Profit margins from the mass market were guided lower in Las Vegas Sands' quarterly earnings and that is a worrying sign for Sands China, says Jamie Soo, Analyst, Macau Gaming Sector at Daiwa Capital Markets.» Read More
NEW YORK, June 26- Wickr, a startup founded by privacy advocates, said it has raised $30 million from investors including CME Group Inc to help develop self-destructing messaging technology for use by financial services firms and gaming companies.
Gary Loveman said he believed Caesars' finances- its debt carries a speculative grade rating- would not put it at a disadvantage as it seeks a licence in Japan, where a bill to legalise casinos could be put to a vote in parliament this year.
ST. LOUIS, June 25- U.S. authorities are ramping up their investigation into money flows from gambling hotspot Macau to ensure that U.S. casinos with operations there are not used as conduits to funnel crime proceeds from Asia and elsewhere into the U.S. financial system.
Intercontinental Hotels' board rejected a merger offer in May, Sky News reports.
Why should kids have all the fun? Adults can now spend a week training to be an astronaut, pro poker player, rocker or zombie slayer.
CAMDEN, N.J., June 20- Atlantic City's bankrupt Revel Casino Hotel has received court approval to borrow $23.9 million that it said would keep the 1,400- room resort operating for the coming month as it scrambles to find a buyer.
Philips Electronics said on Friday it had won a patent infringement cases against Nintendo in the United Kingdom.
AMSTERDAM, June 20- Philips Electronics NV said on Friday it had won a patent infringement cases against Nintendo in the United Kingdom, the first of four lawsuits filed against the Japanese gaming company. Philips spokesman Bjorn Teuwsen said the patent related to motion and gesture tracking systems used in the Wii game console.
HONG KONG, June 20- Hong Kong shares snapped a four-day losing steak, as the beaten-down Macau gambling sector rebounded, but still suffered a loss for the week. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong gained 0.4 percent, but had its 5- week winning streak ended with a 1.2 percent drop for the week.
Atlantic City's Revel Casino Hotel filed for bankruptcy and warned its staff that it will shut down soon without a buyer.
Grant Govertsen, Principal Analyst, Union Gaming Group, says politics in China paint a "flat or negative" long-term outlook for Macau's market.
*Slot-machine maker has a market value of nearly $4 bln. MILAN, June 16- Italian lottery operator GTECH is in preliminary talks to buy Las Vegas- based International Game Technology in a cash and shares deal that would make it a significant player in the casino slot machine business.
At the 2014 expo this week, the startup, which Facebook bought in March for $2 billion, drew crowds of oglers for its latest virtual reality headset, Oculus Rift. Whether gamers will buy into that remains to be seen, but Facebook's big bet has jolted gaming companies into action.
If the court rules in favor of Halliburton and against a group of shareholders, then the oilfield services company won't be the only business to gain.
The economy in Sin City continues to move away from gaming since the worst days of the Great Recession.
June 11- Goldman Sachs Group Inc will pay $67 million and Bain Capital Partners LLC will pay $54 million to settle their portions of a lawsuit accusing several of the world's largest private equity firms of conspiring not to outbid each other on companies they sought to buy.
SAN FRANCISCO, June 10- Index Ventures, the firm known for backing online video-chat service Skype at its early stages, said on Tuesday that it had raised 400 million euros for a venture fund focused on early-stage investments.
Richard Wilson, CEO of TIGA, discusses the console war between Microsoft and Sony and the U.K. game industry which has now returned to growth.
International Game Technology decided to seek a buyer after company stock plummeted.
NEW YORK, June 9- International Game Technology, the Las Vegas- based slot machine maker, has hired Morgan Stanley to explore a sale as the gaming industry pursues consolidation to combat slow growth, people familiar with the matter said on Monday.