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Casinos and Gaming

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  • Miss. casino revenue stable after Harrah's closure Wednesday, 23 Jul 2014 | 10:58 AM ET

    JACKSON, Miss.— Gambling revenues tumbled in Mississippi's river region in the first month after Harrah's Tunica Hotel& Casino closed, but the overall downward trend didn't worsen much. Meanwhile, Gulf Coast casinos posted their best June in years, winning enough that overall state casino revenues actually rose from June 2013, though by less than 1 percent.

  • Group says Ohio casinos, racinos employ over 7,000 Tuesday, 22 Jul 2014 | 12:00 PM ET

    WASHINGTON— The American Gaming Association says Ohio's commercial casinos and racinos employed more than 7,000 workers who received a total of $225 million in wages benefits and tips last year. The Washington- based trade association says the four casinos and four racinos operating in Ohio in 2013 generated $351 million in tax revenue.

  • Reports: $180K stolen in Atlantic City casino heist Tuesday, 22 Jul 2014 | 6:46 AM ET

    Two masked thieves stole more than $180,000 from an Atlantic City casino Monday morning, according to multiple media reports.

  • Pain of Atlantic City casino closings far-reaching Monday, 21 Jul 2014 | 4:23 PM ET

    ATLANTIC CITY, N.J.— Yomary Blanco cleans rooms at Trump Plaza, one of three Atlantic City casinos that could shut down by September. Her husband works the buffet at the Showboat, which is scheduled to close on Aug. 31.

  • Mississippi's Margaritaville casino closing Monday, 21 Jul 2014 | 1:57 PM ET

    JACKSON, Miss.— Company officials say Mississippi's Margaritaville Casino& Restaurant will close on or before Sept. 19. The company reported 359 employees to the Mississippi Gaming Commission at the end of March. The casino opened in May 2012 and is the newest of 12 along Mississippi's Gulf Coast.

  • Hong Kong shares slip despite a rebound by casinos Monday, 21 Jul 2014 | 4:07 AM ET

    HONG KONG, July 21- Hong Kong shares sagged on Monday, though the Macau gambling sector regained momentum following losses last week stemming from a corruption probe and disappointing earnings. Galaxy Entertainment Group and Sands China were the standout winners on the Hang Seng, up 3.1 and 2.3 percent respectively.

  • *China railway sector rises on state support. *China airlines fall after another profit warning. HONG KONG, July 21- China shares held a soft tone on Monday, with investors preparing a sizable amount of money for upcoming initial public offerings, while Hong Kong was flat.

  • A history of casino revenue, jobs in Atlantic City Sunday, 20 Jul 2014 | 10:08 AM ET

    Here is a look at how gambling revenue and employment have changed since casinos launched in Atlantic City in 1978:. Dec. 29, 1979: Bally's Atlantic City opens. Aug. 13, 1980: Sands Casino Hotel opens.

  • Atlantic City doomed by glut of casinos in region Sunday, 20 Jul 2014 | 9:57 AM ET

    ATLANTIC CITY, N.J.— The rapid disintegration of Atlantic City's casino market might be an early indicator of what could happen in other parts of the country that have too many casinos and not enough gamblers. James Whelan, a former Atlantic City mayor.

  • Route 91 Harvest country music fest set for Vegas Thursday, 17 Jul 2014 | 9:01 AM ET

    Concert producer Live Nation and casino company MGM Resorts International announced Thursday that they're collaborating on the inaugural, three-day Route 91 Harvest festival, set to take place Oct. 3-5 in an empty lot near the Mandalay Bay resort.

  • Hong Kong shares end flat, Kunlun jumps Thursday, 17 Jul 2014 | 4:12 AM ET

    HONG KONG, July 17- Hong Kong's benchmark index ended flat on Thursday, dampened by a weak Macau gaming sector and a retreat by Internet giant Tencent. Shares of Macau casino Sands China fell 1.2 percent after the company reported weaker-than-expected earnings.

  • Will Macau's slowdown hurt Las Vegas Sands?     Wednesday, 16 Jul 2014 | 6:48 PM ET

    Alex Bumazhny, Director of Gaming, Lodging & Leisure at Fitch Ratings, says the firm's exposure to the mass market will help to offset weakness in Macau's VIP segment.

  • *New company will list on NYSE, delist from Milan. MILAN, July 16- Italy's GTECH will buy U.S. slot machine maker International Game Technology for $4.7 billion, shifting the lottery operator away from its struggling domestic market and making it a major player in the casino business.

  • July 14- The Trump Plaza Hotel is expected to close in September, making it the fourth casino to close this year in Atlantic City, the faltering New Jersey resort town. Atlantic City, which once held a lucrative East Coast gambling monopoly, has fallen hard as new casinos open in the northeastern United States.

  • July 14- Layoff notices went out on Monday for roughly 1,000 employees of Atlantic City's Trump Plaza Casino Hotel, in anticipation of a Sept. 16 closure, the company said in a statement. The seashore casino is one of the poorest performers in Atlantic City, which began the year with 12 casinos but with the Trump Plaza closing could be down to eight.

  • Trumped? Another Atlantic City casino may close Monday, 14 Jul 2014 | 9:33 AM ET

    If Trump Plaza closes, Atlantic City could lose a third of its casinos and a quarter of its casino workforce in less than nine months.

  • Investors turning cautious on Wynn Macau     Sunday, 13 Jul 2014 | 11:22 PM ET

    Jackson Wong, Vice President of Tanrich Securities, attributes its hold rating on the stock to the recent land deal probe and the bearish outlook of Macau's gaming sector.

  • July 12- The Trump Plaza Hotel in Atlantic City could shut its doors in September and lay off 1,000 workers, a local newspaper reported, in what could make it the fourth casino to close this year in the faltering New Jersey resort city.

  • HONG KONG, July 11- A former Macau business partner of Las Vegas Sands Corp accused the casino operator of misappropriating trade secrets and is suing Sands for at least $5 billion in profits that it says are owed via their joint ownership of copyright related to a casino license bid.

  • Ex-Macau partner suing Las Vegas Sands for $5B Friday, 11 Jul 2014 | 5:37 PM ET
    Las Vegas Sands casino sits behind the Fishermans Wharf in Macau, in this Feb. 7, 2006 file photo.

    A former Macau business partner of Las Vegas Sands is suing Sands for at least $5 billion in profits that it says are owed.