GO
Loading...

Gambling

More

  • Atlantic City Casino Revenue Slide Slows Monday, 10 May 2010 | 3:43 PM ET

    Casino revenues in the nation's second-largest gambling market were down less than 1 percent in April, indicating a prolonged slide may finally be leveling off.

  • Real Bookies Bet on Goldman Sachs Wednesday, 28 Apr 2010 | 3:19 PM ET
    Daniel Sparks, former partner and head of the Mortgages Department at the Goldman Sachs Group, Joshua Birnbaum, former managing director of the structured products group trading for The Goldman Sachs Group, Michael Swenson, managing director of structured products group trading for The Goldman Sachs Group and Fabrice Tourre, executive director of the structured products group trading for The Goldman Sachs Group are sworn in while testifying before the Senate Homeland Security and Governmental Af

    Sen. Claire McCaskill called Goldman Sachs "the bookie" in selling synthetic CDOs. Now, real bookies are putting odds on what happens next to the Wall Street giant.  

  • Wynn Resorts May Move Headquarters to Macau: CEO Wednesday, 21 Apr 2010 | 4:21 AM ET

    Wynn Resorts  is considering moving its global headquarters from Las Vegas to Macau, said its Chairman & CEO, Steve Wynn, in an interview Wednesday with CNBC.

  • Buy Wynn. It's No Mirage Monday, 19 Apr 2010 | 8:30 PM ET

    Take advantage of a classic buying opportunity as Wynn lags on MGM Mirage's disappointing guidance, Cramer says. Why? It's all about China.

  • How to Get Rich Off a CDO — 'Avenue Q' Style Monday, 19 Apr 2010 | 2:05 PM ET

    Just in time for Goldman's CDO case, the creators of the raunchy puppet Broadway hit "Avenue Q" offer an explanation of what a CDO is — and how you get rich off of it!

  • Hot Tip: Bet on Taxes Thursday, 15 Apr 2010 | 10:49 AM ET

    They say the only things certain are death and taxes. But tax returns — well, those are anybody's guess. Enter YouWager.com, a site that's now taking bets on your tax return.

  • Kentucky to Sue Poker Site for Residents' Losses Thursday, 8 Apr 2010 | 5:07 AM ET
    gavel and money

    Kentucky officials have opened a new front in the fight against internet poker, suing the owners of Full Tilt Poker, the US-oriented gambling site, to recover five years’ of losses by residents of the state.

  • Brits Bet on Tiger's First Drive Hitting a Tree Wednesday, 31 Mar 2010 | 9:39 AM ET
    Tiger Woods hits out of a bunker on the eighth green during a playoff round at the US Open golf tournament, Torrey Pines Golf, San Diego, California.

    Forget about simply betting on Tiger Woods to win the Masters, British bookmakers are taking wagers on whether the No. 1 player in the world will hit a tree on his first drive or if he'll kiss an anonymous blonde before teeing off.

  • In contrast to Warren Buffett's long-term optimism for America's economic future, Charlie Munger has a more gloomy outlook.  Buffett's long-time business partner and 'right-hand man' is getting some online interest with a parable "about how one nation came to financial ruin."

  • Prop Bets - Fringe No More Wednesday, 3 Feb 2010 | 8:31 AM ET
    Super Bowl XLIV

    Prop bets have not only become good radio talk show fodder, but they've also become a good revenue stream for bookmakers.

  • Billionaire Icahn Is Last Bidder for Fontainebleau Casino Wednesday, 20 Jan 2010 | 5:41 PM ET
    Carl Icahn

    Billionaire investor Carl Icahn is closer to buying the unfinished Fontainebleau Las Vegas casino-resort on the Strip after two other bids failed to satisfy bankruptcy auction rules.

  • In Las Vegas, Sports Books in a Pocket Monday, 28 Dec 2009 | 12:06 PM ET
    Welcome to Las Vegas Sign

    On a recent Sunday in the sports book at the M Resort in nearby Henderson, gamblers seeking action on professional and college football games were engaging in a much different ritual: betting through hand-held devices no larger than a smartphone.

  • Las Vegas Sands’ Singapore casino resort is on track to open end of March, but may face delays depending on the weather, said its chairman, Sheldon Adelson.

  • Illegal Gambing Monday, 14 Dec 2009 | 4:30 PM ET

    How much do you know about illegal gambling? Take the following quiz and find out.

  • Big Business of Illegal Gambling Monday, 14 Dec 2009 | 11:15 AM ET
    Across the United States, billions are being made outside the law. Illegal gambling may conjure images of mobsters, bookies and threats of violence — and while that underground world still exists — technology has made illegal gambling much more accessible and somewhat less shady. The same computer you use for work or to connect with friends can be used to wager outside the law. It's a thriving illegal business hiding in plain sight.

    CNBC Investigates takes you inside the high-stakes world of illegal gambling where some people are cashing in while others face prison terms or even death.

  • Will Tiger Lose Any More Deals? Monday, 14 Dec 2009 | 3:12 AM ET
    Tiger Woods Accenture Ad with the headline "The Road to Performance Isn't Always Paved".

    As you've heard by now, Tiger Woods lost his first endorsement deal on Sunday night as global consulting company Accenture announced their deal with Woods had been immediately terminated.

  • Top Sports for Illegal Wagers Friday, 11 Dec 2009 | 2:32 PM ET
    In the world of illegal gambling, sporting events are far and away the biggest money maker. Literally hundreds of billions of dollars are wagered illegally in the United States on sporting events every year — from the bar-room bookie deals for hundreds, even thousands, of dollars at a time, to the simple Super Bowl office pool (yes, buying that $5 square is illegal in almost every corner of the country), millions of people are in on the action. Click ahead to see the top sports for illegal gambl

    In the world of illegal gambling, sporting events are far and away the biggest money maker. Click to see the top sports for illegal gambling.

  • Bookmaker Takes Bets On Tiger’s Endorsements Friday, 11 Dec 2009 | 1:37 PM ET

    Irish bookmaker Paddy Power is taking bets on which company, if any, will cut its endorsement ties with Tiger Woods.

  • Icahn Agrees to Buy Debt of Trump's Casino Company Friday, 11 Dec 2009 | 12:58 PM ET
    Carl Icahn

    Billionaire investor Carl C. Icahn said Friday he has agreed to buy a majority of the first-lien bank debt of Trump Entertainment Resorts, which owns three resorts in Atlantic City, N.J.

  • Picking (Up) Winners Without Placing a Bet Tuesday, 8 Dec 2009 | 12:57 PM ET
    A man holds his betting slips and money at an Off-Track Betting (OTB) parlor in Midtown Manhattan.

    For the past 10 years, Jesus Leonardo has been cleaning up at an OTB parlor in Midtown Manhattan, cashing in, by his own count, nearly half a million dollars’ worth of winning tickets from wagers on thoroughbred races across the country.