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Entertainment Gambling


  • Insider trading hits fantasy sports Tuesday, 6 Oct 2015 | 8:00 AM ET
    Insider trading hits fantasy sports

    Two major fantasy companies were forced to release statements defending their businesses' integrity after what amounted to allegations of insider trading, that employees were placing bets using information not available to the public.

  • Scandal erupts in the world of fantasy sports Tuesday, 6 Oct 2015 | 7:21 AM ET

    A major scandal is erupting in the multibillion-dollar industry of fantasy sports, the New York Times reports.

  • Changes coming for Powerball after slumping sales Friday, 2 Oct 2015 | 1:56 PM ET

    HELENA, Mont.— After a year of slumping sales, lottery officials are changing their popular Powerball game to improve the odds of winning smaller cash amounts while making it harder to walk away with the jackpot, the head of the Montana Lottery said Friday. Montana Lottery financial reports released this month show income from Powerball sales dropped nearly 20...

  • WARSAW, Poland— The Polish government has organized the nation's first shopping receipt lottery aimed at boosting budget income from sales taxes. Deputy Finance Minister Izabela Leszczyna said Thursday the lottery is intended to encourage shoppers to ask for receipts from sellers, leading to less evasion on sales tax. Receipts for purchases of at least 10...

  • Powerball player wins $310M on gas station ticket Thursday, 1 Oct 2015 | 6:48 AM ET

    A $310.5 million Powerball lottery jackpot was waiting to be claimed on a single ticket bought in a Shell gas station in southwestern Michigan.

  • The state Division of Gaming Enforcement said it approved Amaya Inc. to offer its PokerStars and Full Tilt brands. New Jersey officials and outside observers have said the entry of PokerStars could reshape the state's fledgling online betting industry, which had 17 websites, by adding two sites that have 95 million registered users. Amaya's chairman, David...

  • Caesars' new CEO shocked with lack of casino innovation Wednesday, 30 Sep 2015 | 1:59 PM ET

    LAS VEGAS— New Caesars Entertainment Corp. CEO Mark Frissora said he's been shocked at the casino industry's lack of innovation in appealing to younger would-be gamblers. "The time is now," he said, speaking Wednesday on a panel at the industry's annual trade show, the Global Gaming Expo, in Las Vegas. Frissora described himself as an outsider during one of his first...

  • Buying into Vegas at bargain basement prices Wednesday, 30 Sep 2015 | 12:56 PM ET
    Tropicana Las Vegas

    The market for distressed properties has spread from the housing market to the very heart of Sin City.

  • Nevada gambling revenue down 1 percent in August Wednesday, 30 Sep 2015 | 12:41 PM ET

    CARSON CITY, Nev.— Nevada gambling revenue in August dropped a little more than 1 percent from a year earlier, pulled down by an ongoing slide in baccarat play linked to a wavering economy in China. The Nevada Gaming Control Board said Wednesday that the state's casinos kept $908 million of the money gamblers wagered in August, which is down 1.4 percent from August...

  • Come play with us: Casinos try to draw millennials Wednesday, 30 Sep 2015 | 10:50 AM ET
    Casinos are trying to find new ways to attract millennials.

    This week at the Global Gaming Expo, the industry is trying to figure out how to attract a younger crowd with new interests.

  • American Gaming Association CEO Geoff Freeman said Tuesday that illicit gambling damages the industry's credibility with policy makers and the public and steals away customers. Of those, the study looked at 10 cases of online sports betting and unregulated casino parlors linked to larger crime syndicates including the New York and Philadelphia Cosa...

  • MGM's Murren: Macau 'ugly' but Vegas 'better' Tuesday, 29 Sep 2015 | 2:01 PM ET
    Chairman and CEO of MGM Resorts International Jim Murren

    It has not been a good year to be a shareholder in a major casino company. But the CEO says, "We're doing better, thank God."

  • Macau casino shares fold as junket firm sounds alarm Tuesday, 29 Sep 2015 | 12:00 AM ET

    Neptune Group said on Tuesday it may have to wind down operations if the number of VIP gamers in Macau's casinos continues to fall.

  • LAS VEGAS— Move aside one-armed bandits. The casino floor is making room for game zones with oversized popping dice, digital spinning Big Six wheels and virtual roulette, with an eye on adding arcade-style video games in the not-so-distant future. Casinos across the country, with few exceptions, have been keeping more of what's wagered on slots, according to...

  • Macau billionaire jailed in US caught in bribery probe Saturday, 26 Sep 2015 | 6:07 AM ET
    A roulette table is seen at the glitzy Venetian hotel in Macau.

    A billionaire Macau developer arrested for lying to U.S. customs officials was subpoenaed in 2014 as part of a separate foreign bribery investigation.

  • Investments for an aging USA—besides health care Friday, 25 Sep 2015 | 12:42 PM ET
    Seniors participate in a Zumba class during the 8th Annual Healthy Living Festival in Oakland, California. (File Photo).

    Health care is often at the top of the list of industries seen benefiting from Americans living longer, but there are other options.

  • ALBANY, N.Y.— A sizeable drop in off-track-betting in New York state is threatening the solvency of the industry and its contributions to local governments, a state audit released Friday says. Wagering at off-track betting parlors dropped by $1.2 billion from 2009 through 2013, compared to the previous five-year period, according to the report from...

  • BOSTON— Massachusetts gambling regulators expressed concern and frustration Thursday over major revisions MGM has proposed for its $800 million Springfield casino that regulators say took them by surprise. Las Vegas- based casino giant MGM wants to eliminate a 25- story hotel tower and a separate building for residential apartments from the downtown...

  • ALBUQUERQUE, N.M.— Leaders and tribe members of an American Indian community in New Mexico plan to pack a federal courthouse in Colorado next week for arguments in a case they say could affect the way tribes and states negotiate gambling compacts. A hearing in the case of Pojoaque Pueblo is scheduled Monday before the 10th U.S. Circuit Court of Appeals in Denver.

  • TRENTON, N.J., Sept 22- Atlantic City, New Jersey's struggling gambling hub, won state approval on Tuesday to adopt a 2015 budget balanced without tax increases. The state's Local Finance Board unanimously approved the budget, which relies on at least $33 million of redirected casino revenues included in state legislation that Governor Chris Christie could...