GENEVA— Switzerland and the United States have split the take of nearly $50 million following the break-up of an illegal online gambling service. The Swiss Justice Ministry says the assets have been divided up following plea agreements in 2009 between the U.S. government and top executives of BetOnSports facing racketeering and other charges.» Read More
CNBC's Eric Chemi looks at how the crackdown on daily fantasy sports sites can even affect Yahoo, but it still could be a positive.
Illinois has not been paying lottery winners of $600 or more since October, due to a state budget impasse between the Republican governor and the Democratic-controlled legislature. Illinois had initially stopped paying winners of $25,000 or more in September. The money is there, "said Thomas Ioppolo, an assistant Illinois attorney general.
SPRINGFIELD, Mass.— The price tag for MGM's planned resort casino in the city continues to climb. Now MGM Resorts International President Bill Hornbuckle says the projected cost of the development has ballooned to more than $950 million despite the company's efforts to propose cost-saving design changes. "The reality is that this project will exceed $950...
Fantasy website FanDuel is shutting down its New York operations, reports CNBC's Sue Herera.
The state's attorney general last week declared the games to be illegal gambling and demanded they stop taking money from New Yorkers.
CNBC's Dom Chu reports the details behind FanDuel and DraftKings failing to get a restraining order.
DraftKings and FanDuel are seeking temporary restraining orders in order to continue operating in New York.
CNBC's Sue Herera reports the latest developments out of FanDuel.
FanDuel has reportedly filed suit against the New York attorney general's office to keep the games going, with CNBC's Eric Chemi. Tom Griffiths, FanDuel co-founder, spoke out at the protest.
FanDuel faithful are gathering outside the offices of the New York attorney general to protest a potential ban in the Empire State.
NEW YORK— An aging mobster threw his hands into the air and shouted "Free," grinning as he walked out of a courthouse following his surprising acquittal on charges he helped plan the legendary 1978 Lufthansa heist retold in the hit Mafia film "Goodfellas." A federal jury reached the verdict Thursday at a Brooklyn racketeering trial where it heard testimony that...
NEW YORK— An aging mobster who stayed mostly in the shadows for decades by adhering to the Mafia's strict code of silence was acquitted Thursday of charges he helped plan a legendary 1978 Lufthansa heist retold in the hit film "Goodfellas." A federal jury reached the surprising verdict at a Brooklyn racketeering trial where it heard testimony that portrayed 80-...
Joe McKeehen, WSOP Main Event Champion, discusses the big win, and skill versus luck. Of the $7.7 million he won, he says he will keep "a pretty large amount."
Fantasy football falls nowhere near gambling, but instead relates more closely to day time trading or investment, Eaton says.
Marc Edelman, Zicklin School of Law Professor, weighs in on the battle over fantasy sports and whether or not it's really gambling. The Closing Bell panel weighs in.
Eric Chemi, Senior Editor-At-Large, CNBC.com, discusses New York's ban on Draft Kings and Fan Duel, and how big a blow it is for the two fantasy sports sites.
"The Profit" host Marcus Lemonis, weighs in on regulating daily fantasy sports websites, earnings from American retailers and success in business, at the iCONIC conference.
Former bankruptcy attorney and Maglan Capital co-founder David Tawil, discusses New York Attorney General Schneiderman's claims against daily fantasy companies in New York.
Steve Aoki, the DJ and producer, tells CNBC he doesn't expect to get rich anytime soon off streaming music services.
Fantasy sports companies DraftKings and FanDuel, are on the defense after the New York State attorney general on Tuesday ordered the companies to stop accepting bets from New York residents, with CNBC's Eric Chemi.