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Casinos and Gaming

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  • Former Macau partner sues Las Vegas Sands for $5 bln Friday, 11 Jul 2014 | 4:17 PM ET

    HONG KONG, July 11- A former Macau business partner of Las Vegas Sands Corp accused the casino operator of misappropriating trade secrets and is suing Sands for at least $5 billion in profits that it says are owed via their joint ownership of copyright related to a casino license bid.

  • Einhorn flush with luck in poker's 'Main Event' Friday, 11 Jul 2014 | 2:37 PM ET
    Greenlight Capital President David Einhorn sits at a poker table in Atlantic City, N.J.

    Billionaire hedge fund manager David Einhorn is still alive after three days (and nearly 30 hours of play) in the World Series of Poker Main Event.

  • July 11- Silver Lake Partners LP has agreed to pay $29.5 million to settle a lawsuit that accused several large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis.

  • Working for tips: It's worse than the minimum wage Thursday, 10 Jul 2014 | 4:46 PM ET

    A new study calls for an end to the $2.13 an hour federal tipped minimum wage.

  • ATLANTIC CITY, N.J., July 10- After 19 years working as a cook at Atlantic City's Showboat Casino, Dave Rose is counting the weeks until he and about 2,000 fellow workers lose their jobs when the casino is shuttered at the end of the summer.

  • ATLANTIC CITY, N.J., July 10- After 19 years working as a cook at Atlantic City's Showboat Casino, Dave Rose is counting the weeks until he and about 2,000 fellow workers lose their jobs when the casino is shuttered at the end of the summer.

  • A top holding in the $710 million Ivy Emerging Markets Equity Fund, the best performing diversified emerging market fund over the last five years, is Las Vegas Sands Corp, the U.S.-based casino operator that generates most of its revenue in Macao.

  • SAN FRANCISCO, July 9- Zynga Inc has appointed Regina Dugan, a vice president of engineering at Google, to its board, the online gaming company said on Wednesday. In a blog post, Zynga Chief Executive Officer Don Mattrick said that Dugan's expertise would help Zynga offer "next generation entertainment experiences that span categories, platforms and devices."

  • Zynga names Google executive to board of directors Wednesday, 9 Jul 2014 | 4:32 PM ET

    SAN FRANCISCO, July 9- Zynga Inc has appointed Regina Dugan, a vice president of engineering at Google, to its board, the online gaming company said on Wednesday. In a blog post, Zynga Chief Executive Officer Don Mattrick said that Dugan's expertise would help Zynga offer "next generation entertainment experiences that span categories, platforms and devices."

  • If Japan legalizes casinos     Wednesday, 9 Jul 2014 | 12:35 PM ET

    The Japan trade is not working in 2014 as much as it did last year. Melissa Otto, equity team director for TIAA-CREF, explains the potential for a gaming market in Japan.

  • Legalizing pot: Time to put on that poker face Tuesday, 8 Jul 2014 | 10:56 AM ET

    When it comes to legalizing marijuana, states should learn their lesson from the casinos, says Jake Novak.

  • Hong Kong shares end flat, casinos renew slide Tuesday, 8 Jul 2014 | 4:12 AM ET

    HONG KONG, July 8- Hong Kong shares finished flat on Tuesday, as gains in utilities offset losses in Macau casino stocks on concerns that revenues would suffer as gamblers focused on the final week of the World Cup. Among Macau gaming stocks, Galaxy Entertainment Group shed 2.7 percent and Wynn Macau 1.4 percent.

  • Hong Kong shares also edged lower, with the Macau gaming sector extending losses as revenue remained sluggish during the first week of July. The China Enterprises Index of the top Chinese listings in Hong Kong was flat.

  • Pot about to pop?     Monday, 7 Jul 2014 | 2:13 PM ET

    CNBC's Jane Wells reports 23 states in the U.S. have some form of legal medical marijuana. CNBC's Morgan Brennan discusses how gambling and the legalization of pot may collide.

  • Doubling down on Atlantic City     Monday, 7 Jul 2014 | 2:12 PM ET

    CNBC's Morgan Brennan reports Atlantic City's gaming revenue is down 15 percent since 2006.

  • 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.