Consumer Credit Rose by $18.14 Billion in February; January Revised to Show Smaller Jump Than Previously Expected
Casinos and Gaming
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Casino magnate Sheldon Adelson is back in court on a breach of contract suit involving his casino empire, reports CNBC's Jane Wells.
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Casino magnate Sheldon Adelson is back in court on a breach of contract suit involving his casino empire, reports CNBC's Jane Wells.
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CONCORD, N.H.-- New Hampshire's House passed an $11 billion, two-year budget package Wednesday that does not support legalizing a casino, a move that drew quick criticism from the governor and Senate.
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CNBC's Julia Boorstin has the details on Zynga's gamble on internet gaming. And, Sean McGowan, Needham & Company, provides insight on the company's move into gambling and why it could become a "very important source of revenue".
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HARRISBURG, Pa.-- State gambling regulators say gross revenue from slot machines at Pennsylvania's 11 casinos was down slightly last month compared to the same period a year ago, although it still amounted to the second-highest monthly take on record.
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Zynga will take the plunge into real-money gambling and begin offering poker and casino-style games in Britain in partnership with Bwin.party Digital Entertainment.
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A look at what's driving the casino stocks, and where the action is growing, with David Bain, Sterne Agee analyst.
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CHARLESTON, W.Va.-- As revenues continue to decline in West Virginia's five casinos, the Senate Finance Committee has passed a bill authorizing a sixth casino in the state. The bill would allow a casino to be built on a "rural resort community" in Pendleton County near the Virginia border.
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Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a package of reforms to kickstart its ailing economy, its president said on Monday.
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NICOSIA, April 1- Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a package of reforms to kickstart its ailing economy, its president said on Monday.
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NICOSIA, April 1- Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a package of reforms to kickstart its ailing economy, its president said on Monday. With about 68 billion euros in its banks, Cyprus has a vastly outsized financial system that attracted deposits from abroad, especially Russia.
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Casino stocks are having a terrific weekâand it has nothing to do with Las Vegas. In fact, it has everything to do with the coastal Chinese city of Macau.
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March 26- Revel, a centerpiece of New Jersey Governor Chris Christie's effort to revitalize Atlantic City, said it hopes to complete a pre-packaged restructuring within 60 days after the casino, open less than a year, filed for bankruptcy protection.
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Revel, a lavish Atlantic City casino that opened less than a year ago, filed for bankruptcy protection under a plan that would turn over control to lenders and eliminate more than $1 billion of debt.
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Mark Dayton said Monday that Minnesota's Gambling Control Board should have revealed from the start that it consulted the gambling industry when compiling its projections for how much the state would raise by expanding electronic gaming to help pay for the new Minnesota Vikings stadium.
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*Revel to reduce debt by more than 82 pct* Revel secures $250 mln in DIP financing* Expects to emerge from Chapter 11 by early summer* Expects normal operations to continue By Tom Hals and Jonathan Stempel.
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The newest casino in Atlantic City banned smoking, didn't offer a buffet, turned its back on bus-riding day trippers and focused on the upscale leisure traveler more than the slot-playing senior citizen.
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HONG KONG, March 26- Macau casino operator Galaxy Entertainment Group Ltd more than doubled its net profit in 2012 to a record high, lifted by spending from mainland Chinese visitors to its flagship property in the world's biggest gambling hub.
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HONG KONG, March 26- Hong Kong shares may start lower on Tuesday, returning some of Monday's gains on fears the Cyprus bailout could serve as a template for a restructuring of the euro zone banking sector. Earnings will stay in focus, with the three largest Chinese airlines, Air China, China Eastern and China Southern, along with Agricultural Bank of China.
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*Investors sell before weekend as Cyprus bailout eyed. TOKYO, March 22- Japan's Nikkei share average fell on Friday, erasing previous session gains on worries Cyprus may default on its debt, while an uptick in the yen hurt exporters. Exporters with high exposure to Europe led the declines, with Mazda Motor Corp.
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NEW YORK, March 22 The pending merger of Pinnacle Entertainment, Inc. and Ameristar Casinos, Inc. highlights trends in the regulatory and market environments in the gaming jurisdictions of Indiana, Louisiana, Missouri, Ohio and Texas, according to Fitch Ratings' new' Eye in the Sky' series of reports.