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Out of respect for its fans, the Sacramento Kings agreed to stay one more year instead of relocating to Anaheim, Joe Maloof, president of Maloof Companies, which include the Sacramento Kings and The Palms Casino Resort in Las Vegas, told CNBC Wednesday.
An inside look at the Maloof brothers' empire, which includes the popular Palms casino in Las Vegas and the NBA's Sacramento Kings, with Joe Maloof, Maloof Companies president.
The "Mad Money" host reveals what earnings he plans to monitor in the days to come.
Deutsche Bank, the owner of the most expensive casino ever built in Las Vegas was planning its exit from a $4 billion investment in the Cosmopolitan of Las Vegas even before it opened in December. The NYT reports.
As the Maloof brothers contemplate moving the Kings franchise out of Sacramento and into Anaheim, would they be better off considering other cities as possible NBA destinations?
Gary Loveman, chairman & CEO of the world's biggest gaming company, Caesars, on why his casino empire must expand into Asia's gambling mecca, Macau.
Is the internet opening up to legalized gambling? Nevada legislators cleared the way to regulate online poker. Gary Loveman, Caesars Entertainment chairman & CEO weighs in.
Despite concerns about the European debt crisis, the euro remains strong. Rebecca Patterson of J. P. Morgan Private Bank explains why.