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Casinos and Gaming

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  • ROME, Nov 4- Shareholders in GTECH on Tuesday approved the Italian lottery group's takeover of U.S. slot-machine maker International Game Technology, a tie-up aimed at creating a global gaming company to be listed on Wall Street. The new entity will have more than $6 billion in pro-forma revenues, GTECH said in July when it announced the $4.7 billion acquisition...

  • TOKYO, Nov 4- Japanese lawmakers are set to indefinitely postpone legalising casinos as Prime Minister Shinzo Abe, whose cabinet has been hit by a series of scandals, lacks the political leverage to pass a bill this year, sources directly involved in the process said. The latest in a string of delays for the controversial bill will be a blow for Abe, who has promoted...

  • HONG KONG, Nov 4- October was the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager. October was also the fifth consecutive month of declines after two years of rapid growth which saw Macau surpass Las...

  • John Bruce, Director of Operations at Hill & Associates, discusses the more than 20 percent drop in Macau's gross gaming revenue for October.

  • Jonathan Galaviz, Partners at Global Market Advisors, describes how gaming firms can resolve the issue of falling revenue and explains why regulatory clampdown will benefit Macau in the long run.

  • Vegas bets on Massachusetts     Monday, 3 Nov 2014 | 10:00 AM ET

    Voters in Massachusetts decide Tuesday whether to repeal a law allowing casinos there, after companies like Wynn and MGM have already invested millions. Jane Wells takes a look at potential winners and losers.

  • HONG KONG, Nov 3- October is set to be the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager. October would also be the fifth consecutive month of declines after two years of rapid growth which saw Macau...

  • Preview of Macau's October gaming revenues     Sunday, 2 Nov 2014 | 8:15 PM ET

    Adrian Mowat, Managing Director, Chief Asian and Emerging Market Equity Strategist at JP Morgan, outlines the factors weighing on the revenues of Macau's gaming operators.

  • October is set to be the worst month on record for casino revenues in Macau as a result of China's war on corruption and slowing economic growth.

  • HONG KONG, Nov 3- October is set to be the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager. October would also be the fifth consecutive month of declines after two years of rapid growth which saw Macau...

  • Massachusetts vs. Vegas     Friday, 31 Oct 2014 | 2:25 PM ET

    On Tuesday, Massachusetts voters will be deciding whether or not to move forward with casino gambling. CNBC's Jane Wells looks at the impact to New England and the big Vegas casinos.

  • Wynn's big bet     Friday, 31 Oct 2014 | 1:22 PM ET

    CNBC's Jane Wells reports from Massachusetts, where Steve Wynn wants to spend $1.6 billion on a casino resort there.

  • Time for Wynn to fold in Massachusetts?     Friday, 31 Oct 2014 | 11:58 AM ET

    Steve Wynn wants to spend $1.6 billion on a casino resort in Massachusetts. CNBC's Jane Wells has the story.

  • Stock-picking poker player     Thursday, 30 Oct 2014 | 2:56 PM ET

    2013 World Series of Poker champion, Ryan Riess, reveals what stocks he is buying right now.

  • *Hong Kong gambling shares up after Wynn Macau earnings. HONG KONG, Oct 29- China and Hong Kong shares rose more than 1 percent on Wednesday, heading for a second straight day of gains, on hopes of more favorable policies from the Chinese government, with tranportation stocks leading gains for mainland equities. In Hong Kong, the Hang Seng Index advanced 1.4 percent...

  • Jersey sports bets delayed     Monday, 27 Oct 2014 | 1:29 PM ET

    Sports betting is illegal according to the Federal law in all but 4 states. CNBC's Morgan Brennan provides an update on the debate over sports betting in New Jersey.

  • Gambling blocked in NJ     Monday, 27 Oct 2014 | 10:58 AM ET

    A U.S. district judge temporarily blocked a New Jersey racetrack's plans to legalize sports betting. CNBC's Morgan Brennan discusses what's next for New Jersey's struggling gambling industry.

  • Icahn presses casino union to help save the Taj Friday, 24 Oct 2014 | 7:49 AM ET
    Carl Icahn

    Billionaire investor Carl Icahn on Friday urged Atlantic City's largest casino workers union to help save the Taj.

  • Edward Tracy, President and CEO of Sands China, believes that the casino operator's focus on mass-market gamers and non-gaming sectors bode well for its growth.

  • Rolls-Royce: The most expensive Phantom fleet ever Wednesday, 22 Oct 2014 | 11:37 AM ET
    A Rolls-Royce Phantom image from the Louis XIII order.

    Mark Ellwood of CNBC’s “The Filthy Rich Guide” weighs in on Hong Kong tycoon Stephen Hung’s order of 30 Rolls-Royce Phantoms for his Macau hotel.