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Travel Casinos and Gaming


  • Condo owners in Panama tell Trump: You're fired! Sunday, 11 Oct 2015 | 8:37 AM ET

    PANAMA CITY— The directors of the Trump Ocean Club met July 28 on urgent business. They needed to fire Donald Trump. But during the four years that Trump Panama Condominium Management LLC had managed the property, Central America's largest building, a team installed by the Trump family was accused of running up more than $2 million in unauthorized debts, paying...

  • Macau bustles over the golden week Thursday, 8 Oct 2015 | 8:43 PM ET
    Macau bustles over the golden week

    Macau's strong activity over the Golden Week suggests that seasonal casino and gaming trends are intact, says Grant Govertsen, MD at Union Gaming Group.

  • CHICAGO, Oct 8- Caesars Entertainment Corp's bankrupt operating unit said it will seek bidders for its business while continuing talks with its warring creditors, whose position was strengthened by a key court victory on Thursday. Caesars' operating unit, which runs 38 casinos in five countries and employs 32,000, filed for bankruptcy in January with $18...

  • CHICAGO, Oct 8- Caesars Entertainment Corp's bankrupt casino unit struggled on Thursday to keep its complex debt-cutting plan on track, saying it had sweetened the payout to its creditors whose position was strengthened by a key court victory. Soon after the company unveiled the modified plan, a U.S. judge in Chicago ruled that creditor lawsuits could proceed...

  • 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.

  • ATLANTIC CITY, N.J.— An Atlantic City casino locked in a legal battle with poker pro Phil Ivey over an alleged card cheating scam is seeking to have the famous gambler's lawsuit dismissed. The Borgata claims Ivey and an associate, Cheng Yin Sun exploited a defect in cards that enabled them to sort and arrange good cards. The casino says the technique, called edge...

  • 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.

  • SPRINGFIELD, Mass.— The head of MGM Resorts International said Monday the company remains committed to building a casino in downtown Springfield despite a recent redesign that eliminated a 25- story hotel and associated apartments. The project will still include a 250- room, six-story hotel and 30 to 35 market-rate apartments that will be built in a former...

  • 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.

  • James Russell Cooper Jr. and Mark William Branco were fired by the Bellagio after the scheme came to light and they were arrested in July 2014, prosecutor Jay P. Ramen said Thursday. Cooper and Branco are named with Jeffrey D. Martin and Anthony Grant Granito in a 60- count indictment filed Wednesday. The dice game scam involved the dealers accepting late or unclear...

  • Caesars' new CEO shocked with lack of casino innovation Wednesday, 30 Sep 2015 | 1:59 PM ET

    LAS VEGAS— New Caesars Entertainment Corp. CEO Mark Frissora said he's been shocked at the casino industry's lack of innovation in appealing to younger would-be gamblers. "The time is now," he said, speaking Wednesday on a panel at the industry's annual trade show, the Global Gaming Expo, in Las Vegas. Frissora described himself as an outsider during one of his first...

  • 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.

  • Nevada gambling revenue down 1 percent in August Wednesday, 30 Sep 2015 | 12:41 PM ET

    CARSON CITY, Nev.— Nevada gambling revenue in August dropped a little more than 1 percent from a year earlier, pulled down by an ongoing slide in baccarat play linked to a wavering economy in China. The Nevada Gaming Control Board said Wednesday that the state's casinos kept $908 million of the money gamblers wagered in August, which is down 1.4 percent from August...

  • 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.