GO
Loading...

Casinos and Gaming

More

  • Trump Taj Mahal Casino Resort files for closure Friday, 14 Nov 2014 | 5:59 PM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    The owner of the struggling Trump Taj Mahal Casino Resort in Atlantic City has filed court papers to close it by next month.

  • Court papers filed to close Trump Taj Mahal casino Friday, 14 Nov 2014 | 4:00 PM ET

    In filing a revised reorganization plan in Delaware bankruptcy court, Trump Entertainment Resorts said its board has approved a shutdown of the casino by Dec. 12. "The debtors have initiated appropriate steps to cease operations at the Taj Mahal consistent with that time frame," Trump Entertainment attorneys wrote. "I want them to know that the city of Atlantic...

  • Ultimate Gaming closes Nevada online poker site Friday, 14 Nov 2014 | 1:54 PM ET

    After shutting down its operations in New Jersey, the company announced Friday that it had closed its Ultimate Poker online business in Nevada, too, citing trouble making a profit as long as online gambling is limited to a pool of players in single states, so far just three nationwide. The company, owned by Las Vegas- based neighborhood casino-hotel company...

  • NBA pushes gambling     Friday, 14 Nov 2014 | 1:01 PM ET

    NBC Sports' Dave Briggs, discusses whether sports betting should be legalized in the U.S.

  • $10 Million winning poker moment     Friday, 14 Nov 2014 | 12:22 PM ET

    The 45th Annual World Series of Poker finished this week in Las Vegas. 26-Year old Swedish professional and 2014 WSOP Champion Martin Jacobson, speaks to Scott Wapner, about the moment he won.

  • NBA commissioner calls for legalized sports betting Friday, 14 Nov 2014 | 5:47 AM ET
    Adam Silver, NBA Commissioner.

    NBA Commissioner Adam Silver called on Congress to pass legislation that would let states legalize and regulate sports betting across the U.S.

  • Atlantic City casino revenue down 4.4 pct in Oct. Thursday, 13 Nov 2014 | 2:24 PM ET

    The casinos took in $207 million, compared to $216 million in October 2013. Four of the city's 12 casinos have shut down so far this year— The Atlantic Club, the Showboat, Revel and Trump Plaza. He also touted non-gambling attractions and investments as evidence that Atlantic City is transitioning from a gambling resort to a more diversified one.

  • Taxes, schools, casinos key to Christie AC plan Thursday, 13 Nov 2014 | 1:23 PM ET

    Chris Christie to help Atlantic City calls for setting predictable tax payments for casinos, temporarily freezing taxes on non-gambling property, giving schools more aid if they reduce costs and temporarily halting contributions to employee pension plans. "Extraordinary state and local support is required in the transition phase of the Atlantic City...

  • Hong Kong shares close up on casinos, financials Thursday, 13 Nov 2014 | 3:07 AM ET

    SHANGHAI, Nov 13- Hong Kong shares rose on Thursday, lifted by consumer and casino shares and buttressed by financials. Among the most active stocks in Hong Kong were Bank Of China, up 0.52 percent to HK $3.86 per share; CCT Land Holdings Ltd, unchanged at HK $0.01 per share and Icube Technology Holdings Ltd, down 9.15 percent to HK $0.13 per share.

  • Warhol, de Kooning highlight New York art auction Thursday, 13 Nov 2014 | 12:15 AM ET

    NEW YORK— Extremely rare portraits by Andy Warhol of Hollywood superstars Elvis Presley and Marlon Brando were among the highlights at a record-breaking auction of postwar and contemporary art. Warhol's "Triple Elvis" sold for $81.9 million and "Four Marlons" brought in $69.6 million Wednesday at Christie's, which said the evening sale realized $852.9...

  • Christie: Emergency manager eyed for Atlantic City Wednesday, 12 Nov 2014 | 6:00 AM ET

    ATLANTIC CITY, N.J.— An emergency manager for Atlantic City and a public-private development corporation that would spur new business activity there are among the recommendations of New Jersey Gov. Atlantic City Mayor Don Guardian was not immediately available for comment, an aide said. The governor also said another recommendation was creation of a new...

  • Mohegan Sun exec: 3rd Connecticut casino possible Wednesday, 12 Nov 2014 | 5:51 AM ET

    UNCASVILLE, Conn.— The tribal authority that runs the Mohegan Sun and rival Foxwoods Resort Casino could join forces to operate a third Connecticut casino near the Massachusetts state line to compete with new casinos opening in the Bay State, its chief executive said. Mitchell Etess, chief executive officer of the Mohegan Tribal Gaming Authority, told The Day of...

  • Somesh Agarwal, Senior Analyst at Macquarie, outlines the factors that are weighing on casino operator Genting Singapore's third quarter scorecard.

  • Nov 11- Debt-strapped casino operator Caesars Entertainment Corp has reached an agreement with key senior creditors on the outline of a restructuring plan that includes a prearranged bankruptcy for its largest unit as soon as January, Bloomberg reported, citing two people with knowledge of the negotiations. Under the plan being negotiated by first-lien...

  • Nov 11- Debt-strapped casino operator Caesars Entertainment Corp has reached an agreement with key senior creditors on the outline of a restructuring plan that includes a prearranged bankruptcy for its largest unit as soon as January, Bloomberg reported, citing two people with knowledge of the negotiations. Under the plan being negotiated by first-lien...

  • Taj Mahal asks union to drop cost-savings appeal Monday, 10 Nov 2014 | 4:16 PM ET

    ATLANTIC CITY, N.J.— The parent company of Atlantic City's Trump Taj Mahal Casino Resort gave its union an ultimatum Monday: Drop your appeal of a court-ordered cost savings package or we shut the casino down and put 3,000 workers on the street. Describing itself as "a very sick patient lying on his death bed," Trump Entertainment Resorts wrote to its 3,000 employees,...

  • 2 Mark Rothko paintings highlight New York auction Monday, 10 Nov 2014 | 10:57 AM ET

    Mellon, heir to the Listerine fortune, noted horticulturist and widow of philanthropist Paul Mellon, died in March at 103 at her Virginia estate. "Untitled," from 1955, could sell for $20 million to $30 million. Proceeds will benefit The Gerard B. Lambert Foundation, which supports The Oak Spring Garden Library in Upperville, Virginia.

  • NEW YORK, Nov 7- Salix Pharmaceuticals Ltd and mobile gaming company Zynga Inc were among the biggest movers of Friday's premarket session, with the companies holding the top two spots for active Nasdaq names. Both saw heavy trading a day after their results, with Salix plummeting and Zynga advancing. Sources familiar with the matter told Reuters that the...

  • Japan may postpone legalizing casinos indefinitely Wednesday, 5 Nov 2014 | 12:07 AM ET
    Japanese Prime Minister Shinzo Abe

    Japanese lawmakers are set to indefinitely postpone legalizing casinos as PM Shinzo Abe lacks the political leverage to pass a bill this year.

  • Can mom-and-pop gamblers save Macau? Tuesday, 4 Nov 2014 | 5:41 PM ET
    A roulette table is seen at the glitzy Venetian hotel in Macau.

    Hopes abound that mom-and-pop gamblers will sweep into Macau and save the day, but it isn't clear they can replace the VIPs who are staying away.