Daily Finance – Gambling in Asia has been the highlight of the world gaming industry over the last decade. With the industry seeing rising profits in Macau and Singapore over the last few years, companies and investors have been rewarded heavily by gaming growth in Asia. Las Vegas Sands investors would agree that Asian profits have provided a nice portfolio boost as Sands’ share price has grown more than 2100% in the last five years. The growth of Asian operations continues, with both Sands and Wynn Resorts posting huge income increases for the fourth quarter of 2013 with 40% and…

From The Street – Caesar’s Entertainment (CZR_) has failed on its bet in China. The Harrah’s casino operator agreed to sell its Macau property to Chinese real estate developer Pearl Dynasty Investment for $438 million after failing to get a gambling license in the Chinese region. The transaction, revealed in a Friday, Aug. 9 regulatory filing, comes as the Las Vegas casino operator struggles under the weight of $23.7 billion in debt in a deeply competitive U.S. casino industry. Caesars paid $578 million for the golf course property in 2007, with plans to eventually develop it into a hotel and…