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.» Read More
HONG KONG, April 1- Macau, the world's casino capital, raked in $4.4 billion in gambling revenues in March, boosted by robust demand from Chinese visitors keen to bet in the country's only legal casino hub. Growth in Macau, a special administrative region like neighbouring Hong Kong, was up 13 percent in March, at the top end of analyst estimates of 10-13 percent.
HONG KONG, April 1- Macau, the world's casino capital, raked in 35.5 billion patacas in gambling revenues in March, boosted by robust demand from Chinese visitors keen to bet in the country's only legal casino hub.
*Tencent jumps on bargain hunting after recent slide. SHANGHAI, April 1- Hong Kong shares jumped to their highest level in more than three weeks on Tuesday as casino operators continued their roll and investors snapped up beaten down shares of index heavyweight Tencent. The China Enterprises Index of the top Chinese listings in Hong Kong gained 0.1 percent.
Discussing investor activism and his big bet on Las Vegas Sands, is Jonathan Litt, Land and Buildings founder & CIO.
SHANGHAI, March 31- Hong Kong shares finished up 0.4 percent on Monday as casino operators gained ahead of the release of monthly Macau gambling revenue data, while China Construction Bank climbed on forecast-beating results. The Hang Seng Index closed at 22,151.06 points.
Lawrence Ho, Co-Chairman & CEO at Melco Crown, describes his optimism over Chinese reforms and refutes claims that gambling in Macau has declined due to Beijing's clampdown on corruption.
Discussing the selloff in gambling stocks and new efforts by Congress to ban online gaming, with Joel Simkins, Credit Suisse gaming, lodging, and leisure analyst.
SAN FRANCISCO/ BOSTON, March 27- As increasing numbers of technology companies defer their initial public offerings, one influential hedge-fund investor has stepped up to the plate in Silicon Valley.
Jeff Lapin, former CEO of Take-Two Interactive, shares his thoughts on King Digital's IPO and explains how gaming distribution has evolved and is impacting traditional brick and mortars.
*China tech stocks spooked by losses in U.S. tech sector. SYDNEY, March 27- Asian markets were in skittish mood on Thursday following a soft finish on Wall Street and amid simmering tensions over Ukraine, while Chinese tech stocks took a tumble in sympathy with their U.S. counterparts.
The rule may serve to shed light on high-risk transactions such as international wires and large cash deposits.
March 26- Shares in King Digital Entertainment Plc fell as much as 15 percent in their Wednesday debut, underscoring investor concern about the company's reliance on "Candy Crush Saga" and dampening hopes that its coming-out party could revive investor interest in the mobile gaming industry.
March 26- Shares in King Digital Entertainment Plc fell as much as 15 percent in their Wednesday debut, underscoring concerns about the company's reliance on "Candy Crush Saga" and dashing hopes its coming-out party would revive investor interest in the mobile gaming industry.
Tom Forte, managing director at Telsey Advisory Group, says the reaction to King Digital's IPO show that investors are skeptical and await the release of a new hit game from the Candy Crush developer.
March 26- Shares of King Digital Entertainment Plc, maker of the wildly popular "Candy Crush Saga" game, fell as much as 15 percent in their trading debut on Wednesday, underscoring concerns about the company's reliance on a single hit game. King's shares fell to a low of $19.08 from their IPO price of $22.50, valuing the company at about $6 billion.
March 26- Shares of King Digital Entertainment Plc, maker of the wildly popular "Candy Crush Saga" game, fell as much as 15 percent in their trading debut on Wednesday, valuing the company at about $6 billion. London- based King raised about $500 million after its initial public offering was priced at $22.50 per share, the mid-point of the targeted price range.
The museum at the site of the World Trade Center will open to the public in May, officials announced today.
Can South Korea's first foreign-owned casino give casino hotspots like Vegas and Macau a run for their money? CNBC's Julia Wood, Susan Li and Bernie Lo discuss.
In observation of Thursday's International Day of Happiness, designated by the United Nations, we are asking: which makes you happier, wealth or well-being?
Las Vegas gambler Mark Johnston is suing a casino after losing $500,000 for letting him play drunk, reports CNBC's Eamon Javers.