HONG KONG, May 27- As revenue plummets at China's only legal gambling hub, global casino operators have a new mantra- what happens in Vegas, must also happen in Macau. The latter's two new resort projects, worth $3.2 billion, open in Macau later on Wednesday. As well as the mainland's crackdown, Macau's government is forcing casino firms, also including SJM Holdings...» Read More
*VIPs avoid Macau during Beijing corruption crackdown. *60-70 percent of Macau casino revenues from high rollers. MACAU/ ZHUHAI, China, Feb 19- China's crackdown on corruption and conspicuous consumption is ever more visible in its impact on Macau, the world's biggest gambling hub, which makes most of its money from the high rollers who are staying away to avoid...
Winning tickets in Wednesday's giant Powerball jackpot were sold in North Carolina, Puerto Rico and Texas, lottery officials announced early Thursday.
WILMINGTON, Del., Feb 10- The Revel Casino Hotel in Atlantic City, New Jersey, asked a U.S. bankruptcy judge to end its agreement to sell the gambling complex to Florida developer Glenn Straub for $95.4 million, according to a Tuesday court filing. The hotel's legal team also asked Judge Gloria Burns in Camden, New Jersey, for permission to keep Straub's $10 million...
Lottery officials say no jackpot winner was selected in the latest $380 million Powerball drawing.
HONG KONG, Feb 9- Leading China's anti-corruption campaign, President Xi Jinping warned Macau last December that the world's biggest gambling hub needs to be about more than baccarat. "When you hear the central government and the Macau government urged operators to diversify the attractions of their facilities... they are preaching to the choir.
BEIJING, Feb 6- China will fight attempts by foreign casinos to lure its citizens abroad, a senior police official said on Friday, which could deal a blow to the gaming firms in Macau and Asian countries that rely on these punters for most of their revenue. Chinese, among the world's most prolific gamblers, often travel to the Chinese territory of Macau, South Korea,...
SYDNEY, Feb 4- Record bets by Asian high rollers helped Echo Entertainment Group Ltd lift first-half net profit to a three-year high, but the Australian casino firm said the surge was tempered by the amount it paid to the junkets behind these VIP gamblers. Echo on Wednesday said turnover from VIP gamblers at its Australia casinos nearly doubled to an all-time...
Ahead of the Super Bowl, Sportsbook announced it had suspended prop bets related to the national anthem because of suspected "insider info."
According to one model, you're better off taking the Seattle Seahawks over the New England Patriots.
Insight into the business of sports betting, with John Avello, Wynn Sports Book Executive Director.
Singapore's casinos haven't lived up to the hype, but Marina Bay Sands results suggest those writing off growth may need to write it back in.
Bettors will be trying to cash in on hundreds of weird bets tied to the Super Bowl. Did someone mention a Punxsutawney Phil?
Gov. Chris Christie's emergency management team for Atlantic City includes Detroit's former overseer, Kevyn Orr.
"It's an absolutely remarkable result for a year that saw so much tumult in the gaming market," said Israel Posner, executive director of the Lloyd D. Levenson Institute of Gaming Hospitality and Tourism at Stockton College. Four casinos in Atlantic City closed in 2014. A fifth, Trump Entertainment's Taj Mahal, narrowly averted closing and remains in bankruptcy.
Jan 8- Atlantic City has endorsed steep budget cuts but rejected the idea of a state-appointed emergency manager as part of the struggling New Jersey gambling hub's recovery plan. Atlantic City has seen its municipal finances decline with the fortunes of its local casino industry, which has suffered steep losses from competing casinos in nearby states.
Alex Bumazhny, Director of Gaming, Lodging & Leisure AT Fitch Ratings, explains why he's taking the news that the casino operator plans to delist in Hong Kong at "face value."
Classic con-artist routines, namely three-card monte and the shell game, apparently made a return to New York City streets for the holidays.
WILMINGTON, Del., Dec 22- The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday. Atlantic City's fortunes have faded as competition from Pennsylvania and other neighboring...
The Oneida Indian Nation plans to open a $20 million casino with a "Wizard of Oz" theme in the village where author L. Frank Baum was born.
Dec 18- Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast. The Taj, owned by bankrupt Trump Entertainment Resorts Inc., is slated to close on Saturday.