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Casinos and Gaming

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  • *Governor supports casino plan; Tokyo officials yet to voice support. OSAKA, Japan, April 15- The Japanese city of Osaka plans to invite operators to build a casino on a plot of reclaimed land on Osaka Bay, its governor told Reuters, pipping Tokyo in the race to attract global gaming firms to set up the country's first gambling resort.

  • SAN FRANCISCO, April 10- Zynga Inc appointed former Best Buy executive David Lee its chief financial officer as Zynga continued reshuffling its ranks to try to return the "Farmville" creator to growth. Zynga has sought to revive its business by overhauling top management, trimming staff and introducing titles that can be played on smartphones and tablets.

  • SAN FRANCISCO, April 10- Zynga Inc has appointed former Best Buy executive David Lee its chief financial officer as Zynga continues reshuffling its ranks to try to return the "Farmville" creator to growth. Zynga has sought to revive its business by overhauling top management, trimming staff and introducing titles that can be played on smartphones and tablets.

  • April 9- Social networking site Wikia announced on Wednesday a new effort to attract more brands to its platform with the creation of Fan Studio. As part of the launch, gaming company Carbine Studios is using Wikia to roll out one of its forthcoming multi-player online games, called WildStar, for a large number of players.

  • April 9- Social networking site Wikia announced on Wednesday a new effort to attract more brands to its platform with the creation of Fan Studio. As part of the launch, gaming company Carbine Studios is using Wikia to roll out one of its forthcoming multi-player online games, called WildStar, for a large number of players.

  • Union: Revel casino worth $25M to $73M Wednesday, 9 Apr 2014 | 10:42 AM ET

    ATLANTIC CITY, N.J.— Atlantic City's main casino workers' union says Revel Casino Hotel is worth between $25 million and $73 million. The casino, which is seeking a buyer, cost $2.4 billion to build. "We want potential buyers to fully understand Revel's financial position," said Ben Begleiter, a research analyst for the union.

  • SHANGHAI, April 9- Hong Kong shares ended at its highest in 11 weeks on Wednesday, as a rebound in casino shares and index-heavyweight Tencent pushed the index to its best close since end-January.

  • SHANGHAI, April 9- Hong Kong shares extended gains from the previous day on increases in Tencent and casino shares as well as modest rises in mainland banking stocks, sending the Hang Seng Index to its highest intraday level since February. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.4 percent.

  • S&P lowers rating on Caesars Entertainment Tuesday, 8 Apr 2014 | 2:22 PM ET

    NEW YORK— Standard& Poor's Ratings Services on Tuesday lowered its rating for Caesars Entertainment Corp. and said that it is more likely that the casino operator will need to undergo a restructuring. The Las Vegas- based company, which runs the Caesars, Harrah's, and Horseshoe brands, has struggled since the recession, and has not posted a profit since 2009..

  • After scandal, poker tourney gets high-tech chips Tuesday, 8 Apr 2014 | 12:21 PM ET

    ATLANTIC CITY, N.J.— A cheating scandal at a casino poker tournament has led to new security measures, including chips that are more intricate, have more colors and include an authentication element that can be checked under ultraviolet light.

  • Pent-up winter demand to boost travel spending Tuesday, 8 Apr 2014 | 12:01 AM ET

    After more than 100,000 flights were canceled this winter, business travelers are returning to the road.

  • HONG KONG, April 7- Hong Kong shares ended lower on Monday, pulled down by index heavyweight Tencent as the Internet firm tracked a slide in tech stocks on Wall Street, while casino operators also fell. Shares in Chinese Internet company Tencent slipped 4.5 percent to its lowest close since Jan. 27, while software firm Kingsoft fell 6.2 percent.

  • MACAU, April 7- As the world's gambling capital Macau races to open more than 17,000 new hotel rooms over the next three years to keep pace with a flood of Chinese visitors, only about 4,000 affordable homes for locals are expected to be built in the same period.

  • HONG KONG, April 1- Macau, the world's casino capital, raked in $4.4 billion in gambling revenues in March, boosted by robust demand from Chinese visitors keen to bet in the country's only legal casino hub. Growth in Macau, a special administrative region like neighbouring Hong Kong, was up 13 percent in March, at the top end of analyst estimates of 10-13 percent.

  • Macau gambling revenue up 13 percent in March Tuesday, 1 Apr 2014 | 2:53 AM ET

    HONG KONG, April 1- Macau, the world's casino capital, raked in 35.5 billion patacas in gambling revenues in March, boosted by robust demand from Chinese visitors keen to bet in the country's only legal casino hub.

  • *Tencent jumps on bargain hunting after recent slide. SHANGHAI, April 1- Hong Kong shares jumped to their highest level in more than three weeks on Tuesday as casino operators continued their roll and investors snapped up beaten down shares of index heavyweight Tencent. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.1 percent.

  • Highlighting value with investor activism     Monday, 31 Mar 2014 | 10:21 AM ET

    Discussing investor activism and his big bet on Las Vegas Sands, is Jonathan Litt, Land and Buildings founder & CIO.

  • SHANGHAI, March 31- Hong Kong shares finished up 0.4 percent on Monday as casino operators gained ahead of the release of monthly Macau gambling revenue data, while China Construction Bank climbed on forecast-beating results. The Hang Seng Index closed at 22,151.06 points.

  • Lawrence Ho, Co-Chairman & CEO at Melco Crown, describes his optimism over Chinese reforms and refutes claims that gambling in Macau has declined due to Beijing's clampdown on corruption.

  • Gaming stocks still pretty healthy: Analyst     Thursday, 27 Mar 2014 | 3:29 PM ET

    Discussing the selloff in gambling stocks and new efforts by Congress to ban online gaming, with Joel Simkins, Credit Suisse gaming, lodging, and leisure analyst.

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