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Travel Casinos and Gaming

  • Wynn Macau might have disappointed with its mass-market performance, but Alex Bumazhny of Fitch Ratings says he's positive about an uptick in traffic.

  • Wynn Resorts Chairman and CEO Steve Wynn

    Wynn Resorts CEO Steve Wynn on Tuesday cautioned analysts against "short-term myopia" in defending Macau's mass market softness.

  • RENO, Nev. _ Monarch Casino& Resort Inc. on Tuesday reported second-quarter earnings of $7.2 million. Monarch Casino shares have risen 17 percent since the beginning of the year. Keywords: Monarch Casino, Earnings Report.

  • LAS VEGAS _ Wynn Resorts Ltd. on Tuesday reported second-quarter earnings of $74.9 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share. Three analysts surveyed by Zacks expected $1.45 billion.

  • Options market betting on gains in this gaming stock

    Pete Najarian is placing his bets on unusual options activity in a casino game manufacturer: Scientific Games.

  • ATLANTIC CITY, N.J.— Scott Blumstein's path to winning more than $8.1 million as the World Series of Poker champion started in the online poker rooms of New Jersey. While internet gambling has helped Atlantic City's beleaguered casino industry begin to recover, Blumstein credited his online experience with helping him win the biggest prize in poker after he...

  • Chris Christie, a close political ally of President Donald Trump, is urging him and Congress not to ban internet gambling in the United States. Christie, a fellow Republican, signed a bill Friday calling on Trump, a former Atlantic City casino owner, and Congress not to enact a nationwide ban on internet gambling. The bill passed by the New Jersey Legislature and...

  • ATLANTIC CITY, N.J.— An MGM Resorts International executive will become the next president of Atlantic City's Borgata casino. Glover joined MGM in 2015, serving as general manager and then president and chief operating office of Beau Rivage Resort& Casino in Biloxi, Mississippi. MGM and Boyd Gaming opened the Borgata in 2003, and MGM bought out Boyd's...

  • BOSTON— Massachusetts Senate President Stan Rosenberg, a chief architect of the state law that legalized casino gambling, said Wednesday he was strongly opposed to a new law that could allow casinos to serve alcohol until 4 a.m.. The 2011 casino law required that gambling establishments stop serving alcohol to patrons between the hours of 2 a.m. and 8 a.m. The...

  • SHANGHAI, July 12- China released 10 employees of Australian casino operator Crown Resorts Ltd on Wednesday, the first of 16 who were detained in October and sentenced in June for illegally promoting gambling. Nineteen employees were detained as Crown was trying to attract high-spending Chinese to its casinos outside of China, where gambling is illegal...

  • SHANGHAI, July 12- China released 10 employees of Australian casino operator Crown Resorts Ltd on Wednesday, the first of 16 who were detained in October and sentenced in June for gambling crimes. Four employees, including Australian national Jerry Xuan, emerged from a Shanghai detention facility accompanied by family members and security officials,...

  • LAS VEGAS, July 10- A lawyer representing Japanese casino tycoon Kazuo Okada in a legal battle with Wynn Resorts Ltd on Monday withdrew his representation of Okada, the latest fallout from a conflict between Okada and Japan's Universal Entertainment Corp over the use of corporate funds. David Krakoff, a lawyer at Buckley Sandler who has been representing Okada,...

  • HONG KONG, July 5- Tencent Holdings, China's largest social media and gaming company, agreed on Wednesday to feature its video content on the smart TVs of China's biggest television maker TCL Corp to expand its content dominance from mobile phones to living rooms. On June 6, it invested 300 million yuan for a 7.71 per cent stake in Coocaa, a smart TV subsidiary of TCL...

  • A croupier stands ready at a poker table in the Venetian Macao resort and casino in Macau.

    Chinese President Xi Jingping's Hong Kong trip chilled visitation to Macau and may explain a late June slowdown in the gambling mecca.

  • HONG KONG, July 1- Revenues in the world's biggest casino hub of Macau jumped nearly 30 percent in June, posting an 11- month winning streak, as demand from high-roller VIPs accelerated despite a corruption crackdown. Monthly gambling revenue in the Chinese special administrative region rose 25.9 percent to 20 billion patacas, government data showed on...

  • Macau casino

    June now ending, the gaming business in Macau appears have to have notched another big win on strength in the lucrative VIP segment.

  • NEW YORK/ TOKYO, June 27- Relatives of Japanese tycoon Kazuo Okada helped remove him as director of a Hong Kong investment company at the center of a sprawling gambling empire, according to corporate filings and people with knowledge of the matter. Three sources said it was a rift with family members over money and control of the Hong Kong company that played the...

  • SHANGHAI, June 26- A Chinese court sentenced three Australian employees of casino operator Crown Resorts Ltd to short jail terms on Monday, an Australian diplomat said, but they will have little time left to serve as the sentences run from the date of their detention last October. The embassy official said Crown's head of international VIP gambling Jason...

  • TORONTO, June 16- The same hacker targeting Canadian casinos and mining companies for extortion since 2013 is planning more attacks, researchers at cyber security company FireEye Inc said in a report on Friday. While FireEye declined to identify victims by name, the methods described in their report echoed those used in attacks on Goldcorp, the world's...

  • *Crown says 18 staff held in China over "gambling crimes". *Case referred to Baoshan District Court in Shanghai. Since Crown disclosed that 18 of its staff were being held in China for unspecified "gambling offenses," the company- 48 percent owned by billionaire James Packer- has torn up its strategy of luring Chinese high rollers to the casino hub of Macau, shifting its...