GO
Loading...

Casinos and Gaming

More

  • How to get the vapors when you're on vacation Saturday, 11 Oct 2014 | 11:00 AM ET
    A man smokes an electronic cigarette in Miami.

    E-cig consumption is on track to pass regular cigarettes in a decade, but for now, rules on where you can smoke are often unclear.

  • Oct 7- An affiliate of Brookfield Asset Management got court approval to buy Atlantic City, New Jersey's shuttered Revel Casino Hotel for $110 million in cash on Tuesday after a judge rejected complaints the auction for the bankrupt complex was tainted. "I have heard evidence to satisfy me that the sale to Brookfield should be confirmed," said U.S. Bankruptcy...

  • Oct 7- An affiliate of Brookfield Asset Management on Tuesday got court approval to buy Atlantic City, New Jersey's shuttered Revel Casino Hotel for $110 million in cash after a judge rejected complaints the auction for the bankrupt complex was tainted. The losing bidder, Glenn Straub of Florida, objected because he said the auction was unfair.

  • Goodbye, casino business. Hello...Arena Football? Monday, 6 Oct 2014 | 1:16 PM ET
    An Arena Football League game featuring the new LA Kiss, which is owned by members of the rock band Kiss.

    The ex-CEO of Foxwoods Casino knew back in 2012 that he was in the mood for a career change. Boy, did he find one.

  • MACAU, Oct 6- Gambling revenue in the world's biggest gaming hub Macau recorded their steepest drop in more than five years in September as China's campaign against corruption and a slowing economy kept big-spending customers away. Revenues of Macau's 35 casinos fell 11.7 percent to 25.6 billion patacas in September from 29 billion patacas in the same month a...

  • *Industrial action becoming more frequent in Macau. HONG KONG, Oct 3- Hundreds of casino workers in gambling hub Macau walked off the job on Friday to demand higher wages and better benefits, a union leader said, the latest in a wave of labor unrest to hit casino operators also facing shrinking revenues. The protest by the MGM workers comes a month after about 1,000...

  • *Industrial action becoming more frequent in Macau. HONG KONG, Oct 3- Hundreds of casino workers in gambling hub Macau walked off the job on Friday to demand higher wages and better benefits, a union leader said, the latest in a wave of labour unrest to hit casino operators also facing shrinking revenues. The protest by the MGM workers comes a month after about 1,000...

  • Tracking the impact of a smoking ban in Macau   Thursday, 2 Oct 2014 | 11:36 PM ET
    Tracking the impact of a smoking ban in Macau

    John Bruce, Director of Operations for Macau at Hill & Associates, says the ban is the least-threatening problem facing Macau's gaming sector as casino operators are well-prepared for it.

  • HONG KONG, Oct 3- Hundreds of casino workers in gambling hub Macau plan to walk off the job on Friday to demand higher wages and better benefits, a union leader said, the latest in a wave of labour unrest to hit casino operators also facing shrinking revenues. Dealers at the flagship casino of MGM China Holdings Ltd, a unit of U.S.-based MGM Resorts International, plan...

  • Steve Wynn: I'm 'more scared' about US than China Wednesday, 1 Oct 2014 | 12:50 PM ET
    Steve Wynn

    Casino tycoon Steve Wynn says government crackdowns in Macau and protests in Hong Kong don't worry him so much.

  • Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."

  • Icahn's Fountainebleau remains empty   Wednesday, 1 Oct 2014 | 12:20 PM ET
    Icahn's Fountainebleau remains empty

    CNBC's Jane Wells asked Wynn Resorts Chairman and CEO Steve Wynn, what will happen with the unfinished Fontainebleau casino resort on the Las Vegas Strip.

  • Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale in court. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."

  • Steve Wynn: Internet gambling bad idea   Wednesday, 1 Oct 2014 | 11:18 AM ET
    Steve Wynn: Internet gambling bad idea

    CNBC's Jane Wells speaks to Wynn Resorts chairman and CEO Steve Wynn, about Internet gambling and if it's a good bet for the gaming industry.

  • Oct 1- Brookfield Asset Management won the auction for Atlantic City's bankrupt Revel Casino Hotel with a $110 million bid, said two sources familiar with the situation. Revel Casino, which cost $2.4 billion to build, opened in 2012 and closed on Sept. 2 after filing for its second bankruptcy in June.

  • Look who just won bidding for bankrupt Revel Casino Wednesday, 1 Oct 2014 | 7:51 AM ET
    Revel Atlantic City stands behind a building being demolished in Atlantic City, New Jersey, U.S., on Thursday, July 17, 2014.

    Brookfield Asset Management has won the auction for Atlantic City's bankrupt Revel Casino Hotel, said a source familiar with the situation.

  • US scares Steve Wynn more than China   Wednesday, 1 Oct 2014 | 7:41 AM ET
    Steve Wynn, speaking in Boston, Jan. 22, 2014.

    CNBC's Jane Wells sits down with billionaire gaming king Steve Wynn to discuss the investing environment in China and why he is more concerned about polarization in America.

  • Brookfield wins auction for bankrupt Revel Casino Wednesday, 1 Oct 2014 | 7:09 AM ET

    Oct 1- Brookfield Asset Management has won the auction for Atlantic City's bankrupt Revel Casino Hotel, said a source familiar with the situation. The company bid $110 million for the casino complex, topping a $90- million bid by Florida real estate developer Glenn Straub, who did not submit a superior bid by 5.00 a.m. ET, the source said.

  • MGM CEO: Current visitation up in Macau   Tuesday, 30 Sep 2014 | 5:20 PM ET
    MGM CEO: Current visitation up in Macau

    MGM Resorts Chairman and CEO Jim Murren discusses whether Hong Kong protests could negatively impact his business in Macau, and the future of the gaming and slot floor.

  • Jackpot! Gambling's impact on the US economy Tuesday, 30 Sep 2014 | 2:05 PM ET
    Las Vegas, Nevada.

    The American Gaming Association's first report on the industry's impact on the economy found that, despite big money, gaming firms have had to adapt.