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Travel Casinos and Gaming

  • LAS VEGAS _ Wynn Resorts Ltd. on Tuesday reported first-quarter profit of $100.8 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. Four analysts surveyed by Zacks expected $1.34 billion.

  • BEIJING _ Changyou.com Ltd. on Monday reported first-quarter profit of $29.9 million. For the current quarter ending in July, Changyou.Com expects its per-share earnings to range from 46 cents to 56 cents. Changyou.Com shares have climbed 44 percent since the beginning of the year.

  • Grant Govertsen of Union Gaming Group explains why the country's new casino will face tough times ahead.

  • ATLANTIC CITY, N.J.— There's no longer much of a debate about it: Internet gambling is helping to save Atlantic City's casinos. New Jersey's online gambling market had its best month ever in March, registering an increase of more than 40 percent from a year ago as it helped Atlantic City's casinos boost their gambling revenue by more than 9 percent.

  • New Hard Rock Hotel to give Atlantic City a fresh start

    Jim Allen, Hard Rock International chairman; Jack Morris, Edgewood Properties CEO, and Joe Jingoli, Joseph Jingoli & Son CEO, talk about plans to turnaround the hotel and gaming business in New Jersey's Atlantic City.

  • Cash strapped and desperate for revenue, the lush, mountainous island of Saipan, part of the Northern Mariana Islands and controlled by the United States since the end of World War Two, approved a casino in 2014, after which Chinese investment has skyrocketed. In a complaint made by the FBI to the Northern Mariana Islands District Court on Monday, Lu Hui, president...

  • CNBC Mad Money Lightning Round

    Jim Cramer sped through his take on caller favorite stocks, including this casino operator.

  • LONDON, March 31- Central bankers can learn from the computer gaming industry as they try to communicate with a public that often has little idea what they do, the Bank of England's chief economist Andy Haldane said. Federal Reserve or the Bank of England, Haldane said in a speech on Friday. "Given the policy weight these days being placed on central banks' shoulders,...

  • *SBM's Monaco state backers keen on Japan- Galaxy president. TOKYO, March 29- Macau casino operator Galaxy Entertainment Group Ltd on Wednesday said it has partnered Societe des Bains de Mer, hoping the Monaco peer will help it trump rivals to win a license in Japan's nascent gambling market. "All of the entities of Monaco and the principality... are very enthusiastic...

  • *SBM's Monaco state backers keen on Japan- Galaxy president. TOKYO, March 29- Macau casino operator Galaxy Entertainment Group Ltd on Wednesday said it has partnered Societe des Bains de Mer, hoping the Monaco peer will help it trump rivals to win a license in Japan's nascent gambling market. "All of the entities of Monaco and the principality... are very enthusiastic...

  • MACAU, March 29- Overseas visitors are an increasingly common sight in Chinas gambling territory of Macau which is trying to diversify an economic model that has depended on mainland high rollers for more than a decade. Now the government has hearkened calls to reposition Macau as a tourism destination, with the number of international visitors growing 8...

  • One of two listed casino operators in South Africa, Sun International has been hit by sluggish economic growth in its home market. It is scheduled to open its second-largest casino and entertainment complex there, the 4.2 billion rand Time Square project in Pretoria, next month. The owner of Sun City resort and the Sibaya Casino in South Africa said the slowing...

  • Carl Icahn sells the shuttered Trump Taj Mahal casino.

  • A sign marks the Trump Taj Mahal Hotel and Casino in Atlantic City, New Jersey.

    Billionaire Carl Icahn is selling the shuttered Trump Taj Mahal casino in Atlantic City to Hard Rock International and two New Jersey investors.

  • Las Vegas Sands Corp, The Venetian.

    Casino operators globally are eyeing entry into Japan, but one analyst said Japanese lawmakers may adopt Singapore's methods in limiting gambling.

  • Macau's casino industry turns the corner

    Alex Bumazhny of Fitch Ratings says a change in strategy and the improvement in macroeconomic conditions have contributed to Macau's gaming sector recovery.

  • Macau casino

    Macau's gambling revenue rose for a seventh month and hit a two-year high in February, giving a boost to casino stocks Wednesday.

  • *Macau revenues showing sustained uptick, up 18 pct in Feb. HONG KONG, March 1- Macau's gambling revenue rose for a seventh month and hit a two-year high in February, in the strongest signal yet the casino hub was firmly on its path to recovery from a slump triggered by China's anti-corruption campaign and slow economic growth. In February, Macau raked in a revenue of...

  • *Macau revenues showing sustained uptick, up 18 pct in Feb. HONG KONG, March 1- Gambling revenue in the Chinese territory of Macau hit a two-year high in February, recovering steadily from a prolonged anti-corruption drive and slowing economic growth that dragged on the world's biggest casino hub over the past three years. In February, Macau raked in a revenue of 23...

  • HONG KONG, Feb 28- Macau casino operator Galaxy Entertainment Group posted a better-than-expected 51 percent rise 2016 net profit, thanks to a recovery in the world's biggest gambling hub, and forecast double-digit gaming revenue growth for this year. Galaxy, one of six listed casino operators in the Chinese territory of Macau, had been hit by sagging demand...