Travel Casinos and Gaming

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  • 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...

  • CARSON CITY, Nev.— The house ended up winning about $11.1 billion of all the money gambled in Nevada in 2015— an increase of 1 percent from 2014 but still below Nevada's peak year in 2007.. Las Vegas Strip casinos accounted for most of that, keeping $6.3 billion in 2015, according to Nevada Gaming Control Board statistics released Friday. Reno casinos saw a gain of 3.3...

  • Bet on gaming: 4 trades on casino stocks Wednesday, 27 Jan 2016 | 7:07 PM ET

    The "Fast Money" traders have their eye on some bets based on the idea that Asian gaming hub Macau may be stabilizing.

  • Will gaming earnings signal a bottom in Macau? Tuesday, 26 Jan 2016 | 1:20 PM ET
    A dealer handles gaming chips at a baccarat table inside the Venetian Macau resort and casino, operated by Sands China Ltd., a unit of Las Vegas Sands Corp., in Macau, China.

    Investors look ahead to earnings from gaming companies, hoping for good news from the sector, the Chinese economy and Macau.

  • An industry that has thrived despite strict regulation and a century-old ban in the capital Paris is now eyeing big urban centres where it was once unwelcome. In a policy U-turn, the mayor of Marseille, Jean-Claude Gaudin, has just opened the way for a casino operation in the Mediterranean port city of more than 800,000 people, where one in four resident lives...

  • Fantasy sports sites go to lawmakers — with cash Thursday, 21 Jan 2016 | 1:24 PM ET
    The fantasy sports website DraftKings

    As the daily fantasy sports industry fights to keep operating across the United States, it's also funneling cash toward lawmakers.

  • CHICAGO, Jan 20- A U.S. judge on Wednesday opened the door to dismissing the $18 billion Caesars bankruptcy case unless parties find a way to make public results of a probe into whether the casino operator transferred its most profitable properties to new owners before filing to reorganize under Chapter 11.. Bankruptcy Judge Benjamin Goldgar said he might...

  • Mark Cuban: Markets resemble 'game of chance' Wednesday, 20 Jan 2016 | 12:59 PM ET
    Mark Cuban

    Mark Cuban contrasted stocks to the embattled daily fantasy sports industry as more officials call it illegal gambling.

  • Atlantic City mayor warns of possible bankruptcy Tuesday, 19 Jan 2016 | 7:09 PM ET
    The Atlantic City Boardwalk has seen busier days.

    Atlantic City's mayor said on Tuesday that bankruptcy was "back on the table" after Gov. Chris Christie vetoed certain legislation.