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Entertainment Gambling

  • Spain's El Gordo lottery worth $2.4B this year

    Spain's annual Christmas lottery is the world's richest sweepstakes and takes place on Thursday.

  • People dressed in costumes attend the draw of Spain's Christmas Lottery "El Gordo" (The Fat One) in Madrid, Spain, December 22, 2015.

    El Gordo, the world's richest sweepstakes, will total a fat $2.4 billion this year, give or take a hundred million.

  • Unusual activity: Betting on MGM

    "Fast Money Halftime Report" trader Jon Najarian discusses unusual options activity in MGM Resorts.

  • *Bill allows high-stakes gambling in Japan for first time. TOKYO, Dec 15- Japan's parliament passed a law on Thursday to legalise casinos, ending 15 years of political argument and opening the way for projects that combine high-stakes gambling with hotels, shopping and conference space. As few as three casinos could generate nearly $10 billion in net profit...

  • *Bill allows high-stakes gambling in Japan for first time. TOKYO, Dec 15- Japan's parliament passed a law on Thursday to legalize casinos, ending 15 years of political argument and opening the way for projects that combine high-stakes gambling with hotels, shopping and conference space. As few as three casinos could generate nearly $10 billion in net profit...

  • TOKYO, Dec 13- A contentious bill to legalise casinos in Japan cleared a key parliamentary panel on Tuesday, paving the way for high-stakes gambling in the world's third-biggest economy. Brushing off concerns- even from within Prime Minister Shinzo Abe's ruling coalition- over gambling addiction and other social ills, lawmakers in an upper house committee...

  • TOKYO, Dec 13- A contentious bill to legalize casinos in Japan cleared a key parliamentary panel on Tuesday, paving the way for high-stakes gambling in the world's third-biggest economy. Brushing off concerns- even from within Prime Minister Shinzo Abe's ruling coalition- over gambling addiction and other social ills, lawmakers in an upper house committee...

  • TOKYO, Dec 13- A contentious bill to legalize casinos in Japan cleared a key parliamentary panel on Tuesday, paving the way for high-stakes gambling in the world's third-biggest economy. Brushing off concerns- even from within Prime Minister Shinzo Abe's ruling coalition- over gambling addiction and other social ills, lawmakers in an upper house committee...

  • TOKYO, Dec 13- A contentious bill to legalise casinos in Japan cleared a key parliamentary panel on Tuesday, paving the way for high-stakes gambling in the world's third-biggest economy. Brushing off concerns- even from within Prime Minister Shinzo Abe's ruling coalition- over gambling addiction and other social ills, lawmakers in an upper house committee...

  • TOKYO, Dec 13- A contentious bill to legalise casinos in Japan cleared a key parliamentary panel on Tuesday, essentially assuring its enactment into law, paving the way for high-stakes gambling in the world's third-biggest economy. Brushing off concerns- even from within Prime Minister Shinzo Abe's ruling coalition- over gambling addiction and other social...

  • TOKYO, Dec 13- A contentious bill to legalize casinos in Japan cleared a key parliamentary panel on Tuesday, essentially assuring its enactment into law, paving the way for high-stakes gambling in the world's third-biggest economy. Brushing off concerns- even from within Prime Minister Shinzo Abe's ruling coalition- over gambling addiction and other social...

  • Private jets bring big spenders so free with their cash- and $100 million credit lines- that the modest Best Sunshine casino, owned by Hong-Kong listed Imperial Pacific, wildly outperforms the top casinos in Macau, the world's biggest gambling hub. Such measures, plus an anti-corruption crackdown that began in early 2014, has dealt a blow to Macau, the...

  • Katz on Macau: Breathe into discomfort, keep eye on longer-term

    David Katz, Telsey Advisory Group managing director, weighs in on the rally in gaming stocks.

  • *Macau to halve daily limit for UnionPay cardholders- SCMP. *Macau says to cut limit per transaction, not per day. MACAU, Dec 9- Macau, the world's biggest gambling hub, moved on Friday to clarify it had not tightened daily cash withdrawal limits for Chinese gamblers, after fears of a crackdown on illicit money outflows sent shares in casino operators tumbling.

  • Dec 9- Hong Kong stocks snapped a three-day winning streak on Friday, with casino shares leading broad market losses following reports that Beijing would put additional limits on ATM cash withdrawals in the gambling haven of Macau. For the week, Hang Seng index still rose 0.9 percent on Wall Street strength. Casino operators including Sands China Ltd, Wynn Macau...

  • *Macau to cut cash UnionPay cardholders can withdraw- SCMP. HONG KONG/ SHANGHAI, Dec 9- Casino stocks from Australia's Crown Resorts to Las Vegas Sands tumbled after a report that Macau, the world's biggest gambling hub, would limit cash withdrawals as part of a Beijing- led crackdown on illicit outflows. The South China Morning Post, citing a finance industry source,...

  • HONG KONG, Dec 9- Casino stocks from Australia's Crown Resorts to Las Vegas Sands tumbled after a report that Macau, the world's biggest gambling hub, would limit cash withdrawals as part of a Beijing- led crackdown on illicit outflows. The South China Morning Post, citing a finance industry source, reported late on Thursday that Macau would halve the amount of cash...

  • Mad Money 2

    Jim Cramer spoke with MGM CEO Jim Murren who said he is still optimistic for Macau, though ATM limits will impact some revenue.

  • Casino stocks crap out

    Casino stocks get slammed on reports Macau is preparing to cut the amount of money people can withdraw from their ATM machines, CNBC's Melissa Lee reports. MGM CEO James Murren shares his reaction with "Mad Money" host Jim Cramer. The "Fast Money" traders weigh in.

  • Dec 8- Macau is preparing to slash in half the amount of cash China UnionPay card holders can withdraw from ATM machines in the world's largest gambling market, the South China Morning Post reported on Thursday, citing a finance industry source. Macau accounts for a substantial portion of U.S. casino operators' annual revenue. Curbs on the daily cash withdrawal...