NEW YORK, May 14- Works by Andy Warhol, Gerhard Richter and Jeff Koons each sold for more than $25 million on Wednesday, helping drive Sotheby's $364 million sale of contemporary art, which the auction house said was among its highest totals ever.
TOKYO, May 7- A lawyer for Japan's Universal Entertainment Corp offered to pay a former Universal employee if he retracted a claim that the company had given bribes to advance a Philippine casino project and stopped cooperating with investigators, according to a copy of the proposal seen by Reuters.
LAS VEGAS, May 2- A Nevada state judge ruled on Friday that a civil lawsuit between Wynn Resorts and Japanese billionaire Kazuo Okada could proceed, rejecting the U.S. government's request to keep it on hold for another six months to protect the identity of witnesses in a criminal probe into Okada's business in the Philippines.
HONG KONG, May 2- Macau, the world's casino capital, raked in 31.3 billion patacas in gambling revenue in April thanks to strong spending by Chinese visitors keen to place their bets in the country's only legal casino hub.
"Companies are really digging in on identifying what areas it makes sense to focus their benefits programs," said Robert Newbury, director at pay consulting firm Towers Watson.
HONG KONG, April 1- Macau, the world's casino capital, raked in $4.4 billion in gambling revenues in March, boosted by robust demand from Chinese visitors keen to bet in the country's only legal casino hub. Growth in Macau, a special administrative region like neighbouring Hong Kong, was up 13 percent in March, at the top end of analyst estimates of 10-13 percent.
MACAU, Feb 14- Macau gambling kingpin Stanley Ho helped put the former Portuguese colony on the map 40 years ago with the fluorescent, onion-shaped Casino Lisboa. Now, the pioneer of old Macau is creating a new landmark- a $3.9 billion resort that will be one of the final projects to open on China's booming Las Vegas-style Cotai strip.
HONG KONG, Feb 5- Gaming revenues in Macau, the world's casino capital, grew at the slowest pace in 15 months in January, raking in a lower-than-expected 28.7 billion patacas, due to tempered spending by Chinese visitors ahead of a national holiday.
The billionaire ex-wife of a U.S. casino magnate bought the world's most expensive painting sold at an auction, the Wall Street Journal reported.
Traders Jon Najarian and Josh Brown debate Wynn Resorts. Doctor J says VIP's will continue to flock to the casino. Brown thinks Wynn is overvalued and it's the wrong time to buy.
A few companies appear likely to dole out payments before year end, the CNBC “Fast Money” pros said Tuesday.
ZURICH/ LONDON, Oct 28- A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their collections.
HONG KONG-- Casino operator SJM Holdings says it has signed a deal to buy land for a new casino in Macau, the world's biggest gambling market, giving it a chance to catch up with its rivals' rapid expansion. The company operates 20 casinos already in Macau but most are small.
LAS VEGAS-- A Japanese billionaire has dropped his campaign to win seats for his allies on the board of Wynn Resorts Ltd., ending a chapter in a feud with casino mogul CEO Steve Wynn. It was a legal setback for Okada, a former Wynn friend and business partner, who once was Wynn Resorts' single largest shareholder.
HONG KONG-- The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world's biggest gambling market, hoping to catch up with the rapid expansion of rival casino operators.
MGM China Holdings Ltd. said it formally accepted a land concession contract from the Macau government for a 7.2 hectare plot in the Cotai district, an area of reclaimed land that's earmarked for all new casinos in the Asian gambling haven. MGM China said it is paying $161.4 million for the land, including a $56.2 million down payment.
Donald Trump, Chairman & President of the Trump Organization, weighs in on tonight's presidential debate; JNJ's earnings; and Apple's stock price.
Steve Wynn, chairman & CEO at Wynn Resorts, says it take a lot of courage and uncertainty to build a business now. Ron Baron, Baron Capital chairman and CEO, weighs in.
HONG KONG, Oct 4- Gambling revenue in Macau rose a weaker-than-expected 12.3 percent in September, indicating China's slowing economy is increasingly hurting the appetite of wealthy mainland gamblers to place bets in the world's largest casino market.
Jonathan Galaviz, MD & Chief Economist, Galaviz & Company discusses the Nevada court ruling against Kazuo Okada's appeal to reverse Wynn Resorts' share buyback.