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5 HOURS AGO - Boston Herald

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State seeks to dismiss Boston's lawsuit against Wynn casino

BOSTON — State gambling regulators want a judge to dismiss Boston's lawsuit challenging the award of a casino license to casino operator Wynn, saying the decision is not subject to judicial review and the city's challenge comes too late.In a filing provided to The Associated Press, the state Gaming Commission notes that the state's casino gambling law allows the courts ...

Tags: State seeks to dismiss Boston's lawsuit against Wynn casino,  Gambling Latest News

5 HOURS AGO - Boston Herald

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Massachusetts's Race Horse Development Fund

BOSTON — Like 16 other states in the nation, Massachusetts designates a percentage of gambling revenues generated at its casinos to support its flagging horse racing industry. Here's a snapshot of the Race Horse Development Fund as of July 18, 2015, the most recent data available:REVENUES:Casino license fees: $8.75 millionCasino gambling: $1.5 millionTotal revenues: $10.3 millionSPENDING:Harness racing: $420,000Thoroughbred racing: $1.3 ...

Tags: Massachusetts's Race Horse Development Fund,  Gambling Latest News

18 HOURS AGO - Zacks Investment Research

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Gambling Stock Roundup: Earnings in Focus, Macau Revenues Fall 14 Months in a Row - Analyst Blog

Wynn Resorts Ltd. (WYNN) posted dismal second quarter 2015 results with earnings and revenues missing the Zacks Consensus Estimate. Gross gaming revenues from Macau declined for the month of Jul 2015.

Tags: Gambling Stock Roundup: Earnings in Focus, Macau Revenues Fall 14 Months in a Row - Analyst Blog,  Gambling Latest News

18 HOURS AGO - Zero Hedge

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"The Worldwide Credit Boom Is Over, Now Comes The Tidal Wave Of Global Deflation"

Submitted by David Stockman via Contra Corner blog, If you want a cogent metaphor for the central bank enabled crack-up boom now underway on a global basis, look no further than today’s scheduled chapter 11 filling of met coal supplier Alpha Natural Resources (ANRZ). After becoming a public company in 2005, its market cap soared from practically nothing to $11 billion exactly four years ago. Now ...

Tags: "The Worldwide Credit Boom Is Over, Now Comes The Tidal Wave Of Global Deflation",  Gambling Latest News

JUL 31, 2015 - TheStreet

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Why It May Be Time to Bet on Casino Stocks Again

NEW YORK (TheStreet) -- The country's largest casino stocks have crapped out over the past 16 months, with Wynn Resorts  , Las Vegas Sands , and MGM Resorts International  taking huge hits largely due to their exposure to the battered Macau market.  But industry experts and analysts believe the beaten-down stocks may have bottomed, and that it might be time to slowly ...

Tags: Why It May Be Time to Bet on Casino Stocks Again,  Gambling Latest News