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Casino mogul Sheldon Adelson lost $4 billion of his personal fortune last month due to the slumping national economy, even before the latest stock market woes, a newspaper reported. Adelson was traveling Friday and unavailable for comment, said Ron ...

LAS VEGAS (AP) - Casino mogul Sheldon Adelson lost $4 billion of his personal fortune last month due to the slumping national economy, even before the latest stock market woes, a newspaper reported. Adelson was traveling Friday and unavailable for ...

ATLANTIC CITY - This seaside resort is facing its biggest crisis in the 30 years since it gambled its future on casinos. The casinos that provide the crowds and the luster for this old town will report their September revenues today, and it is ...

Penn National Gaming, Inc. PENN announced today that, subject to customary regulatory approvals, Ameet Patel has been named General Manager of its Argosy Casino Hotel & Spa in Riverside, Missouri, effective October 14, 2008. Mr. Patel currently ...

Susquehanna maintains a Positive rating on Las Vegas Sands (NYSE: LVS ), but slashes price target from $56 to $25. Susquehanna analyst says, "Given the rapidly deteriorating fundamentals in Las Vegas and growing challenges in Macau related to visa ...

Sino Express Travel Limited (OTC: SXPT ) announced that it has signed a Memorandum of Understanding to acquire the right to manage a 160-room hotel in Macau for 10 years. The total consideration of US$2,500,000 is expected to be settled by issuance ...

Morgan Stanley chief John Mack is rolling the dice on a $2 billion bet to open a new Atlantic City casino - while rival Goldman Sachs chief Lloyd Blankfein got cold feet on building a competing casino next door and folded. Morgan Stanley is all alone ...

Shares of casino operators fell Tuesday as a Deutsche Bank North America analyst reduced several price targets partly on limited Las Vegas spending and Macau visa restrictions. Casino operators have been pressured of late as consumers continue to ...

LOS ANGELES (Reuters) - Poker players may be hedging their bets as the economy slides, but U.S. states are still asking voters to loosen restrictions on gambling in order to raise revenue and help stem growing budget deficits. Voters are set to ...

When a man like Sheldon Adelson, one of the richest in America, has to pour $475m of his family’s money into his casino empire to tide things over, it is time for the gambling industry to worry. The majority owner of Las Vegas Sands , whose assets ...

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