Casinos and Gaming Steve Wynn

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  • HONG KONG, Feb 1- Gambling revenues for the Chinese territory of Macau dropped 21.4 percent in January, ahead of a Lunar New Year week-long holiday which is expected to boost the number of visitors to the world's largest casino hub. Macau, which relies on the casinos for revenue, has been battered by a two-year-old anti-corruption campaign and slowing growth in...

  • Bet on gaming: 4 trades on casino stocks Wednesday, 27 Jan 2016 | 7:07 PM ET

    The "Fast Money" traders have their eye on some bets based on the idea that Asian gaming hub Macau may be stabilizing.

  • HONG KONG, Jan 1- Gambling revenue in the Chinese territory of Macau fell for the second year in a row in 2015 as a prolonged anti-corruption campaign and slowing economic growth battered the world's largest casino hub. Las Vegas magnates Steve Wynn and Sheldon Adelson are set to open resorts in 2016 catering to China's burgeoning middle class, with attractions...

  • The globalization of the past 25 years has been kind to both companies, as cheap labor from China became integrated in the global economy, creating, among many phenomena, great new wealth in China and a buyer's market for labor in the United States. Now we may be seeing the early stages of a partial reversal of some of those trends, as China seeks a new economic model...

  • Wynn Resorts, WalMart: One coin in the world economy Friday, 16 Oct 2015 | 4:01 PM ET

    Oct 16- Big fish Chinese gamblers afraid of a corruption crackdown and poorly paid Walmart workers in the United States might seem to have little in common. But in the global economy, they are in some ways two sides of the same coin, and to understand that is to understand more than why the two disparate groups were blamed for horrendous earnings at two very...

  • Steve Wynn loved China a year ago Friday, 16 Oct 2015 | 3:16 PM ET
    Steve Wynn loved China a year ago

    As Wynn Resorts continues to struggle in Macau, CEO Steve Wynn is frustrated. It's different than his opinion a year ago, when he said, "The regulatory burden in China is infinitesimal compared to the crap that we get in America."

  • Wynn on China last May: 'China is in a state of change'

    Steve Wynn's statement on the Chinese government have grown more cautious over the last year. In May, he sat down with CNBC's Eunice Yoon and said, "It's not a good idea to make businesses insecure."

  • Who bought the $179 million Picasso? Thursday, 21 May 2015 | 12:18 PM ET
    Pablo Picasso's “Les femmes d’Alger (Version O)”

    Buyer still at large

  • Steve Wynn's stack on chips Thursday, 30 Apr 2015 | 6:19 AM ET
    Steve Wynn's stack on chips

    CNBC's Eunice Yoon sits down with Steve Wynn of Wynn Resorts, to discuss the state of Macau, growth in Las Vegas, and the public dispute over the removal of his ex-wife from the board.

  • Elaine Wynn loses bid to remain on Wynn's board Friday, 24 Apr 2015 | 12:13 PM ET
    Elaine Wynn loses bid to remain on Wynn's board

    After a long proxy fight, the board has prevailed and Elaine Wynn no longer has a seat on the board, reports CNBC's Jane Wells. And the FMHR traders weigh in on how to play the stock.

  • Wall Street jets west for 'Davos with palm trees' Friday, 24 Apr 2015 | 11:54 AM ET
    Ken Griffin speaks at the 2013 Milken Institute Global Conference.

    The financial community—including Steve Schwarzman, Ken Griffin and Steve Cohen—will once again figure prominently at Milken.

  • $100 million NYC apartment tax bill: 0.017% Monday, 9 Mar 2015 | 10:48 AM ET
    One57, a new luxury skyscraper apartment building on New York City's West 57th street.

    The owner of the most expensive apartment ever in New York City owes just 0.017 percent in property taxes thanks to a legal loophole.

  • The Drexel collapse, 25 years later Friday, 13 Feb 2015 | 10:15 AM ET
    Michael Milken 1989

    Drexel Burnham Lambert, the investment bank famous for the high-yield or "junk" bonds it pioneered, filed for bankruptcy on Feb. 13, 1990.

  • Macau drags Wynn Resorts 4Q earnings down Wednesday, 4 Feb 2015 | 10:56 AM ET
    Wynn Macau casino resort, operated by Wynn Resorts, in Macau, China.

    A crackdown in corruption in China that has hushed the once frenzied Macau casino business took its toll on Wynn Resorts in the fourth quarter.

  • Wynn investigated for possible laundering: DJ Thursday, 20 Nov 2014 | 3:41 PM ET
    Wynn Macau casino resort, operated by Wynn Resorts, in Macau, China.

    Wynn Resorts is under investigation for potential money-laundering law violations, according to a new report from Dow Jones.

  • Steve Cohen just bought this $101 million sculpture Tuesday, 11 Nov 2014 | 10:47 AM ET
    A visitor looks at Chariot by Alberto Giacometti at Sotheby's auction house in London.

    Steve Cohen, whose firm SAC Capital settled criminal insider charges, bought a sculpture at auction last week for $101 million, according to people familiar with the transaction.

  • Vegas bets on Massachusetts Monday, 3 Nov 2014 | 10:00 AM ET
    Vegas bets on Massachusetts

    Voters in Massachusetts decide Tuesday whether to repeal a law allowing casinos there, after companies like Wynn and MGM have already invested millions. Jane Wells takes a look at potential winners and losers.

  • Wynn says Icahn's Vegas bet to have 'unlikely outcome'

    Wynn Resorts Chairman and CEO Steve Wynn tells Jane Wells an in exclusive interview that as much of the Vegas strip which had been abandoned is finally being developed, Carl Icahn's Fountainbleau remains empty.

  • Wynn expects Ebola vaccine in 'short order' Friday, 3 Oct 2014 | 12:00 PM ET
    Wynn expects Ebola vaccine in 'short order'

    Wynn Resorts Chairman and CEO Steve Wynn tells Jane Wells in an exclusive interview that he believes the Ebola problem will not be as contagious as past flus have been.

  • Wynn doesn't believe in Internet gaming Friday, 3 Oct 2014 | 12:00 PM ET
    Wynn doesn't believe in Internet gaming

    Wynn Resorts Chairman and CEO Steve Wynn tells Jane Wells in an exclusive interview that he doesn't believe online gambling will be legalized nationally, and he explains why.