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Jan. 9 (Bloomberg) -- Las Vegas Strip casino gambling revenue tumbled 16 percent in November, its 11th straight monthly decline, because the global recession and a reduction in the number of flights to the city deterred visits. Gambling proceeds from ...

Thousands of jobs are being lost across the globe daily as the economy continues its downward spiral.  What was once believed to be a "recession-proof" industry is no more.  Macau, considered a bigger gaming destination than Las Vegas, is now ...

Tightened visa restrictions in Macau and lingering liquidity concerns still weigh on Las Vegas Sands Corp. , an analyst said Wednesday. Bill Lerner of Deutsche Bank (nyse: DB - news - people ) downgraded the Las Vegas-based casino operator to "Hold ...

A bid by Melbourne, Australia-based Crown Ltd. to buy Cannery Casino Resorts for $1.8 billion in an all-cash transaction was endorsed by the Nevada Gaming Control Board. The Control Board's recommendation now goes to its parent state Gaming ...

Vice-President Xi Jinping will begin his first Macau visit as a state leader on Saturday, during which he is tipped to meet the city's potential candidates for chief executive. Analysts said preparation for the election would be the main focus of Mr ...

The Motley Fool has revealed three stocks to watch for 2009 and one of them is Asian online gambling firm GigaMedia. While it's hard to find shares of any Chinese company that have escaped punishment recently, online gaming firm GigaMedia has been ...

LAS VEGAS—A bid by Melbourne, Australia-based Crown Ltd. to buy Cannery Casino Resorts for $1.8 billion in an all-cash transaction was endorsed Wednesday by the Nevada Gaming Control Board. "We look forward to the opportunity to be part of the ...

The lights continue to dim on the Las Vegas strip as another hotel-casino company prunes down a planned project to save some much-needed green. On Wednesday, CityCenter Holdings, a joint venture between MGM Mirage (nyse: MGM - news - people ) and ...

The Macau property market is feeling the chill as uncertainties arising from the global financial crisis and slower pace of economic growth affect sales and leasing activities in the office and residential sectors. Property consultants are cautious ...

Jan. 8 (Bloomberg) -- MGM Mirage’s new chief executive officer, James Murren, said he plans to “dramatically” reduce debt and will consider further casino sales as he overhauls the company’s balance sheet. Murren plans to refinance maturing ...