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Entertainment Gambling


  • Ohio's Big Gamble Monday, 8 Oct 2012 | 1:45 PM ET
    Ohio's Big Gamble

    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.

  • Bad NFL Call: A $1 Billion Mistake? Tuesday, 25 Sep 2012 | 12:29 PM ET
    Wide receiver Golden Tate #81 of the Seattle Seahawks makes a catch in the end zone to defeat the Green Bay Packers on a controversial call by the officials at CenturyLink Field on September 24, 2012 in Seattle, Washington.

    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.

  • Sheldon Adelson

    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 Ventures into Online Gambling Tuesday, 7 Aug 2012 | 10:09 AM ET

    Facebook is venturing into the world of online gambling with the launch of its first application where punters can stake real money.

  • Monaco Struggles to Shake Image as Shady Tax Haven Tuesday, 24 Jul 2012 | 1:52 PM ET

    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.

  • Macau’s Wheel of Fortune Turns Sunday, 15 Jul 2012 | 8:58 PM ET

    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.

  • roulette_new_200.jpg

    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.

  • Last Call: The Caddyshack Rally Tuesday, 19 Jun 2012 | 11:39 PM ET
    NYSE trader

    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.

  • 10 ways people cheat in casinos Wednesday, 13 Jun 2012 | 10:36 AM ET
    There’s no doubt about it, gambling means big business. Casinos in the U.S. raked in $62.8 billion in 2011, according to Spectrum Gaming Group, a research and professional services firm. But with the good comes the bad for the gaming industry — cheating is also a big money maker for those who find ways to deceive the house. Thanks to technology, it’s getting harder to pull off. Casinos have cameras trained on every table and are always on the lookout for anything suspicious. But some people stil

    Cheaters are still finding ways to scam millions of dollars from casinos every year. Click ahead to see 10 methods these scammers use.

  • Under the Radar Stocks: 'Buy' Ancestry.com? Monday, 2 Apr 2012 | 3:50 PM ET
    Under the Radar Stocks: 'Buy' Ancestry.com?

    CNBC's Brian Shactman reports under the radar stocks investors should keep an eye on.

  • Travel & Leisure Stocks Monday, 2 Apr 2012 | 1:50 PM ET
    Travel & Leisure Stocks

    Weighing in on how travel and leisure stocks are faring around the world, with Jake Fuller, Lazard Capital Markets analyst. U.S. travel is strong and European travel is weakening, he says.

  • Winning Gaming Stocks Monday, 2 Apr 2012 | 1:45 PM ET
    Winning Gaming Stocks

    CNBC's Brian Shactman breaks down where gamblers are regionally focused.

  • #MegaMillions in 140 Characters or Less Friday, 30 Mar 2012 | 7:57 PM ET

    Mega Millions fever took over the nation today, including Twitter, where users shared their thoughts on how they’d spend the $640 million jackpot in 140 characters or less.  Here are a few of our favorites.

  • Mega Millions Jackpot at $500M Thursday, 29 Mar 2012 | 10:26 AM ET
    Mega Millions Jackpot at $500M

    CNBC's Darren Rovell has the story on whether it would benefit lottery players to try to buy every number combination to win the jackpot.

  • 11 Celebrities Hit by the Taxman Tuesday, 20 Mar 2012 | 4:51 PM ET
    It’s not tax time just yet, but it’s looming uncomfortably on the horizon. The conscientious among us have already filed their tax forms or are in the process of doing so. The rest of us hem, haw and put it off until the last minute.Apart from the punctual and the lackadaisical, another category of taxpayer exists: The taxpayer who, for one reason or another, has failed to accurately disclose all of his or her earnings. Sometimes this is a simple mistake. Sometimes it’s the accountant’s fault. S

    Some celebrities, including Lauryn Hill, fell out of good standing with the IRS, and paid dearly for it. Read ahead to see some of the celebrities who just didn’t get that return in on time.

  • When Wynn Goes ‘Gazetting’ Friday, 2 Mar 2012 | 3:11 PM ET
    Wynn Las Vegas

    Wynn Resorts created a stir Friday morning when it mistakenly sent a regulatory filing to the SEC about a potential land deal for a second resort in Macau

  • Is Caesar's IPO a Bad Bet? Tuesday, 7 Feb 2012 | 5:37 PM ET
    Is Caesar's IPO a Bad Bet?

    David Bain, Sterne Agee gaming analyst, provides insight on Caesar's initial public offering, warning investors to avoid it unless they expect a huge economic turnaround, with the Fast Money traders.

  • Caesar’s Scaled Back IPO Prices At $9.00 a Share Tuesday, 7 Feb 2012 | 5:07 PM ET
    Caesars Palace in Las Vegas, Nevada.

    As part of Tuesday’s offering, it will sell only 1.8 million shares to the public – a small 1.4 percent of the company. A select group of co-investors will also be allowed to sell a block of roughly 11 million shares once the stock opens for trading.

  • Obama to Return Major Donations Tied to Fugitive Tuesday, 7 Feb 2012 | 6:26 AM ET
    President Barack Obama makes a statement on his birth certificate at the White House in Washington, DC, on April 27, 2011.

    Two American brothers of a Mexican casino magnate who fled drug and fraud charges in the United States and has been seeking a pardon enabling him to return have emerged as major fund-raisers and donors for President Obama’s re-election campaign, The New York Times reports.

  • Macro Trader Finds Opportunity in Super Bowl XLVI Thursday, 2 Feb 2012 | 10:08 AM ET
    New England Patriots fans wait in line to pick up their Super Bowl tickets at Gillette Stadium.

    John Netto is putting his own wager on the Big Game, and taking wagers too through his sports-odds making company called Quantitative Sports Strategies run out of Las Vegas, Nevada.