CNN News

  • Trump Taj Mahal purchased by Hard Rock

    The shuttered Trump Taj Mahal casino in Atlantic City has found a buyer. The new owner will be a group of investors led by Hard Rock International, the company behind Hard Rock Cafe. President Trump once operated the hotel, but financed the project with junk bonds and could not...
  • Casinos’ holy grail: Japan opens door to potential $30 billion industry

    Japan is rolling the dice on casinos to help boost its struggling economy. The Japanese parliament passed a new law early Thursday that paves the way for a gaming industry that could generate more than $30 billion a year, according to analysts. At the moment, casinos are illegal in...
  • Is Macau’s epic gambling slump over?

    Is Macau’s epic gambling slump finally coming to an end? Gaming revenues in the Chinese territory increased by 1.1% in August compared to the previous year, snapping a 26-month losing streak that has hurt the city’s casino industry and slammed its economy. Casino stocks surged higher on the positive...
  • Strike looms at Atlantic City casinos

    Atlantic City’s problems might get worse. Ninety-six percent of the workers at four of the city’s casinos voted Thursday to go on strike on July 1 if the gaming industry “continues to hold down wages.” Workers at a fifth casino have already authorized a walk-out. More than 6,000 workers...
  • Macau busts $645 million World Cup betting ring

    Police have smashed an illegal betting syndicate in Macau for allegedly taking the equivalent of US$645 million in bets on World Cup matches. It’s believed to be the biggest ever raid on an illicit football bookmaking racket in the Asian casino capital, according to police. The gambling ring used...
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