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HONG KONG, March 1- The Chinese territory of Macau on Tuesday posted its best monthly gambling revenue performance since October last year and the smallest drop in growth in 20 months as an increase in Lunar New Year tourists boosted the world's largest casino hub. Macau's economy, which relies on the casino industry for over 80 percent of government revenues,...
HONG KONG, March 1- The Chinese territory of Macau on Tuesday posted its best monthly gambling revenue performance since October last year, boosted by an increase in tourist numbers over the Lunar New Year holiday to the world's largest casino hub. The former Portuguese colony said growth in gambling revenue dropped 0.1 percent to 19.5 billion patacas, above...
Crown Resorts said first-half net profit fell by more than a fifth as a corruption crackdown continued to hammer turnover at its resorts in Macau.
Alex Bumazhny from Fitch Ratings says MGM's Q4 results, especially in Las Vegas, were better than anyone had expected.
Macau's mass market gaming segment is stabilizing, says Angela Han lee, gaming analyst at China Merchants Securities, Hong Kong.
CNBC's Jane Wells reports from Las Vegas, where the Chinese New Year celebrations could play a big role in the city's economy.
Along with the rapid growth of fantasy sports has come questions about whether daily fantasy sport betting is even legal.
This would be the largest unclaimed prize in California Lottery history.
Luck may have run out for the winner of a California Lottery jackpot: The person has apparently let $63 million slip away.
The gambling hub's wagering experts say the money is overwhelmingly coming in on the Carolina Panthers.
As Super Bowl week begins, Las Vegas wagering experts say the money is overwhelmingly coming in on the Panthers.
Richard Huang, a research analyst at Nomura, says in Macau lodging and entertainment ventures are getting as much focus as its gaming sector.
CNBC's Emily Tan reports on how China's recent anti-corruption drive have changed Macau's gaming fortunes.
HONG KONG, Feb 1- Gambling revenues for the Chinese territory of Macau dropped 21.4 percent in January, ahead of a Lunar New Year week-long holiday which is expected to boost the number of visitors to the world's largest casino hub. Macau, which relies on the casinos for revenue, has been battered by a two-year-old anti-corruption campaign and slowing growth in...
The New York Times is reporting a payment processor has dropped FanDuel and DraftKings.
Major sports gambling website Pinnacle Sports suspended betting on Sunday.
As the daily fantasy sports industry fights to keep operating across the United States, it's also funneling cash toward lawmakers.
Mayor Don Guardian says the gambling hub may have to declare bankruptcy if the state cannot come up with the funding needed.
Texas is the latest state to declare that daily fantasy sports should be considered gambling, reports CNBC's Dominic Chu.
DENVER/ CHICAGO, Jan 14- The fervor around this week's $1.6 billion Powerball jackpot will feed annual lottery ticket sales worth tens of billions of dollars, but public policy experts estimate only about a quarter of that revenue will ultimately make it into state coffers. The record prize will be divided among three tickets bought in California, Tennessee and...