Entertainment Gambling

  • LAS VEGAS— Officials say Affinity Gaming, the Las Vegas- based owner of 11 casinos in Nevada, Colorado, Missouri and Iowa, has been sold for $580 million to a New York private equity firm. Affinity owns the Silver Sevens hotel-casino in Las Vegas, three hotel-casinos in the Nevada- California state line town of Primm, and the Rail City Casino in Sparks.

  • DUBLIN, Aug 24- Gambling company Paddy Power Betfair increased the scale and pace of cost savings from its merger, fleshing out its strategy following a 31 percent jump in first-half earnings. Online betting exchange Betfair and Paddy Power, which has a chain of shops as well as an online business, completed a 6 billion pound merger in February with the initial aim...

  • WESTLAKE, La.— The Isle of Capri Casinos, Inc. has agreed to sell its Westlake property for about $134.5 million to a New Mexico developer. If the deal is approved by the Louisiana Gaming Control Board, Kicks Entertainment— an entity of Laguna Development Corp.— is planning some improvements to the site. Sayre said Isle of Capri remains a relevant gambling...

  • MANILA, Aug 23- The Philippines will issue online gaming licenses soon for operators that target overseas punters, seeking a new revenue source after deciding not to renew permits for services used by poor Filipinos. Philippine President Rodrigo Duterte, who has already unleashed a crackdown on drugs, is turning his guns on a booming online gaming industry and...

  • Gambling faces higher taxes and tighter regulations in Europe, and a series of mergers has intensified competition as firms market themselves to younger sports fans betting via mobile apps. Rank, whose business is predominantly in Britain where it owns the Mecca Bingo and Grosvenor Casinos chains, was still scouting for deals, its head said on Tuesday, after...

  • Figures released Monday by the state Division of Gaming Enforcement show the eight casinos reported a collective second-quarter profit of about $259 million, compared with $213 million in 2015. The division also reported that operating profits for the gambling halls in the second quarter of the year were up 15 percent, at $152 million, compared with $132...

  • Steve Wynn doubles down on Macau with new $4B casino

    CNBC's Susan Li takes a closer look at Steve Wynn's new $4 billion casino in Macau.

  • Olympic betting in full swing

    CNBC's Andrew Ross Sorkin takes a look at beating the odds in Vegas on the Olympics games.

  • Wynn Resorts Chairman and CEO Steve Wynn speaks at the Global Gaming Expo (G2E) 2014 at The Venetian Las Vegas on September 30, 2014 in Las Vegas, Nevada.

    Despite having known Donald Trump for over 30 years, Steve Wynn is surprised at the level of discourse this election.

  • MACAU— From a pair of giant golden dragons encircling a vast man-made lagoon to phoenix and cloud motifs inside, Steve Wynn's Macau resort brims with auspicious Chinese symbolism. The U.S. casino mogul will need luck on his side as launches his $4.2 billion Wynn Palace project in the gambling hub on China's southern coast, where growth is downshifting after...

  • Bulls gamble on Boyd

    "Halftime Report" trader Jon Najarian explains why he is seeing strong bullish buying in Boyd Gaming.

  • Legalizing online poker

    Discussing the pros and cons of legalizing online poker with Rev. James Butler, California Coalition Against Gambling Expansion, and Jason Somerville, professional poker player.

  • In this July 13, 2016 file photo, casino workers and activists protest outside Trump Taj Mahal owner Carl Icahn's office on Fifth Avenue in New York City.

    Carl Icahn said he lost $100 million on the Trump Taj Mahal's failure. But he can make some back at the Tropicana.

  • Powerball officials say just one winning ticket will claim the eighth-largest jackpot in US history.

  • A woman holds Powerball lottery tickets outside Bluebird Liquor in Hawthorne, Los Angeles, California, United States, January 12, 2016. The Powerball Jackpot has reached a record $1.5 billion.

    Powerball officials say one ticket sold in New Hampshire matches all six numbers in the Powerball drawing worth $487 million.

  • HONG KONG, Aug 1- Macau posted a drop in gambling revenue in July, stretching declines for a 26th consecutive month, as wealthy gamblers continued to steer clear of the world's biggest casino hub amid a protracted anti-corruption campaign by Beijing. Macau, a former Portuguese colony, is highly dependent on gambling with revenues from six licensed operators...

  • A customer buys Powerball tickets at Kavanagh Liquors on January 13, 2016 in San Lorenzo, California.

    If a single ticket wins, it will be worth $341.7 million in a lump-sum payment, before federal taxes.

  • Powerball jackpot swells to $478M

    If a winning ticket is drawn on Saturday, the winner could cash out with a payout of roughly $330-million.

  • Dart board with target missed

    Wide discrepancies often exist between the political polls and betting markets. Why is that?

  • People line up to buy Powerball lottery tickets in Los Angeles.

    Powerball is based on lottery tickets sold for $2 each. It is played in 44 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.