casinos

The bond-trading specialist is taking bets and setting odds for the new M Resort Spa & Casino. But instead of simply handicapping games and accepting wagers, Cantor's tech-savvy braintrust has turned betting into something more akin to trading.

In Vegas these days, it's the restaurants that make the casino. Many casino operators have abandoned the pursuit of gimmicky themes -- think the Venetian with its gondola rides -- for celebrity chefs and well-established eateries.

While many gambling towns offer minimum table-game bets that are anything but minimal, WalletPop found a few cities that welcome you with open arms and low-end wagering. Steve Bourie, author of the "2010 American Casino Guide," took WalletPop on a quick tour of the nation's bargain gaming dens,...

States that used to collect a pretty penny from gambling are watching their already-squeezed budgets take another hit as people decide that rolling the dice with their money might not be a great idea in this economy. According to a story in the Wall Street Journal, eight of the 12 states that allow...

A long-simmering controversy over MGM Mirage's (MGM) choice of development partners is just one in a long line of setbacks that has the company teetering on the edge of losing its entire stack of chips. The latest blow was a report by the New Jersey Division of Gaming Enforcement concluding that...

I wrote recently about the woes of MGM Mirage (MGM), and it comes as no surprise that other companies in the gaming industry are also rolling snake eyes. Las Vegas Sands (LVS) is highly leveraged, with turmoil in the front office, and a tall stack of chips invested in dicey real estate...

It turns out that the idea that gambling is a recession-proof industry is just another myth. Of course, casino insiders already knew this -- just ask them how business was following the 9/11 attacks in 2001. It took a while, but most casinos had pretty much recovered by the time the credit crisis...

What happens in Vegas may stay there, but these days, the problem is how to get there in the first place. McCarran Airport, Vegas' major entry point, reported its biggest year-on-year drop since after 9/11. And Southwest Airlines, the rare profitable airline which recently said it wouldn't need to...

Update May 2009: The Las Vegas casinos, which are suffering a huge downturn in visitors, would happily welcome your attempt at our most desperate strategy to raise quick cash, gambling. Please understand that this is our #1, most desperate way to make some quick cash, and only applies in this...