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Casinos and Gaming


  • This will give Galaxy Entertainment a boost   Tuesday, 26 May 2015 | 10:36 PM ET
    This will give Galaxy Entertainment a boost

    Angela Han Lee, analyst at China Merchants Securities, says new resort projects will help Galaxy Entertainment to outperform its competitors in Macau's gaming sector.

  • Macau casinos eye resorts to counter slowdown Tuesday, 26 May 2015 | 8:51 PM ET

    As revenue plummets in China's only legal gambling hub, global casino operators have a new mantra: what happens in Vegas, must also happen in Macau.

  • HONG KONG, May 27- As revenue plummets at China's only legal gambling hub, global casino operators have a new mantra- what happens in Vegas, must also happen in Macau. The latter's two new resort projects, worth $3.2 billion, open in Macau later on Wednesday. As well as the mainland's crackdown, Macau's government is forcing casino firms, also including SJM Holdings...

  • New Revel owner: 'No way' casino reopens this summer Tuesday, 26 May 2015 | 11:35 AM ET

    CAMDEN, N.J.— The casino at Atlantic City's former Revel resort won't reopen this summer, the property's new owner said Tuesday, and it's doubtful whether any of the non-gambling attractions can be reopened by Labor Day. He also held out little hope of reopening some of the non-gambling components of Revel, such as restaurants or night clubs or pool clubs by Labor...

  • MACAU— Macau is doubling down even as the odds change. Macau's casino operators are undaunted. They're also optimistic Beijing's support for Macau's long term development from a seedy, vice-ridden backwater into a glitzy Asian destination will draw a growing numbers of middle class families from across the region looking for more than just gambling.

  • Marriott: 'Hotel occupancy still good in Macau'   Monday, 25 May 2015 | 9:16 PM ET
    Marriott: 'Hotel occupancy still good in Macau'

    Simon Cooper, managing director for Asia Pacific at Marriott International, says occupancy rates in Macau are unaffected by the fall in gaming revenues hence the decision to open the 1,000-room JW Marriott.

  • CARSON CITY, Nev.— The Las Vegas Metro Chamber of Commerce, a major business group that has remained neutral on tax bills for most of the legislative session, said Monday that it would offer conditional and temporary support of Republican Gov. Representatives from mining, building, casinos and telecommunications are backing the plan in the name of improving...

  • ATLANTIC CITY, N.J.— As four Atlantic City casinos shut down last year, those that remained voiced optimism that their own performance would improve. Figures released Friday by the state Division of Gaming Enforcement show the surviving eight casinos saw their gross operating profits rise by 26 percent in the first quarter of this year. "Gaming revenue is up,...

  • ST LOUIS, May 22- A federal grand jury is probing a Los Angeles- area casino following allegations by state authorities the business allowed some players to evade transaction reporting requirements and possibly launder money, a source said. The grand jury is probing the operations of the Gardena- based Normandie Casino, the source said. Lauren Miller, general...

  • Boston expands lawsuit against state gambling commission Thursday, 21 May 2015 | 10:33 AM ET

    BOSTON— An amended lawsuit filed by the city of Boston is asking a judge to bar the current Massachusetts gaming regulators from any future action on the $1.7 billion casino proposed for neighboring Everett. Mayor Marty Walsh announced Thursday the city amended its complaint that challenges the Massachusetts Gaming Commission's decision to award Wynn...

  • ATLANTIC CITY, N.J.— The crucial summer season will start with three Atlantic City casinos in bankruptcy and one beset by regular pickets and protests. Union members picketed Thursday evening outside the Trump Taj Mahal, in their seventh protest against the casino or soon-to-be-owner Carl Icahn over health insurance and pension benefits canceled by a...

  • Under that agreement, the state receives 25 percent of the slot machine revenue generated at the tribes' Foxwoods Resort Casino and Mohegan Sun while the tribes have exclusive rights to casino gambling in Connecticut. Jepsen said the original legislation could make it easier for other Connecticut tribes to open casinos if they win recognition and could be...

  • Macau is slowing but party's not over: James Packer Tuesday, 19 May 2015 | 1:50 AM ET

    The downturn in Macau has been far sharper than anticipated, says billionaire gaming mogul James Packer, but he insists the party is not over yet.

  • Having Nobu in Melco's business mix is great: Pro

    Jonathan Galaviz, partner at Global Market Advisors, says the opening of a Nobu Hotel in the City of Dreams Manila is a great idea, but in the long run, the brand management of Nobu will be key.

  • When will City of Dreams Manila be profitable?   Monday, 18 May 2015 | 6:19 PM ET
    When will City of Dreams Manila be profitable?

    Lawrence Ho, CEO and chairman of Melco International and James Packer, chairman of Crown Resorts, outline their expectations for when the City of Dreams Manila could become profitable.

  • May 18- TPG Capital LP may have helped its own campaign to go public after pulling Par Pharmaceutical Holdings Inc's IPO. TPG was preparing to begin an IPO investor roadshow for Par Pharmaceutical Holdings before it agreed to sell the generics drugmaker to Endo International Plc for around $8 billion. Founded in 1992 by David Bonderman and James Coulter, San...

  • What you didn't know about carpets at casinos   Friday, 15 May 2015 | 2:51 PM ET
    What you didn't know about carpets at casinos

    CNBC's Jane Wells reports on how casinos replace carpets.

  • King Digital beats Street 1Q forecasts Thursday, 14 May 2015 | 6:09 PM ET

    DUBLIN _ King Digital Entertainment PLC on Thursday reported first-quarter net income of $164.1 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Four analysts surveyed by Zacks expected $592.5 million.

  • What happens to old casino carpet?   Thursday, 14 May 2015 | 1:00 PM ET
    What happens to old casino carpet?

    Why is casino carpet so busy, and what happens to the old carpet when it's replaced? The Pechanga Resort & Casino in California explains that it turns old carpet into new carpet padding.

  • Somerset developers withdraw from casino race Thursday, 14 May 2015 | 12:31 PM ET

    BOSTON— Developers of a proposed Somerset casino have withdrawn from the competition for Massachusetts' third and final resort casino license, leaving two proposals in the running: one for New Bedford's waterfront and another for the Brockton Fairgrounds. With Somerset officially out of the competition, attention now shifts to New Bedford and Brockton.