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Slow start, gradual improvement for US Internet gambling

ATLANTIC CITY, N.J.- Internet gambling is off to a slow start in the United States, with banks hesitant to handle credit card payments for online bets and some politicians and casino moguls pushing to ban it, but there remains potential for great growth, participants in a major gambling conference agreed Wednesday. Three states currently offer Internet gambling:...
Source: The Associated Press | By: By WAYNE PARRY, Associated Press
Macau fears overblown?  

Jason Ader, SpringOwl Asset Management founder, CIO and CEO, discusses whether there is still value in Macau.
Source: CNBC.com
Macau casinos eye resorts to counter slowdown

As revenue plummets in China's only legal gambling hub, global casino operators have a new mantra: what happens in Vegas, must also happen in Macau.
Source: Reuters
Macau casinos seek resort cure for China gambling hangover

HONG KONG, May 27- As revenue plummets at China's only legal gambling hub, global casino operators have a new mantra- what happens in Vegas, must also happen in Macau. The latter's two new resort projects, worth $3.2 billion, open in Macau later on Wednesday. As well as the mainland's crackdown, Macau's government is forcing casino firms, also including SJM Holdings...
Source: Reuters | By: Farah Master
Buffett vs casinos? Inside Nevada's solar wars

A major fight over solar power in the state of Nevada seems to have found a resolution, until the end of the year, anyway.
Source: CNBC.com | By: Reem Nasr
Channeling Batman, Versailles: Macau's new wave of resorts

MACAU- Macau is doubling down even as the odds change. Macau's casino operators are undaunted. They're also optimistic Beijing's support for Macau's long term development from a seedy, vice-ridden backwater into a glitzy Asian destination will draw a growing numbers of middle class families from across the region looking for more than just gambling.
Source: The Associated Press | By: By KELVIN CHAN, AP Business Writer
Former CEO's lawsuit against Sands China stays in Nevada

LAS VEGAS- A Nevada judge has decided a wrongful termination case against Macau- based Sands China Ltd. and Sands Chairman Sheldon Adelson can stay in Nevada largely because of the influence Adelson wielded over the company, often from several thousand miles away. Clark County District Court Judge Elizabeth Gonzalez issued her ruling Friday afternoon after...
Source: The Associated Press
EXCLUSIVE-Feds probe L.A.-area casino over cash transactions

ST LOUIS, May 22- A federal grand jury is probing a Los Angeles- area casino following allegations by state authorities the business allowed some players to evade transaction reporting requirements and possibly launder money, a source said. The grand jury is probing the operations of the Gardena- based Normandie Casino, the source said. Lauren Miller, general...
Source: Reuters | By: Brett Wolf
3 Stocks, 3 trades: LVS, GMCR & GPRO  

The FMHR traders take their positions on three stocks making news today, including Goldman Sachs downgrading Las Vegas Sands.
Source: CNBC.com
US STOCKS-Wall St set to open lower ahead of housing data

*Altera, Ann rises on possible deals. The market will get another clue on the state of the economy at 10 a.m. ET when the National Association of Homebuilders releases its monthly homebuilder confidence index. If the index does not rise, as expected, stocks could rally, said Adam Sarhan, chief executive of Sarhan Capital in New York.
Source: Reuters | By: Sweta Singh