MACAU, March 12- Galaxy Entertainment Group Ltd and Melco Crown Entertainment Ltd look best placed to benefit from the next phase of Macau's development as the world's gambling capital adds eight more mega-casinos by 2017..» Read More
HONG KONG, Nov 1- Gambling revenue in the southern Chinese territory of Macau surged 31.7 percent to a record high in October year-on-year, after a week-long national holiday boosted visitation from big-spending mainland gamblers keen to punt in the country's only legal casino hub.
LOS ANGELES, Oct 31- MGM Resorts International posted a narrower third-quarter loss on Thursday and was optimistic about a planned new casino in Massachusetts, although lower-than-expected margins at its Chinese and Las Vegas operations disappointed some analysts.
How do you know the economy is coming back? High rollers are paying their gambling debts.
Oct 24- Wynn Resorts Ltd Chairman Steve Wynn said Caesars Entertainment Corp's withdrawal from a $1 billion casino venture in Massachusetts was surprising and would be discussed at his upcoming board meeting. Wynn is currently bidding for a Massachusetts license for a casino that would be located in the Boston suburb of Everett.
Oct 24- Wynn Resorts Ltd reported a 7 percent rise in quarterly revenue as gamblers flocked to its casinos in Macau. Revenue at Wynn's Macau casinos rose about 10 percent to $997.6 million in the third quarter, accounting for more than 70 percent of the company's total revenue.
Oct 21- Caesars Entertainment Inc, the latest U.S. casino operator to fall under federal scrutiny, is pulling out of a $1 billion joint venture in Boston after background checks by a local gaming regulator.
You thought you were in luck with a winning lottery ticket—but think again if you're in the nation's capital.
Borgata Hotel Casino & Spa, owned by Boyd Gaming's and MGM Resorts, said it received the first Internet gaming permit ever in New Jersey.
LOS ANGELES, Oct 9- Borgata Hotel Casino& Spa, owned by Boyd Gaming Corp's and MGM Resorts, said it received the first Internet gaming permit ever in New Jersey from the state's Division of Gaming Enforcement.
LOS ANGELES, Oct 9- Boyd Gaming Corp's Borgata Hotel Casino& Spa said it received the first Internet gaming permit ever in New Jersey from the state's Division of Gaming Enforcement. The company said it had worked closely with the division throughout the process.
HENGQIN ISLAND, China, Oct 6- It's being touted as China's answer to Orlando, a $5 billion resort and theme park complete with a mega rollercoaster and a whale shark tank situated on a sleepy southern island next to the world's biggest gambling hub Macau.
NEW YORK, Oct 4- Irish online gambling site Paddy Power has cut the odds on a U.S. debt default as gridlock in Washington this week has raised the possibility of the country failing to raise its debt ceiling. The odds offered by Paddy Power are still strongly in favor of the United States raising the debt ceiling and making good on its payment obligations.
Initial public offering experts are floating a market capitalization for Twitter of around $10 billion, but bettors on the Irish gambling site Paddy Power give the shortest odds to it closing with a market cap 50 percent to 100 percent above that.
SINGAPORE, Sept 24- Casino operators and regulators around Asia are watching Singapore's two multi-billion-dollar gaming resorts as they focus on tourists and trade shows to boost revenue in response to restrictions on gambling and a sluggish broader market.
International Game Technology has rallied 49 percent this year, and is prepared for the reopening of online gambling in New Jersey. Its CEO Patti Hart, offers insight on how money is made with online gambling.
MADRID, Sept 19- Madrid put pressure on Spain's central government on Thursday to push ahead with a mega gambling resort outside the capital after delays caused by U.S. casino operator Las Vegas Sands seeking exemption from a national smoking ban as a condition of a deal.
Sept 17- Donna Zaharevitz began gambling after a birthday visit in her late 40 s to the Mohegan Sun casino in Uncasville, Connecticut.
SAN FRANCISCO, Sept 16- Federal Reserve Vice Chair Janet Yellen surged to the top of the betting boards as the most likely pick to succeed Ben Bernanke as chairman of the Fed on Monday after former U.S. A day after Summers bowed out, Irish bookmaker Paddy Power was offering odds of 1/ 7 for Yellen.
HONG KONG, Sept 16- Hong Kong shares climbed to their highest in 17 weeks on Monday, as investors cheered Lawrence Summers' withdrawal as a candidate to head the Federal Reserve and Macau election results made its gambling sector a standout performer. The Hang Seng Index ended up 1.5 percent at 23,252.4 points, its highest since May 22.
A sports industry insider predicts which events may attract betting, based on the jump in price of a ticket’s face value to its secondary-market asking price.