*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, March 1- Gambling revenue in the Chinese territory of Macau surged almost 18 percent in February, after dropping over the past three years when a prolonged anti-corruption campaign and slowing economic growth hurt business at the world's biggest casino hub. Gambling revenue rose to 23 billion patacas last month, from 19.5 billion patacas a year ago,...
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...
March may be the best month to work at Warren Buffett's Berkshire Hathaway, especially for college basketball fans.
Here are some of the key stories CNBC is following this hour.
A lucky someone in Indiana just got a whole lot richer.
The winning Powerball numbers have been drawn for the jackpot that's climbed above $400 million for the first time in nearly three months.
Ka-ching! Winning residents of some states pocket more than others.
Young Americans are showing less interest in buying lottery tickets, prompting officials to worry about the odds for future growth.
HONG KONG, Feb 1- The world's biggest casino hub of Macau posted a 3.1 percent rise in gambling revenue in January as demand in China's only legal casino hub gained further steam after a more than two-year slump bottomed out in mid-2016. Gambling revenue in January rose to 19.3 billion patacas, government data showed on Wednesday, getting a boost from a national...
Bookmakers in the U.K. and Ireland are placing bets on what could happen during President-elect Donald Trump's time in the White House.
Rodrigo Duterte announced on Thursday he would halt all online gambling in his country.
Spain's annual Christmas lottery is the world's richest sweepstakes and takes place on Thursday.
El Gordo, the world's richest sweepstakes, will total a fat $2.4 billion this year, give or take a hundred million.
"Fast Money Halftime Report" trader Jon Najarian discusses unusual options activity in MGM Resorts.
David Katz, Telsey Advisory Group managing director, weighs in on the rally in gaming stocks.
Jim Cramer spoke with MGM CEO Jim Murren who said he is still optimistic for Macau, though ATM limits will impact some revenue.
Casino stocks get slammed on reports Macau is preparing to cut the amount of money people can withdraw from their ATM machines, CNBC's Melissa Lee reports. MGM CEO James Murren shares his reaction with "Mad Money" host Jim Cramer. The "Fast Money" traders weigh in.
CNBC's Dominic Chu reports that Macau's monetary authority may curb the amount of ATM withdrawals, according to the South China Morning Post.