HONG KONG-- The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world's biggest gambling market, hoping to catch up with the rapid expansion of rival casino operators.
MGM China Holdings Ltd. said it formally accepted a land concession contract from the Macau government for a 7.2 hectare plot in the Cotai district, an area of reclaimed land that's earmarked for all new casinos in the Asian gambling haven. MGM China said it is paying $161.4 million for the land, including a $56.2 million down payment.
Donald Trump, Chairman & President of the Trump Organization, weighs in on tonight's presidential debate; JNJ's earnings; and Apple's stock price.
Steve Wynn, chairman & CEO at Wynn Resorts, says it take a lot of courage and uncertainty to build a business now. Ron Baron, Baron Capital chairman and CEO, weighs in.
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.
Jonathan Galaviz, MD & Chief Economist, Galaviz & Company discusses the Nevada court ruling against Kazuo Okada's appeal to reverse Wynn Resorts' share buyback.
LAS VEGAS, Oct 2- A Nevada judge on Tuesday ruled against Japanese billionaire Kazuo Okada's effort to reverse a forced redemption of his 20 percent stake in Wynn Resorts Ltd, rendering him unable to vote at the casino company's Nov 2 annual meeting.
LOS ANGELES, Oct 1- Lawyers for dissident Wynn Resorts shareholder Kazuo Okada's will urge a Nevada court on Tuesday to overturn the casino company's forced redemption of the Japanese billionaire's $2.7 billion stake, a ruling which would allow him to vote at its Nov. 2 shareholder meeting to unseat two board members.
Wynn Resorts created a stir Friday morning when it mistakenly sent a regulatory filing to the SEC about a potential land deal for a second resort in Macau
The global online travel company Orbitz ranked Las Vegas as America's number one destination for President's Day weekend, where visitors are spending less and less on gambling. So, what's the attraction?
Outspoken Wynn Resorts Chairman and CEO Steve Wynn says he shares some of the same frustrations as the Occupy Wall Street movement and that he is reluctant to invest in the U.S. until he has more confidence in the government's economic policies.
The Fast Money traders weigh in on the recent land acquisition by Wynn Resorts, and Scott Nations, NationsShares with the trade on gold.
Wynn Resorts CEO Stephen Wynn used his company's conference call to lay into the Obama administration, calling it the "greatest wet blanket to business and progress and job creation in my lifetime."
There are plenty of impressive golf courses across the US. Click to see some of the most luxurious ones!