Casinos and Gaming


  • Caesars says it will consider offers for Showboat Tuesday, 8 Jul 2014 | 2:56 PM ET

    ATLANTIC CITY, N.J.— The parent company of the Showboat Casino Hotel said Tuesday it would consider selling the property to another casino operator if it made a reasonable offer and could be licensed.

  • Legalizing pot: Time to put on that poker face Tuesday, 8 Jul 2014 | 10:56 AM ET

    When it comes to legalizing marijuana, states should learn their lesson from the casinos, says Jake Novak.

  • Hong Kong shares end flat, casinos renew slide Tuesday, 8 Jul 2014 | 4:12 AM ET

    HONG KONG, July 8- Hong Kong shares finished flat on Tuesday, as gains in utilities offset losses in Macau casino stocks on concerns that revenues would suffer as gamblers focused on the final week of the World Cup. Among Macau gaming stocks, Galaxy Entertainment Group shed 2.7 percent and Wynn Macau 1.4 percent.

  • Hong Kong shares also edged lower, with the Macau gaming sector extending losses as revenue remained sluggish during the first week of July. The China Enterprises Index of the top Chinese listings in Hong Kong was flat.

  • Pot about to pop?     Monday, 7 Jul 2014 | 2:13 PM ET

    CNBC's Jane Wells reports 23 states in the U.S. have some form of legal medical marijuana. CNBC's Morgan Brennan discusses how gambling and the legalization of pot may collide.

  • Doubling down on Atlantic City     Monday, 7 Jul 2014 | 2:12 PM ET

    CNBC's Morgan Brennan reports Atlantic City's gaming revenue is down 15 percent since 2006.

  • Boardwalk blues in Atlantic City     Monday, 7 Jul 2014 | 1:35 PM ET

    Atlantic City has fallen on tough times as gaming revenues have plunged and several casinos could be closing by end of summer, reports CNBC's Morgan Brennan.

  • Atlantic City's boardwalk blues     Monday, 7 Jul 2014 | 6:22 AM ET
    Caesar's Palace in Atlantic City.

    CNBC's Morgan Brennan reports on Atlantic City's 5-year revitalization plan as gaming revenues drop 45% since 2006.

  • *Chongqing Iron& Steel falls after it clarifies Posco partnership. HONG KONG, July 7- Hong Kong shares fell on Monday with Macau casinos under selling pressure after last week's strong rebound, while China markets were also weaker as investors await major economic data later this week.

  • Impact of casino repeal on tribal plans uncertain Friday, 4 Jul 2014 | 9:00 AM ET

    The Mashpee Wampanoags want to build a $500 million resort casino in an industrial park in Taunton, a city 37 miles south of Boston, assuming it gets federal approval to take the land into trust.

  • World cup fever zaps Macau gambling revenue Tuesday, 1 Jul 2014 | 11:15 PM ET
    A croupier stands at a poker table inside the Venetian Macao resort and casino, operated by Sands China Ltd., in Macau, China.

    Gambling revenue in Macau fell 3.7 percent, the first drop in over four years, with analysts saying the World Cup had diverted gamblers away.

  • A look at the 17 casino proposals for upstate NY Tuesday, 1 Jul 2014 | 3:21 PM ET

    ALBANY, N.Y.— New York state has authorized up to four casino licenses to be divided among three regions: the Albany- Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid- Hudson River Valley. Caesars New York in Woodbury, Orange County. Sterling Forest Resort in Tuxedo, Orange County.

  • Review of NY casino applications begins Tuesday, 1 Jul 2014 | 2:56 PM ET

    ALBANY, N.Y.— New York state officials began sifting through 17 competing casino proposals Tuesday, the start of a long evaluation process expected to last until the fall. Development teams submitted 17 applications for an upstate casino license before the state's deadline for proposals on Monday.

  • July 1- Twitter Inc named Anthony Noto as CFO, putting the well-regarded former Goldman Sachs executive who led its successful November IPO in charge of finances. Twitter shares rose as much as 4.8 percent after the messaging service announced its latest upper-management shake-up.

  • Christopher Jones, MD & Senior Gaming & Lodging Analyst, Telsey Advisory Group, says Macau's gaming sector will face downside pressure in the near term but the "noise" will start to clear by 2015.

  • *Alibaba the king of online retail on personal computers in China. *Alibaba headed for big IPO in New York this year. BEIJING, July 1- Chinese e-commerce giant Alibaba Group Holding Ltd may have dominated online retail on personal computers, but is some way from replicating that leadership in shopping by smartphone and other mobile devices.

  • Casino revenues included in $36B state budget Monday, 30 Jun 2014 | 12:49 PM ET

    A $36.5 billion House-Senate compromise budget reached over the weekend includes about $53 million in casino-related revenue and $20 million in slot revenue.

  • Deadline arrives for New York casino applications Monday, 30 Jun 2014 | 3:01 AM ET

    Contenders for one of up to four upstate casino licenses include local investors and international gambling companies such as Caesars Entertainment, Hard Rock International and the Genting Group.

  • Atlantic City casino shutdown needed, analysts say Sunday, 29 Jun 2014 | 10:33 AM ET

    ATLANTIC CITY, N.J.— Atlantic City started the year with 12 casinos. But there's nothing theoretical about what's happening in Atlantic City now.

  • Penn National abandons Philly casino proposal Friday, 27 Jun 2014 | 6:48 PM ET

    PHILADELPHIA— Penn National Gaming Inc. has abandoned its bid to build a $480 million casino in south Philadelphia, leaving four applicants still in the running for the city's second casino license.