Gaming | Sanctuary cities could get boost from sports betting ruling

In President Donald Trump’s former life as a casino owner, he might have cheered Monday’s ruling from the Supreme Court that struck down a federal law that barred

Corporate Bits | Sands China extends paid maternity leave

Sands China is increasing the amount of paid maternity leave for all eligible team members effective from May 18, 2018, extending the total leave period from

AirAsia shares drop after CEO says sorry for backing ex-PM

Shares of regional budget airline AirAsia plunged yesterday after its chief Tony Fernandes publicly apologized for supporting defeated Prime Minister Najib Razak in a historic election

EDP jumps above Chinese bid as investors seen demanding more

EDP-Energias de Portugal SA surged the most in a decade to above the bid made by China Three Gorges Corp., an indication the Chinese utility

Gaming | Portrait of a casino: Back in the black after 40 years

When Resorts became the first casino in the United States to open outside Nevada, gamblers overwhelmed it. Cars streamed into Atlantic City on May 26, 1978, and throngs

China monthly car sales pick up in April; EV sales double

Chinese passenger car sales expanded at a faster pace last month as growth in the world’s biggest auto market picked up steam, an industry

Real Estate Matters | Why do property prices move slower than stock prices?

When asked to point out the difference between investing in property and stocks, many investors remark that the property market is not as volatile as the stock market

China Merchants Bank is accused of racial discrimination in suit

China Merchants Bank Co. was accused of discriminating against African-Americans in a lawsuit filed on behalf of a former executive who claims she was

Gaming | Hard Rock granted casino license in Atlantic City

Hard Rock had an easy time with New Jersey gambling regulators on Wednesday, gaining a license to reopen a casino and begin Atlantic City’s recovery from

Rolls-Royce debuts its first SUV

Rolls-Royce has officially entered off-road territory. Yesterday, the Goodwood-based, Bayerische Motoren Werke AG brand debuted the USD325,000 Cullinan, its first SUV. Named after the largest diamond discovered to date,

Ocean Resort Casino to open same day as Hard Rock

Atlantic City’s Ocean Resort Casino says it will open on the same day as the Hard Rock casino. Bruce Deifik, who owns the former Revel

Emirates earnings jump as Gulf carrier rules out Etihad merger

Emirates Group reported a 67 percent jump in full-year profit and said there are no plans to merge with Etihad Airways, the Abu Dhabi airline that’s restructuring.

Gaming | MGM Chief Executive rips ‘hypocritical’ investors on diversity

MGM Resorts International has increased the number of women in management and invested in solar panels to power its casinos. Chief Executive Officer James Murren says investors

Xiaomi poised to become a billionaire factory with Hong Kong IPO

When Xiaomi Corp.’s founders were eating millet congee at an office in Beijing’s Zhongguancun neighborhood in 2010, they decided to create a smartphone brand selling

Corporate Bits | The Venetian team member wins award

Las Vegas Sands Corp (LVS) has named a team member of The Venetian Macao as the winner of “The Mr. Sheldon G. and Dr. Miriam Adelson Citizenship

Air France tumbles as CEO departure, strikes spook investors

Air France-KLM Group tumbled in Paris trading as Europe’s biggest airline battles turbulence triggered by Chief Executive Officer Jean-Marc Janaillac’s resignation and a deepening labor conflict.

Nestle bets USD7b on Starbucks to revive its coffee sales

Starbucks Corp. is giving Nestle SA a shot at revitalizing its global coffee business. In the third-biggest transaction in Nestle’s 152-year history, the Swiss

Trade War | China could target US firms, debt if Trump plays hardball

In a looming trade war between the world’s two largest economies, American companies in China may have a bull’s-eye on their backs. The Trump administration

Casino workers want sex harassment policy to include guests

Casino industry representatives and workers told Nevada gambling regulators last week that their initial policy draft proposal to address sexual harassment in the workplace needs more work. The

Corporate Bits | MGM sponsors crisis intervention lecture

Following the sponsorship that allowed Caritas de Macau staff to participate in a disaster management training program in Nepal last year, MGM has sponsored and supported

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