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Gambling

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  • 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.

  • Sands China is "Too Expensive": Analyst Monday, 30 Nov 2009 | 3:55 AM ET

    Sands China's IPO price is too expensive and that is why Credit Suisse has an underperform rating on the stock, with a target price of HK$8.50, revealed its research analyst, Gabriel Chan.

  • Drugs, Booze and Vegas Thursday, 19 Nov 2009 | 10:55 PM ET

    In what may be the nastiest spat since the days when Vegas handled disputes outside of court—if you get my meaning—Watanabe has filed a lawsuit accusing Hurrah's of plying him with alcohol and prescription drugs in an attempt to keep him gambling. In the end, he says he lost more than $100 million.

  • Seven Deadly Sin Stocks on the Move Thursday, 29 Oct 2009 | 3:10 PM ET
    Exotic Dancer

    Whether the economy is in a boom or a bust, the so-called "sin stocks" are supposed to be business as usual either way.  In reality though, many of the stocks trading in the gambling, drinking and adult entertainment sectors have proven to be extremely volatile of late.

  • Wynn Resorts Shares Pop in Debut; CEO Credits Staff Friday, 9 Oct 2009 | 4:40 PM ET

    Despite a struggling gaming industry, Wynn Resorts CEO Steve Wynn said a hospitable staff allowed Wynn Macau shares to close 7 percent higher than their IPO price of $10.08 Hong Kong dollars.

  • Sector Trade: Gaming Friday, 18 Sep 2009 | 6:18 PM ET

    Vegas stocks have been on fire lately, but is there really anything exciting at the casinos that’s going to draw people to the Strip? You might be surprised!

  • Casinos and Lotteries Try New Tactics to Lure Customers Thursday, 10 Sep 2009 | 4:28 PM ET

    Casinos and lotteries in most states are reporting a downturn in revenue for the first time, resulting in a drop in the money collected by state and local governments, according to new state data.

  • Atlantic City Takes Hit as Pennsylvania Casino Opens Friday, 10 Jul 2009 | 3:41 PM ET

    For months, Atlantic City has been dreading the opening of a new casino in Bethlehem, Pa., a short drive from some of its best markets in northern New Jersey and New York.

  • One Wimbledon Final Ticket for Over $32,000? Thursday, 2 Jul 2009 | 10:02 AM ET

    Tickets for the chance to see British tennis hopeful Andy Murray play in the men’s final of the Wimbledon championship have been rocketing in price, with one tout offering to sell centre court tickets for £20,000 ($32,636) each, according to media reports.

  • Exiled by Russia: Casinos and Jobs Monday, 29 Jun 2009 | 5:21 AM ET

    One of the largest mass layoffs in recent Russian history is to occur on Wednesday, and the Kremlin itself is decreeing it, economic crisis or not.

  • Tiger Gives Boost To Golf Betting Thursday, 18 Jun 2009 | 9:38 AM ET
    Tiger Woods

    I'm here at the media center at the US Open and the common subject of "Would you bet against Tiger?" came up. It's a fun game to play—Tiger or the field?

  • Adelson Bets on Bethlehem Wednesday, 10 Jun 2009 | 4:04 PM ET

    Billionaire casino owner Sheldon Adelson (like “Saddle”) celebrated the grand opening of another casino yesterday. Not in Vegas but Bethlehem. Yes you’re reading this correctly, Bethlehem, Pennsylvania’s “Sands Casino Resort.”

  • Web's Poker Winners Face Delays in Collecting Wednesday, 10 Jun 2009 | 5:48 AM ET

    Opening a new front in the government’s battle against Internet gambling, federal prosecutors have asked four American banks to freeze tens of millions of dollars in payments owed to people who play poker online.

  • A New Chance for Online Gambling in the U.S. Monday, 27 Apr 2009 | 12:03 PM ET
    Pokerstars

    Executives of some European gambling companies are whispering that they may get a second chance in the United States.