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Casinos and Gaming

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  • Wynn, gambling regulators sign casino license Wednesday, 17 Sep 2014 | 10:35 AM ET

    BOSTON— Wynn Resorts and Massachusetts gambling regulators finalized the license Wednesday for a $1.6 billion casino outside Boston. Wynn brings a track record of success in competitive gambling jurisdictions, including Las Vegas and Asia, said James McHugh, acting commissioner of the Massachusetts Gaming Commission.

  • Wynn's $1.6B resort wins Boston casino license Tuesday, 16 Sep 2014 | 2:34 PM ET

    BOSTON— Wynn Resorts has bested Mohegan Sun for the lucrative Boston- area casino license, based largely on the strength of its $1.6 billion project's economic development potential.

  • Bearish bet on casinos     Tuesday, 16 Sep 2014 | 12:12 PM ET

    Wells Fargo released a bearish report on Macau as revenues fell for the third consecutive month, reports CNBC's Morgan Brennan.

  • Trump tweets: I may buy back in to save Plaza & Taj Tuesday, 16 Sep 2014 | 8:37 AM ET

    Donald Trump on Tuesday took to social media to say he's considering buying back into bankrupt casinos Trump Plaza and Trump Taj Mahal.

  • Atlantic City's Trump Plaza closes its doors     Tuesday, 16 Sep 2014 | 8:25 AM ET

    The casino crisis continues in Atlantic City, reports "Squawk Box's" Becky Quick.

  • Trump Plaza: 4th Atlantic City casino shutdown Tuesday, 16 Sep 2014 | 6:59 AM ET
    The Trump Plaza ,which is scheduled to close, is viewed in Atlantic City on July 30, 2014 in Atlantic City, New Jersey.

    A fourth Atlantic City casino is going out of business.

  • Pimco's best investment ideas right now Monday, 15 Sep 2014 | 4:30 PM ET
    A Pacific Investment Management Company advertisement is displayed on a building in Hong Kong, China.

    Here are the names that Pimco's Mark Kiesel believes are the best investment opportunities right now.

  • Judge OKs auction for closed $2.4B Revel casino Monday, 15 Sep 2014 | 3:37 PM ET

    CAMDEN, N.J.— A bankruptcy court judge on Monday approved a Sept. 24 auction for the failed $2.4 billion Revel Casino Hotel in Atlantic City after a Florida developer offered $90 million cash for the closed building. Judge Gloria M. Burns approved the auction date along with a $3 million breakup fee that Straub would be paid if the sale to him doesn't go through.

  • Sept 15- The bankrupt Revel casino hotel in Atlantic City will go to auction on Sept. 24, a judge ruled on Monday, after the only bidder clashed with creditors who wanted to slow the rushed sale.

  • Buffett can also pick 'em in Vegas Monday, 15 Sep 2014 | 10:45 AM ET
    Berkshire Hathaway Chairman and CEO Warren Buffett arrives at the Berkshire Hathaway shareholders meeting in Omaha, Neb.

    While at the MGM Grand for the Floyd Mayweather fight, billionaire investor Warren Buffett decided to branch out from stock picks and bet on a sports book.

  • Trustee objects to parts of proposed Revel deal Saturday, 13 Sep 2014 | 12:05 PM ET

    ATLANTIC CITY, N.J.— The proposed auction date for the Revel Casino Hotel is too soon and a $3 million breakup fee that would go to a Florida developer if he's outbid for the recently shuttered site is inappropriate, a U.S. Bankruptcy Court trustee said.

  • Atlantic City casino revenues down 1.2 percent Friday, 12 Sep 2014 | 2:38 PM ET

    ATLANTIC CITY, N.J.— Atlantic City's casino revenue declined by 1.2 percent in August compared with a year ago as another gambling hall shut down at the end of the month. Figures released by the New Jersey Division of Gaming Enforcement began to show the impact Atlantic City's casino consolidation is having on the market's revenue stream.

  • Why fund managers are sad you're not on vacation Thursday, 11 Sep 2014 | 4:17 PM ET

    NEW YORK— Your stock-fund manager wishes you'd buy more fun things. Most mutual funds are failing to keep up with broad market indexes again.

  • ATLANTIC CITY, N.J., Sept 10- MGM Resorts International won regulatory permission on Wednesday to re-enter the Atlantic City casino market after a 20- month investigation focusing on the company's ties to Pansy Ho, the richest woman in Hong Kong, who New Jersey gaming regulators considered an unsuitable partner.

  • Sept 10- Atlantic City's Revel casino-hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, a fraction of the billions of dollars it cost to build.

  • Revel says it has $90M offer to buy closed casino Wednesday, 10 Sep 2014 | 6:49 PM ET

    ATLANTIC CITY, New Jersey— A Florida developer has offered $90 million for the Revel Casino Hotel that shut down last week, lawyers for the resort said Wednesday in court documents. The casino said in the bankruptcy court filing that Glenn Straub's Polo North Country Club, Inc., made the cash bid for the $2.4 billion resort.

  • Sept 10- Atlantic City's Casino Hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, according to court documents on Wednesday.

  • New Jersey lets MGM keep half of Borgata casino Wednesday, 10 Sep 2014 | 5:56 PM ET

    ATLANTIC CITY, New Jersey— New Jersey casino regulators on Wednesday let MGM Resorts back into the Atlantic City casino market. MGM decided in 2010 to sell its stake and leave New Jersey rather than cut ties to an Asian business partner in Macau, but a buyer was never found.

  • Trump Entertainment begins race to save AC casino Wednesday, 10 Sep 2014 | 2:21 PM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    Trump Ent. received bankruptcy approval for an deal that gives it 30 days to craft a turnaround plan to save its Taj Mahal casino-hotel.

  • Donald Trump poised for Atlantic City comeback     Wednesday, 10 Sep 2014 | 11:30 AM ET

    Donald Trump may return to Atlantic City to bail out two struggling casinos that bear his name. CNBC's Morgan Brennan reports.