Travel Casinos and Gaming

  • Allan Zeman of Lan Kwai Fong and Wynn Macau says the Greater Bay Area will be a "powerhouse," and cities in the region should complement each other.

  • *Bank stocks gain ahead of Fed decision. *Wynn Resorts pulls down other casino operators on Macau warning. Nov 8- The S&P 500 and the Nasdaq edged lower on Thursday, as weak earnings reports and caution ahead of the Federal Reserve's interest rate decision stalled a rally from the previous session, which was spurred by the outcome for midterm elections.

  • *Qualcomm falls as holiday qtr sales forecast disappoints. Nov 8- U.S. stocks edged lower on Thursday, as a clutch of weak earnings reports punctured a rally from the previous session, which was spurred by the outcome for midterm elections. Stocks had gained more than 2 percent on Wednesday after Americans voted for a divided Congress, which was largely...

  • Wynn Macau casino resort in Macau, China.

    CEO Matthew Maddox says earnings since China's seven-day Golden Week holiday have been "choppy" during weekdays and "sporadic" on the weekends.

  • BEIJING/ SHANGHAI, Nov 8- Chinese tech giant Tencent Holdings Ltd is cutting the marketing budget for its key gaming division, two sources told Reuters on Thursday, amid a crackdown on the industry in the mainland and a lengthy freeze on new game approvals. Bloomberg earlier reported, citing an internal letter, that Tencent was cutting branding budgets for gaming...

  • James Murren, CEO of MGM Resorts International, says Macau has the potential to become an even larger gaming market given the amount of investment entering the Greater Bay Area.

  • The Wynn Palace casino in Macau.

    Casino stocks have been oversold and are now cheap, says Jefferies analyst David Katz.

  • Mark Frissora, CEO and chairman of Hertz

    Caesars Entertainment CEO Mark Frissora is stepping down after 3 years in the role, the company announced on Thursday.

  • Casino stocks are taking back October losses, analyst says

    David Katz of Jefferies discusses whether investors should bet on casino stocks.

  • HONG KONG, Nov 1- Chinese internet group Tencent Holdings plans to expand into providing services to industries such as healthcare and connected cars in a move to promote growth beyond its mainstay consumer business. Dowson Tong, president of Tencent's newly formed Cloud and Smart Industries Group, told the company's annual global partners conference that...

  • Nov 1- Gambling revenue in the Chinese territory of Macau rose 2.6 percent in October from a year earlier to 27.3 billion patacas, the highest monthly total since 2014, bolstered by solid demand from Chinese punters keen to play in the country's only legal casino hub. October also marked the 27th consecutive monthly rise, although the rate of growth slowed as...

  • Oct 31- Zynga Inc on Wednesday reported third-quarter bookings and current-quarter forecast that missed Wall Street estimates, as the game developer was hit by softness in its "Zynga Poker" franchise and casino slots portfolio. The company said it expects fourth-quarter bookings of $250 million, below analysts' estimates of $269 million, according to...

  • *FTSE 100 up 1.3 pct. LONDON, Oct 31- UK shares rose to a three-week high on Wednesday as upbeat results from Standard Chartered provided some respite from a grim October that put the market on track for its worst month since August 2015. However, there have been some indications in the past few days that we might be starting to see a bit of a short-term base, with most of...

  • *FTSE 100 up 1.3 pct. LONDON, Oct 31- UK shares jumped to a three-week high on Wednesday as upbeat results from Standard Chartered and Smurfit Kappa provided some respite from a ghoulish October that put the market on track for its worst month since August 2015. The blue-chip FTSE 100 was up 1.3 percent at 1002 GMT, with energy and financials providing the biggest...

  • LONDON, Oct 31- European shares rallied on Wednesday as a tumultuous October drew to a close and strong results from L'Oreal, Sanofi and banks Standard Chartered and Santander soothed investors' nerves. The pan-European STOXX 600 was up 1.5 percent by 0945 GMT, with Germany's DAX 1.3 percent higher. "Ultimately I'm still of the belief that we are in for more...

  • Washington Capitals center Nicklas Backstrom (19) and Washington Capitals left wing Alex Ovechkin (8) hoist the Stanley Cup after winning Game 5 of the Stanley Cup Final between the Washington Capitals and the Vegas Golden Knights at T-Mobile Arena on Thursday, June 7, 2018. 

    NHL' s Gary Bettman, once an outspoken critic of sports betting, says the MGM partnership reflects the league adjusting to the times.

  • Gaming in Macau faces 'continual headwinds' in Q4

    Junheng Li of JL Warren Capital says she hasn't seen a strong recovery in the VIP segment, which accounts for about half of the total gaming revenue generated by Macau's casino operators.

  • Tariffs impacting casino properties in Macau

    CNBC's Contessa Brewer reports on how U.S.-China tensions are impacting the casino sector.

  • A woman fills out a Mega Millions lottery ticket on October 19, 2018 in New York City. The Mega Millions jackpot is currently up to $970 million. 

    The Mega Millions jackpot reaches $1 billion, marking the second-largest prize in U.S. lottery history.

  • Golden Nugget's Fertitta brings restaurant experience to table in proposed Caesars merger, analyst says

    Chad Beynon, senior analyst at Macquarie, discusses reports that Tilman Fertitta, owner of the Golden Nugget Casinos, approached casino operator Caesars Entertainment about merging with his gaming empire.