Casinos and Gaming


  • Penn National updates plans for Plainville slot parlor Thursday, 16 Apr 2015 | 1:31 PM ET

    BOSTON— Massachusetts is inching closer to the official launch of its casino industry, as Penn National Gaming submitted revised plans Thursday for a slot parlor slated to open in June along the Rhode Island border while regulators highlighted steps the state still needs to complete before it can oversee gambling operations. Plans for Plainridge Park still...

  • ATLANTIC CITY, N.J.— Morris Bailey knows his customers, and as the owner of Atlantic City's oldest casino, he realizes some longtime patrons feel somewhat uneasy with Internet gambling. More importantly, it lets them easily fund betting accounts, a difficulty that has held back the growth of Internet gambling in New Jersey during its first year and a half.

  • Analyst: Demographic, industry problems weigh on casinos Thursday, 16 Apr 2015 | 12:14 PM ET

    Economic growth will slow as the population of older Americans outpaces younger consumers who are "less enthused" about gambling, turning instead to electronic games or watching online entertainment, Keith Foley, an analyst at Moody's Investors Service, wrote in an investors note. In contrast, Wynn Las Vegas receives more than 60 percent of gross revenue from...

  • Mohegan Sun discusses possible expansion in South Korea Thursday, 16 Apr 2015 | 6:04 AM ET

    UNCASVILLE, Conn.— The president of the Mohegan Tribal Gaming Authority says tribal officials have met with Korean interests to discuss the possibility of operating a casino near Seoul, South Korea. Robert Soper, president of the parent organization of the Mohegan Sun in Connecticut and Pennsylvania, told The Day that Kevin Brown, chairman of the Mohegan Tribal...

  • ST. LOUIS, April 15- The U.S. Treasury Department's anti-money laundering unit may soon issue a civil penalty to Caesars Entertainment Corp over anti-money laundering lapses unearthed during a probe underway for roughly two years, two sources familiar with the matter. The sources added that the Justice Department, which had also been probing the casino...

  • Casino stocks: hold or fold?   Wednesday, 15 Apr 2015 | 2:13 PM ET
    Casino stocks: hold or fold?

    Jon Oh, CLSA, discusses casino concerns in Macau.

  • Bet against casinos?   Tuesday, 14 Apr 2015 | 5:15 PM ET
    Bet against casinos?

    Wells Fargo is forecasting Macau's revenue will get hit harder in April than it previously expected. The "Fast Money" traders discuss their play on casino stocks.

  • Alcatel-Lucent and JPMorgan are big market movers Tuesday, 14 Apr 2015 | 4:29 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Alcatel-Lucent, up 58 cents to $4.93. JPMorgan Chase& Co., up 97 cents to $63.04.

  • WILMINGTON, Del, April 14- The number of bankruptcies among publicly traded U.S. companies has climbed to the highest first-quarter level for five years, according to a Reuters analysis of data from research firm bankruptcompanynews.com. The $34 billion in assets held by the 26 companies is the second highest for a first quarter in the past decade.

  • Surviving Atlantic City casinos revenue up 2.3 percent Tuesday, 14 Apr 2015 | 2:33 PM ET

    ATLANTIC CITY, N.J.— Atlantic City's eight casinos all saw their revenue increase by 2.3 percent in March, compared to a year ago. Figures released Tuesday by the state's Gaming Enforcement Division show the eight surviving casinos took in $203.8 million in March, compared to the $199.2 million they won in March 2014. "With new attractions coming to Atlantic City,...

  • Casino stocks take a hit: Fold em'?   Tuesday, 14 Apr 2015 | 2:15 PM ET
    Casino stocks take a hit: Fold em'?

    As analyst sees greater than expected revenue declines in the near-term, and casino stocks are taking a hit. Harry Curtis, Nomura, discusses the move.

  • Generator trucks arrive at powerless Revel casino site Tuesday, 14 Apr 2015 | 10:00 AM ET

    ATLANTIC CITY, N.J.— Three portable generator trucks arrived Tuesday at the site of Atlantic City's former Revel casino, which has been without utility service since last week. Florida developer Glenn Straub said two main generator trucks and a backup unit should be fully connected within two days. At 710 feet, Revel is the second-tallest building in New Jersey,...

  • BILOXI, Miss.— The nation's casino owners and gambling machine makers say they want to team with states to crack down on illegal gambling. Speaking to the National Association of Attorneys General on Monday, American Gaming Association President Geoff Freeman called on state legal leaders to join with his group, saying they "have a shared interest in putting an...

  • HARTFORD, Conn.— Tough financial questions confront Connecticut's two beleaguered tribal casinos as they propose joining forces in a major investment to fend off new competitive threats looming in Massachusetts. Mohegan Sun and Foxwoods Resort Casino— weakened by debt and a yearslong decline in gamblers— are looking to build a third scaled-back casino in...

  • Betting mad! Brits set to splash $730M on horses Friday, 10 Apr 2015 | 10:40 AM ET
    Grand National horse race Aintree

    Punters and bookies alike are gearing up for the Grand National on Saturday, with bookmakers estimating some $731 million will be wagered in the U.K. on the day.

  • April 8- Zynga Inc said Chief Executive Don Mattrick resigned and founder Mark Pincus will return to lead the social gaming company as it tries to come up with new games to match the popularity of "FarmVille". Zynga's share price has been below $5 for more than a year owing to a failure to develop games as popular as "FarmVille," as well as the rise of mobile gaming rivals...

  • Zynga CEO resigns, founder Mark Pincus steps in Wednesday, 8 Apr 2015 | 4:18 PM ET

    April 8- "FarmVille" creator Zynga Inc said Chief Executive Don Mattrick resigned effective Wednesday.

  • Keno resurrected as Connecticut considers more casinos Wednesday, 8 Apr 2015 | 1:55 PM ET

    HARTFORD, Conn.— As lawmakers consider whether to allow satellite tribal casinos near the state's borders, the Connecticut Lottery Corporation wants permission to offer keno to help diversify its portfolio and protect its revenue stream to the state budget. Lottery President Anne Noble said while the lottery is financially healthy, it is projecting a...

  • IGT's $6 billion bet to be number one: CEO   Tuesday, 7 Apr 2015 | 10:24 AM ET
    IGT's $6 billion bet to be number one: CEO

    Marco Sala, IGT CEO discusses the deal that brought together the world's largest lottery systems with the world's biggest slot machine maker.

  • Revel's final chapter   Tuesday, 7 Apr 2015 | 7:45 AM ET
    Revel's final chapter

    CNBC's Kate Rogers reports on what could be the final chapter of the bankrupt Atlantic City casino, The Revel.