Casinos and Gaming
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HONG KONG, Feb 1- Hong Kong shares could start higher on Friday, ahead of the release of data that is likely to show China's economy expanded at its fastest pace in nine months. IATA's members include major airlines such as Air France KLM, British Airways, Delta and Air China.
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LAS VEGAS-- Casino game maker Bally Technologies Inc. said Thursday that its net income grew 37 percent in the fiscal second quarter, and it raised its expectations for the rest of the year. The company said its net income totaled $33.1 million, or 80 cents per share, for the quarter ended Dec. 31.
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LOS ANGELES, Jan 31- Hotel-casino operator Wynn Resorts Ltd on Thursday posted a quarterly profit that was below Wall Street's estimates as its share of the Macau market declined. They continued a significant decline in Macau due to market share loss to the Cotai strip, where Wynn's competitors own properties, "said Chad Mollman, analyst with Morningstar Inc..
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Shares of Las Vegas Sands Corp. soared Thursday after the casino operator reported impressive fourth-quarter gains because of its growth in China. THE SPARK: The company reported after the market closed Wednesday that it fiscal fourth-quarter profit jumped 35 percent, based largely on its expanding business in the Chinese gambling enclave of Macau.
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WYOMISSING, Pa.-- Penn National Gaming said Thursday that its fourth-quarter net income dropped 54 percent, pressured by higher operating expenses. The casino and racetrack operator, which announced in November that it plans to split its business into two public companies, earned $20.2 million, or 19 cents per share, for the three months ended Dec. 31.
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Beyond wagering on traditional point spreads, gamblers these days can choose to put money down on hundreds of obscure and sometimes ridiculous bets listed on sportsbooks for the Super Bowl.
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*China's top luxury watch distributor Hengdeli Holdings Ltd said there had been no material change in its operations and its business continued to operate in a stable manner.
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LOS ANGELES, Jan 30- Casino operator Las Vegas Sands Corp, owned by billionaire Sheldon Adelson, on Wednesday posted lower-than- expected fourth-quarter earnings as weak results in Las Vegas dampened a strong performance in Asia. Morningstar analyst Chad Mollman said the shares also rose on strong results at the company's Chinese and Singapore properties.
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Nintendo, the world's leading gaming company by machines sold, said it will post an operating loss for a second straight year as the sales of its Wii U, successor to the 100-million selling Wii, faltered.
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TOKYO, Jan 31- Japan's Nikkei share average is expected to open lower on Thursday with investors likely to book profits after the index rose sharply to end above 11,000 for the first time in 33 months in the previous session.
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LOS ANGELES, Jan 30- Casino operator Las Vegas Sands Corp, owned by billionaire Sheldon Adelson, on Wednesday said fourth-quarter earnings rose 35.8 percent from a year ago, helped by a strong performance in China, boosting its share price after-hours.
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TOKYO, Jan 30- Nintendo Co Ltd, the world's leading gaming company by machines sold, said it will post an operating loss for a second straight year as the sales of its Wii U, successor to the 100- million selling Wii, faltered.
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Jan 29- U.S. slot machine maker International Game Technology should consider strategic alternatives for the social gaming unit it bought for $500 million a year ago and focus instead on growing Asian markets, an investor in the company said.
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SAN FRANCISCO, Jan 25- Japanese gaming billionaire Kazuo Okada has filed a lawsuit in a Nevada court in an attempt to keep his seat on the board of Wynn Resorts Ltd..
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CARSON CITY, Nev.-- Nevada's largest casinos suffered a combined loss of $1.2 billion in 2012 despite an increase in revenues, but stemmed the rate of losses from the previous year, state casino regulators reported Wednesday.
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Discussing whether casino stocks are a worthy gamble in 2013, with CNBC's Simon Hobbs and Michael Leven, Las Vegas Sands president and COO.
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*SurveyMonkey raising $800 mln in equity and debt financing. SAN FRANCISCO, Jan 17- Online company SurveyMonkey said it aims to raise $800 million in a late-stage venture capital financing, one of the largest such deals in the Internet sector that underscores how many Silicon Valley firms are no longer in a rush to go public.
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SAN FRANCISCO, Jan 17- Online survey company SurveyMonkey said on Thursday it has started an $800 million recapitalization that will allow it to cash out early shareholders and investors.
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*Pagcor confirms Reuters report FBI agents widened Universal probe to Manila. MANILA, Jan 15- The FBI sent agents to Manila as part of a probe into millions of dollars of payments made by Universal Entertainment Corp to a government consultant in relation to the firm's casino project on Manila Bay, the Philippine gaming regulator said.
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Jan 10- Revenues for Atlantic City casinos in 2012 fell 8 percent from the previous year to $3.05 billion, the New Jersey Division of Gaming Enforcement reported on Thursday.