GO
Loading...

Gambling

More

  • A history of casino revenue, jobs in Atlantic City Sunday, 20 Jul 2014 | 10:08 AM ET

    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.

  • 5 things Atlantic City is doing to reverse slide Sunday, 20 Jul 2014 | 10:06 AM ET

    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 doomed by glut of casinos in region Sunday, 20 Jul 2014 | 9:57 AM ET

    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.

  • Anti-casino group launches Springfield campaign Wednesday, 16 Jul 2014 | 4:02 AM ET

    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.

  • Singapore updates anti-gambling ad     Monday, 14 Jul 2014 | 10:54 PM ET

    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.

  • Trumped? Another Atlantic City casino may close Monday, 14 Jul 2014 | 9:33 AM ET

    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.

  • Einhorn flush with luck in poker's 'Main Event' Friday, 11 Jul 2014 | 2:37 PM ET
    Greenlight Capital President David Einhorn sits at a poker table in Atlantic City, N.J.

    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.

  • High-end, high-stakes poker ring     Friday, 11 Jul 2014 | 1:23 PM ET

    CNBC's Andrea Day speaks with Molly Bloom, the host of a busted, high-stakes poker ring involving celebrity A-listers.

  • High-stakes Hollywood poker     Thursday, 10 Jul 2014 | 2:57 PM ET

    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 shares end flat, casinos renew slide Tuesday, 8 Jul 2014 | 4:12 AM ET

    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.

  • World Cup: How are those bets holding up? Friday, 27 Jun 2014 | 7:00 AM ET
    Belgium's Jan Vertonghen (5) shoots during the 2014 FIFA World Cup group H soccer match between South Korea and Belgium in Sao Paulo, Brazil on June 26, 2014.

    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.

  • World Cup gamblers cash in on Suarez bite bets Wednesday, 25 Jun 2014 | 4:24 AM ET
    Uruguay forward Luis Suarez (R) puts his hand to his mouth after clashing with Italy's defender Giorgio Chiellini.

    A Norway gambling website posted a silly prop bet before the World Cup, and 167 people have cashed in.

  • Should online poker be legal in US?     Friday, 20 Jun 2014 | 1:40 PM ET

    Rep. Jason Chaffetz, (R-Utah), does not think online gaming is right for the U.S., while Tom Russell, C4Cop.com executive director, pushes back.

  • HONG KONG, June 20- Hong Kong shares snapped a four-day losing steak, as the beaten-down Macau gambling sector rebounded, but still suffered a loss for the week. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong gained 0.4 percent, but had its 5- week winning streak ended with a 1.2 percent drop for the week.

  • Atlantic City's Revel casino files for bankruptcy Thursday, 19 Jun 2014 | 6:02 PM ET

    Atlantic City's Revel Casino Hotel filed for bankruptcy and warned its staff that it will shut down soon without a buyer.