Macau casinos could win big in 2014, and this chart explains why.» Read More
Since a test of online betting began in New Jersey on Nov. 21, the state Division of Gaming Enforcement says 32,277 had been created accounts as of Thursday. It marks the biggest expansion of gambling in New Jersey since the first Atlantic City casino opened in 1978.. New Jersey is the third state in the nation to offer online gambling, after Nevada and Delaware.
JACKSON, Miss.-- Mississippi casinos won a little more money from gamblers in October, a total of about $165.5 million. The 18 river casinos from Tunica to Natchez won $82.2 million. Mississippi tax collections for the fiscal year that began July 1, 2013, total $85 million.
With online gaming in New Jersey live, Tom Ballance, Borgata president and COO, says it is a great time for the gaming industry in New Jersey. The online market is accretive to the overall gaming industry in Atlantic City.
It's more like you're in Macau, "says Francis Hernando, the Philippine gaming body's vice president for licensed casino development. As a result, the proportion of Macau's gaming revenue from VIPs has fallen to its lowest share since 2006, while spending by middle-class, mass-market gamblers- who do not rely on Macau's idiosyncratic junket system- is surging.
CNBC.com Managing Editor Allen Wastler reports the hottest stories on CNBC.com including Why the 60/40 rule is "downright dangerous" and sees viewers showing a lot of interest in the Pope's comments on capitalism.
New Jersey has rolled the dice on Internet gambling. Brian Mattingley, 888 Holdings CEO, is excited about the opportunity in the U.S. NJ is first state of significant size in the market, he says. CNBC's Dominic Chu weighs in.
Online gambling alone won't save Atlantic City casinos, and the revenues it generates could fall far short of projections, according to Fitch.
Nov 26- Online gambling alone won't save struggling Atlantic City casinos, and the revenues it generates could fall far short of projections by Governor Chris Christie, Fitch Ratings said on Tuesday.
As New Jersey becomes the latest state to adopt online gambling, CNBC's Dominic Chu looks into which computerized gaming companies casinos are looking to partner with and where they are located.
Gary Vaynerchuk, "Jab, Jab, Jab, Right Hook" author, says New Jersey's online gambling site is "great" for revenues and saves tax dollars. He also weighs in on CEO turnovers at high-profile companies.
Former Arkansas Senator Blanche Lincoln of "Coalition to Stop Internet Gambling," questions whether the gains from online gambling are worth the damages for the U.S.
States will monitor tax revenues for online gambling, says Harry Curtis, gaming analyst of Nomura Securities. New Jersey becomes the 3rd state to permit online gambling today.
Nov 21- New Jersey will launch a five-day "soft" trial of 13 online gambling sites Thursday, ahead of the official November 26 debut of Internet gaming in the most populous state to date. New Jersey follows Nevada and Delaware in permitting online poker, and will also allow residents to play other casino games online, as well.
Mitch Garber wants investors to put their money on Web gambling.
New Jersey is rolling out internet gambling today with a 5-day trial. Mitch Garber, Caesars Acquisition president & CEO, offers insight on the trial and projected growth in the U.S. He thinks the U.S. will see one state bet on online gambling one by one.
The Foreign Corrupt Practices Act is hampering U.S. business expansion abroad, especially in the gambling industry. Now bets are moving to Asia.
LONDON, Nov 8- Online gaming group bwin.party Digital Entertainment has been given permission to start offering gambling in New Jersey, the third and potentially most lucrative U.S. state to allow internet betting.
LONDON, Nov 8- Online gaming group bwin.party Digital Entertainment has been given permission to start offering gambling in New Jersey, the third and most lucrative U.S. state to allow internet betting.
New York voters' approval of casinos could put the nail in Atlantic City's coffin.
Some of Wall Street's biggest names are focused on India, but it's not the country's finances that have their attention. It's a chess tournament.