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Casinos and Gaming

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  • Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale in court. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."

  • Steve Wynn: Internet gambling bad idea     Wednesday, 1 Oct 2014 | 11:18 AM ET

    CNBC's Jane Wells speaks to Wynn Resorts chairman and CEO Steve Wynn, about Internet gambling and if it's a good bet for the gaming industry.

  • Oct 1- Brookfield Asset Management won the auction for Atlantic City's bankrupt Revel Casino Hotel with a $110 million bid, said two sources familiar with the situation. Revel Casino, which cost $2.4 billion to build, opened in 2012 and closed on Sept. 2 after filing for its second bankruptcy in June.

  • Look who just won bidding for bankrupt Revel Casino Wednesday, 1 Oct 2014 | 7:51 AM ET
    Revel Atlantic City stands behind a building being demolished in Atlantic City, New Jersey, U.S., on Thursday, July 17, 2014.

    Brookfield Asset Management has won the auction for Atlantic City's bankrupt Revel Casino Hotel, said a source familiar with the situation.

  • US scares Steve Wynn more than China     Wednesday, 1 Oct 2014 | 7:41 AM ET
    Steve Wynn, speaking in Boston, Jan. 22, 2014.

    CNBC's Jane Wells sits down with billionaire gaming king Steve Wynn to discuss the investing environment in China and why he is more concerned about polarization in America.

  • Brookfield wins auction for bankrupt Revel Casino Wednesday, 1 Oct 2014 | 7:09 AM ET

    Oct 1- Brookfield Asset Management has won the auction for Atlantic City's bankrupt Revel Casino Hotel, said a source familiar with the situation. The company bid $110 million for the casino complex, topping a $90- million bid by Florida real estate developer Glenn Straub, who did not submit a superior bid by 5.00 a.m. ET, the source said.

  • Revel auction still taking bids, did not adjourn Wednesday, 1 Oct 2014 | 12:45 AM ET

    ATLANTIC CITY, New Jersey— The bankruptcy auction of Atlantic City's former Revel Casino Hotel ground into its third day early Wednesday as lawyers for the bankrupt resort continued to weigh bids.

  • Casino mogul says experience, not gambling, is key Tuesday, 30 Sep 2014 | 8:58 PM ET

    LAS VEGAS— Steve Wynn had some advice. That's why after he recently won the opportunity to build Boston's first casino-hotel, he said he has grand plans for a property that will feature an entry akin to those in Las Vegas, but will tuck slot machines and table games away. The industry has been rattled by troubles in Atlantic City.

  • No bluff: Lifetime ban sought against poker player Tuesday, 30 Sep 2014 | 7:19 PM ET

    A US regulator said it is seeking a permanent trading ban against Daniel Shak after he violated a partial ban on certain futures dealing.

  • MGM CEO: Current visitation up in Macau     Tuesday, 30 Sep 2014 | 5:20 PM ET

    MGM Resorts Chairman and CEO Jim Murren discusses whether Hong Kong protests could negatively impact his business in Macau, and the future of the gaming and slot floor.

  • Brookfield bids for Atlantic City's Revel Casino Tuesday, 30 Sep 2014 | 2:28 PM ET
    The Revel Casino in Atlantic City on July 30, 2014.

    An affiliate of Brookfield Asset Management has topped real estate developer Glenn Straub's $90M bid for the bankrupt Revel.

  • Jackpot! Gambling's impact on the US economy Tuesday, 30 Sep 2014 | 2:05 PM ET
    Las Vegas, Nevada.

    The American Gaming Association's first report on the industry's impact on the economy found that, despite big money, gaming firms have had to adapt.

  • Meet creative mind behind slot machine games     Tuesday, 30 Sep 2014 | 1:58 PM ET

    Brad Rose designs slot machine games for WMS, part of Scientific Games. He's debuting new products at the Global Gaming Expo, and explains how he recruits college grads more used to videogames than slots.

  • Sept 30- An affiliate of Brookfield Asset Management has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.

  • Study: Gambling industry worth $240B, 1.7M jobs Tuesday, 30 Sep 2014 | 1:45 PM ET

    LAS VEGAS— U.S. casinos and the makers of the games found inside had a $240 billion economic impact and employed 1.7 million people in 2013, a study shows. The group's annual G2E Global Gaming Expo is being held this week at the Sands Expo and Convention Center in Las Vegas.

  • Gaming's impact on US economy     Tuesday, 30 Sep 2014 | 1:35 PM ET

    CNBC's Jane Wells reports on the expansion of the gaming industry in the U.S.

  • Brookfield bids for Atlantic City's Revel Casino - WSJ Tuesday, 30 Sep 2014 | 1:24 PM ET

    Sept 30- An affiliate of Brookfield Asset Management has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.

  • Vegas doubles down on different future     Tuesday, 30 Sep 2014 | 12:51 PM ET

    A new park and arena is being built as casino alternatives in Las Vegas, reports CNBC's Jane Wells.

  • Revel casino auction to resume today Tuesday, 30 Sep 2014 | 8:49 AM ET

    A bankruptcy court auction for Revel, the failed luxury casino-hotel on the Atlantic City Boardwalk, is scheduled to resume.

  • Gaming's big bet on social     Tuesday, 30 Sep 2014 | 8:31 AM ET

    CNBC's Jane Wells provides a sneak peek on how the gaming industry is changing its strategy to attract new customers into the casinos.