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Business 02 Aug 2011 | 12:00 AM

Macau gambling revenue up 48%

HONG KONG: Macau, the world#8217;s largest gambling market, posted a 48.4% rise in July gambling revenue to 24.2 billion patacas (US$3.01bil) yesterday, underscoring unflagging demand from China#8217;s newly minted millionaires and burgeoning middle class.

Business 27 Jul 2011 | 12:00 AM

Las Vegas Sands confident of bright future based on Singapore Macau ops

LAS VEGAS (AP) - Casino-resort operator Las Vegas Sands Corp. said Tuesday that it earned $367.6 million for the second quarter, reversing a loss of $4.7 million a year earlier as its revenue rose almost 50 percent.

Business 08 Jun 2011 | 12:00 AM

Two gamblers win more than US$11mil at US casino

ATLANTIC CITY, New Jersey: Lightning has struck twice at the Tropicana Casino and Resort, which has lost more than US$11 million to just two high-stakes gamblers since April.

Business 16 May 2011 | 12:00 AM

Galaxy Macau casino opens to lucrative market

MACAU: The Galaxy Macau, a multibillion-dollar casino resort complex, opened Sunday as Macau aims to draw a broader mix of visitors than the high-rolling mainland Chinese who have helped the city become the world's most lucrative gambling market.

Business 11 May 2011 | 12:00 AM

Casino execs to make pitch for online poker

WASHINGTON: With millions of people already playing online poker for money, the casino industry is urging Congress to step in and regulate the wagering.

Business 21 Apr 2011 | 12:00 AM

US, global stocks up; Dow at 3-year high

NEW YORK (AP) - Strong earnings from technology companies including Intel Corp. sent stocks sharply higher Wednesday. The Nasdaq composite index had its biggest one-day jump in six months, and the Dow Jones industrial average closed at its highest level in nearly three years.

Business 14 Apr 2011 | 12:00 AM

MGM sets Macau IPO ownership

CHICAGO: MGM Resorts International disclosed yesterday the planned structure of its initial public offering in the fast-growing Macau casino market, reaching an agreement with co-owner Pansy Ho (i>pic/i>).

Business 23 Mar 2011 | 12:00 AM

Gambling in Pennsylvania could beat Atlantic City

PHILADELPHIA: Pennsylvania's growing gambling industry could surpass struggling Atlantic City, New Jersey, to become America's second-largest gambling market sometime next year, an analyst told a gambling forum Tuesday.

Business 23 Feb 2011 | 12:00 AM

Luck not with Genting S’pore as it suffers Q4 loss

PETALING JAYA: Gaming conglomerate Genting Bhd, which is due to announce its financial results for the fourth quarter (Q4) ended Dec 31, 2010, today, is likely to miss market estimate after its operations across the causeway showed a performance that has widely missed the mark.

Business 31 Jan 2011 | 12:00 AM

With new casino, Syria bets on openness to world

DAMASCUS, Syria (AP): The young roulette dealer, dressed in electric green, gives the wheel a spin as a crowd of men clutch their whiskey glasses, hoping to strike it rich.