ATLANTIC CITY, N.J.— Bad weather helped keep gamblers away from Atlantic City's casinos in January, but led them to bet and lose more over the Internet. Internet gambling posted a big increase, but all it did was keep a bad month for Atlantic City's casinos from being an even worse one. "January started off strong with the New Year's holiday weekend, but those gains were...» Read More
Macau casinos could win big in 2014, and this chart explains why.
With online gaming in New Jersey live, Tom Ballance, Borgata president and COO, says it is a great time for the gaming industry in New Jersey. The online market is accretive to the overall gaming industry in Atlantic City.
CNBC.com Managing Editor Allen Wastler reports the hottest stories on CNBC.com including Why the 60/40 rule is "downright dangerous" and sees viewers showing a lot of interest in the Pope's comments on capitalism.
New Jersey has rolled the dice on Internet gambling. Brian Mattingley, 888 Holdings CEO, is excited about the opportunity in the U.S. NJ is first state of significant size in the market, he says. CNBC's Dominic Chu weighs in.
Online gambling alone won't save Atlantic City casinos, and the revenues it generates could fall far short of projections, according to Fitch.
As New Jersey becomes the latest state to adopt online gambling, CNBC's Dominic Chu looks into which computerized gaming companies casinos are looking to partner with and where they are located.
Gary Vaynerchuk, "Jab, Jab, Jab, Right Hook" author, says New Jersey's online gambling site is "great" for revenues and saves tax dollars. He also weighs in on CEO turnovers at high-profile companies.
Former Arkansas Senator Blanche Lincoln of "Coalition to Stop Internet Gambling," questions whether the gains from online gambling are worth the damages for the U.S.
States will monitor tax revenues for online gambling, says Harry Curtis, gaming analyst of Nomura Securities. New Jersey becomes the 3rd state to permit online gambling today.
Mitch Garber wants investors to put their money on Web gambling.
New Jersey is rolling out internet gambling today with a 5-day trial. Mitch Garber, Caesars Acquisition president & CEO, offers insight on the trial and projected growth in the U.S. He thinks the U.S. will see one state bet on online gambling one by one.
The Foreign Corrupt Practices Act is hampering U.S. business expansion abroad, especially in the gambling industry. Now bets are moving to Asia.
New York voters' approval of casinos could put the nail in Atlantic City's coffin.
Some of Wall Street's biggest names are focused on India, but it's not the country's finances that have their attention. It's a chess tournament.
CNBC's Jane Wells reports from Santa Anita, CA where the most profitable horse racing event of the year, The Breeders Cup, will take place.
How do you know the economy is coming back? High rollers are paying their gambling debts.
You thought you were in luck with a winning lottery ticket—but think again if you're in the nation's capital.
Borgata Hotel Casino & Spa, owned by Boyd Gaming's and MGM Resorts, said it received the first Internet gaming permit ever in New Jersey.
International Game Technology has rallied 49 percent this year, and is prepared for the reopening of online gambling in New Jersey. Its CEO Patti Hart, offers insight on how money is made with online gambling.
A sports industry insider predicts which events may attract betting, based on the jump in price of a ticket’s face value to its secondary-market asking price.