Entertainment Industry, Travel Industry & Leisure News

Icahn Outbids Penn for Fontainebleau

By Joseph Woelfel

• Tickers in this article:
• PENN

Carl Icahn has offered a total of $156.5 million to buy the unfinished Fontainebleau Las Vegas resort, outbidding Penn National Gaming, which reportedly has dropped out of the auction.

11/24/09 - 12:10 AM EST

Sands China Raises $2.5 Billion in IPO

By Joseph Woelfel

• Tickers in this article:
• LVS
• WYNN

The Macau unit of Las Vegas Sands sold 1.87 billion shares at HK$10.38 each ($1.34), the low end of the initial public offering's indicative range, a report says.

11/23/09 - 12:56 AM EST

Universal Travel Group 3Q Profit Edges Up 2 Pct

By The Associated Press

• Tickers in this article:
• UTA

Universal Travel Group says 3rd-quarter profit rises 2 percent on stronger travel demand

11/16/09 - 02:16 PM EST

Slot Machine Sales Dire

By Jeanine Poggi

• Tickers in this article:
• BYI
• IGT
• WMS

Slot machine sales in the third-quarter are lower than at any point in the last decade.

11/18/09 - 05:37 PM EST

Penn Gaming Makes Bid for Fontainebleau

By Jeanine Poggi

• Tickers in this article:
• PENN

Penn National Gaming is offering $50 million for the Fontainebleau Las Vegas casino-resort.

11/17/09 - 05:08 PM EST

Casino Revenue Slips in 3Q

By Jeanine Poggi

• Tickers in this article:
• LVS
• MGM
• MPEL
• WYNN

Casino revenue falls 5.5% in the third quarter.

11/17/09 - 04:11 PM EST

Casino Ups Project Budget in Macau

By Jeanine Poggi

• Tickers in this article:
• LVS
• MGM
• MPEL
• WYNN

Galaxy Entertainment is increasing its budget 40% for a development in Macau.

11/12/09 - 10:05 AM EST

Churchill Downs to Buy Youbet for $127M

By TheStreet Staff

• Tickers in this article:
• CHDN
• UBET

Churchill Downs is buying Youbet, an online horse-race handicapping and betting site.

11/12/09 - 02:13 AM EST

Las Vegas Sands to Restart Work in Macau

By TheStreet Staff

• Tickers in this article:
• LVS

The gaming company plans to restart work on two stalled construction sites in Macau in January after it secured $1.45 billion in new financing from banks, a report says.

11/11/09 - 01:47 AM EST

Casino Watch: Vegas Losing Streak Over

By Jeanine Poggi

• Tickers in this article:
• ASCA
• BYD
• LVS
• MGM
• WYNN

Vegas tourism is up in September, its first monthly gain in over a year.

11/10/09 - 04:53 PM EST

Sands Seeks $3.35B in Macau IPO

By Joseph Woelfel

• Tickers in this article:
• LVS
• WYNN

Sands China plans to raise HK$26 billion ($3.35 billion) in an initial public offering of stock, reports say.

11/09/09 - 06:11 AM EST

Las Vegas Sands' Hong Kong IPO Approved

By Jeanine Poggi

• Tickers in this article:
• BYD
• ISLE
• LVS
• WYNN

Las Vegas Sands' Hong Kong IPO of its Macau assets is approved. Shares are expected to begin changing hands at the end of November.

10/30/09 - 12:04 PM EDT