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Las Vegas Sands has lost its breach-of-contract lawsuit against Taiwan businessman Richard Suen, reports CNBC's Tyler Mathisen.
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ALBANY, N.Y.-- Senate Republican leader Dean Skelos confirmed a proposal to bring video slot machines to Long Island as part of negotiations to expand casinos. Andrew Cuomo and legislative leaders, Skelos said the discussion included video slot machines run by off-track betting agencies in Nassau and Suffolk counties.
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Another day, another domination for Taylor Swift: She was the red hot winner at the Billboard Music Awards. Swift won eight of 11 awards, including top artist and top Billboard 200 album for "Red."
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May 17- New Jersey announced another step on Friday that will bring it closer to launching online gambling, with plans to publish proposed regulations for Internet wagering on June 3.
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LAS VEGAS-- Nevada regulators have approved Pinnacle Entertainment Inc.' s buyout of rival Ameristar Casinos Inc.. Pinnacle Entertainment Inc. has said the acquisition would save it at least $40 million a year and boost earnings. Ameristar's holdings include casinos in Missouri, Iowa, Colorado, Mississippi, Indiana and Nevada.
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ALBANY, N.Y.-- The Oneida Indians on Thursday signed a deal with Gov. Andrew Cuomo's administration and local governments that would guarantee them exclusive territory for their central New York casino in exchange for revenue payments to the state of around $50 million annually.
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May 14- Billionaire investor Daniel Loeb likely faces an uphill battle to convince Sony Corp to embrace his proposal to spin off its entertainment arm, but he likely already holds a winning hand in his bet on the Japanese electronics giant. Loeb and investors in his hedge fund Third Point Offshore are already reaping the benefits of a well-timed move into Japan.
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Las Vegas Sands has lost its breach-of-contract lawsuit against Taiwan businessman Richard Suen, reports CNBC's Tyler Mathisen.
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NEW YORK/ WASHINGTON, May 12- When David Pendery, a corporate public relations specialist, decided to move his family from Colorado to Illinois this year for work, his biggest worry was whether he would be able to sell his home quickly. It took just three days.
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LAS VEGAS, May 10- In Las Vegas this week, hedge fund investors rubbed shoulders with big-name managers, Hollywood heavies and political swells against a Bellagio hotel backdrop of glitz and gambling.
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JERUSALEM, May 10- He was once celebrated for his vast fortune and daring deals, but when Israeli tycoon Nochi Dankner was about to catch a break from the bank on his massive debts, public outrage kicked in.
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NEW YORK, May 9- Three long-time favorites of the short-selling crowd are making those investors eat crow, as Tesla, Barnes& Noble and Green Mountain Coffee are racking up big gains, making an already painful year for contrarian investors even worse. Barnes& Noble shares rose 24 percent on reports of a possible acquisition of some of its assets by Microsoft.
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CNBC's David Faber provides a preview of this year's SkyBridge Alternatives Conference.
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NEW YORK, May 7- Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year's gold rout, further tarnishing his once legendary status in the $2 trillion hedge fund industry. Assets under management at his Paulson& Co firm have dropped to $18 billion, down from $38 billion in early 2011, due to investor redemptions and poor performance.
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NEW YORK, May 7- Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year's gold rout, further tarnishing his once legendary status in the $2 trillion hedge fund industry. Assets under management at his Paulson& Co firm have dropped to $18 billion, down from $38 billion in early 2011, due to investor redemptions and poor performance.
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NEW YORK, May 7- Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year's gold rout, further tarnishing his once legendary status in the $2 trillion hedge fund industry. Assets under management at his Paulson& Co firm have dropped to $18 billion, down from $38 billion in early 2011, due to investor redemptions and poor performance.
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Google’s wearable computer will not go on sale for many months, but there is already resistance, the NYT reports.
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"We believe Apple is about to change the narrative and get investors, analysts, customers and the media finally talking about new products again- starting with a software/services/Mac event on June 10th and a likely iPhone/iPad event in September," analysts led by Ben Reitzes said in a note to clients. **MBIA INC, $14.10, up 43.4 pct** BANK OF AMERICA CORP, $12.74, up 4 pct.
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Loeb's Third Point Offshore fund was helped by bets on Yahoo Inc. and Greek government bonds in April, according to the note. Other winning trades included a Japan macro position, insurance company American International Group and Japan Tobacco.
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HONG KONG, May 6- Macau casino operator SJM Holdings Ltd, controlled by the family of gambling tycoon Stanley Ho, posted a 12 percent year-on-year increase in first-quarter net profit, buoyed by strong interest from cash-rich Chinese gamblers. Macau, a former Portuguese colony, is the only place in China where citizens can legally gamble in casinos.
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NEW YORK, May 2- Nearly three-quarters of Americans are planning to take a summer break and many will be heading to the beach, which is the most popular vacation getaway, according to a report released on Thursday by online travel company Orbitz.