Rep. Frank Pallone, (D-N.J.), explains why he is calling for a Congressional hearing to review the legal status of fantasy sports and sports gambling.» Read More
Macau, the world's largest casino market, raked in $38 billion in annual gambling revenues in 2012 after monthly revenues for December hit a record, a signal of sustained strength in the only place in China where visitors are able to legally gamble in casinos.
Wynn Resorts Chairman and Chief Executive Officer Steve Wynn said his company will call a special shareholder meeting to vote on removing dissident former shareholder, and Japanese billionaire, Kazuo Okada from the casino company's board of directors.
Zynga has made a bet on online gambling, and reportedly filed for a gambling license in Nevada. How should you play the stock now? Mark Newton, Greywolf Execution Partners, and Paul Hickey, Bespoke Investment Group, weigh in.
Shares of Zynga rallied after the company filed for a gambling license in Nevada, reports CNBC's Julia Boorstin.
Zynga's "Texas Hold 'Em" game has 34 million monthly users, but it will be a long road to turn them into paying gamblers, reports CNBC's Julia Boorstin.
CNBC's Jane Wells reports from Sen. Harry Reid's state of Nevada, home of the highest unemployment rate and second highest foreclosure rate in the country.
NBC's Jay Gray reports from Dallas on the lotto fever spreading across the U.S. tonight.
NBC News Jay Gray reports from Dallas where many are rushing to pick up tickets for tonight's Powerball; and Katherine Mangu-Ward, Reason Magazine, says that if a Powerball winner comes from New Jersey or New York, it would be a good idea to use the lottery revenue to pay for Sandy recovery efforts.
CNBC's Jane Wells reports Nevada wants online poker made legal, however Las Vegas Review Journal says the bill could be claimed unconstitutional; and ESPN's latest announcement that it will broadcast the college football playoff series for 12 years when it starts in 2014.
Casinos are opening up all over the country, creating jobs and raking in tax revenues, reports CNBC's Brian Shactman. But the money they're taking in is more than likely taking cash from another form of entertainment.
CNBC's Brian Shactman reports on the new Hollywood Casino to open in Columbus, Ohio, which required 3,500 construction workers to build it. Jim Ruben, Granite State Coalition Against Expanded Gambling, and Judy Patterson, American Gaming Association, weigh in on the value of gambling to local and state governments.
Ohio will have four casinos by next spring. The reason: In this case, a third of all money made by Penn National Gaming will go back to Columbus and Ohio in taxes, reports CNBC's Brian Shactman.
On the final play of Monday night's NFL game, a controversial touchdown call changed the game's outcome. Some sources say it was a $150-300 million dollar swing. Various Las Vegas sources told CNBC, it was much more than that.
When casino mogul Sheldon Adelson needed something done in China, he often turned to his company’s “chief Beijing representative,” a mysterious businessman named Yang Saixin, The New York Times reports.
Facebook is venturing into the world of online gambling with the launch of its first application where punters can stake real money.
The tiny principality of Monaco has a lustre usually only found in the world’s greatest cities, but lately it's struggled to shed its image as a shady haven for tax evaders.
Las Vegas casino mogul Sheldon Adelson was in a buoyant mood on a visit to his new project in Macau three months ago. The 5,800-room Sands Cotai Central, scheduled for completion next year, had already cost $4.4billion by then – “but who’s counting?” he said. The FT reports.
While a slowdown in Macau, the world’s number one gaming destination by revenue, has many analysts lowering growth forecasts and cutting stock prices, Goldman Sachs says there’s too much pessimism over the gaming market and investors could see good value in the long term in certain stocks.
Adobe beats earnings but shares fall; Jamie Dimon takes to Capitol Hill again but little new is learned; Wall Street waits to see what the Fed will do tomorrow; Steve Wynn’s former wife sues to sell her shares.
Cheaters are still finding ways to scam millions of dollars from casinos every year. Click ahead to see 10 methods these scammers use.