TOPEKA, Kan.— All three investor groups interested in developing a southeast Kansas casino have met the minimum financial and management requirements to move on in the selection process. Under a Kansas law adopted in 2007, four gaming zones were created for casinos, with only one casino allowed in each region. The three proposals for a casino in southeast Kansas...» Read More
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.
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.
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,...
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.
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,...
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...
April 8- "FarmVille" creator Zynga Inc said Chief Executive Don Mattrick resigned effective Wednesday.
Marco Sala, IGT CEO discusses the deal that brought together the world's largest lottery systems with the world's biggest slot machine maker.
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...
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.
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.
Jonathan Galaviz, partner of Global Market Advisors, says weakness will be the key theme for Macau's gaming industry over the next few quarters.
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...
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.
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...