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Casinos and Gaming


  • 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.

  • King Digital beats Street 1Q forecasts Thursday, 14 May 2015 | 6:09 PM ET

    DUBLIN _ King Digital Entertainment PLC on Thursday reported first-quarter net income of $164.1 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Four analysts surveyed by Zacks expected $592.5 million.

  • 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.

  • Somerset developers withdraw from casino race Thursday, 14 May 2015 | 12:31 PM ET

    BOSTON— Developers of a proposed Somerset casino have withdrawn from the competition for Massachusetts' third and final resort casino license, leaving two proposals in the running: one for New Bedford's waterfront and another for the Brockton Fairgrounds. With Somerset officially out of the competition, attention now shifts to New Bedford and Brockton.

  • 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.

  • The Las Vegas Strip hotel-casino that once hosted Frank Sinatra, Liberace and other big-name performers closed May 4, and a liquidation sale opened to the public there Thursday. The Riviera Hotel and Casino's new owners— the Las Vegas Convention and Visitors Authority— plan to demolish the 60- year-old building by year's end and replace it with an expanded...

  • Internet gambling revenue increases after a slow start Wednesday, 13 May 2015 | 2:13 PM ET

    ATLANTIC CITY, N.J.— Internet gambling revenue is showing some encouraging gains in New Jersey after a fairly slow start. Revenue figures released Wednesday by the state Division of Gaming Enforcement show Atlantic City's casinos won $12.6 million from customers gambling online in April, up more than 11 percent compared to a year ago. Overall, including...

  • Cincinnati racino off to slow start in first year Wednesday, 13 May 2015 | 10:57 AM ET

    CINCINNATI— Officials with the year-old race track and casino facility in eastern Cincinnati said they are disappointed with its revenues, which accounted for the smallest slice of Ohio's $1.5 billion gambling market. Belterra Park Gaming has averaged $4.6 million in revenue each month, but officials hoped those figures would reach at least $7.5 million,...

  • 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...

  • LAS VEGAS— Caesars Palace could face paying between $12 million and $20 million worth of fines stemming from a federal investigation into how the casino prevents or detects money laundering. Officials with Las Vegas- based Caesars Entertainment Corp. met with the federal agencies involved in the investigation on April 29 when settlement proposals were...

  • The southeastern Massachusetts city, perhaps best known as the hometown of boxing great Rocky Marciano, is holding a special election Tuesday on the proposal, which calls for a red brick casino complex housing a 225- room hotel, an event center and a number of restaurants on about 45 acres. The Brockton plan is competing with proposals in New Bedford and Somerset...

  • Hooters Casino Hotel sold for $70 million Monday, 11 May 2015 | 3:48 PM ET

    LAS VEGAS— A real estate broker representing the owners of the Hooters Casino Hotel said the property near the Las Vegas Strip has sold for about $70 million to a New York- based hotel investment company. Michael Parks with CBRE Group in Las Vegas confirmed Monday the 696- room casino-hotel off Tropicana Avenue was sold May 1 to Trinity Hotel Investors LLC.

  • 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.