LAS VEGAS— Wynn Resorts Ltd.' s profit fell 72 percent in the second quarter, stymied by an on-going decline in the Asian gambling enclave of Macau and fewer high-roller Chinese baccarat players in Las Vegas. Still, Wynn said the company is on pace to open its $4.1 billion 1,700- room Wynn Palace casino resort on the Cotai strip area of Macau by March 25.» Read More
Sen. Claire McCaskill called Goldman Sachs "the bookie" in selling synthetic CDOs. Now, real bookies are putting odds on what happens next to the Wall Street giant.
Wynn Resorts is considering moving its global headquarters from Las Vegas to Macau, said its Chairman & CEO, Steve Wynn, in an interview Wednesday with CNBC.
Take advantage of a classic buying opportunity as Wynn lags on MGM Mirage's disappointing guidance, Cramer says. Why? It's all about China.
Just in time for Goldman's CDO case, the creators of the raunchy puppet Broadway hit "Avenue Q" offer an explanation of what a CDO is — and how you get rich off of it!
They say the only things certain are death and taxes. But tax returns — well, those are anybody's guess. Enter YouWager.com, a site that's now taking bets on your tax return.
Kentucky officials have opened a new front in the fight against internet poker, suing the owners of Full Tilt Poker, the US-oriented gambling site, to recover five years’ of losses by residents of the state.
Forget about simply betting on Tiger Woods to win the Masters, British bookmakers are taking wagers on whether the No. 1 player in the world will hit a tree on his first drive or if he'll kiss an anonymous blonde before teeing off.
In contrast to Warren Buffett's long-term optimism for America's economic future, Charlie Munger has a more gloomy outlook. Buffett's long-time business partner and 'right-hand man' is getting some online interest with a parable "about how one nation came to financial ruin."
Prop bets have not only become good radio talk show fodder, but they've also become a good revenue stream for bookmakers.
Billionaire investor Carl Icahn is closer to buying the unfinished Fontainebleau Las Vegas casino-resort on the Strip after two other bids failed to satisfy bankruptcy auction rules.
On a recent Sunday in the sports book at the M Resort in nearby Henderson, gamblers seeking action on professional and college football games were engaging in a much different ritual: betting through hand-held devices no larger than a smartphone.
Las Vegas Sands’ Singapore casino resort is on track to open end of March, but may face delays depending on the weather, said its chairman, Sheldon Adelson.
How much do you know about illegal gambling? Take the following quiz and find out.
CNBC Investigates takes you inside the high-stakes world of illegal gambling where some people are cashing in while others face prison terms or even death.
As you've heard by now, Tiger Woods lost his first endorsement deal on Sunday night as global consulting company Accenture announced their deal with Woods had been immediately terminated.
In the world of illegal gambling, sporting events are far and away the biggest money maker. Click to see the top sports for illegal gambling.
Irish bookmaker Paddy Power is taking bets on which company, if any, will cut its endorsement ties with Tiger Woods.
Billionaire investor Carl C. Icahn said Friday he has agreed to buy a majority of the first-lien bank debt of Trump Entertainment Resorts, which owns three resorts in Atlantic City, N.J.
For the past 10 years, Jesus Leonardo has been cleaning up at an OTB parlor in Midtown Manhattan, cashing in, by his own count, nearly half a million dollars’ worth of winning tickets from wagers on thoroughbred races across the country.
Sands China's IPO price is too expensive and that is why Credit Suisse has an underperform rating on the stock, with a target price of HK$8.50, revealed its research analyst, Gabriel Chan.