Travel Casinos and Gaming

  • CHICAGO— A federal judge has approved a plan to reorganize a subsidiary of casino giant Caesars Entertainment Corp., clearing the way for the operating unit to exit bankruptcy after filing for Chapter 11 protection with $18 billion in debt. The CEO of Las Vegas- based Caesars Entertainment heralded the approval Tuesday in federal bankruptcy court in Chicago.

  • ATLANTIC CITY, N.J.— In a story Jan. 12 about Atlantic City casino revenue, The Associated Press misspelled the name of the general manager of the Golden Nugget casino. ATLANTIC CITY, N.J.— Internet gambling helped Atlantic City's casinos post their first revenue increase in a decade. The last time Atlantic City casino revenue increased was in 2006, just as a wave of...

  • GETTYSBURG, Pa.— A Pennsylvania businessman wants to build a harness racing track and casino near Gettysburg, the site of the 1863 battle that turned the tide of the American Civil War. The proposed location on about 700 acres is just east of where U.S. Route 15 crosses the Maryland- Pennsylvania line. It's LeVan's third attempt to bring gambling to Gettysburg.

  • ATLANTIC CITY, N.J.— Internet gambling helped Atlantic City's casinos post their first revenue increase in a decade. The last time Atlantic City casino revenue increased was in 2006, just as a wave of Pennsylvania casinos began opening and drawing away Atlantic City's customers. But Matt Levinson, chairman of the New Jersey Casino Control Commission, thinks...

  • LAS VEGAS— Nevada's biggest casinos combined to turn a profit in fiscal 2016 for the first time in eight years, but it wasn't due to gambling winnings, according to an annual report by state regulators. Room rentals and fees helped resorts generate income of almost $979 million from total revenues of $25.2 billion in the year ended last June 30, the state Gaming...

  • People walk on a water front near a strip of casinos in Macau.

    A case involving Wynn Resorts and Universal Entertainment has opened a window into the workings of a U.S. overseas bribery probe.

  • ATLANTIC CITY, N.J.— Developer Glenn Straub says "abusive" red tape from state casino regulators is preventing people from investing in Atlantic City— even as he sues those regulators over how quickly they consider his plan to reopen the former Revel casino. Other Atlantic City casino owners in the same situation have been required to obtain full casino licenses,...

  • Jan 11- In April 2015, a sworn statement submitted in a Nevada lawsuit between rival casino moguls Steve Wynn and Japan's Kazuo Okada contained an unusual assertion. Its author said Wynn's head of security had asked to meet him in Japan and then persuaded him to travel to the United States to talk to federal agents pursuing a different matter: a criminal bribery...

  • Police have disrupted a racket involving the use of China UnionPay terminals that made illegal cash transactions, the SMCP reports.

  • ATLANTIC CITY, N.J.— Atlantic City's mayor is calling on billionaire investor Carl Icahn to sell the shuttered Trump Taj Mahal casino, saying his struggling city can't afford to let such a big piece of its Boardwalk lie vacant indefinitely. Before the strike by Local 54 of the Unite-HERE union, which began on July 1 and ended the day the casino closed in October,...

  • HONG KONG, Jan 1- Gambling revenue in the Chinese territory of Macau fell for a third year in a row in 2016 as a prolonged anti-corruption campaign and slowing economic growth sapped sentiment in the world's largest casino hub. "Macau gaming, now firmly at the bottom of the cycle, has better long-term prospects given investments in new supply, improvements in mass...

  • HONG KONG, Dec 30- Share sales in Asia ex- Japan are set to rebound in 2017 from three-year lows this year, driven by listings of financial firms in Greater China, including the world's biggest fintech IPO, and a further revival of offerings in India, bankers and investors said. An up to $5 billion listing from China's largest peer-to-peer lender Lufax and potential...

  • Beijing's crackdown on capital flight could be about to extend to Singapore, the SMCP reports.

  • Philippine President Rodrigo Duterte announced on Thursday he would halt all online gambling in his country.

  • MANILA, Dec 22- Philippine President Rodrigo Duterte announced on Thursday he would halt all online gambling in his country. Duterte made the comment while announcing a 2017 budget that focused heavily on populist measures. The Philippine gambling industry is one of Asia's most freewheeling, attracting many online foreign companies over the last decade to...

  • MANILA, Dec 22- Philippine President Rodrigo Duterte announced on Thursday he would halt all online gambling in his country. Duterte made the comment while announcing a 2017 budget that focused heavily on populist measures. The Philippine gambling industry is one of Asia's most freewheeling, attracting many online foreign companies over the last decade to...

  • More regional competition for Asia's casinos: Analyst

    Alex Bumazhny at Fitch Ratings weighs in on the newest casino to open in the Philippines and the gaming space in the region.

  • High-rollers are mustering up the courage to return to Macau casinos, a gaming expert told CNBC.

  • Mass market casinos doing better: Expert

    Grant Govertsen, MD at Union Gaming Group, says the winning streak for Macau's casinos is set to continue.

  • Fireworks during the official opening of the Crown Macau in May 2007.

    The gaming business in Macau depends on the condition of the Chinese economy and middle class, Melco International CEO Lawrence Ho says.