Crown Resorts said first-half net profit fell by more than a fifth as a corruption crackdown continued to hammer turnover at its resorts in Macau.
The "Fast Money" traders have their eye on some bets based on the idea that Asian gaming hub Macau may be stabilizing.
The theft of millions of dollars from investors in a Macau junket operator has hastened the demise of the gaming hub's main business model.
Lawrence Ho is launching a $3.2B Macau entertainment complex at the time when gaming revenues at the casino mecca are weakening.
Macau's attempts to diversify away from gambling have yet to yield much success, raising concerns whether the city can become a broader tourist venue.
Asian travel hotspots may be counting on an ever-growing horde of Chinese tourists for growth, but the weaker yuan may choke off the flow of travelers.
James Packer has stepped down as Crown chair, spooking investors after the casino operator said a fall in Macau earnings pushed FY net profit down 41 percent.
Asian equities declined on Tuesday, as China's inflation data and the prospect of higher U.S. interest rates weighed on sentiment.
As revenue plummets in China's only legal gambling hub, global casino operators have a new mantra: what happens in Vegas, must also happen in Macau.
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.
Chinese shares plummeted on Tuesday, while their counterparts in Sydney witnessed volatile trade following the Reserve Bank of Australia's rate cut.
Asian stocks mostly advanced on Thursday despite data showing China's factory activity at a one-year low.
Indian shares led gains in Asia Wednesday after a surprise rate cut by the Reserve Bank of India, while the rest of the region traded mixed.
Michael Van Cleef Ault, owner of Pangaea nightclub in Sinapore is now betting that Manila's casinos will be able to draw the rich through his doors.
Asian equities turned mixed amid choppy trade on Wednesday after China's manufacturing sector surprised markets with growth for the first time in three months.
Asian markets opened mixed on Friday as a stronger yen curbed risk appetite in Tokyo, while a strong close on Wall Street boosted sentiment elsewhere.
The "Halftime Report" traders give their final trades of the show.
Xi Jinping warned Macau that it needs to be about more than baccarat. Now, the reform drive has new champions - the casino operators.
With the prospect of a recovery increasing, some analysts say now's the time to scoop up battered Macau casino plays.
Macau casino operator Melco Crown's planned exit from the Hong Kong stock market sparked fears about the health of casinos operating in the world's largest gambling hub, but experts dismissed worries of a domino effect.