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Casinos and Gaming

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  • Bad NFL Call: A $1 Billion Mistake? Tuesday, 25 Sep 2012 | 12:29 PM ET
    Wide receiver Golden Tate #81 of the Seattle Seahawks makes a catch in the end zone to defeat the Green Bay Packers on a controversial call by the officials at CenturyLink Field on September 24, 2012 in Seattle, Washington.

    On the final play of Monday night's NFL game, a controversial touchdown call changed the game's outcome.  Some sources say it was a $150-300 million dollar swing. Various Las Vegas sources told CNBC, it was much more than that.

  • Prince Harry: A Royal 'Blush' in Las Vegas     Friday, 24 Aug 2012 | 8:34 AM ET

    NBC's Stephanie Gosk reports naked pictures of England's Prince Harry have gone public.

  • Revel, which spans 6.3 million square feet and stands 47 stories tall, provides a comprehensive beachfront resort experience with many levels.

    Less than five months after opening with distressingly low revenues, Atlantic City's newest casino is seeking some breathing room from its lenders.

  • Timothy McNally, Chairman of NagaCorp says he's pleased with his company's strong performance in H1. He adds his firm is not impacted by Europe or the U.S., and is benefiting from growth in tourism into Indochina.

  • Chad Mollman, Equity Analyst, Morningstar notes the decline among VIP gamblers in Asia's casinos, due to the tough economic environment. He says the mass market middle-class sector is driving growth in casinos.

  • Facebook Ventures into Online Gambling Tuesday, 7 Aug 2012 | 10:09 AM ET
    Facebook

    Facebook is venturing into the world of online gambling with the launch of its first application where punters can stake real money.

  • There’s a Silver Lining for Sands China in Macau Monday, 30 Jul 2012 | 5:26 AM ET
    Sands Cotai Central

    A strong outlook for the mass segment in the world’s largest gaming market, Macau, could be the silver lining for the shares of Hong-Kong listed Sands China, which hit a seven-month low late last week after its parent company, the Las Vegas-based Las Vegas Sands, reported second-quarter earnings that were much worse than expected, analysts told CNBC.

  • Betting on Creating US Jobs     Friday, 13 Jul 2012 | 8:40 AM ET

    Michael Leven, Las Vegas Sands president & COO, shares his thoughts on how to create jobs in America, and weighs in on growing the Asian gaming industry.

  • While a slowdown in Macau, the world’s number one gaming destination by revenue, has many analysts lowering growth forecasts and cutting stock prices, Goldman Sachs says there’s too much pessimism over the gaming market and investors could see good value in the long term in certain stocks.

  • Eugene Tan, Assistant Professor of Law at Singapore Management University says the recent casino curbs in Singapore are for the government to ensure that there isn't a political backlash from the controversial decision to have the casinos in the first place.

  • Are Macau Gaming’s Best Years Behind It? Friday, 15 Jun 2012 | 2:00 AM ET
    Sands Cotai Central, Sands' newest integrated resort, in Macau.

    The best days for Macau’s gaming industry may be behind it, as weakness in the high-roller sector continues and spreads to the mass market, according to Gary Pinge, analyst at Macquarie Securities, who cut his estimates for the industry earlier this week.

  • 10 ways people cheat in casinos Wednesday, 13 Jun 2012 | 10:36 AM ET
    There’s no doubt about it, gambling means big business. Casinos in the U.S. raked in $62.8 billion in 2011, according to Spectrum Gaming Group, a research and professional services firm. But with the good comes the bad for the gaming industry — cheating is also a big money maker for those who find ways to deceive the house. Thanks to technology, it’s getting harder to pull off. Casinos have cameras trained on every table and are always on the lookout for anything suspicious. But some people stil

    Cheaters are still finding ways to scam millions of dollars from casinos every year. Click ahead to see 10 methods these scammers use.

  • Cramer: Don’t Gamble on Wynn Resorts Thursday, 31 May 2012 | 6:40 PM ET
    Wynn Las Vegas

    The “Mad Money” host explains why he’s not willing to recommend this stock in the near-term.

  • Will 'Revel Casino' Rescue Atlantic City?     Friday, 25 May 2012 | 10:43 AM ET

    A look at the $2.4 billion debut of Revel Casino, with Kevin DeSanctis, Revel Casino CEO, who discusses his company's big bet on Atlantic City. Also, sports betting regulations.

  • Beaten-Down Macau Gaming Stocks a Buy: Analysts  Thursday, 24 May 2012 | 3:47 AM ET
    Macau's casinos at dusk

    Macau gaming stocks have fallen out of favor, with the major names sliding an average of 20 percent since the beginning of May on worries about a sharp slowdown in gambling revenues. But, according to analysts at Nomura, the correction may be close to an end and the recent drop could present an attractive buying opportunity.

  • MGM CEO: 2012 Year of Internet Gaming     Tuesday, 8 May 2012 | 5:35 PM ET

    CNBC's Gary Kaminsky discusses where to find investment opportunities in casino stocks, with Jim Murren, MGM Resorts chairman & CEO.

  • Reversal of Fortune in Casino Sector?     Wednesday, 2 May 2012 | 3:51 PM ET

    CNBC's Courtney Reagan reports on the state of casino stocks, including shares of Caesars up 63% since its February IPO.

  • Golden Nugget's Grand Opening     Friday, 27 Apr 2012 | 6:51 AM ET

    Tilman Fertitta, Landry's Restaurants chairman & CEO, discusses the $150 million dollar renovation of the Golden Nugget in Atlantic City, New Jersey and the outlook on the casinos and gaming industry.

  • MGM CEO Outlines Expansion Strategy     Wednesday, 18 Apr 2012 | 8:35 PM ET

    Jim Murren, Global CEO, MGM Resorts International sees strong opportunities in Asia and Toronto. He also says MGM has strong plans to build a larger resort in Cotai, Macau.

  • EuroVegas: Key to Spain's Problems?     Wednesday, 11 Apr 2012 | 5:30 PM ET

    The Fast Money traders weigh in on whether casinos are a remedy for Spain's ailing economy. The Las Vegas Sands may gamble on a $35 billion complex in Spain.