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Casinos and Gaming

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  • Casino panel hears input on Catskills casinos Tuesday, 23 Sep 2014 | 8:49 AM ET

    POUGHKEEPSIE, N.Y.— Catskill region residents who see casinos as an economic lifeline and local opponents sounded off Tuesday before the panel that will decide where new upstate New York casinos will be located.

  • Pro-casino group launches first TV ad of campaign Tuesday, 23 Sep 2014 | 3:01 AM ET

    BOSTON— The first television advertisement in the campaign to preserve the state's developing casino industry was unveiled Tuesday by MGM Resorts and its supporters in Springfield, the economically struggling western Massachusetts city where it is planning an $800 million resort.

  • Pro-casino group ramping up campaign spending Monday, 22 Sep 2014 | 12:36 PM ET

    The Coalition to Protect Massachusetts Jobs spent $702,000 from Sept. 1-15, according to the group's most recent campaign finance filing. The Coalition to Protect Massachusetts Jobs is financed largely by Penn National Gaming, which won the state's lone slot parlor license and is building a $225 million development at the harness racing track in Plainville.

  • Hundreds speak out on New York casino plans Monday, 22 Sep 2014 | 11:09 AM ET

    COLONIE, N.Y.— Supporters and critics of proposals for an Albany area casino weighed in Monday at the first of three days of public hearings on casinos planned for upstate New York. Monday's hearing at an Albany area hotel focused on four bids for a Capital Region casino.

  • Ultimate leaving New Jersey online gambling market Friday, 19 Sep 2014 | 5:06 PM ET

    ATLANTIC CITY, N.J.— New Jersey's fledgling Internet gambling market lost its first provider Friday when Ultimate Gaming accused its partner, the Trump Taj Mahal Casino Resort, of multiple contract breaches and said it is pulling out of New Jersey.

  • Scott Butera stepping down as CEO of Foxwoods Wednesday, 17 Sep 2014 | 5:24 PM ET

    MASHANTUCKET, Conn.— Foxwoods CEO Scott Butera, a key figure in the restructuring of the casino's $2 billion debt, is stepping down at the end of next month to pursue an opportunity outside the gaming industry, the tribe that owns the casino announced Wednesday.

  • Wynn, gambling regulators sign casino license Wednesday, 17 Sep 2014 | 10:35 AM ET

    BOSTON— Wynn Resorts and Massachusetts gambling regulators finalized the license Wednesday for a $1.6 billion casino outside Boston. Wynn brings a track record of success in competitive gambling jurisdictions, including Las Vegas and Asia, said James McHugh, acting commissioner of the Massachusetts Gaming Commission.

  • Wynn's $1.6B resort wins Boston casino license Tuesday, 16 Sep 2014 | 2:34 PM ET

    BOSTON— Wynn Resorts has bested Mohegan Sun for the lucrative Boston- area casino license, based largely on the strength of its $1.6 billion project's economic development potential.

  • Bearish bet on casinos     Tuesday, 16 Sep 2014 | 12:12 PM ET

    Wells Fargo released a bearish report on Macau as revenues fell for the third consecutive month, reports CNBC's Morgan Brennan.

  • Trump tweets: I may buy back in to save Plaza & Taj Tuesday, 16 Sep 2014 | 8:37 AM ET

    Donald Trump on Tuesday took to social media to say he's considering buying back into bankrupt casinos Trump Plaza and Trump Taj Mahal.

  • Atlantic City's Trump Plaza closes its doors     Tuesday, 16 Sep 2014 | 8:25 AM ET

    The casino crisis continues in Atlantic City, reports "Squawk Box's" Becky Quick.

  • Trump Plaza: 4th Atlantic City casino shutdown Tuesday, 16 Sep 2014 | 6:59 AM ET
    The Trump Plaza ,which is scheduled to close, is viewed in Atlantic City on July 30, 2014 in Atlantic City, New Jersey.

    A fourth Atlantic City casino is going out of business.

  • Pimco's best investment ideas right now Monday, 15 Sep 2014 | 4:30 PM ET
    A Pacific Investment Management Company advertisement is displayed on a building in Hong Kong, China.

    Here are the names that Pimco's Mark Kiesel believes are the best investment opportunities right now.

  • Judge OKs auction for closed $2.4B Revel casino Monday, 15 Sep 2014 | 3:37 PM ET

    CAMDEN, N.J.— A bankruptcy court judge on Monday approved a Sept. 24 auction for the failed $2.4 billion Revel Casino Hotel in Atlantic City after a Florida developer offered $90 million cash for the closed building. Judge Gloria M. Burns approved the auction date along with a $3 million breakup fee that Straub would be paid if the sale to him doesn't go through.

  • Sept 15- The bankrupt Revel casino hotel in Atlantic City will go to auction on Sept. 24, a judge ruled on Monday, after the only bidder clashed with creditors who wanted to slow the rushed sale.

  • Buffett can also pick 'em in Vegas Monday, 15 Sep 2014 | 10:45 AM ET
    Berkshire Hathaway Chairman and CEO Warren Buffett arrives at the Berkshire Hathaway shareholders meeting in Omaha, Neb.

    While at the MGM Grand for the Floyd Mayweather fight, billionaire investor Warren Buffett decided to branch out from stock picks and bet on a sports book.

  • Trustee objects to parts of proposed Revel deal Saturday, 13 Sep 2014 | 12:05 PM ET

    ATLANTIC CITY, N.J.— The proposed auction date for the Revel Casino Hotel is too soon and a $3 million breakup fee that would go to a Florida developer if he's outbid for the recently shuttered site is inappropriate, a U.S. Bankruptcy Court trustee said.

  • Atlantic City casino revenues down 1.2 percent Friday, 12 Sep 2014 | 2:38 PM ET

    ATLANTIC CITY, N.J.— Atlantic City's casino revenue declined by 1.2 percent in August compared with a year ago as another gambling hall shut down at the end of the month. Figures released by the New Jersey Division of Gaming Enforcement began to show the impact Atlantic City's casino consolidation is having on the market's revenue stream.

  • Why fund managers are sad you're not on vacation Thursday, 11 Sep 2014 | 4:17 PM ET

    NEW YORK— Your stock-fund manager wishes you'd buy more fun things. Most mutual funds are failing to keep up with broad market indexes again.

  • ATLANTIC CITY, N.J., Sept 10- MGM Resorts International won regulatory permission on Wednesday to re-enter the Atlantic City casino market after a 20- month investigation focusing on the company's ties to Pansy Ho, the richest woman in Hong Kong, who New Jersey gaming regulators considered an unsuitable partner.