The $65 Million Perk for CEOs: Personal Use of the Corporate Jet Has Soared
One of the flashiest executive perks has roared back since the onset of the pandemic: free personal travel on the...
Gambling Industries
Las Vegas Strip Workers Reach Tentative Labor Deal with Caesars
Unions representing Las Vegas Strip workers struck a tentative deal with Caesars Entertainment, one of three casino companies working to...
Disney Goes All In on Sports Betting
Listen to article(2 minutes)In early 2019, an analyst asked Disney Chief Executive Bob Iger if sports betting could coexist with...
Clorox Warns of Product Shortages Following Cyberattack
The bleach and cleaning-wipe maker said that it believes the cyberattack is now contained but that it will cause a...
Macau Reclaims Crown From Vegas as World’s Top Gambling Hub
Fortunes of MGM, Sands and Wynn are rising after they bled cash during years of pandemic border restrictions in the...
FTC’s Tussle With Microsoft Puts Spotlight on Cloud Gaming
TechWhile cloud gaming is a small part of the videogame market, industry participants expect it to become more influential Source...
American Casino Giants Win 10-Year Macau License Renewals
Six casino operators in Macau won provisional licenses to continue operating in the Chinese gambling hub for the next 10...
Fox Is Cleared to Buy FanDuel Stake for About $3.7 Billion
The ruling paves the way for Fox Corp. to take a bigger position in the fast-growing sports-betting industry. Source link
Steve Wynn Can’t Be Forced to Register as Foreign Agent, Judge Rules
WASHINGTON—A federal judge dismissed a Justice Department lawsuit seeking to force casino mogul Steve Wynn to register as a lobbyist...
As Online Gambling Grows, So Does the Financial Crime Risk
Online gambling is booming across the U.S. and compliance experts caution that it creates opportunities for criminals to launder money...
MGM China Pumps $594 Million Into Macau Casino Unit Ahead of License Bid
HONG KONG—The Chinese unit of U.S. gambling company MGM Resorts International MGM -2.50% said it would pump almost $600 million...
Macau Casinos to Reopen Saturday After Covid-19 Shutdown
Casinos in the gambling hub of Macau will be allowed to reopen Saturday after a nearly two-week shutdown amid a...
Macau Shuts Casinos as City Enters Weeklong Lockdown
Residents lined up to get tested for the coronavirus in Macau last week. Photo: STRINGER/REUTERS HONG KONG—The gambling enclave of...
Hard Rock Atlantic City Workers, Casino Operator Reach Labor Agreement
Atlantic City casino workers reached a tentative deal with the Hard Rock Hotel & Casino, averting a strike that could...
Atlantic City Casino Workers Reach Labor Pacts With Caesars, MGM
Atlantic City, N.J., casino union workers reached tentative agreements with MGM Resorts International and Caesars Entertainment Inc. to avoid a...
FanDuel CEO Amy Howe Wants to Help the Sports-Betting Business Grow Up
LOS ANGELES—Ahead of the year’s biggest gambling event, FanDuel Group Chief Executive Amy Howe was spreading her message of confidence...
Steve Wynn Sued by Justice Department
WASHINGTON—The Justice Department sued casino mogul Steve Wynn Tuesday to force him to register as a lobbyist in connection with...
DraftKings Reports Strong Sales as Gambling Unfazed by Inflation
DraftKings Inc. DKNG -6.30% said first-quarter sales rose by more than a third, adding that record inflation was having no...
Americans Want to Travel and Are Eager to Splurge, Companies Say
More consumers are hitting theme parks, dining out and booking hotel rooms. ‘There is a lot of pent-up demand for...
Macau Police Question Junket Boss Over Alleged Illegal Gambling Syndicate
HONG KONG—The chairman of Macau’s largest junket operator was questioned by police in the gambling hub after authorities in mainland...
