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  • NEW YORK, Feb 24- The shuttered Revel Casino Hotel in Atlantic City has struck an amended $82 million deal with Florida developer Glenn Straub's Polo North, according to a statement by its parent company. Polo North has increased its $10 million deposit to the full $82 million purchase price, the statement said. Last month, a U.S. bankruptcy judge approved the sale...

  • ATLANTIC CITY, N.J.— A Florida developer agreed to buy Atlantic City's former Revel Casino Hotel for $82 million on Tuesday, a week after a bankruptcy judge declared his former deal to buy it at a higher price dead. Glenn Straub's new contract gives him a discount from the $95.4 million his Polo North Country Club would have had to pay under the deal killed by the...

  • HONG KONG, Feb 24- A six-session winning streak for Hong Kong stocks ended on Tuesday, as HSBC Plc and casino shares sank while some investors locked in gains ahead of major 2014 earnings reports later this week. Hong Kong- listed shares of HSBC dropped 3.5 percent in their biggest fall in 18 months after the UK emerging markets-focused bank reported a...

  • *HSBC's Hong Kong shares fall 4 pct, at lowest since Sept 2012. HONG KONG, Feb 24- Hong Kong stocks fell on Tuesday, with HSBC Plc leading the slide after disappointed earnings, and casino stocks were under pressure as investors locked in gains while awaiting earnings reports from blue chips later this week. The China Enterprises Index of the top Chinese listings in...

  • Alex Bumazhny, analyst at Fitch Ratings, says the mainland's corruption crackdown is driving high rollers to the casinos in Australia, instead of Singapore.

  • ALBANY, N.Y.— New York Attorney General Eric Schneiderman is investigating the state's recent casino selection process for potential conflicts of interest, according to a developer whose bid for a license fell short. A state selection board in December recommended three winning casino proposals in the Catskills, Schenectady and the Finger Lakes.

  • HONG KONG, Feb 23- Hong Kong shares ended little changed on Monday, with gains in Tencent Holdings offsetting weakness in casino operators and oil firms and as most investors stuck to the sidelines awaiting major corporate earnings later in the week. Conglomerate Hutchison Whampoa as well as property firms including Cheung Kong, Sun Hung Kai Properties and New...

  • *HSBC to announce earnings on Monday, Cheung Kong later the week. HONG KONG, Feb 23- Hong Kong shares dipped on Monday, with oil firms and casino operators leading the slide, as investors awaited direction from major corporate earnings later the week, marking a weak start to the Year of Goat. Property group Cheung Kong and conglomerate Hutchison Whampoa are set to...

  • How casino operators can achieve sustainability  Sunday, 22 Feb 2015 | 9:30 PM ET

    Jon Oh, Research Analyst at CLSA, outlines the need for casino operators to focus on China's middle class. He later discusses his expectations for Genting Singapore's earnings.

  • LAS VEGAS— Within six months, the Riviera hotel and casino on the Las Vegas Strip will be history now that the Las Vegas Convention and Visitors Authority has approved a deal to buy it and demolish it. The agency's board members voted unanimously Friday with one member absent to spend up to $191 million to buy the 26- acre property on the north end of the Strip to make...

  • Beijing's glare deepens crisis in Macau Wednesday, 18 Feb 2015 | 4:00 PM ET

    *VIPs avoid Macau during Beijing corruption crackdown. *60-70 percent of Macau casino revenues from high rollers. MACAU/ ZHUHAI, China, Feb 19- China's crackdown on corruption and conspicuous consumption is ever more visible in its impact on Macau, the world's biggest gambling hub, which makes most of its money from the high rollers who are staying away to avoid...

  • Bet on casino stocks: Pro  Tuesday, 17 Feb 2015 | 2:15 PM ET

    Joseph Greff, JPMorgan, looks at MGM and whether casino stocks are worth betting on.

  • LONDON, Feb 16- Twenty-something consumers raised on video games such as Grand Theft Auto and Angry Birds are being wooed by financial trading apps, keen to build bridges with a post-crisis generation that is disinterested in financial services or plain mistrustful. While financial trading is a niche slice of the $15 billion mobile gaming industry, dominated...

  • Feb 12- The fickleness of the gaming industry was on full display in the earnings reports of "FarmVille" creator Zynga Inc and "Candy Crush" maker King Digital Entertainment Plc. Zynga's shares fell 10 percent while King Digital's soared 18 percent in extended trading on Thursday after the companies reported contrasting fortunes in a key industry metric.

  • Feb 11- The parent of Trump Taj Mahal, one of Atlantic City, New Jersey's struggling casinos, has settled U.S. government charges that it violated federal laws designed to thwart money laundering, court filings show. Trump Taj Mahal Associates LLC agreed to the assessment of a $10 million civil penalty by the Treasury Department's Financial Crimes Enforcement...

  • WILMINGTON, Del., Feb 10- The Revel Casino Hotel in Atlantic City, New Jersey, asked a U.S. bankruptcy judge to end its agreement to sell the gambling complex to Florida developer Glenn Straub for $95.4 million, according to a Tuesday court filing. The hotel's legal team also asked Judge Gloria Burns in Camden, New Jersey, for permission to keep Straub's $10 million...

  • Kaboom! Shuttered Las Vegas casino implodes  Tuesday, 10 Feb 2015 | 4:15 AM ET

    The Clarion Hotel and Casino just off of the Las Vegas strip collapses in a controlled demolition early this morning. The 202-room hotel opened in 1970, and has been known as the Debbie Reynolds, Greek Isles, Paddlewheel, Royal Americana and Royal Inn, and closed its doors to the public last year.

  • CAMDEN, N.J., Feb 9- A lawyer representing the buyer of the bankrupt Revel Casino in Atlantic City said his client would miss a midnight Monday deadline to complete the purchase, amid concerns over precisely what his client is buying. Florida developer Glen Straub wanted to buy the casino without any obligation to existing leases held by the bars, clubs and...

  • Feb 8- A federal judge in New Jersey on Sunday called a temporary halt to the pending sale of bankrupt Revel Casino in Atlantic City and scheduled a hearing on Monday on a motion to block some of the terms of the $94.5 million deal. U.S. District Court Judge Jerome B. Simandle ordered an emergency hearing for 3 p.m. in the proposed sale of the property to Florida...

  • In Macau, casino titans join China reform wagon Sunday, 8 Feb 2015 | 6:18 PM ET

    Xi Jinping warned Macau that it needs to be about more than baccarat. Now, the reform drive has new champions - the casino operators.