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  • Macau casino revenue plunges by over a third Tuesday, 1 Sep 2015 | 7:03 AM ET

    Gambling revenue in Macau dropped 35.5 percent in August from a year earlier, sliding for a fifteenth month in a row and providing more evidence of a deepening downturn.

  • China slowdown hits the Vegas Strip Friday, 28 Aug 2015 | 12:30 PM ET
    The Las Vegas strip.

    We know that China's slowdown has hurt Wall Street. But it's also causing problems in that other famous center of American speculation.

  • CARSON CITY, Nev.— Baccarat revenues in Nevada casinos continue to disappoint, but better showings among slot machines are helping reduce the hit in state gambling revenues. The Nevada Gaming Control Board reported Friday that Nevada casinos kept nearly $923 million of what was gambled in July, a figure that's 1 percent down from the same month last year.

  • UPDATE 1-888 and GVC head into final battle for Bwin Friday, 28 Aug 2015 | 5:51 AM ET

    LONDON, Aug 28- A battle to buy online gambling firm Bwin.party is set to intensify this weekend with 888 likely to have to raise its 900 million pound offer to see off smaller rival GVC. Bwin has promised an update to the market on Tuesday after a long holiday weekend in Britain. The bid battle fits into wider consolidation in the gambling sector as firms try to bulk...

  • ATLANTIC CITY, N.J.— A professional gambler accused of cheating an Atlantic City casino out of $9.6 million by seeking an unfair edge at cards says the casino has its own method of gaining an advantage: plying gamblers with free booze served by flirty, scantily clad waitresses. Phil Ivey is using the unusual defense against allegations that he and a partner...

  • 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...

  • 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.