CNBC's Morgan Brennan reports what led to Atlantic City's downgrade by Moody's.» Read More
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.
BOSTON— Anti-casino activists on Wednesday set their sights on Springfield, which would be home to Massachusetts' first licensed casino, as they attempt to win voter support for a November ballot question to repeal the state's casino law. They said Springfield represents a key battleground since it would be home to a proposed $800 million MGM resort.
ATLANTIC CITY, N.J.— A Wall Street credit rating firm that was among the most pessimistic about the prospects for Internet gambling in New Jersey has cut its already-conservative estimate on the state's first-year online winnings by more than half.
BOSTON— State gambling regulators are weighing how to respond to Boston Mayor Marty Walsh's refusal to participate in arbitration with Wynn Resorts for a financial compensation deal. The Las Vegas- based casino giant proposes a $1.6 billion resort in neighboring Everett as it competes with Mohegan Sun for the sole state gambling license for the Boston area.
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.
ATLANTIC CITY, N.J.— Like a ship struggling to right itself in a roiling sea, Atlantic City's casinos are trying mightily to find balance amid a rapidly contracting and constantly changing gambling market. Not counting the Atlantic Club, which closed in January, the 11 casinos that operated in both 2014 and 2013 increased their revenue by nearly 4 percent in June.
LAS VEGAS— In a story July 10 about an online poker room network, The Associated Press reported erroneously the owner of the Treasure Island resort casino. Gaming Control Board officials said Wednesday that the network, which would be operated by Gibraltar- based 888 Holdings PLC, could be a model for a system connecting players in Nevada and Delaware.
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.
ST. LOUIS, June 25- U.S. authorities are ramping up their investigation into money flows from gambling hotspot Macau to ensure that U.S. casinos with operations there are not used as conduits to funnel crime proceeds from Asia and elsewhere into the U.S. financial system.
A Norway gambling website posted a silly prop bet before the World Cup, and 167 people have cashed in.