DUBLIN _ King Digital Entertainment PLC on Thursday reported fourth-quarter net income of $90.7 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Three analysts surveyed by Zacks expected $492 million.» Read More
Mark Cuban contrasted stocks to the embattled daily fantasy sports industry as more officials call it illegal gambling.
Atlantic City's mayor said on Tuesday that bankruptcy was "back on the table" after Gov. Chris Christie vetoed certain legislation.
*S&P 500, Dow hit lowest since Sept. 29. Jan 15- Wall Street sank on Friday morning, with the Nasdaq hitting its lowest since Aug. 24 and the Dow briefly dropping below 16,000, as oil prices dived to less than $30 per barrel. The S&P 500 and the Dow hit their lowest since Sept. 29 amid a broad selloff.
CNBC's Julia Boorstin reports on the big money behind competitive multi-player gaming and the companies getting involved.
The California Lottery said winning tickets for the $1.5B Powerball jackpot were sold in California, Florida and Tennessee.
States look at the pace of ticket sales and even the weather when deciding how to advertise the Powerball jackpot.
Since the current Powerball jackpot started rolling in November, New York alone has seen $182.8 million in sales for that lottery.
With a $1.4 billion Powerball jackpot up for grabs on Wednesday, billionaire Mark Cuban has some tips should a winner emerge.
Jan 11- New Jersey Governor Chris Christie on Monday said he helped broker an agreement between dueling Democrats on how to expand casinos beyond Atlantic City, the state's struggling gambling hub. The agreement between Christie, state Senate President Steve Sweeney and state Assembly Speaker Vincent Prieto calls for legislation to be introduced on...
CNBC's Seema Mody highlights three sectors that would most likely be hit by continued turbulence in China.
Nevada's major casinos report the 7th straight year of losses; and 2015 is the second-warmest year on record, reports CNBC's Sue Herera.
The daily fantasy sports companies are headed to court to battle Attorney General Eric Schneiderman, reports CNBC's Landon Dowdy.
Macau's mass market gaming business has stabilized and could soon experience modest growth, but the VIP segment is still in the cross hairs, says Grant Govertsen, MD of Union Gaming.
HONG KONG, Jan 1- Gambling revenue in the Chinese territory of Macau fell for the second year in a row in 2015 as a prolonged anti-corruption campaign and slowing economic growth battered the world's largest casino hub. Las Vegas magnates Steve Wynn and Sheldon Adelson are set to open resorts in 2016 catering to China's burgeoning middle class, with attractions...
HONG KONG, Jan 1- Gambling revenue in the Chinese territory of Macau fell for the second year in a row in 2015 as a prolonged anti-corruption campaign and slowing economic growth battered the world's largest casino hub. Gambling revenue fell 34.3 percent to 230.84 billion patacas last year, government data showed on Friday. Only two years ago, China's only legal...
From "Deflategate" to the first Triple Crown in 37 years, sports generated some of the most memorable story lines in 2015.
David Cole, NextVR CEO & co-founder, discusses how virtual reality companies are likely to disrupt the way content is consumed and some big media companies are betting big that it will.
The Illinois attorney general's office on Wednesday deemed daily fantasy sports illegal gambling under state law.
Dec 24- Canadian gaming company Amaya Inc has been ordered by a Kentucky court to pay $870 million in penalties to cover alleged losses by the state's residents who played real-money poker on PokerStars' website between 2006 and 2011.. Amaya, which got PokerStars in 2014 through the $4.9 billion takeover of Rational Group, said on Thursday said it planned to post...
WILMINGTON, Del, Dec 23- Rising financial stress in the U.S. energy sector has prompted some suppliers and vendors to take unusual legal action to collect unpaid debts: forcing struggling companies with billions of dollars in debt into bankruptcy. Since August, creditors have filed petitions for involuntary bankruptcy against three energy producers with...