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Casinos and Gaming

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  • Macau is slowing but party's not over: James Packer Tuesday, 19 May 2015 | 1:50 AM ET

    The downturn in Macau has been far sharper than anticipated, says billionaire gaming mogul James Packer, but he insists the party is not over yet.

  • Having Nobu in Melco's business mix is great: Pro

    Jonathan Galaviz, partner at Global Market Advisors, says the opening of a Nobu Hotel in the City of Dreams Manila is a great idea, but in the long run, the brand management of Nobu will be key.

  • When will City of Dreams Manila be profitable?   Monday, 18 May 2015 | 6:19 PM ET
    When will City of Dreams Manila be profitable?

    Lawrence Ho, CEO and chairman of Melco International and James Packer, chairman of Crown Resorts, outline their expectations for when the City of Dreams Manila could become profitable.

  • May 18- TPG Capital LP may have helped its own campaign to go public after pulling Par Pharmaceutical Holdings Inc's IPO. TPG was preparing to begin an IPO investor roadshow for Par Pharmaceutical Holdings before it agreed to sell the generics drugmaker to Endo International Plc for around $8 billion. Founded in 1992 by David Bonderman and James Coulter, San...

  • What you didn't know about carpets at casinos   Friday, 15 May 2015 | 2:51 PM ET
    What you didn't know about carpets at casinos

    CNBC's Jane Wells reports on how casinos replace carpets.

  • What happens to old casino carpet?   Thursday, 14 May 2015 | 1:00 PM ET
    What happens to old casino carpet?

    Why is casino carpet so busy, and what happens to the old carpet when it's replaced? The Pechanga Resort & Casino in California explains that it turns old carpet into new carpet padding.

  • That ugly casino carpet? Here's what's under it Thursday, 14 May 2015 | 12:18 PM ET
    Another busy carpet. The casino floor at Caesars Palace, Las Vegas.

    CNBC looks at those busy casino carpets and the surprising thing that is under them.

  • BOSTON, May 12- A union representing workers in New Jersey gambling hub Atlantic City said on Tuesday it asked the state's top prosecutor to investigate Herbalife Ltd, saying it is worried the nutrition supplements company could "prey" on unemployed workers in the casino industry. Unite Here Local 54 is the latest group to ask officials across the United States...

  • DOD: Employees spent $1M at strip clubs, casinos Thursday, 7 May 2015 | 12:03 PM ET
    Croupier holding cards a blackjack table

    No taxpayer dollars were spent on the transactions, and some employees have already been disciplined, officials told NBC News.

  • What happens in Vegas doesn't always stay in Vegas

    Another Las Vegas icon is gone, as the Riviera Casino closes its doors after 60 years on the strip.

  • For Macau casinos, a period of stabilization beckons?

    Grant Govertsen, managing director of Union Gaming Securities Asia, outlines the factors that could reinvigorate Macau's gaming sector.

  • 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...