HONG KONG— Casino revenue in the global gambling mecca of Macau fell for a second straight month in July as Chinese high rollers stayed away because of Beijing's corruption crackdown. Wealthy Chinese have powered Macau's boom but analysts say some are avoiding the city as the ongoing corruption clampdown discourages lavish spending.» Read More
SARATOGA SPRINGS, N.Y.— Churchill Downs Inc. is finalizing a deal with the operators of the Saratoga Casino and Raceway to manage the upstate New York gambling facility and another in Colorado, the companies announced Wednesday.
Several states already allocate some lottery revenue to veterans, including three of Missouri's neighbors— Kansas, Iowa and Illinois— along with Texas and West Virginia.
LAS VEGAS— Nevada casino revenue shot up more than 14 percent in June, thanks to a banner month on the Las Vegas Strip and continued growth in baccarat, according to a report released Friday.
CNBC's Morgan Brennan reports what led to Atlantic City's downgrade by Moody's.
JACKSON, Miss.— Gambling revenues tumbled in Mississippi's river region in the first month after Harrah's Tunica Hotel& Casino closed, but the overall downward trend didn't worsen much. Meanwhile, Gulf Coast casinos posted their best June in years, winning enough that overall state casino revenues actually rose from June 2013, though by less than 1 percent.
HONG KONG, July 21- Hong Kong shares sagged on Monday, though the Macau gambling sector regained momentum following losses last week stemming from a corruption probe and disappointing earnings. Galaxy Entertainment Group and Sands China were the standout winners on the Hang Seng, up 3.1 and 2.3 percent respectively.
Here is a look at how gambling revenue and employment have changed since casinos launched in Atlantic City in 1978:. Dec. 29, 1979: Bally's Atlantic City opens. Aug. 13, 1980: Sands Casino Hotel opens.
ATLANTIC CITY, N.J.— Even before a slew of casino closings hit Atlantic City, gambling operators, government officials and regulators had been working to improve the resort's prospects.
ATLANTIC CITY, N.J.— The rapid disintegration of Atlantic City's casino market might be an early indicator of what could happen in other parts of the country that have too many casinos and not enough gamblers. James Whelan, a former Atlantic City mayor.
Singapore has put a new spin on its anti-gambling advertisement, which was mocked globally following Germany's World Cup success. CNBC's Martin Soong and Sri Jegarajah discuss.
July 14- The Trump Plaza Hotel is expected to close in September, making it the fourth casino to close this year in Atlantic City, the faltering New Jersey resort town. Atlantic City, which once held a lucrative East Coast gambling monopoly, has fallen hard as new casinos open in the northeastern United States.
If Trump Plaza closes, Atlantic City could lose a third of its casinos and a quarter of its casino workforce in less than nine months.
Billionaire hedge fund manager David Einhorn is still alive after three days (and nearly 30 hours of play) in the World Series of Poker Main Event.
CNBC's Andrea Day speaks with Molly Bloom, the host of a busted, high-stakes poker ring involving celebrity A-listers.
Molly Bloom, author of "Molly's Game," shares her story of running poker games for Wall Street hot shots and Hollywood's elite, including Matt Damon and Ben Affleck.
HONG KONG, July 8- Hong Kong shares finished flat on Tuesday, as gains in utilities offset losses in Macau casino stocks on concerns that revenues would suffer as gamblers focused on the final week of the World Cup. Among Macau gaming stocks, Galaxy Entertainment Group shed 2.7 percent and Wynn Macau 1.4 percent.
HONG KONG, July 7- Hong Kong shares finished flat on Monday, as strength in the property sector was undercut by losses for Macau casino stocks that recently rallied. China Resources Land and China Overseas Land& Investment advanced 1.6 and 1.7 percent, respectively, on the loosening of housing policies in some cities.
LONDON, July 7- Exploring for oil and gas is like gambling: it's all about playing probabilities, and using technology and skill to improve the odds.
BRUSSELS, July 4- The European Commission will urge countries to demand that online gambling advertisements display warning messages like cigarette packets, according to a draft document seen by Reuters.
How are those World Cup bets faring? Let's just say your chances were better with this former Wall Street whiz than Goldman Sachs.