NEW YORK, June 12- The chairman of PokerStars has agreed to pay $50 million to resolve forfeiture demands by the U.S. government connected to a money laundering lawsuit the online gambling company settled last year, court documents said.
BOSTON-- A company that filed a federal lawsuit challenging the constitutionality of a provision in the state's casino gambling law that gave preference to a native American tribe in southeast Massachusetts is fighting the state's bid to dismiss the suit.
LAS VEGAS-- Regulators in Nevada are urging casinos to ban gamblers from wearing Google Glass, the tiny eyeglasses-mounted device capable of shooting photos, filming video and surfing the Internet. The state Gaming Control Board issued a warning Monday saying the devices made by Google Inc. could be used to cheat at card games.
LAS VEGAS-- A Canadian restaurant manager is the first poker aficionado to become a millionaire at this year's World Series of Poker in Las Vegas. Benny Chen, of Prince Edward Island, won $1.2 million Tuesday night in the seven-week poker bonanza that's just getting underway at the Rio hotel and casino off the Strip.
LOS ANGELES, May 22- Caesars Entertainment Group said it plans to go live this summer with an online poker site in Nevada, the only U.S. state so far to offer legal Internet gambling, and will promote the nascent service to thousands of poker players at its World Series of Poker tournament in Las Vegas starting May 29.
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.
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.
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.
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.
A group of 10 lawyers and academics with experience in prior liability cases met in Indianapolis in mid-April to discuss whether a lawsuit claiming online gaming further promotes gambling addiction has a shot at winning.
CHICAGO, May 1- The Illinois Senate passed a bill on Wednesday that would bring much-need revenue to the cash-strapped state by expanding gambling and giving Chicago its first casino. Ahead of the vote, Chicago Mayor Rahm Emanuel reiterated his vow to use casino revenue to aid Chicago's financially strapped public school system.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.