ATLANTIC CITY, N.J.— Atlantic City's Borgata casino says it will stop making tax payments until the city hands over $62.5 million in court-ordered tax refunds. Atlantic City owes more than $170 million to the Borgata in tax appeals that the casino won by challenging the property's assessed value as the city's gambling market shrank amid cutthroat competition...» Read More
The gambling hub's wagering experts say the money is overwhelmingly coming in on the Carolina Panthers.
As Super Bowl week begins, Las Vegas wagering experts say the money is overwhelmingly coming in on the Panthers.
Richard Huang, a research analyst at Nomura, says in Macau lodging and entertainment ventures are getting as much focus as its gaming sector.
CNBC's Emily Tan reports on how China's recent anti-corruption drive have changed Macau's gaming fortunes.
HONG KONG, Feb 1- Gambling revenues for the Chinese territory of Macau dropped 21.4 percent in January, ahead of a Lunar New Year week-long holiday which is expected to boost the number of visitors to the world's largest casino hub. Macau, which relies on the casinos for revenue, has been battered by a two-year-old anti-corruption campaign and slowing growth in...
The New York Times is reporting a payment processor has dropped FanDuel and DraftKings.
The Tropicana on Thursday announced a $25 million renovation that will re-do 500 hotel rooms in its Havana Tower; remake the South Tower casino area, and add a high-limit slot area just off the casino's Palm Walk. The work also will include a face lift for Jade Palace, its Asian gambling room, and it will add five new shows to the Tropicana's outdoor multimedia light...
Chris Christie took stock of problems around the state and saw a big one on the beach: Atlantic City. So he dove in headfirst, unleashing a torrent of initiatives aimed at getting Atlantic City back on its feet. Some of Christie's moves have worked— to a degree— but many have not, and the Republican presidential candidate running on his record of leadership in New...
NJ Gov. Chris Christie has called for a state takeover of Atlantic City, saying the area is incapable of getting its finances together.
Major sports gambling website Pinnacle Sports suspended betting on Sunday.
As the daily fantasy sports industry fights to keep operating across the United States, it's also funneling cash toward lawmakers.
Mayor Don Guardian says the gambling hub may have to declare bankruptcy if the state cannot come up with the funding needed.
Texas is the latest state to declare that daily fantasy sports should be considered gambling, reports CNBC's Dominic Chu.
DENVER/ CHICAGO, Jan 14- The fervor around this week's $1.6 billion Powerball jackpot will feed annual lottery ticket sales worth tens of billions of dollars, but public policy experts estimate only about a quarter of that revenue will ultimately make it into state coffers. The record prize will be divided among three tickets bought in California, Tennessee and...
Based on the way the Powerball authorities changed the system of numbers, there will be more billion-dollar jackpots in the future.
The winning tickets for the $1.6 billion Powerball jackpot were sold in three states.
LOS ANGELES, Jan 14- The winners of the record $1.6 billion U.S. Powerball jackpot had yet to emerge early on Thursday, with lottery officials saying the massive prize will be split between ticket holders in three states- Tennessee, California and Florida. Two other winning tickets were sold at locations in Tennessee and Florida, but the cities have not been...
The California Lottery said winning tickets for the $1.5B Powerball jackpot were sold in California, Florida and Tennessee.
*Winning tickets sold in California, Tennessee and Florida. LOS ANGELES, Jan 13- Winning tickets in the nearly $1.6- billion Powerball lottery were sold in California, Florida and Tennessee, officials said on Thursday, leaving at least three people to split the record-setting jackpot. California Lottery officials confirmed that the winning six numbers had...
Californian lottery officials have revealed a winning Powerball lottery ticket was sold to someone in Chino Hills. The jackpot was $1,586,400,000.