Gambling
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LONDON, May 21- Bwin.party has targeted cost savings of 70 million euros this year as it joins other online gambling companies pulling back from markets where regulations are not clear cut.
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May 17- New Jersey announced another step on Friday that will bring it closer to launching online gambling, with plans to publish proposed regulations for Internet wagering on June 3.
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LAS VEGAS-- Nevada regulators have approved Pinnacle Entertainment Inc.' s buyout of rival Ameristar Casinos Inc.. Pinnacle Entertainment Inc. has said the acquisition would save it at least $40 million a year and boost earnings. Ameristar's holdings include casinos in Missouri, Iowa, Colorado, Mississippi, Indiana and Nevada.
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BOSTON-- Developers who are unsuccessful in their pursuit of casinos in the eastern or western regions of Massachusetts could compete in the newly opened southeastern region under a plan approved by the state's gaming commission on Thursday.
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Las Vegas Sands has lost its breach-of-contract lawsuit against Taiwan businessman Richard Suen, reports CNBC's Tyler Mathisen.
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LOS ANGELES-- Betfair Hollywood Park will close by year's end and the 75- year-old racetrack property in Inglewood that hosted Seabiscuit and the first Breeders' Cup in 1984 will be developed with new housing and retail by its owner.
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DOVER, Del.-- A Democratic state lawmaker is reintroducing legislation to allow more casinos in Delaware. Dennis Williams of Wilmington calls for two new casinos, one in New Castle County and one in Sussex County.
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CONCORD, N.H.-- A special House panel said Thursday it would want a bigger profit for New Hampshire if a casino is approved. The joint panel is considering a Senate bill that legalizes one casino with up to 5,000 video slot machines and 150 table games.
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ALBANY, N.Y.-- New York Gov. Andrew Cuomo wants any future new casinos to provide revenue to several counties surrounding each one, not just the county that's host to the facility. New York traditionally provides a cut of profits only to the county where a casino is located to offset the cost of additional police and fire protection and other services.
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Melco Crown Entertainment earnings missed expectations. David Bain, Sterne Agee, explains why the stock remains his top pick.
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LONDON, May 7- Seasonal trading in equities has lost its lustre in the financial crisis, with investors far less likely to "sell in May and go away" than to stay alert for bank busts, bailouts and central bank bonanzas.
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LONDON, May 7- Seasonal trading in equities has lost its lustre in the financial crisis, with investors far less likely to "sell in May and go away" than to stay alert for bank busts, bailouts and central bank bonanzas.
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DUBLIN, May 7- Italian-owned gaming firm GTech is planning to bid for Ireland's next lottery licence and may form an alliance with the country's state postal service which operates the current licence, a Gtech official told the Irish Times newspaper on Tuesday.
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HONG KONG, May 6- Macau casino operator SJM Holdings Ltd, controlled by the family of gambling tycoon Stanley Ho, posted a 12 percent year-on-year increase in first-quarter net profit, buoyed by strong interest from cash-rich Chinese gamblers. Macau, a former Portuguese colony, is the only place in China where citizens can legally gamble in casinos.
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HONG KONG, May 6- Macau casino operator SJM Holdings Ltd, controlled by the family of gambling tycoon Stanley Ho, posted a 12 percent year-on-year increase in first-quarter net profit, buoyed by strong interest from cash-rich Chinese gamblers.
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Orb splashed through the slop to win the Kentucky Derby, giving Hall of Fame trainer Shug McGaughey his first victory in the 139-year-old classic.
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The federal government's recent position that states are free to offer Internet gambling may lead states to turn to the Web as a new source of tax revenue.
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SINGAPORE, May 2- Casino operator Genting Singapore PLC's core earnings fell 35 percent and missed market estimates as premium gamblers got lucky and won more of their bets.
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HONG KONG, May 2- Gambling revenue in Macau, the world's biggest gaming destination, rose 13.2 percent in April year-on-year, buoyed by strong demand from wealthy Chinese punters. Macau, a Portuguese colony until 1999, is the only place in China where casino gambling is legal.
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HONG KONG, May 2- Gambling revenue in Macau, the world's biggest gaming destination, rose 13.2 percent in April year-on-year, buoyed by strong demand from wealthy Chinese punters. Macau, a Portuguese colony until 1999, is the only place in China where casino gambling is legal.
