Casinos and Gaming


  • Health fund extends coverage for Taj Mahal workers Tuesday, 28 Oct 2014 | 10:27 AM ET

    ATLANTIC CITY, N.J.— A joint union-management health care fund is giving two months of extended insurance coverage to workers at Atlantic City's Taj Mahal Casino Resort. Unite Here Health, a fund run jointly by union and casino representatives, said it acted Tuesday due to what it called "unprecedented times in Atlantic City." They include union representatives...

  • Blackjack, baccarat drag Nevada gambling wins down Tuesday, 28 Oct 2014 | 9:43 AM ET

    LAS VEGAS— Two card games were to blame for a less lucrative September in Las Vegas. The Nevada Gaming Control Board reported Tuesday that casinos statewide brought in $902 million last month, a 6 percent drop compared to a year ago. "It's a little disappointing," said Michael Lawton, senior research analyst for the Nevada Gaming Control Board.

  • Flawed casino tower at center of Vegas trial Tuesday, 28 Oct 2014 | 6:30 AM ET

    While general contractor Tutor Perini Corp., its subcontractors and the casino company fought over who was to blame, the rest of the glitzy and glassy $8.5 billion development opened in 2009 on the CityCenter site. On Tuesday, six years after problems were found, jury selection began in Nevada state court for a massive breach-of-contract trial with as much as...

  • Wynn discusses pollution cleanup at casino site Tuesday, 28 Oct 2014 | 2:13 AM ET

    MEDFORD, Mass.— Wynn Resorts officials, speaking Tuesday night at Tufts University about the casino company's plans to turn a polluted former chemical plant site into a gleaming $1.6 billion resort, promised the cleanup efforts will meet the "highest standards" set by federal environmental regulators. Robert DeSalvio, a Wynn executive who is overseeing the...

  • Jersey sports bets delayed     Monday, 27 Oct 2014 | 1:29 PM ET

    Sports betting is illegal according to the Federal law in all but 4 states. CNBC's Morgan Brennan provides an update on the debate over sports betting in New Jersey.

  • Gambling blocked in NJ     Monday, 27 Oct 2014 | 10:58 AM ET

    A U.S. district judge temporarily blocked a New Jersey racetrack's plans to legalize sports betting. CNBC's Morgan Brennan discusses what's next for New Jersey's struggling gambling industry.

  • Icahn presses casino union to help save the Taj Friday, 24 Oct 2014 | 7:49 AM ET
    Carl Icahn

    Billionaire investor Carl Icahn on Friday urged Atlantic City's largest casino workers union to help save the Taj.

  • Penn National Gaming tops Street 3Q forecasts Thursday, 23 Oct 2014 | 8:12 AM ET

    WYOMISSING, Pa. _ Penn National Gaming Inc. on Thursday reported third-quarter earnings of $8.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share. Analysts expected $634.2 million, according to Zacks.

  • Edward Tracy, President and CEO of Sands China, believes that the casino operator's focus on mass-market gamers and non-gaming sectors bode well for its growth.

  • Monarch Casino tops Street 3Q forecasts Wednesday, 22 Oct 2014 | 5:48 PM ET

    RENO, Nev. _ Monarch Casino& Resort Inc. on Wednesday reported third-quarter earnings of $4.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share. Analysts expected $47.5 million, according to Zacks.

  • Caesars' CEO hails center, fate of casinos cloudy Wednesday, 22 Oct 2014 | 2:54 PM ET

    ATLANTIC CITY, N.J.— The CEO of Caesars Entertainment said Wednesday a new $125 million meeting center his company is building will help define Atlantic City's future, even as he pointedly refused to say whether his company is done closing casinos there. Gary Loveman said the center next to Harrah's Resort Atlantic City will be ready by next summer and should...

  • Rolls-Royce: The most expensive Phantom fleet ever Wednesday, 22 Oct 2014 | 11:37 AM ET
    A Rolls-Royce Phantom image from the Louis XIII order.

    Mark Ellwood of CNBC’s “The Filthy Rich Guide” weighs in on Hong Kong tycoon Stephen Hung’s order of 30 Rolls-Royce Phantoms for his Macau hotel.

  • Casino owner Full House Resorts looks for buyer Wednesday, 22 Oct 2014 | 8:30 AM ET

    NEW YORK— Full House Resorts Inc., the casino and hotel operator, said Wednesday that it is putting itself up for sale. The company, based in Las Vegas, evaluated strategic alternatives and decided that a sale was the best move. Full House, headquartered in Las Vegas, owns the Rising Star Riverboat Casino in Rising Sun, Indiana; the Silver Slipper Casino in Hancock...

  • A worrying sign for Sands China     Tuesday, 21 Oct 2014 | 9:34 PM ET

    Profit margins from the mass market were guided lower in Las Vegas Sands' quarterly earnings and that is a worrying sign for Sands China, says Jamie Soo, Analyst, Macau Gaming Sector at Daiwa Capital Markets.

  • Hearing set for Trump casino name lawsuit Tuesday, 21 Oct 2014 | 2:13 PM ET

    The Trumps are suing Trump Entertainment Resorts in state court in New Jersey, seeking to have the Trump name stripped from the Taj Mahal. The real estate mogul and his daughter claim that Trump Entertainment, with which they are no longer involved, let the now-closed Trump Plaza and the Taj Mahal deteriorate to the point where it damages their personal brand.

  • Casino firms spend heavily to fight repeal of law Tuesday, 21 Oct 2014 | 4:35 AM ET

    BOSTON— Casino companies that have been awarded licenses in Massachusetts donated $4.5 million this month to a group fighting repeal of the state's casino gambling law, according to campaign finance records. Wynn Resorts plans a $1.6 billion resort casino in Everett, and the company, led by Las Vegas gambling mogul Steve Wynn, was awarded the coveted eastern...

  • Arguments made, no ruling in eminent domain case Tuesday, 21 Oct 2014 | 2:54 AM ET

    ATLANTIC CITY, N.J.— The piano-tuner battling to save his family home from being seized through eminent domain looks out the three-story brick house in the shadow of the closed $2.4 billion Revel Casino Hotel and sees one constant in the community: vacant land. Attorneys for Birnbaum and the Casino Reinvestment Development Authority sparred in court Tuesday...

  • TORONTO, Oct 20- Amaya Gaming Group Inc, which has pivoted to focus on the fast-growing online gambling market, said on Monday it is exploring a sale of its Cadillac Jack subsidiary that makes slot machines and electronic bingo games for casinos. Amaya said its strategic review process will consider varied alternatives for the Cadillac Jack business with the...

  • TORONTO, Oct 20- Amaya Gaming Group Inc, which has pivoted to focus on the fast growing online gambling market, said on Monday it is exploring a sale of its Cadillac Jack subsidiary that makes slot machines for casinos. Earlier this summer, Montreal- based Amaya closed on the $4.9 billion takeover of Rational Group, operator of online gambling website PokerStars,...

  • Casino resisting Donald Trump's bid to remove name Monday, 20 Oct 2014 | 2:52 PM ET

    The real estate mogul and his daughter Ivanka Trump are suing Trump Entertainment Resorts, which he once ran, in state Superior Court, demanding that the Trump name come off the Taj Mahal as well. Ivanka Trump said on Monday that she and her father "vehemently disagree" with Trump Entertainment's stance regarding use of the Trump name and the claims the company...