Macau casinos hit jackpot with $45B in revenue

The tiny Chinese city of Macau has again smashed its annual record for casino earnings as revenues last year hit a staggering $45 billion, further underlining its position as the world’s biggest gambling market. Macau’s nearly three dozen casinos raked in 33.5 billion patacas ($4.2 billion) in December, according to… Continue reading

Landmark Nev. casino emerges from Chapter 11

A landmark Gardnerville, Nevada casino has emerged from Chapter 11 bankruptcy after approval of a reorganization plan. Owner Hal Holder told Gardnerville’s Record-Courier that the plan presented to U.S. Bankruptcy Judge Bruce Beesely was approved after a hearing last month. Sharkey’s filed for Chapter 11 bankruptcy in April to prevent… Continue reading