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Casinos and Gaming

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  • South Korea casinos court China's 'low-rollers' Monday, 4 May 2015 | 8:36 PM ET

    Seoul's foreigners-only casinos are targeting a new breed of 'low-roller' gamblers – Chinese shoppers.

  • Macau's gaming sector hinges on Beijing: Pro   Monday, 4 May 2015 | 6:49 PM ET
    Macau's gaming sector hinges on Beijing: Pro

    Jonathan Galaviz, partner at Global Market Advisors, says the performance of Macau's casino industry is based on politics rather than economic analysis.

  • SEOUL/ HONG KONG, May 5- The dealing rooms of Seoul's foreigners-only casinos are echoing to the sound of Mandarin as operators target a new breed of' low-roller' gamblers- Chinese shoppers. In places like Paradise Walkerhill in Seoul, Paradise Co Ltd, South Korea's biggest casino firm, is targeting people like Chen Jie Yi, a 27- year-old from Beijing on a recent tour...

  • HONG KONG, May 4- Macau casino stocks have lost as much as half their value over the past year as China's anti-corruption crackdown scares away wealthy VIP punters, but some investors say their faith in long-term gambling demand from the mainland remains unshaken. Industry moguls like Wynn Resorts' Steve Wynn and Las Vegas Sands' Sheldon Adelson have noted the...

  • Macau casino stocks have sunk over the past year because of China's anti-graft crackdown, but some investors hold faith in long-term gambling demand.

  • HONG KONG, May 4- Macau casino stocks have lost as much as half their value over the past year as China's anti-corruption crackdown scares away wealthy VIP punters, but some investors say their faith in long-term gambling demand from the mainland remains unshaken. Industry moguls like Wynn Resorts' Steve Wynn and Las Vegas Sands' Sheldon Adelson have noted the...

  • Overhyped? Mayweather-Pacquiao loses some steam Friday, 1 May 2015 | 11:39 AM ET
    Workers install signs for an upcoming bout at the MGM Grand Garden Arena, April 27, 2015, in Las Vegas. Floyd Mayweather Jr. and Manny Pacquiao are scheduled to fight May 2.

    Sky-high ticket prices and hotel room rates are starting to come down, though they remain inflated beyond anything Vegas has ever seen.

  • Steve Wynn's stack on chips   Thursday, 30 Apr 2015 | 6:19 AM ET
    Steve Wynn's stack on chips

    CNBC's Eunice Yoon sits down with Steve Wynn of Wynn Resorts, to discuss the state of Macau, growth in Las Vegas, and the public dispute over the removal of his ex-wife from the board.

  • CHICAGO, April 29- A judge on Wednesday allowed the operating unit of Caesars Entertainment Corp to control its bankruptcy for another month, as creditors try to reach common ground with a court-appointed investigator probing the company's pre-bankruptcy dealings. An independent examiner has been tapped to investigate whether the company's equity...

  • US STOCKS-Wall St ends down after Fed statement, GDP data Wednesday, 29 Apr 2015 | 4:32 PM ET

    "We all know the Fed would love to start normalizing rates, but the simple fact is, the data does not warrant that action right now," said Wayne Kaufman, chief market analyst at Phoenix Financial Services in New York. Insurer Humana's shares fell 7.2 percent to $168.05, the second-biggest loser on the S&P 500, after results missed forecasts. Shares of rivals also fell,...

  • Turnaround for Macau gaming sector? Not yet: Pro   Tuesday, 28 Apr 2015 | 11:35 PM ET
    Turnaround for Macau gaming sector? Not yet: Pro

    Jackson Wong, associate director at United Simsen Securities, says Macau's gaming revenue will remain in a downtrend, but investors who are holding on to related stocks should wait it out.

  • Derby tickets feeling no pain from big fight Tuesday, 28 Apr 2015 | 4:52 PM ET
    Churchill Downs

    Sharing the spotlight with other marquee sorting events, including boxing's biggest fight in years, have not hurt Kentucky Derby ticket prices.

  • Debate: Bet on Las Vegas Sands?   Thursday, 23 Apr 2015 | 12:30 PM ET
    Debate: Bet on Las Vegas Sands?

    Las Vegas Sands is taking a hit after weak earnings. Dr. J is a bull and would buy the stock on dips.

  • Tracking Asia's casino gaming industry   Sunday, 19 Apr 2015 | 9:38 PM ET
    Expectations for new casino projects in Asia

    Michael Paladino, Real Estate & Leisure Team Head at Fitch Ratings, discusses the outlook for Macau's gaming sector and how new casinos in Southeast Asia are benefiting.

  • ST. LOUIS, April 15- The U.S. Treasury Department's anti-money laundering unit may soon issue a civil penalty to Caesars Entertainment Corp over anti-money laundering lapses unearthed during a probe underway for roughly two years, two sources familiar with the matter. The sources added that the Justice Department, which had also been probing the casino...

  • Casino stocks: hold or fold?   Wednesday, 15 Apr 2015 | 2:13 PM ET
    Casino stocks: hold or fold?

    Jon Oh, CLSA, discusses casino concerns in Macau.

  • 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.

  • 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.

  • 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.

  • 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.