CNBC's Robert Frank reports on what three things that billionaires have in common.» Read More
HONG KONG, Oct 4- Gambling revenue in Macau rose a weaker-than-expected 12.3 percent in September, indicating China's slowing economy is increasingly hurting the appetite of wealthy mainland gamblers to place bets in the world's largest casino market.
But the chief executives of Las Vegas- based MGM Resorts International and Las Vegas Sands Corp. differed during a keynote panel discussion with four other industry leaders at the Global Gaming Expo about whether states or the federal government are best able to provide oversight.
Days after joining the Romney ticket, Rep. Paul Ryan met with Sheldon Adelson, the casino mogul who has pledged to spend up to $100 million to defeat President Obama, The New York Times reports.
President Obama was once the fundraiser-in-chief. Now, he faces the very real threat of being the first president to be outspent by a challenger.
While Mark Zuckerberg’s daily wealth gyrations may be new, the phenomena of sudden wealth loss is not. It is now part of the world of wealth, where a growing number of personal fortunes are made and lost in the volatile stock market.
Mitt Romney’s carefully tended network of Republican donors has been rendered functionally less important by “super PACs,” through which some wealthy individuals are financing a costly advertising barrage to attack his record, The New York Times reports.