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Casinos and Gaming

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  • It represents the latest in efforts to fill in dormant sites on the northern end of the Las Vegas Strip with new resort-casinos including Genting Group's $4 billion sprawling Resorts World development expected to open by mid-2018, along with a plan by the Las Vegas Convention and Visitors Authority to raze the Riviera hotel-casino and extend the convention...

  • How Macau's losing streak is impacting its citizens Monday, 6 Jul 2015 | 5:50 AM ET
    How Macau's losing streak is impacting its citizens

    Many of Macau's residents turn to jobs in the gaming industry for better income, but how will the slowdown in the city's casino industry affect them? CNBC's Eunice Yoon finds out.

  • Why Chinese travelers are shunning Macau Monday, 6 Jul 2015 | 5:40 AM ET
    Why Chinese travelers are shunning Macau

    Liu Shuai, a Chinese state bank officer who lives in the city of Zhuhai, tells CNBC why he stopped visiting Macau after Beijing started its anti-corruption campaign.

  • Dark cloud hangs over 'Las Vegas of the East' Monday, 6 Jul 2015 | 5:30 AM ET
    Dark cloud hangs over 'Las Vegas of the East'

    In this episode of "Inside China", CNBC's Eunice Yoon finds out what's hurting Macau's billion-dollar gambling industry.

  • BOSTON— The casino gambling industry is off and running with the recent opening of the Plainridge Park Casino in southeastern Massachusetts. Gambling revenues from the Plainville slots parlor are flowing daily into the state coffers, though the Massachusetts Gaming Commission cautions it's too early to say whether revenues will meet projections.

  • SARATOGA SPRINGS, N.Y.— Well before dice start tumbling at new upstate casinos, gambling operations in New York are evolving to stay competitive. And in central New York, the tribe that operates Turning Stone Resort Casino opened a second, smaller casino and added slot machines to its convenience stores. Licenses are pending for three new gambling resorts in New...

  • Macau casinos stocks up after China visa changes Thursday, 2 Jul 2015 | 10:03 PM ET

    Shares in Macau's casino companies jumped more than 10 per cent on Thursday in a rare relief rally after the government relaxed visa restrictions.

  • Could this dim the growth prospects of Macau? Thursday, 2 Jul 2015 | 7:25 PM ET
    Could this dim the growth prospects of Macau?

    Apart from Beijing's anti-graft campaign, Macau's outlook is also clouded by the conflicts in its own society over what role the casinos should play in the city's future.

  • SCHENECTADY, N.Y.— A racino on New York's Southern Tier submitted a proposal Thursday for a $145 million expansion to a full Las Vegas-style gambling facility, the first of what is expected to be at least two applications for a casino license in the economically struggling area. The application from Tioga Downs, which is located west of Binghamton, filled 55 boxes...

  • Out of luck: Macau continues losing streak Wednesday, 1 Jul 2015 | 6:49 PM ET
    Out of luck: Macau continues losing streak

    Macau's casino revenue fell for the 13th consecutive month in June amid Beijing's anti-corruption drive. CNBC's Eunice Yoon has more.

  • Macau mess Wednesday, 1 Jul 2015 | 4:18 PM ET
    Macau mess

    Tuna Amobi, Standard and Poor's, thinks we are in the early to mid-innings of a multi-year correction for casinos with exposure to Macau.

  • Trouble for Macau Wednesday, 1 Jul 2015 | 2:10 PM ET
    Trouble for Macau

    The world's casino capital Macau could be in trouble. Harry Curtis, Nomura senior gaming analyst, shares his trade.

  • The cases, in Connecticut and Arizona, involve crackdowns on advantage players who say they use card-counting or other methods that shift the odds in their favor, but generally are not illegal. "You do not have a level playing field," said Stanford Wong, a Las Vegas- based gambling expert who advises readers of his newsletters to be aware that tribal properties are...

  • Macau on losing streak as revenues near 5-year low Wednesday, 1 Jul 2015 | 6:42 AM ET
    Macau on losing streak as revenues near 5-year low

    CNBC's Eunice Yoon takes a look at why the chips are down for Macau despite tens of millions of people visiting its casinos.

  • Will easier visa rules save Macau casinos? Tuesday, 30 Jun 2015 | 8:45 PM ET
    Will easier visa rules save Macau casinos?

    Jonathan Galaviz, partner at Global Market Advisors, says the relaxation of visa rules for mainland tourists visiting Macau will only be "helpful around the edges."

  • Time to bet on Macau? Tuesday, 30 Jun 2015 | 5:53 PM ET
    Time to bet on Macau?

    Macau casino stocks Melco Crown, Las Vegas Sands and MGM were higher Tuesday. The "Fast Money" traders take their positions.

  • Borgata's luck in Atlantic City Monday, 29 Jun 2015 | 8:23 AM ET
    Borgata's luck in Atlantic City

    CNBC's Morgan Brennan, and Tom Ballance, Borgata president & COO, talk about the shrinking casino business in Atlantic City and how bad policy is impacting the space. Also Ballance weighs in on how online gambling has created an additional revenue stream for Borgata.

  • ATLANTIC CITY, N.J.— The owners of Atlantic City's former Trump Plaza casino plan to keep it shut for at least 10 years as a tax-saving measure. Trump Entertainment Resorts has filed a deed restriction for the casino, which closed last September, preventing it from being used again as a casino for at least a decade. Trump Entertainment filed the deed Friday with...

  • LAS VEGAS— Huge crowds and high rollers in Las Vegas for the Floyd Mayweather-Manny Pacquiao fight helped Nevada casinos make more than $1 billion off gamblers in May, according to records released Friday. "To hit a billion, we're pretty pleased," said Nevada Gaming Control Board analyst Michael Lawton. The last time casino winnings topped $1 billion was December...

  • Former 'Survivor' star wins big in poker tourney Friday, 26 Jun 2015 | 12:05 PM ET
    Jean-Robert Bellande

    Jean-Robert Bellande took home $784,828 in the Poker Players Championship at the World Series of Poker in the early morning hours Friday.