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  • Playtech CEO mulls larger acquisitions Thursday, 27 Aug 2015 | 11:00 AM ET
    Playtech CEO mulls larger acquisitions

    Mor Weizer, CEO of Playtech, discusses his company and trends in the gambling industry.

  • BISMARCK, N.D.— U.S. prosecutors say the sentence for a man convicted in North Dakota of leading a Jamaican lottery scam should reflect the "severe mental anguish" he caused his victims. Authorities say Sanjay Williams, of Montego Bay, Jamaica, was a "lead broker" who bought and sold "sucker lists" of potential victims. The case began when an FBI agent from North Dakota...

  • Paddy Power, Betfair to merge into online betting giant Wednesday, 26 Aug 2015 | 5:47 AM ET

    LONDON— Paddy Power and Betfair have agreed to merge, creating one of the world's largest online betting and gaming companies by revenue. The companies say Paddy Power shareholders would own 52 percent of the combined group and Betfair shareholders would own 48 percent. Paddy Power Chairman Gary McGann would be chairman of the combined group, with Betfair...

  • *Paddy Power agrees merger with betting exchange Betfair. DUBLIN/ LONDON, Aug 26- Betfair and Irish rival Paddy Power have agreed in principle on a 5 billion pound merger to stake a claim to leadership of the online gambling market in Britain. "We fundamentally believe this industry is all about scale," said Betfair Chief Executive and ex- Paddy Power Chief Operating...

  • LONDON, Aug 26- Online gambling company Betfair and Irish rival Paddy Power said on Wednesday they had reached an agreement in principle on a 5 billion pound merger, marking the latest in a string of deals in the sector. Under the terms, Paddy Power shareholders would own 52 per cent of the group with Betfair shareholders owning the rest. Betfair Chief Executive...

  • NEW YORK— A casino bus crashed into a three-story brick building Monday, sheering off a large part of the structure and injuring six people, authorities said. The Resorts World Casino bus, swerving to avoid hitting a car, struck the building that houses a law office at about 2:30 p.m. in the Rego Park section of Queens. Fran Ferraro, a receptionist at Professional...

  • NEW YORK— A casino bus crashed into a three-story brick building Monday, sheering off a large part of the structure and injuring six people, authorities said. The Resorts World Casino bus, swerving to avoid hitting a car, struck the building that houses a law office at about 2:30 p.m. in the Rego Park section of Queens. Fran Ferraro, a receptionist at Professional...

  • ATLANTIC CITY, N.J.— Less competition has led to greater profits for most of the casinos that survived a painful shrinkage of Atlantic City's gambling market last year. In April, May and June of this year, Atlantic City collectively earned $132.1 million, compared with $103 million in the same period last year. Four of the city's 12 casinos shut down last year— the...

  • ATLANTIC CITY, N.J.— Now, it seems, even the birds are against Revel. The owner of Atlantic City's former Revel casino blames giant seagulls for smashing windows in the vacant gambling hall. In a July 20 court filing referenced by a federal judge on Thursday, Julie Morrone, a principal of a management company writing on behalf of Bank of New York Mellon, told the court...

  • Virginia City saloon owner denied gambling license Thursday, 20 Aug 2015 | 5:04 PM ET

    LAS VEGAS— A California man who bought two saloon casinos in Virginia City will be forced to sell them after Nevada regulators said he was unfit to be involved in the state's gambling industry. The Nevada Gaming Commission unanimously denied Vincent Michael Malfitano a license on Thursday and barred him from being the casinos' landlord. He bought the Delta...

  • Massachusetts casino takes in $18M in first month Tuesday, 18 Aug 2015 | 7:19 AM ET

    PLAINVILLE, Mass.— State gambling regulators say Massachusetts' first casino made more than $18 million in gross gambling revenue in its first full month in business, generating $8.9 million for the state. Eric Schippers of Plainridge owner Penn National Gaming said the take was in line with expectations. Gambling experts warn that Plainridge's real test will...

  • Weaker yuan deals Asia's casinos a losing hand Monday, 17 Aug 2015 | 12:16 AM ET
    People walk through a concourse with their luggage at Hong Kong International Airport.

    Asian travel hotspots may be counting on an ever-growing horde of Chinese tourists for growth, but the weaker yuan may choke off the flow of travelers.

  • Most big casino stocks suffering, but not this one Friday, 14 Aug 2015 | 2:33 PM ET
    Guests playing a slot machine at the Plainridge Park Casino in Massachusetts.

    Investing in gambling? Shares of PENN, a domestic casino company on the move, stand out with the rest of the industry in flux.

  • HONG KONG, Aug 3- Gaming revenue in Macau fell 34.5 percent in July from the previous year, hovering around five-year lows as wealthy Chinese punters stayed away from the world's biggest gambling hub. Gambling revenue fell year-on-year to 18.6 billion patacas, according to data released by the Macau government on Monday. Macau is the only legal casino hub in...

  • A signing bonus for DraftKings Monday, 27 Jul 2015 | 10:00 AM ET
    A signing bonus for DraftKings

    DraftKings raises $300 million; now valued at around $1.2 billion.

  • Mohegan Sun takes gamble with online casino for NJ Wednesday, 22 Jul 2015 | 4:02 PM ET
    People play the slot machines at the Mohegan Sun in Uncasville, CT

    Mohegan Sun enters New Jersey's online casino market this week with a real-money gambling website, Mohegansun.com.

  • July 17- Employees at the Trump Taj Mahal casino, in New Jersey's struggling gambling hub Atlantic City, have voted to authorize a strike over sharp cuts in pay, benefits and other issues, their union said on Friday. About a thousand people would potentially walk out, including bartenders, cocktail waitresses, bellmen, cooks and housekeepers, according to Ben...

  • Poker's biggest star misses final table at Series Wednesday, 15 Jul 2015 | 11:17 AM ET
    Daniel Negreanu on the floor after his elimination.

    Poker's biggest star, Daniel Negreanu, came up two places short of making the final table of the Main Event in the World Series of Poker.

  • Pro poker's biggest shark closes on tourney final Tuesday, 14 Jul 2015 | 1:14 PM ET
    Daniel Negreanu, World Series of Poker

    One of the biggest names in professional poker is just one day away from getting to the sport's biggest stage.

  • Yahoo bets on fantasy sports Thursday, 9 Jul 2015 | 6:00 AM ET
    Yahoo bets on fantasy sports

    Yahoo gets into online gambling. It has unveiled an upgraded version of its fantasy sports mobile app called Daily Fantasy that lets users bet real money on competitions amongst friends or in larger tournaments.