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Entertainment Gambling

  • LOUISVILLE, Ky. _ Churchill Downs Inc. on Wednesday reported first-quarter profit of $7.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. Three analysts surveyed by Zacks expected $282.5 million.

  • BOWLER, Wis.— At 85, Betty Putnam-Schiel has trouble standing, but she gets along well enough in her home on the Stockbridge-Munsee Band of Mohicans' northern Wisconsin reservation thanks to tribal assistants who do everything from shovel her snow to change her lightbulbs. But maybe not for much longer. According to the National Indian Gambling Commission, 240...

  • NEW YORK— One of the nation's top poker players blamed gambling for derailing his life on Thursday as he was sentenced to more than eight years in prison for a $31 million debt collection scam. Travell Thomas, 38, a past winner of World Series of Poker tournaments, sobbed as he described how his gambling was "out of control" before he was criminally charged with...

  • Chris Christie is taking a victory lap in Atlantic City, saying his hard-fought takeover of the struggling gambling resort is starting to pay off with projects like a new university campus and a major casino investment. But the national head of the NAACP and local officials of the civil rights organization are wary of the state's intentions and are...

  • TRENTON, N.J.— New Jersey lottery sales are down for a third year since being privatized. Bruce Rauner fired Northstar in Illinois, the first state to privatize the lottery, after the company fell half a billion dollars short of its projections. Gary Schaer, Democratic chairman of the Assembly Budget Committee in New Jersey, criticized the company's "poor track...

  • President Donald Trump

    Hundred of applicants are vying for a job as "Donald Trump bookkeeper" in Dublin, USA Today reports.

  • HONG KONG, April 1- Revenues from gambling in Macau rose 18 percent in March, beating expectations and posting an eighth consecutive monthly increase as wealthy gamblers took their chances in China's only legal casino hub- the world's biggest. Analysts remain cautious on the sustainability of revenues from the VIP market but have called a bottom to a slump that...

  • *SBM's Monaco state backers keen on Japan- Galaxy president. TOKYO, March 29- Macau casino operator Galaxy Entertainment Group Ltd on Wednesday said it has partnered Societe des Bains de Mer, hoping the Monaco peer will help it trump rivals to win a license in Japan's nascent gambling market. "All of the entities of Monaco and the principality... are very enthusiastic...

  • *SBM's Monaco state backers keen on Japan- Galaxy president. TOKYO, March 29- Macau casino operator Galaxy Entertainment Group Ltd on Wednesday said it has partnered Societe des Bains de Mer, hoping the Monaco peer will help it trump rivals to win a license in Japan's nascent gambling market. "All of the entities of Monaco and the principality... are very enthusiastic...

  • MACAU, March 29- Overseas visitors are an increasingly common sight in Chinas gambling territory of Macau which is trying to diversify an economic model that has depended on mainland high rollers for more than a decade. Now the government has hearkened calls to reposition Macau as a tourism destination, with the number of international visitors growing 8...

  • Betting business goes in peaks and troughs: Ladbrokes Coral CEO

    Ladbrokes Coral CEO Jim Mullen discusses earnings, managing his company's merger and the digital side of the business.

  • Duke Blue Devils guard Frank Jackson drives in a game against the North Carolina Tar Heels on March 10, 2017, at the Barclays Center in Brooklyn, New York.

    March Madness is now underway, and there is money to be made — and lost — on your bets.

  • Duke Blue Devils guard Frank Jackson drives in a game against the North Carolina Tar Heels on March 10, 2017, at the Barclays Center in Brooklyn, New York.

    John Avello, Wynn Las Vegas Sports Book director, discusses business during March Madness, and deregulation under the Trump administration.

  • *Macau revenues showing sustained uptick, up 18 pct in Feb. HONG KONG, March 1- Macau's gambling revenue rose for a seventh month and hit a two-year high in February, in the strongest signal yet the casino hub was firmly on its path to recovery from a slump triggered by China's anti-corruption campaign and slow economic growth. In February, Macau raked in a revenue of...

  • *Macau revenues showing sustained uptick, up 18 pct in Feb. HONG KONG, March 1- Gambling revenue in the Chinese territory of Macau hit a two-year high in February, recovering steadily from a prolonged anti-corruption drive and slowing economic growth that dragged on the world's biggest casino hub over the past three years. In February, Macau raked in a revenue of 23...

  • HONG KONG, March 1- Gambling revenue in the Chinese territory of Macau surged almost 18 percent in February, after dropping over the past three years when a prolonged anti-corruption campaign and slowing economic growth hurt business at the world's biggest casino hub. Gambling revenue rose to 23 billion patacas last month, from 19.5 billion patacas a year ago,...

  • HONG KONG, Feb 28- Macau casino operator Galaxy Entertainment Group posted a better-than-expected 51 percent rise 2016 net profit, thanks to a recovery in the world's biggest gambling hub, and forecast double-digit gaming revenue growth for this year. Galaxy, one of six listed casino operators in the Chinese territory of Macau, had been hit by sagging demand...

  • The Villanova Wildcats celebrate after defeating the North Carolina Tar Heels 77-74 in the 2016 NCAA Men's Basketball National Championship on April 4, 2016 in Houston, Texas.

    March may be the best month to work at Warren Buffett's Berkshire Hathaway, especially for college basketball fans.

  • Secretary of Education Betsy DeVos speaks at the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, February 23, 2017.

    Here are some of the key stories CNBC is following this hour.

  • Someone in Indiana hit a massive jackpot

    A lucky someone in Indiana just got a whole lot richer.