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  • DAYTON, Ohio— A group of business, labor and education officials have filed a brief in support of Ohio casinos and racinos. The brief was submitted to the Ohio Supreme Court this week by the Dayton Area Chamber of Commerce along with the Youngstown/ Warren Regional Chamber, police and trade unions and Lebanon City School District. John Kasich acted...

  • Are Singapore’s casinos back in the game? Thursday, 29 Jan 2015 | 2:50 AM ET

    Singapore's casinos haven't lived up to the hype, but Marina Bay Sands results suggest those writing off growth may need to write it back in.

  • Las Vegas Sands' profits were 'deceiving': Fitch  Wednesday, 28 Jan 2015 | 10:44 PM ET

    Michael Paladino, Senior Director of Gaming, Lodging & Leisure at Fitch Ratings, explains why the results of Singapore's Marina Bay Sands need to be "normalized for luck and tax benefits."

  • Behind the 25% rise in Las Vegas Sands Q4 profit  Wednesday, 28 Jan 2015 | 8:35 PM ET

    Jonathan Galaviz, Partner at Global Market Advisors, says Las Vegas Sands is doing a good job in controlling expenses and deploying strategies to counter anti-graft activities in Macau.

  • LAS VEGAS— Macau couldn't bring the Las Vegas Sands' spirits down. "The new Macau is a little different than the old Macau, but still a wonderful Macau," said Robert Goldstein, Las Vegas Sands president and chief operating officer during the call. Las Vegas Sands reported higher fourth-quarter net income of $721.3 million and annual profit of $2.84 billion.

  • Jan 28- The bankruptcy of the operating unit of Caesars Entertainment Corp's will proceed in Chicago, a victory for the casino company's private equity backers over its hedge fund creditors who wanted the case in Delaware. Bankruptcy Judge in Delaware sent shares of parent company Caesars Entertainment, which is controlled by Apollo Global Management and...

  • WILMINGTON, Del, Jan 27- The operating unit of Caesars Entertainment Corp will learn Wednesday whether its bankruptcy will proceed in Chicago, where the casino company filed for Chapter 11 this month, or in Delaware, a U.S. bankruptcy judge in Delaware said on Tuesday. Allowing the case to proceed in Chicago would be a victory for Caesars private equity backers,...

  • The New Jersey Casino Control Commission will hold a special meeting Thursday to consider preliminary approval for the company to own a casino in Atlantic City. But in a regulatory filing, Hard Rock said it has had "a long-standing interest" in the Atlantic City market. Hard Rock said it "remains interested in the Atlantic City casino industry and may, if found...

  • HANOI, Vietnam— A recently announced government decision to allow a casino on Vietnam's biggest island drew mixed reactions Friday from citizens, who weighed its potential economic benefits against its perceived social vices. Vietnam has several casinos, but they are reserved for foreigners. Tran Thi Viet Huong of Viettravel, one of Vietnam's major tour...

  • ATLANTIC CITY NJ/ NEW YORK Jan 22- A new emergency management team for the casino resort town Atlantic City said it would take about six months for a turnaround plan to show results but it was' premature' to talk about bankruptcy for the city, which has seen gaming revenues decimated. New Jersey Governor Chris Christie on Thursday appointed a turnaround team,...

  • ATLANTIC CITY, NJ/ NEW YORK Jan 22- New Jersey Governor Chris Christie on Thursday appointed a turnaround team, including former Detroit emergency manager Kevyn Orr, for Atlantic City in a step the struggling casino town has resisted. The team will be led by Emergency Manager Kevin Lavin, who previously worked for business and turnaround consultancy FTI.

  • Wynn Resorts unveils redesign of Massachusetts casino Thursday, 22 Jan 2015 | 2:03 AM ET

    BOSTON— Wynn Resorts unveiled a long-awaited redesign of its proposed Massachusetts casino on Thursday, giving state regulators a glimpse at a gently curving bronze glass hotel tower resembling those of its signature resorts in Las Vegas and Macau. Wynn won the Boston- area's lone casino license with a proposed $1.6 billion complex on roughly 33 acres on the...

  • Judge: Revel sale to Florida developer can proceed Wednesday, 21 Jan 2015 | 9:10 AM ET

    ATLANTIC CITY, N.J.— The Florida developer in line to buy Atlantic City's former Revel casino hotel is threatening to walk away from the deal if a court ruling goes against him. Straub's attorney, Stuart Moskovitz, says the developer may cut his losses at the $10 million deposit and related costs incurred, and abandon the deal, just as a Canadian firm originally...

  • Jan 20- Casino operator Wynn Resorts Ltd has slashed Chief Executive Steve Wynn's salary to $2.5 million per year from $4 million, a regulatory filing showed. Wynn, 72, is worth $3.5 billion, according to Forbes magazine. He will also now have to pay to use the company jet for personal purposes, though the filing outlined a $250,000 credit per year that he will...

  • DES MOINES, Iowa— Iowa lawmakers in both the House and Senate are proposing legislation that would force casinos to comply with the state's smoking ban. Casino floors in Iowa are now exempt from following a 2008 law that prohibits smoking in public places. Herman Quirmbach of Ames would eliminate that exemption.

  • RENO, Nev.— JetBlue Airways' plans for the first, daily non-stop flights linking Reno and New York City have local business and tourism officials excited about the potential impact on the region's broader economy. "This is more significant than just having a new flight," said John Farahi, CEO of Monarch Casino& Resort Inc., which operates the 824- room Atlantis Casino...

  • HONG KONG, Jan 16- One of Macau's largest junkets plans to shut its local VIP rooms in the next few months, Nomura researchers said, as casino revenues in the world's biggest gaming hub take a hit from China's campaign against graft and conspicuous spending. David Group's market share of Macau's VIP market is 3-5 percent, Nomura said in a research note, citing data...

  • WILMINGTON, Delaware/ CHICAGO Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday in Chicago to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started. The bankruptcy was filed overnight by Caesars Entertainment Operating Company Inc and 179...

  • Caesars unit files Chapter 11  Thursday, 15 Jan 2015 | 10:53 AM ET

    Caesars Entertainment put its largest unit into bankruptcy, reports CNBC's Morgan Brennan.

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt, but faced an immediate challenge over where the case should proceed. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and scores of affiliates...