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Casinos and Gaming
Australia's New South Wales (NSW) police board recommended against approving an offer from the former New York businessman and a local developer, according to a report from The Australian, because it would have been "dangerous".
President Donald Trump's bid to open Sydney's first casino 30 years ago was thwarted after regulators expressed concern over his alleged "mafia connections", it was revealed on Wednesday.
HONG KONG, Aug 16- China's Tencent Holdings on Wednesday reported a forecast-beating 70 percent jump in its second-quarter profit, buoyed by higher revenues from smartphone games, payment services and online advertising. The world's largest gaming company raked in revenues of 56.6 billion yuan over the period, up 59 percent from a year ago and beating an...
Deutsche Bank upgrades Wynn Resorts to buy from hold and increases its 12-month price target thanks to mass volume.
*Overseas expansion for China gaming publishers difficult-analyst. HONG KONG, Aug 15- With as many active players as the population of Germany, the Honour of Kings mobile game will likely help boost Tencent's quarterly revenue by about 50 percent, shrugging off play-time curbs imposed by the firm to address addiction woes. The growth momentum in China is...
Bally's: $22.8 million, up 5.3 percent from July 2016. Borgata: $76.3 million, down 5.6 percent. Source: New Jersey Division of Gaming Enforcement.
SHANGHAI/ BEIJING, Aug 12- China on Saturday freed one of the last remaining Crown Resorts Ltd executives jailed for illegally promoting gambling, as a protracted saga that forced the Australian casino operator to cancel global expansion plans and hurt profits nears an end. Jason O'Connor, head of international VIP gambling with the casino giant, was released...
SHANGHAI/ BEIJING, Aug 12- China on Saturday freed one of the last remaining Crown Resorts Ltd executives jailed for illegally promoting gambling, as a protracted saga that forced the Australian casino operator to cancel global expansion plans and hurt profits nears an end. Jason O'Connor, head of international VIP gambling with the casino giant, was released...
Jason O'Connor, head of Australia's Crown Resorts Ltd.' s international VIP programs, was sentenced to 10 months in prison in Shanghai in June. The case against Crown Resorts' staff came as authorities crack down on gambling as part of a wide campaign against official corruption. According to Crown Resorts, the 17 current and two former employees were convicted...
LAS VEGAS _ Pinnacle Entertainment Inc. on Thursday reported second-quarter net income of $9.4 million, after reporting a loss in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Pinnacle Entertainment shares have increased 35 percent since the beginning of the...
So far New York has received $50.2 million from the three casinos, said gambling industry officials on Wednesday at an annual meeting near the famed Saratoga thoroughbred track. When Jeff Gural, owner of Tioga Downs Casino in Nichols, campaigned for a casino license, he projected the first year's taxes to the state would be $32 million. In Schenectady, where Rush...
TORONTO, Aug 8- Canada's main stock index was modestly higher on Tuesday as positive earnings results and a deal in the gaming sector helped offset declines in BlackBerry Ltd and other tech shares. Great Canadian Gaming surged 14.9 percent to C $29.22 after it was announced that the casino operator and Brookfield Business Partners would acquire key Toronto...
The video game tournaments are known as esports and are a rapidly growing industry around the world, with industry reports saying they generated $500 million last year and soon could be a $1.5 billion industry. Associated Press. Caesars Entertainment was first in the nation to adopt skill-based slot machines to woo millennials in Atlantic City, but bailed on...
SHANGHAI— A Trump Organization company has applied for four new trademarks in the Asian gambling hub of Macau, including one for casinos, public records show. The new applications highlight the ethical complexity of maintaining the family branding empire while Donald Trump serves as president, and are likely to stoke speculation about the organization's...
COLORADO SPRINGS, Colo. _ Century Casinos Inc. on Monday reported second-quarter earnings of $1.8 million. Century Casinos shares have declined 14 percent since the beginning of the year. Keywords: Century Casinos, Earnings Report.
Macau granted a Trump-tied company additional trademarks, including for casino services and hotels, to develop the Trump brand there.
The code of the American Gaming Association calls on casino operators to be more transparent with patrons and provide training to employees. Its announcement in Las Vegas came within months of two high-profile criminal cases that drew attention to the effects of compulsive gambling as authorities believe the perpetrators were problem gamblers.
Macau's casino outlook seems positive, but China's possible entry into the market may pose threats eventually, says Grant Govertsen of Union Gaming Group.
*MGM and SJM most disadvantaged in short term- analysts. HONG KONG, Aug 1- Casinos in the world's biggest gambling hub of Macau extended a one-year winning streak with monthly revenue rising 29 percent in July due to a resurgence in spending by wealthy punters and increased numbers of tourists. The special administrative region of Macau is a former Portuguese...
*MGM and SJM most disadvantaged in short term- analysts. HONG KONG, Aug 1- Casinos in the world's biggest gambling hub of Macau extended a one-year winning streak with monthly revenue rising 29 percent in July due to a resurgence in spending by wealthy punters and increased numbers of tourists. The special administrative region of Macau is a former Portuguese...
