GO
Loading...

Casinos and Gaming

More

  • Atlantic City gets 60-day extension of state loan Monday, 30 Mar 2015 | 2:11 PM ET
    Atlantic City

    Atlantic City, New Jersey's struggling gambling hub, will get a 60-day extension of a $40 million state loan that was due Tuesday.

  • Vegas casinos back to cashing in: Caesars CEO Sunday, 29 Mar 2015 | 11:00 AM ET
    Caesars Entertainment Corp.'s Caesars Palace casino stands in Las Vegas, Nevada.

    Las Vegas was hit hard by the recession, but things are looking up for the city's casinos, Caesars CEO Gary Loveman said to CNBC.

  • ATLANTIC CITY, N.J.— A package of bills to help Atlantic City and its struggling casino industry is being delayed by a standoff between its sponsors and Gov. Christie wants the state Legislature to approve and send him a package of bills aimed at turning around Atlantic City's struggling fortunes, a spokesman for the governor told The Associated Press on Friday.

  • Las Vegas casino industry on the mend: Caesars CEO   Friday, 27 Mar 2015 | 11:51 AM ET
    Las Vegas casino industry on the mend: Caesars CEO

    It's been a tough few years for casino operators in Las Vegas, but Caesars CEO Gary Loveman said things are getting better.

  • TALLAHASSEE, Fla., March 26- A bill to create two casino gambling "destination resorts" in south Florida divided the Republican-controlled statehouse on Thursday, with the expansion of craps, slot machines and high-stakes gaming opposed by family-oriented tourist attractions. Proponents argue that Florida is losing billions in tourism revenue to Caribbean...

  • Nevada casino regulators scold Caesars for bankruptcy Thursday, 26 Mar 2015 | 6:02 PM ET

    LAS VEGAS— Nevada gambling regulators called the bankruptcy of Caesars Entertainment Corp.' s debt-heavy subsidiary an embarrassment and lamented the company's inability to pay 63 former executives some $33 million in promised pension payments. The Nevada Gaming Commission pressed Caesars executives Thursday about the company's overall bankruptcy...

  • FUNDVIEW-Pre-IPO tech fund returns 28 pct in first year Thursday, 26 Mar 2015 | 4:14 PM ET

    March 26- The first mutual fund giving mom-and-pop investors easy access to the private market for tech startups turned a year old this week, capping a year of big gains and raising the question for would-be buyers: Is this a good deal or a danger? For $2,500, anyone can buy into the $32 million SharesPost 100 Fund, and get a portfolio of roughly 20 tech companies three...

  • March 26- Zynga Inc must face a lawsuit that accuses the gaming company known for its "FarmVille" game of defrauding shareholders about its prospects before and after its December 2011 initial public offering. District Judge Jeffrey White in San Francisco said on Wednesday that shareholders could pursue claims that Zynga concealed declining user activity,...

  • NCAA Sweet 16: This team will get you 80x your bet Thursday, 26 Mar 2015 | 11:40 AM ET
    Tony Parker of the UCLA Bruins drives to the basket against the UAB Blazers during the third round of the 2015 NCAA Men's Basketball Tournament on March 21, 2015 in Louisville, Kentucky.

    According to data from SportsBookReview.com, Kentucky has 1-1 odds of winning the tournament. This team gets 80 to 1.

  • Zynga must face lawsuit alleging fraud tied to IPO Thursday, 26 Mar 2015 | 10:47 AM ET

    March 26- Zynga Inc must face a lawsuit accusing the online gaming company known for "FarmVille" of defrauding shareholders about its prospects before and after its December 2011 initial public offering. District Judge Jeffrey White in San Francisco on Wednesday said shareholders could pursue claims that Zynga concealed declining user activity, masked how...

  • HONG KONG, March 26- One of Macau's top casino junket operators, a Vietnamese investment group and Hong Kong property-to-jewelry conglomerate Chow Tai Fook Enterprises will team up to develop a $4 billion casino resort in Vietnam, companies involved in the project said. Macau's Suncity confirmed its involvement in the project while VinaCapital confirmed...

  • LAS VEGAS— When a $415 million casino-hotel needed its immigration visa applications sped through for foreign investors in order to keep the business deal alive, Nevada Sen. Harry Reid leaned on the director of the agency overseeing the visa program to make it happen, according to a Homeland Security inspector general's report released Wednesday.

  • Wynn's ex-wife fights to win casino board re-election Wednesday, 25 Mar 2015 | 9:40 AM ET
    Elaine P. Wynn became a billionaire with her stake in Wynn Resorts.

    The Wynn company says Elaine P. Wynn should be rejected because she is "self-serving" and "ineffective", reports the New York Times.

  • ATLANTIC CITY, N.J.— Two emergency managers appointed by New Jersey Gov. Chris Christie to turn around Atlantic City's troubled finances recommend layoffs and deep spending cuts, but don't foresee a bankruptcy filing for the struggling casino resort. Kevin Lavin, a corporate turnaround expert, and Kevyn Orr, who shepherded Detroit through its municipal...

  • Indictment: Consultant ran scam, used money at casinos Tuesday, 24 Mar 2015 | 12:04 PM ET

    TRENTON, N.J.— A Jersey City financial consultant has been indicted on numerous counts stemming from the theft of more than $500,000 of investors' money, according to an indictment made public Tuesday. The agency also issued a $2 million fine against him and his Red Bank- based firm, White Cedar Group. Between October 2012 and April 2014, Kochav stole $561,745 that he...

  • SPRINGFIELD, Mass.— With confetti and fanfare, MGM officially broke ground Tuesday on an $800 million casino in western Massachusetts that represents the largest economic development project the region has seen in generations. MGM seeks to become Massachusetts' first resort casino as rivals in Connecticut and the Boston area are also trying to open casinos.

  • ATLANTIC CITY, N.J.— Trump Entertainment Resorts has been fined for not notifying the state about a patron who was assaulted at one of its casinos and has to hand over more than $2,600 won by underage gamblers. The company is forfeiting $2,648 that Trump Plaza won by gamblers later found to be underage. Trump Plaza closed Sept. 16, 2014.

  • Tioga Downs, a harness racing track and electronic gambling facility in Nichols, is the only group that has announced plans to bid for the license. The board instead endorsed casino projects in the Catskills, the Finger Lakes and Schenectady. A proposal for a casino in the city of Binghamton is another possibility, according to Binghamton Mayor Richard C. David,...

  • HARTFORD, Conn.— For the leaders of two Connecticut tribes proposing to build new casinos together, some of the toughest crowds to win over have been their own tribes, business rivals with a history of conflict that dates to a massacre nearly 400 years ago. Building the alliance with the Mashantucket Pequot Tribal Nation has reminded Mohegan Tribe Chairman Kevin...

  • Slot machine gambling down at Maine's 2 casinos Friday, 20 Mar 2015 | 6:01 AM ET

    OXFORD, Maine— Slot machine gambling was down $15 million at the Oxford Casino in 2014 while the Hollywood Casino in Bangor saw a $10 million drop, but the state's top gambling regulator says he's not surprised and both casinos are making money. Figures from the Maine Gambling Control Board's annual report show players wagered $662 million at Oxford and $459.6...