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Casinos and Gaming

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  • Sports betting mutual fund Thursday, 25 Jun 2015 | 2:52 PM ET
    Sports betting mutual fund

    Insight to a bill which makes it legal for out-of-state residents to have access to the states licensed sports books through sports betting investment funds, with Quinton Singleton, CG Technology VP.

  • MGM asks to delay opening Massachusetts casino by a year Thursday, 25 Jun 2015 | 12:19 PM ET

    BOSTON— MGM wants to delay the opening of its planned resort casino in western Massachusetts by a year because of a major highway project taking place nearby. The Las Vegas casino giant Thursday submitted a revised project schedule Thursday to the state Gaming Commission that calls for construction to be completed in August 2018 and the casino to officially...

  • *SEC says freezes assets of Luo Haijian, CEO of 4399 Co Ltd. In a New York court filing, the SEC says 33- year old Luo, who is the chief executive of 4399 Co Ltd, bet Qihoo's stock price would rise in the short term by purchasing $700,000 of "out of the money" call options through a U.S. brokerage account prior to the buyout announcement. "The suspicious timing and size of Luo's...

  • Atlantic City rescue bills approved, sent to Christie Thursday, 25 Jun 2015 | 1:44 AM ET

    TRENTON, N.J.— New Jersey lawmakers passed a package of bills Thursday to help Atlantic City and its struggling casinos and schools, and sent it to Gov. The most important of the five bills approved by the state Senate would let Atlantic City's eight casinos make payments in lieu of taxes for 15 years, allowing the gambling halls to know exactly how much they owe...

  • Bill to permit smaller Atlantic City casinos advances Wednesday, 24 Jun 2015 | 11:31 AM ET

    ATLANTIC CITY, N.J.— New Jersey is moving forward with its plan to allow smaller casinos in Atlantic City. The changes come as Atlantic City lost four of its 12 casinos last year. "High-end casinos with a price tag of $1 billion or $2 billion have gone extinct in Atlantic City, crushing the economy and forcing thousands of workers into unemployment," said Deputy...

  • Massachusetts' first slots parlor is open for business Wednesday, 24 Jun 2015 | 2:03 AM ET

    PLAINVILLE, Mass.— Massachusetts jumped into the casino game Wednesday as the state's first slots parlor opened for business to a large and eager crowd of gamblers. state Gaming Commission Chairman Stephen Crosby declared, calling it a "momentous" day for Massachusetts, which became the 40th state to offer casino gambling. Massachusetts has been lagging way...

  • China's correction may be a turning point: Pro Sunday, 21 Jun 2015 | 6:48 PM ET
    China's correction may be a turning point: Pro

    Henry To, partner and chief investment officer at CB Capital Advisors, says valuations underpin his bullish view on China's A-shares in the long run.

  • A poker tourney win is nice. $310K extra is better Wednesday, 17 Jun 2015 | 11:00 AM ET
    World Series of Poker

    Side bets are common among professional card sharks in the pro poker world, but they're not often talked about. Until now.

  • June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by actual noteholders, which include the...

  • June 16- Tracinda Corp, the holding company founded by Kirk Kerkorian, said the billionaire's will requires the company to dispose of its stake in casino operator MGM Resorts International. Based on MGM Resorts' 563 million shares outstanding as of May 5, the stake was worth $1.75 billion as of Monday. Kerkorian, who founded MGM Resorts and was its largest...

  • June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its controversial plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by the actual noteholders, which...

  • Philippines: Asia's next gaming hotspot? Sunday, 14 Jun 2015 | 8:40 PM ET
    Philippines: Asia's next gaming hotspot?

    In this special report titled "Global Opportunities Philippines", CNBC's Pauline Chiou looks at whether the Philippines has what it takes to become Asia's next gaming hub.

  • Hard Rock plans NJ casino Wednesday, 3 Jun 2015 | 2:43 PM ET
    Hard Rock plans NJ casino

    Hard Rock and the Meadowlands racetrack are unveiling plans to develop a casino in northern New Jersey. Jim Allen, Hard Rock chairman, explains how the tax revenues from the new casino can help Atlantic City.

  • IRS eyeing casino winnings Wednesday, 3 Jun 2015 | 8:30 AM ET
    IRS eyeing casino winnings

    The IRS has its eye on casino and bingo winnings.

  • What's hurting casino operator Genting Singapore Tuesday, 2 Jun 2015 | 6:34 PM ET
    What's hurting casino operator Genting Singapore

    Somesh Agarwal, senior analyst at Macquarie Securities Group, attributes his poor outlook for Genting Singapore in the medium term to factors such as bad VIP gambling debts.

  • All bets off for this gaming stock: Analyst Friday, 29 May 2015 | 8:00 AM ET
    Trader on the floor of the New York Stock Exchange.

    The charts suggest much more downside for the worst performing stock in the Nasdaq 100, says technician Richard Ross.

  • Trading Nation: Wynn on losing streak Thursday, 28 May 2015 | 2:36 PM ET
    Trading Nation: Wynn on losing streak

    The play on Wynn Resorts, with Harry Curtis, Nomura; and Richard Ross, Evercore ISI; and Brian Sullivan.

  • Galaxy's new Macau resorts are positive: Pro Wednesday, 27 May 2015 | 9:22 PM ET
    Galaxy's new Macau resorts are positive: Pro

    John Bruce, director of Operation, Macau at Hill & Associates, discusses his experience at the opening of Galaxy Entertainment Group's two new casino resorts in Macau.

  • Is diversification the answer to Macau's woes? Wednesday, 27 May 2015 | 6:36 PM ET
    Is diversification the answer to Macau's woes?

    Casinos in Macau have "no choice but to diversify their offerings" so as to attract tourists from Greater Asia, says Jonathan Galaviz, partner at Global Market Advisors.

  • CHICAGO, May 27- The operating unit of Caesars Entertainment Corp received court approval on Wednesday to remain in control of its bankruptcy for another six months. Bankruptcy Judge Benjamin Goldgar in Chicago allows the country's largest casino operator to pursue its plan for cutting its $18 billion debt without the threat of a rival plan from creditors.