GO
Loading...

Casinos and Gaming

More

  • Boardwalk blues in Atlantic City  Monday, 7 Jul 2014 | 1:35 PM ET

    Atlantic City has fallen on tough times as gaming revenues have plunged and several casinos could be closing by end of summer, reports CNBC's Morgan Brennan.

  • Atlantic City's boardwalk blues  Monday, 7 Jul 2014 | 6:22 AM ET
    Caesar's Palace in Atlantic City.

    CNBC's Morgan Brennan reports on Atlantic City's 5-year revitalization plan as gaming revenues drop 45% since 2006.

  • *Chongqing Iron& Steel falls after it clarifies Posco partnership. HONG KONG, July 7- Hong Kong shares fell on Monday with Macau casinos under selling pressure after last week's strong rebound, while China markets were also weaker as investors await major economic data later this week.

  • World cup fever zaps Macau gambling revenue Tuesday, 1 Jul 2014 | 11:15 PM ET
    A croupier stands at a poker table inside the Venetian Macao resort and casino, operated by Sands China Ltd., in Macau, China.

    Gambling revenue in Macau fell 3.7 percent, the first drop in over four years, with analysts saying the World Cup had diverted gamblers away.

  • July 1- Twitter Inc named Anthony Noto as CFO, putting the well-regarded former Goldman Sachs executive who led its successful November IPO in charge of finances. Twitter shares rose as much as 4.8 percent after the messaging service announced its latest upper-management shake-up.

  • Volatility ahead for Macau's gaming space: Analyst  Monday, 30 Jun 2014 | 8:49 PM ET

    Christopher Jones, MD & Senior Gaming & Lodging Analyst, Telsey Advisory Group, says Macau's gaming sector will face downside pressure in the near term but the "noise" will start to clear by 2015.

  • *Alibaba the king of online retail on personal computers in China. *Alibaba headed for big IPO in New York this year. BEIJING, July 1- Chinese e-commerce giant Alibaba Group Holding Ltd may have dominated online retail on personal computers, but is some way from replicating that leadership in shopping by smartphone and other mobile devices.

  • June 27- Debt-strapped casino operator Caesars Entertainment Corp said it will shut its Showboat Atlantic City casino in August due to falling revenue and high property tax in Atlantic City. Revenue from Atlantic City has declined by more than $3 billion since 2006 while competition has grown, Chief Executive Gary Loveman said in a statement.

  • June 27- Casino operator Caesars Entertainment Corp said it will shut its Showboat Atlantic City casino in August due to falling revenue and high property tax in Atlantic City.

  • Galaxy Group: China slowdown won't hurt us  Thursday, 26 Jun 2014 | 8:52 PM ET

    Lui Che Woo, Founder and Chairman of Galaxy Entertainment Group, tells CNBC why he's optimistic that his gaming business will reap better profits this year despite a slowdown in China.

  • Macau's casino tycoon: I don't gamble Thursday, 26 Jun 2014 | 6:57 PM ET
    Lui Che-woo, chairman of Galaxy Entertainment Group Ltd.

    Lui Che Woo, founder and chairman of Galaxy Entertainment, runs six casinos in Macau but he told CNBC that gambling isn’t really his cup of tea.

  • 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.

  • Wyndham was the mystery bidder for IHG: report Tuesday, 24 Jun 2014 | 1:45 PM ET
    A sign for the InterContinental Hotel, operated by the InterContinental Hotels Group Plc, sits on display at the hotel in Park Lane, London.

    Intercontinental Hotels' board rejected a merger offer in May, Sky News reports.

  • Bucket list summer camps for grown-ups Saturday, 21 Jun 2014 | 11:47 AM ET
    Ron Cianciaruso (in red T-shirt on the left;) along with rock counselor Billy Hinsche (in the hat), a former member of Dino, Desi & Billy who also played with the Beach Boys; and co-campers Nick, Ted, John, Bill and Pat, who joined Ron in the camp band, Outside the Box.

    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.

  • Philips wins patent case against Nintendo in UK Friday, 20 Jun 2014 | 9:24 AM ET

    Philips Electronics said on Friday it had won a patent infringement cases against Nintendo in the United Kingdom.

  • Atlantic City's Revel casino files for bankruptcy Thursday, 19 Jun 2014 | 6:02 PM ET

    Atlantic City's Revel Casino Hotel filed for bankruptcy and warned its staff that it will shut down soon without a buyer.

  • Union Gaming Group downgrades Macau sector  Wednesday, 18 Jun 2014 | 12:42 AM ET

    Grant Govertsen, Principal Analyst, Union Gaming Group, says politics in China paint a "flat or negative" long-term outlook for Macau's market.

  • New thrill rides raise the stakes in Las Vegas Wednesday, 11 Jun 2014 | 6:59 PM ET
    The newly opened VooDoo zip line at the Rio Las Vegas gives riders a trhill 490 feet off the ground.

    The economy in Sin City continues to move away from gaming since the worst days of the Great Recession.