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Travel Casinos and Gaming

  • ATLANTIC CITY, N.J.— A Wall Street ratings firm said Monday that a Colorado company is buying Atlantic City's former Revel casino for $200 million, but the mercurial owner of the shuttered casino insists there's no deal. Moody's Investors Service issued a report Monday saying the $2.4 billion casino will reopen in May under the ownership of AC Ocean Walk LLC, a...

  • Not one slot machine is within sight of the lobby at this Las Vegas casino-hotel. Monte Carlo owner MGM Resorts International partnered with New York hotelier Sydell Group for the ongoing $450 million overhaul that will result in two hotels. Park MGM will retain 2,700 rooms, while about 290 rooms and suites in the existing hotel's top floors will be transformed...

  • LONDON, Dec 7- Online gambling company GVC Holdings is in talks to buy Ladbrokes Coral for up to $5.2 billion in a long-awaited deal that would transform it into a bastion of British betting. GVC's bid marks the biggest wager yet by Kenny Alexander, who would become chief executive of the combined group, which is expected to be large enough to enter Britain's FTSE...

  • HONG KONG, Dec 7- Dragon Inc, which is looking to raise more than $400 million in what would be the world's largest initial coin offering, is betting its focus on Asia's booming gambling industry can lure investors despite mounting concerns over a bubble forming in the virtual currency bitcoin. Dragon Chief Executive Chakrit Ahmad told Reuters the company had...

  • *Couldn't be happier with how iPhone X is doing in China- Cook. HONG KONG, Dec 6- Apple Inc is optimistic that some of its popular apps removed from its China App Store this year to comply with government requests will be reinstated, the U.S. tech giant's Chief Executive Tim Cook said on Wednesday. App stores run by Apple and Alphabet Inc's Google generate billions of...

  • HONG KONG, Dec 6- Apple Inc is optimistic that some of its popular apps removed from its China App Store this year to comply with government requests will be reinstated, the U.S. tech giant's Chief Executive Tim Cook said on Wednesday. Apple is facing criticism from local users and rights groups for bowing to pressure from Beijing cyber regulators after it decided...

  • HONG KONG, Dec 6- Apple Inc's chief executive Tim Cook said on Wednesday he sees Tencent Holdings, China's biggest social network and gaming company, as a great partner and thinks very highly of its founder Pony Ma. Cook also told the Fortune Forum in Guangzhou that he couldn't be happier with how the iPhone X is doing in China. China is Apple's third-largest region...

  • VANCOUVER, Dec 5- High-rolling gamblers will face more stringent anti-money-laundering standards in British Columbia casinos, the Canadian province said on Tuesday, as it unveiled the first set of recommendations from a review of its casino sector. Media reports have noted similar issues at other Vancouver- area casinos, in many cases tying the suspicious...

  • VANCOUVER, Dec 5- High-roller gamblers will now face more stringent anti-money-laundering standards in British Columbia casinos, the province said on Tuesday, as it unveiled the first set of recommendations from a review of its embattled casino sector. Media reports have also noted similar issues at other Vancouver- area casinos, in many cases tying the...

  • The positive macroeconomic picture will help to lift Macau’s gaming sector, but uncertainties remain such as in the VIP segment, says Fitch's Alex Bumazhny.

  • Dec 1- Casinos in the world's biggest gambling hub of Macau posted a 22.6 percent revenue jump in November from a year earlier, marking the sixteenth consecutive month of growth, government data showed on Friday. Revenue reached 23 billion patacas, data from Macau's Gaming Inspection and Coordination Bureau showed, the second highest monthly tally this year...

  • Dec 1- Casinos in the world's biggest gambling hub of Macau posted a 22.6 percent revenue jump in November from a year earlier, marking the sixteenth consecutive month of growth, government data showed on Friday. Revenue reached 23 billion patacas, data from Macau's Gaming Inspection and Coordination Bureau showed. That compared with analyst growth estimates...

  • *Will shift HQ to Japan if it wins licence- CEO. TOKYO, Dec 1- Melco Resorts& Entertainment Ltd will shift its headquarters to Japan should it win a licence to run a casino in the world's next frontier for high-stakes gambling, its chief executive said on Friday. "I would personally move here while we are building it, and we would move the core management team and...

  • *Will shift HQ to Japan if it wins license- CEO. TOKYO, Dec 1- Melco Resorts& Entertainment Ltd will shift its headquarters to Japan should it win a license to run a casino in the world's next frontier for high-stakes gambling, its chief executive said on Friday. "I would personally move here while we are building it, and we would move the core management team and...

  • Macau's gaming sector is only half way through its 20-year growth story, but not all stocks are cheap now, says Matthew Ossolinski of Ossolinski Holdings.

  • Data released Thursday by the Nevada Gaming Control Board show casinos on the Strip took in almost $528.7 million from gamblers last month. That's about $34 million less than what they won in October 2016. On Oct. 1, a high-stakes gambler killed 58 people and injured hundreds more after he shattered windows of his hotel suite on the 32nd floor of the Mandalay Bay...

  • HARRISBURG, Pa.— Penn National Gaming says it is discussing acquiring rival casino owner Pinnacle Entertainment, and creating a unified company with 45 properties in more than a dozen states and Canada. Pennsylvania- based Penn National and Las Vegas- based Pinnacle say in a brief statements Thursday that the discussions may or may not lead to a transaction.

  • **Nigeria's Seven-Up bottling company has received an offer from its majority shareholder Affelka to buy out minorities for 19.33 billion naira, in a takeover deal aimed at restructuring the struggling company. **Axalta Coating Systems has ended talks with Japan's Nippon Paint Holdings Co Ltd about a potential sale, the U.S. coating company said, following the...

  • **Seven-Up Bottling Co has received an offer from its majority shareholder Affelka to buy out minorities in a 19.33 billion naira takeover deal, vice chairman Sunil Sawhney told Reuters. **Private equity investor Terra Firma is gearing up to launch a $1.2 billion sale of its Italian solar-power assets, a deal that could pave the way for more consolidation in...

  • **Private equity investor Terra Firma is gearing up to launch a $1.2 billion sale of its Italian solar-power assets, a deal that could pave the way for more consolidation in European solar energy, sources said. **Hong Kong- based Bank of East Asia Ltd said it would sell certain consumer finance businesses in China and Hong Kong to a money-lending arm of China...