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  • 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...

  • Amid scrutiny, Vegas hotelier wins gambling license Thursday, 18 Dec 2014 | 2:14 AM ET

    LAS VEGAS— The man who started a hospitality empire with a Los Angeles nightclub and turned the Sahara Hotel and Casino on the Las Vegas Strip into a hipper, sleeker destination is facing questions from gambling regulators for the second time this month about his cocaine use and questionable business dealings. Sam Nazarian is expected to appear before the...

  • China continues to put the squeeze on Macau casinos  Thursday, 18 Dec 2014 | 12:19 AM ET

    Ahead of Chinese President Xi Jinping's visit this weekend, authorities are cracking down on illicit fund flows into Macau from the mainland. CNBC's Emily Tan has more.

  • Nightlife king faces queries from gaming regulator Wednesday, 17 Dec 2014 | 8:55 PM ET

    LAS VEGAS— A Los Angeles nightlife entrepreneur who revamped Las Vegas' Sahara Hotel and Casino into a hipper, sleeker destination is getting ready to defend his past again so he can obtain a Nevada gambling license after admitting recent cocaine use and explaining his curious business dealings with felons. "What he has run into is history," said Michael Green, a...

  • Xi's visit to Macau deals cold deck to VIP gamblers Wednesday, 17 Dec 2014 | 7:18 PM ET

    Chinese President Xi Jinping arrives in Macau with a clear message: the world's biggest gambling center cannot remain a one-industry town.

  • Existing gambling sites in New York state Wednesday, 17 Dec 2014 | 4:58 PM ET

    A New York panel decided to recommend only three sites for upstate gambling casinos instead of four amid an increasingly saturated gambling market. Here's a look at the other sites where gamblers already can go in New York. —Empire City Casino at Yonkers Raceway, Yonkers;.

  • MGM Resorts and FedEx are big market movers Wednesday, 17 Dec 2014 | 4:26 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. MGM Resorts International, down 84 cents to $18.01. FedEx Corp., down $6.48 to $167.78.

  • Dec 17- A U.S. judge has dismissed Steve Wynn's lawsuit accusing prominent short-seller Jim Chanos of slander over an alleged statement that the casino mogul violated a U.S. anti-bribery law. District Judge William Orrick in San Francisco ruled on Tuesday that Chanos was giving an opinion protected under the U.S. Chanos, founder of New York- based hedge fund...

  • Place your bets! Is the Queen abdicating? Wednesday, 17 Dec 2014 | 11:03 AM ET

    The Queen's Christmas speech this year could be one to watch out for, as gamblers place bets on whether she will abdicate her role.

  • 102K signatures for man trying to save home Wednesday, 17 Dec 2014 | 9:55 AM ET

    Charlie Birnbaum's Change.org petition targets the Casino Reinvestment Development Authority's plan to take the house in the shadow of the closed Revel Casino hotel, which overlooks a large swath of vacant land. Superior Court Judge Julio Mendez ruled last month that the state agency can use eminent domain to seize the house. Robert McNamara, an attorney...

  • Recommended and rejected New York casino proposals Wednesday, 17 Dec 2014 | 2:05 AM ET

    ALBANY, N.Y.— New York state has authorized up to four casino licenses to be divided among three regions: the Albany- Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid- Hudson River Valley. —Sterling Forest Resort, Orange County. Location: Tuxedo in Orange County, which applicant boasts is 35 miles from the George Washington Bridge.

  • New York panel recommends 3 upstate resort casinos Wednesday, 17 Dec 2014 | 2:00 AM ET

    The Gaming Facility Location Board chose sites in Sullivan, Schenectady and Seneca counties and decided not to recommend a fourth license amid an increasingly saturated gambling market where consumers have more options closer to home. Voters last year authorized up to four casinos in three upstate regions: the Albany- Saratoga area, the Southern...

  • Nightclub company Hakkasan to buy The Light Group Tuesday, 16 Dec 2014 | 7:00 PM ET

    Hakkasan Group, whose name is affixed to a five-story nightclub and dining experience at the MGM Grand hotel-casino, is buying The Light Group and its 22 nightclubs, day clubs and restaurants. The remaining 10 percent owned by The Light Group's founders is also part of the $36 million price tag. The purchase would add another 22 nightclubs, day clubs and...

  • New York casino decision looms Monday, 15 Dec 2014 | 12:52 PM ET

    Officials involved in the decision have promised that it will be based on the merits of the proposals— and not Albany politics. Voters last year authorized up to four casinos to be divided among three upstate regions: the Albany- Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid- Hudson Valley. The state's Gaming Facility Location...

  • AP NewsBreak: Golden Nugget drops tax suit threat Monday, 15 Dec 2014 | 12:46 PM ET

    TRENTON, N.J.— Atlantic City's Golden Nugget casino dropped a threat Monday to file a lawsuit blocking a package of tax relief for Atlantic City's eight casinos. The casino's general counsel, Steven Scheinthal, told The Associated Press that proposed changes to a tax bill the Golden Nugget had vehemently opposed should be enough to protect it.

  • College finalizes purchase of ex-Showboat casino Friday, 12 Dec 2014 | 5:53 PM ET

    ATLANTIC CITY, N.J.— A southern New Jersey college finalized its purchase of the former Showboat Casino Hotel in Atlantic City on Friday. "Our roots officially began at the former Mayflower Hotel in Atlantic City, and as our campus has expanded, so has our mission to provide higher education, research and community partnerships that enhance the region and state,"...

  • SeaWorld and Adobe are big market movers Friday, 12 Dec 2014 | 4:36 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. SeaWorld Entertainment Inc., down 32 cents to $15.77. Esterline Technologies Corp., down $13.90 to $103.63.

  • Official: Casinos' take has good in its bad news Friday, 12 Dec 2014 | 2:41 PM ET

    ATLANTIC CITY, N.J.— The take for Atlantic City's casino industry dropped in November, but officials say a closer look at the numbers offers hope in the form of higher winnings and more jobs at several of the remaining gambling halls. Figures released Friday by the New Jersey Division of Gaming Enforcement show how schizophrenic Atlantic City's gambling market...

  • Bankruptcy judge voids sale of New Jersey casino Friday, 12 Dec 2014 | 10:30 AM ET

    CAMDEN, N.J.— A bankruptcy court judge on Friday voided the proposed sale of the former Revel Casino Hotel in Atlantic City to a Canadian firm. Judge Gloria Burns granted a request by Revel Entertainment to cancel the $110 million sale to Toronto- based Brookfield Asset Management. His Polo North Country Club was the runner-up in the auction, with a bid of $95...

  • Dec 11- Caesars Entertainment Corp has reached a tentative deal with senior bondholders over a debt restructuring plan for its largest unit, Caesars Entertainment Operating Co, the Wall Street Journal reported, citing people familiar with the matter. The unit has about $18.4 billion in debt, mostly held by hedge funds that buy up debt of troubled companies,...