MGM Resorts

Place Your Bets: Which Gambling Hot Spot Now Dwarfs Las Vegas?

If you thought Vegas was where the big gamblers went to play, you're behind the times. Sin City has been blown past by another exotic destination once infamous for corruption and mob activity. But you probably won't be heading there to play baccarat any time soon.

5 Companies That Are Still Losing Money

The economy may be ugly for workers, but most companies are making money. In fact, many Wall Street darlings are checking in with record profits. Then again, most doesn't mean all. Here are five notable companies that are losing money this year -- and possibly beyond.

Motorcycle Robber Steals $1.5M in Bellagio Casino Chips

An armed man stole as much as $2 million in casino chips from Las Vegas' Bellagio hotel-casino early Tuesday morning, then escaped, the Associated Press reported, citing Las Vegas police officials. No shots were fired and no one was injured.

MGM Resorts May List Macau Gambling Venture in Hong Kong

MGM Resorts International (MGM) may list its Macau gambling venture on the Hong Kong stock market. MGM is a partner in MGM China holdings, a casino in a historic district of Macau, MarketWatch reported. The casino is a joint venture with Pansy Ho, daughter of Macau gambling kingpin Stanley Ho.

Casino Industry Ends Its Losing Streak

The U.S. casino gaming market is finally improving, according to a recently released report from Moody's Investor Services. After more than two years of negative outlooks, Moody's has changed its view to neutral and recognizes "signs [that the] industry has bottomed out."