GO
Loading...

Casinos and Gaming

More

  • Hard Rock gets preliminary OK to enter New Jersey market Thursday, 29 Jan 2015 | 11:51 AM ET

    ATLANTIC CITY, N.J.— The company that has populated the globe with Hard Rock casinos and restaurants received preliminary approval to enter the Atlantic City casino market. And although the approval does not yet extend to other areas of the state where casinos may someday be legal, Seminole Hard Rock Entertainment is looking at the Meadowlands outside New York...

  • Las Vegas Sands beats, still keen on Macau Thursday, 29 Jan 2015 | 10:47 AM ET
    Las Vegas Sands Corp, The Venetian.

    The casino empire's executives assured analysts Wednesday that tales of Macau's demise are unfounded.

  • Penn National Gaming reports 4Q loss Thursday, 29 Jan 2015 | 9:48 AM ET

    WYOMISSING, Pa. _ Penn National Gaming Inc. on Thursday reported a loss of $250.4 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share. Penn National Gaming shares have risen 14 percent since the beginning of the year.

  • Mohegan Sun casinos report 1Q rise in revenue, profit Thursday, 29 Jan 2015 | 9:01 AM ET

    HARTFORD, Conn.— The Mohegan Sun casinos, threatened by increasing competition and battered by the worst recession in decades and consumers reluctant to spend money in a weak recovery, delivered some good news Thursday as it reported increases in first-quarter revenue and profit. Revenue rose at the Mohegan Tribal Gaming Authority, the parent company of the...

  • 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...