HONG KONG, Aug 3- Gaming revenue in Macau fell 34.5 percent in July from the previous year, hovering around five-year lows as wealthy Chinese punters stayed away from the world's biggest gambling hub. Gambling revenue fell year-on-year to 18.6 billion patacas, according to data released by the Macau government on Monday. Macau is the only legal casino hub in...» Read More
With Las Vegas Sands scheduled to report quarterly results after Thursday's closing bell, Mike Khouw of Cantor Fitzgerald reveals an options trade on the casino operator.
On CNBC, C. Fred Bergsten, director of the Peterson Institute for International Economics, made a bold proposition. He bet a steak dinner at the WEF annual meeting 2012 if the US economy doesn't grow 4 percent this year.
Sands China reported third quarter earnings more than doubled from a year earlier on soaring gambling revenue growth in Macau and a strong performance at its casinos in Macau's Cotai Strip. The Hong Kong listed-unit of Las Vegas Sands reported net profit of US $199.15 million for the three months ended Sept. 30. Revenue rose 27% to US $1.08 billion.
Oscar Goodman is winding down his tenure as perhaps the most famous mayor in Las Vegas' history. He hopes to go out on a high note, even as the state reports the city's unemployment rate has reached a record high of 15 percent.
While gaming companies on the Strip catering to international tourists are starting to see improvement, the verdict's still out on the off-Strip properties.
This earnings season, be cautious when considering valuations placed on companies, said renown financier Bob Olstein Friday.
Greg Mercer has been a Pirates fan since was eight years old and even though he still likes the team, he spent the season betting that they’d lose every single game.
Many of the country’s largest casinos, long opposed to gambling games like poker on the Internet, are now having second thoughts.
The 5% pullback in this stock on Tuesday was “a gift,” Cramer said. Investors should take it.
Counterfeiters have created an international, multi-billion-dollar industry by making cheap imitations of designer goods and selling them for a fraction of the price.
A German economic think tank said it has a stronger record for calling soccer games and a better foundation for its picks than an octopus who became an international celebrity for picking World Cup winners.
Organized crime has been the subject of some of the greatest films ever made, from "Little Caesar" to "The Godfather" and "The Departed." How much do you know about mob movies? Take our quiz and find out.
Organized crime activities bring in a worldwide annual income of between $50 billion and $90 billion according to a 2002 FBI study. Here, we look at some of the most famous mobsters in US history.
Forget the obvious plays on the People's Republic and try these less visible ones.
Get Cramer’s favorite tech, semiconductor, retail, gaming and food trades on the Middle Kingdom.
Steve Wynn says Americans are afraid. He’s just angry. “Washington is unpredictable these days,” declares the CEO of Wynn Resorts.
After a stinging end to the season for the Cleveland Cavaliers following Thursday's playoffs elimination by the Boston Celtics, many basketball fans are speculating where the reigning back-to-back league MVP might end up for the upcoming 2010-11 season.
Casino revenues in the nation's second-largest gambling market were down less than 1 percent in April, indicating a prolonged slide may finally be leveling off.
Sen. Claire McCaskill called Goldman Sachs "the bookie" in selling synthetic CDOs. Now, real bookies are putting odds on what happens next to the Wall Street giant.
Wynn Resorts is considering moving its global headquarters from Las Vegas to Macau, said its Chairman & CEO, Steve Wynn, in an interview Wednesday with CNBC.