MACAU, March 12- Galaxy Entertainment Group Ltd and Melco Crown Entertainment Ltd look best placed to benefit from the next phase of Macau's development as the world's gambling capital adds eight more mega-casinos by 2017..» Read More
Grant Chum, MD & Head of Hong Kong Equity Research, UBS says the growth rate for Singapore's casinos has moderated, but he thinks the situation will improve when the cyclical side of China's economy bounces back.
Jon Oh, Gaming Sector Analyst, CLSA discusses the prospects of Japan becoming Asia's next top gaming destination. He identifies the local "pachinko" sector as the chief obstacle.
CNBC's Kayla Tausche reports from Atlantic City that while most of the big casinos plan to reopen tomorrow, it will be difficult to get back to business as usual amid the devastation of Sandy. (3:44)
Tilman Fertitta, Chairman & CEO of Landry's Restaurants, discusses the damage left by Hurricane Sandy and whether Atlantic City will be able to rebuild and bring back tourist.
The ports of New York/New Jersey and Delaware Bay are closed, with CNBC's Mary Thompson.
Casinos are opening up all over the country, creating jobs and raking in tax revenues, reports CNBC's Brian Shactman. But the money they're taking in is more than likely taking cash from another form of entertainment.
CNBC's Brian Shactman reports on the new Hollywood Casino to open in Columbus, Ohio, which required 3,500 construction workers to build it. Jim Ruben, Granite State Coalition Against Expanded Gambling, and Judy Patterson, American Gaming Association, weigh in on the value of gambling to local and state governments.
Ohio will have four casinos by next spring. The reason: In this case, a third of all money made by Penn National Gaming will go back to Columbus and Ohio in taxes, reports CNBC's Brian Shactman.
On August 24th, Mike and Carter suggested a bullish trade on Las Vegas Sands. Managing a winning trade, with CNBC's Melissa Lee and the Options Action traders.
Jonathan Galaviz, MD & Chief Economist, Galaviz & Company discusses the Nevada court ruling against Kazuo Okada's appeal to reverse Wynn Resorts' share buyback.
Dennis Forst, Gaming Industry Analyst says the gaming sector is showing some 'sizzle' not seen in a while due to operators expanding overseas. He warns that as the industry gets bigger, it'll be susceptible to the same risks as any other cyclical sector.
On the final play of Monday night's NFL game, a controversial touchdown call changed the game's outcome. Some sources say it was a $150-300 million dollar swing. Various Las Vegas sources told CNBC, it was much more than that.
NBC's Stephanie Gosk reports naked pictures of England's Prince Harry have gone public.
Less than five months after opening with distressingly low revenues, Atlantic City's newest casino is seeking some breathing room from its lenders.
Timothy McNally, Chairman of NagaCorp says he's pleased with his company's strong performance in H1. He adds his firm is not impacted by Europe or the U.S., and is benefiting from growth in tourism into Indochina.
Chad Mollman, Equity Analyst, Morningstar notes the decline among VIP gamblers in Asia's casinos, due to the tough economic environment. He says the mass market middle-class sector is driving growth in casinos.
Facebook is venturing into the world of online gambling with the launch of its first application where punters can stake real money.
A strong outlook for the mass segment in the world’s largest gaming market, Macau, could be the silver lining for the shares of Hong-Kong listed Sands China, which hit a seven-month low late last week after its parent company, the Las Vegas-based Las Vegas Sands, reported second-quarter earnings that were much worse than expected, analysts told CNBC.
Michael Leven, Las Vegas Sands president & COO, shares his thoughts on how to create jobs in America, and weighs in on growing the Asian gaming industry.
While a slowdown in Macau, the world’s number one gaming destination by revenue, has many analysts lowering growth forecasts and cutting stock prices, Goldman Sachs says there’s too much pessimism over the gaming market and investors could see good value in the long term in certain stocks.