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  • A lean Christmas for many laid-off casino workers Tuesday, 23 Dec 2014 | 11:02 AM ET

    ATLANTIC CITY, N.J.— One got her Christmas dinner handed to her a week in advance in foil containers from a union food bank. "It's definitely a tough Christmas this year," said Yomari Blanco, who was laid off in September from the housekeeping job she had at Trump Plaza for 18 years. Two weeks earlier, her husband lost his job when the Showboat Casino Hotel shut down, and he...

  • Ocwen and Gilead are big market movers Monday, 22 Dec 2014 | 5:30 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Ocwen Financial Corp., down $5.89 to $16.01. Nabors Industries Ltd., down 53 cents to $13.10.

  • Icahn's money may keep Atlantic City casino open Monday, 22 Dec 2014 | 2:58 PM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    Carl Icahn's investment in Atlantic City's Taj Mahal casino may help the gambling hub stay open another year.

  • WILMINGTON, Del., Dec 22- The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday. Atlantic City's fortunes have faded as competition from Pennsylvania and other neighboring...

  • NY to finalize details before casino work begins Monday, 22 Dec 2014 | 1:09 PM ET

    ALBANY, N.Y.— Work on new casinos planned for upstate New York won't begin until environmental reviews and casino executive background checks are completed— but state officials said Monday they're moving as quickly as they can. The three are Montreign in Sullivan County in the Catskills, Lago in Seneca County in the Finger Lakes and Rivers casino in Schenectady.

  • New ‘Oz’-themed casino is coming to New York Monday, 22 Dec 2014 | 7:15 AM ET

    The Oneida Indian Nation plans to open a $20 million casino with a "Wizard of Oz" theme in the village where author L. Frank Baum was born.

  • Time to be risk averse in Chinese markets?  Sunday, 21 Dec 2014 | 7:25 PM ET

    Sam Le Cornu, Senior Portfolio Manager at Macquarie Funds Group, explains why he's viewing the rally in China with caution and outlines the opportunities in Macau's gaming shares.

  • Oneida Indians plan new 'Oz'-themed NY casino Sunday, 21 Dec 2014 | 11:38 AM ET

    Ray Halbritter, chief executive officer of the Oneida Nation, said in a news release that the 67,000- square-foot casino will open in the spring in Chittenango, 14 miles east of Syracuse. The Oneidas announced plans for the Yellow Brick Road Casino four days after a state panel recommended licensing three non-Indian casinos, including a $425 million casino and...

  • Moody's: Casinos good for NY communities Friday, 19 Dec 2014 | 1:41 PM ET

    ALBANY, N.Y.— A leading rating agency says new casinos coming to upstate New York will benefit their local communities— even though the overall outlook for the gambling industry remains negative. Moody's Investors Service says Friday that this week's decision to award casino licenses to projects in Sullivan, Seneca and Schenectady counties is a "credit...

  • Construction set to start on Finger Lakes casino Friday, 19 Dec 2014 | 7:19 AM ET

    The Post-Standard of Syracuse reports that the head of Rochester- based Wilmorite says digging for the $425 million casino in the Seneca County town of Tyre is set to begin Friday. The other two will be built in the Catskills in Sullivan County and in the city of Schenectady. The Lago casino will be built near the northern end of Cayuga Lake on an 85- acre site along...

  • Saving Atlantic City: Steve Schirripa  Friday, 19 Dec 2014 | 6:53 AM ET

    Actor Steve Schirripa, shares his thoughts on Sony's decision to pull the plug on "The Interview." And Schirripa weighs in on how to revitalize Atlantic City. Make it a city instead of a slum with casinos, says Schirripa.

  • Better days for Macau gaming sector ahead?  Thursday, 18 Dec 2014 | 10:24 PM ET

    Macau will see less risk of profit declines in 2015 as mass market revenue could see an uptick, says Grant Govertsen, Principal, Analyst, Union Gaming Group.

  • Gloomy days ahead for Macau gaming shares  Thursday, 18 Dec 2014 | 7:34 PM ET

    Jon Oh, Research Analyst for Gaming and Lodging at CLSA, expects shares of casino operators to underperform for the next 1-2 quarters as Macau goes through a painful transition.

  • Is it time to pick up Macau gaming stocks?  Thursday, 18 Dec 2014 | 7:24 PM ET

    Valuations of gaming plays such as Melco Crown look interesting, but it could be a "valuation trap" amid falling casino revenues in Macau, says Tim Seymour, CIO at Triogem Asset Management.

  • China crackdown is 'healthy' for Macau casinos: Pro  Thursday, 18 Dec 2014 | 5:48 PM ET

    Beijing reportedly plans to restrict illegal money transfers from China to Macau, as part of its anti-graft drive. Jonathan Galaviz, Partner at Global Market Advisors, says the clean-up will benefit Macau's long term health.

  • Dec 18- Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast. The Taj, owned by bankrupt Trump Entertainment Resorts Inc., is slated to close on Saturday.

  • Dec 18- Billionaire investor Carl Icahn offered to lend $20 million to help bankrupt casino operator Trump Entertainment Resorts Inc keep its Trump Taj Mahal casino in Atlantic City open.

  • Icahn offers $20M to keep Taj Mahal casino open Thursday, 18 Dec 2014 | 2:18 PM ET
    Carl Icahn

    Carl Icahn will provide up to $20 million to finance the Trump Taj Mahl, he said in a letter to Trump Entertainment Resorts CEO Robert Griffin.

  • Icahn promises Taj Mahal casino $20M to stay open Thursday, 18 Dec 2014 | 1:57 PM ET

    In a letter dated Thursday, Icahn promised Trump Entertainment Resorts that he would provide enough money to keep the casino open throughout bankruptcy proceedings. "Many people would still argue that it would be a better financial decision for me to let the Taj close and wait to see whether a global settlement can be reached," Icahn wrote to Trump Entertainment...

  • Judge to rule on FBI ruse in case against Malaysians Thursday, 18 Dec 2014 | 1:43 PM ET

    LAS VEGAS— A federal judge said Thursday she'll rule soon on whether the FBI improperly entered suites at a Las Vegas Strip casino without a warrant during a probe of what prosecutors say was illegal gambling involving a Malaysian businessman and his son. They also didn't have the permission of Caesars Palace employees, although a casino technical contractor...