Casinos and Gaming


  • Bet against casinos?   Tuesday, 14 Apr 2015 | 5:15 PM ET
    Bet against casinos?

    Wells Fargo is forecasting Macau's revenue will get hit harder in April than it previously expected. The "Fast Money" traders discuss their play on casino stocks.

  • Alcatel-Lucent and JPMorgan are big market movers Tuesday, 14 Apr 2015 | 4:29 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Alcatel-Lucent, up 58 cents to $4.93. JPMorgan Chase& Co., up 97 cents to $63.04.

  • WILMINGTON, Del, April 14- The number of bankruptcies among publicly traded U.S. companies has climbed to the highest first-quarter level for five years, according to a Reuters analysis of data from research firm bankruptcompanynews.com. The $34 billion in assets held by the 26 companies is the second highest for a first quarter in the past decade.

  • Surviving Atlantic City casinos revenue up 2.3 percent Tuesday, 14 Apr 2015 | 2:33 PM ET

    ATLANTIC CITY, N.J.— Atlantic City's eight casinos all saw their revenue increase by 2.3 percent in March, compared to a year ago. Figures released Tuesday by the state's Gaming Enforcement Division show the eight surviving casinos took in $203.8 million in March, compared to the $199.2 million they won in March 2014. "With new attractions coming to Atlantic City,...

  • Casino stocks take a hit: Fold em'?   Tuesday, 14 Apr 2015 | 2:15 PM ET
    Casino stocks take a hit: Fold em'?

    As analyst sees greater than expected revenue declines in the near-term, and casino stocks are taking a hit. Harry Curtis, Nomura, discusses the move.

  • Generator trucks arrive at powerless Revel casino site Tuesday, 14 Apr 2015 | 10:00 AM ET

    ATLANTIC CITY, N.J.— Three portable generator trucks arrived Tuesday at the site of Atlantic City's former Revel casino, which has been without utility service since last week. Florida developer Glenn Straub said two main generator trucks and a backup unit should be fully connected within two days. At 710 feet, Revel is the second-tallest building in New Jersey,...

  • Betting mad! Brits set to splash $730M on horses Friday, 10 Apr 2015 | 10:40 AM ET
    Grand National horse race Aintree

    Punters and bookies alike are gearing up for the Grand National on Saturday, with bookmakers estimating some $731 million will be wagered in the U.K. on the day.

  • April 8- Zynga Inc said Chief Executive Don Mattrick resigned and founder Mark Pincus will return to lead the social gaming company as it tries to come up with new games to match the popularity of "FarmVille". Zynga's share price has been below $5 for more than a year owing to a failure to develop games as popular as "FarmVille," as well as the rise of mobile gaming rivals...

  • Zynga CEO resigns, founder Mark Pincus steps in Wednesday, 8 Apr 2015 | 4:18 PM ET

    April 8- "FarmVille" creator Zynga Inc said Chief Executive Don Mattrick resigned effective Wednesday.

  • IGT's $6 billion bet to be number one: CEO   Tuesday, 7 Apr 2015 | 10:24 AM ET
    IGT's $6 billion bet to be number one: CEO

    Marco Sala, IGT CEO discusses the deal that brought together the world's largest lottery systems with the world's biggest slot machine maker.

  • Revel's final chapter   Tuesday, 7 Apr 2015 | 7:45 AM ET
    Revel's final chapter

    CNBC's Kate Rogers reports on what could be the final chapter of the bankrupt Atlantic City casino, The Revel.

  • April 2- A federal bankruptcy judge in New Jersey on Thursday said she would approve an $82 million sale of Atlantic City's Revel Casino Hotel to Florida developer Glenn Straub. U.S. Bankruptcy Court Judge Gloria Burns said from the bench that she would sign off on the deal, the third one she has approved. Before that, Brookfield Asset Management backed out of its...

  • Why Macau's gaming sector will get better   Wednesday, 1 Apr 2015 | 10:31 PM ET
    Why Macau's gaming sector will get better

    John Bruce, director of Operations, Macau at Hill & Associates, says the mass market is holding up despite China's anti-graft drive and expects new properties opening later this year to be a boost for Macau.

  • Here's the upside in Macau's gambling revenue   Wednesday, 1 Apr 2015 | 8:47 PM ET
    Here's the upside in Macau's gambling revenue

    Alex Bumazhny, director, Gaming, Lodging & Leisure at Fitch Ratings, says March's gambling revenue shows sequential improvements and expects projects rolling out later this year to stabilize the sector.

  • No turnaround in sight for Macau casinos: Pro   Wednesday, 1 Apr 2015 | 6:51 PM ET
    No turnaround in sight for Macau casinos: Pro

    Jonathan Galaviz, partner of Global Market Advisors, says weakness will be the key theme for Macau's gaming industry over the next few quarters.

  • Under the radar: Casinos & CAT   Wednesday, 1 Apr 2015 | 12:30 PM ET
    Under the radar: Casinos & CAT

    Here's 2 trades you may be missing, with the FMHR traders. Josh Brown's read on the weakness in the casino stocks, and Stephen Weiss would stay away from Caterpillar.

  • MACAU, March 31- Macau is drafting new construction safety rules, officials said, after several workers died this month at casino sites amid a building boom in the world's largest gambling hub. While the fatality numbers are relatively low, and lag the 16 deaths in industrial accidents in Hong Kong last year, they are relatively rare in Macau, the only place where...

  • Vegas casinos back to cashing in: Caesars CEO Sunday, 29 Mar 2015 | 11:00 AM ET
    Caesars Entertainment Corp.'s Caesars Palace casino stands in Las Vegas, Nevada.

    Las Vegas was hit hard by the recession, but things are looking up for the city's casinos, Caesars CEO Gary Loveman said to CNBC.

  • Las Vegas casino industry on the mend: Caesars CEO   Friday, 27 Mar 2015 | 11:51 AM ET
    Las Vegas casino industry on the mend: Caesars CEO

    It's been a tough few years for casino operators in Las Vegas, but Caesars CEO Gary Loveman said things are getting better.

  • TALLAHASSEE, Fla., March 26- A bill to create two casino gambling "destination resorts" in south Florida divided the Republican-controlled statehouse on Thursday, with the expansion of craps, slot machines and high-stakes gaming opposed by family-oriented tourist attractions. Proponents argue that Florida is losing billions in tourism revenue to Caribbean...