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  • Cashing in on Atlantic City Thursday, 2 Jul 2015 | 2:14 PM ET
    Cashing in on Atlantic City

    Golden Nugget has seen revenue increase 38 percent this year. CNBC's Morgan Brennan spoke to Golden Nugget executive VP Tom Pohlman in Atlantic City, New Jersey.

  • LONDON, July 2- Greek betting firm OPAP has delayed the planned launch of its video lottery terminals, saying it needs more time to ensure the machines comply with new, tougher rules on machine-based gambling introduced by the current government. OPAP said it had not been expecting the new regulations, which were published on June 12 and call for lower jackpot...

  • SCHENECTADY, N.Y.— A racino on New York's Southern Tier submitted a proposal Thursday for a $145 million expansion to a full Las Vegas-style gambling facility, the first of what is expected to be at least two applications for a casino license in the economically struggling area. The application from Tioga Downs, which is located west of Binghamton, filled 55 boxes...

  • The cases, in Connecticut and Arizona, involve crackdowns on advantage players who say they use card-counting or other methods that shift the odds in their favor, but generally are not illegal. "You do not have a level playing field," said Stanford Wong, a Las Vegas- based gambling expert who advises readers of his newsletters to be aware that tribal properties are...

  • Bookmaker pays out early on Greek "Yes" bet Wednesday, 1 Jul 2015 | 7:52 AM ET

    LONDON, July 1- Bookmakers Paddy Power have made an early payout to gamblers betting that Greece will vote to accept its creditors' bailout terms in a referendum on Sunday, the firm announced on Twitter on Wednesday. Since calling the referendum on Friday, Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept a...

  • LAS VEGAS— Bragging rights are usually the only reward at the end of a well-played video game. Nevada is on the cusp of what could be a casino revolution that turns aisles of slot machines into something more akin to an adult's arcade. Nevada's unanimously approved Senate Bill 9 was backed by the slot machine industry and regulators are in the thick of crafting...

  • LAS VEGAS— Huge crowds and high rollers in Las Vegas for the Floyd Mayweather-Manny Pacquiao fight helped Nevada casinos make more than $1 billion off gamblers in May, according to records released Friday. "To hit a billion, we're pretty pleased," said Nevada Gaming Control Board analyst Michael Lawton. The last time casino winnings topped $1 billion was December...

  • Former 'Survivor' star wins big in poker tourney Friday, 26 Jun 2015 | 12:05 PM ET
    Jean-Robert Bellande

    Jean-Robert Bellande took home $784,828 in the Poker Players Championship at the World Series of Poker in the early morning hours Friday.

  • Sports betting mutual fund Thursday, 25 Jun 2015 | 2:52 PM ET
    Sports betting mutual fund

    Insight to a bill which makes it legal for out-of-state residents to have access to the states licensed sports books through sports betting investment funds, with Quinton Singleton, CG Technology VP.

  • MGM asks to delay opening Massachusetts casino by a year Thursday, 25 Jun 2015 | 12:19 PM ET

    BOSTON— MGM wants to delay the opening of its planned resort casino in western Massachusetts by a year because of a major highway project taking place nearby. The Las Vegas casino giant Thursday submitted a revised project schedule Thursday to the state Gaming Commission that calls for construction to be completed in August 2018 and the casino to officially...

  • Atlantic City rescue bills approved, sent to Christie Thursday, 25 Jun 2015 | 1:44 AM ET

    TRENTON, N.J.— New Jersey lawmakers passed a package of bills Thursday to help Atlantic City and its struggling casinos and schools, and sent it to Gov. The most important of the five bills approved by the state Senate would let Atlantic City's eight casinos make payments in lieu of taxes for 15 years, allowing the gambling halls to know exactly how much they owe...

  • Bill to permit smaller Atlantic City casinos advances Wednesday, 24 Jun 2015 | 11:31 AM ET

    ATLANTIC CITY, N.J.— New Jersey is moving forward with its plan to allow smaller casinos in Atlantic City. The changes come as Atlantic City lost four of its 12 casinos last year. "High-end casinos with a price tag of $1 billion or $2 billion have gone extinct in Atlantic City, crushing the economy and forcing thousands of workers into unemployment," said Deputy...

  • Massachusetts' first slots parlor is open for business Wednesday, 24 Jun 2015 | 2:03 AM ET

    PLAINVILLE, Mass.— Massachusetts jumped into the casino game Wednesday as the state's first slots parlor opened for business to a large and eager crowd of gamblers. state Gaming Commission Chairman Stephen Crosby declared, calling it a "momentous" day for Massachusetts, which became the 40th state to offer casino gambling. Massachusetts has been lagging way...

  • Justices in Ohio hear arguments in slots challenge Tuesday, 23 Jun 2015 | 2:06 AM ET

    John Kasich to legalize video lottery terminals at seven Ohio horse tracks and share proceeds with casino operators running the facilities asked the state Supreme Court Tuesday to allow a lawsuit against the move to go forward. The group argues slots aren't a constitutional form of gambling and lottery proceeds in Ohio must go to education.

  • A poker tourney win is nice. $310K extra is better Wednesday, 17 Jun 2015 | 11:00 AM ET
    World Series of Poker

    Side bets are common among professional card sharks in the pro poker world, but they're not often talked about. Until now.

  • June 16- Kirk Kerkorian, the son of poor Armenian immigrants who used his gambler's instincts to became a multibillionaire Las Vegas casino tycoon, Hollywood mogul, airline owner and auto industry investor, died at age 98.. Three different times- in 1969, 1973 and 1993- Kerkorian built the world's biggest hotel in Las Vegas, the desert gambling capital where he...

  • Report: The next James Bond may be ... Tuesday, 16 Jun 2015 | 8:56 AM ET
    Actor Damien Lewis.

    This British actor is now among the front-runners to become the next James Bond, The Hollywood Reporter said.

  • American Pharoah bettors leave $315K behind Monday, 8 Jun 2015 | 6:33 PM ET
    American Pharoah #5, ridden by Victor Espinoza, comes down the final stretch ahead of the field on his way to winning the 147th running of the Belmont Stakes at Belmont Park on June 6, 2015 in Elmont, New York.

    Bettors who witnessed the first Triple Crown in over 30 years left behind their winnings in favor of the holding on to tickets.

  • Global gambling sector worth over $450 billion Thursday, 28 May 2015 | 9:55 AM ET
    n this handout provided by the Las Vegas News Bureau, the Mirage Resort Race and Sports Book in Las Vegas is shown crowded with basketball fans during NCAA March Madness Tournament  in Las Vegas.

    Global gambling revenues climbed to more than $450 billion in 2014, predicted to reach $525 billion by 2019, according to industry report.

  • May 27- A nun-turned-developer was ordered to pay nearly $1 million for lavish spending and for hiring an ex-con known as Frankie the Fish while building a Mississippi casino, a court ruled on Wednesday. Sandra Manno, a one-time mayor of Marlton, New Jersey, who had spearheaded a vote to legalize gambling in the state, was ordered by a Delaware judge to pay $970,123...