ATLANTIC CITY, N.J.— As four Atlantic City casinos shut down last year, those that remained voiced optimism that their own performance would improve. Figures released Friday by the state Division of Gaming Enforcement show the surviving eight casinos saw their gross operating profits rise by 26 percent in the first quarter of this year. "Gaming revenue is up,...» Read More
CNBC's Morgan Brennan reports on Atlantic City's 5-year revitalization plan as gaming revenues drop 45% since 2006.
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.
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.
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.
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.
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.
Philips Electronics said on Friday it had won a patent infringement cases against Nintendo in the United Kingdom.
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.
The economy in Sin City continues to move away from gaming since the worst days of the Great Recession.
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.
Phil Spencer, Microsoft Xbox head, tells CNBC's Julia Boorstin about its new content strategy to drive sales in the very competitive environment of gaming.
The new McCarran Medical Clinic and Pharmacy at McCarran International Airport in Las Vegas can fill prescriptions or offer a pre-flight IV.
Stephen Upstone, co-founder of LoopMe, says Tetris really took off on mobile as the game celebrates its 30th birthday on Friday and discusses the mobile gaming industry.
Past Triple Crown bids have boosted wagering on Belmont Stakes racing, and California Chrome's popularity could drive new records.
Big American casino stocks with the most exposure to Macau are getting hammered, reports CNBC's Dominic Chu. The FMHR traders share their view of these stocks.
At The Cosmopolitan, poolside revelers can get bottle-service via drone. What could go wrong?
The Supreme Court said Michigan can't block the opening of an American Indian casino after the state said the tribe opened it illegally in 2010.