge fund bondholders have sued Caesars in New York and...