Gambling
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ALBANY, N.Y.-- Closed-door negotiations to expand casinos in New York call for five upstate casinos, including up to three in the Catskills and two video slot machine sites on Long Island, according to the bill released Thursday by Senate Republicans.
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The New York Post is reporting this morning that an NBA referee is being investigated by the FBI for his ties to the mob and betting on basketball games. Let me first say that I have not been able to independently confirm this story. Now on to my thoughts. I find it possible that some referee could have found himself in a situation that this could have happened. NBA referees get paid a couple hundred thousand dollars and while top players who make millions aren't so corruptible, referees--much like college basketball players who make nothing-- certainly are more subject to outside influence.
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The Final Table of the World Series of Poker begins today at 3 p.m ET. You can order it on ESPN.com for $19.95 and watch it live if you want. I’m not going to talk about specific names, so there’s no need to turn away if you don’t want to know who made it the finals. Enough of the disclaimers. Now let’s get to the point.
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British bookmaker Ladbrokes said on Thursday it had seen a big rise in telephone betting from high-spending customers in recent weeks, helping to offset tough trading in its over-the-counter business.
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Online gaming company PartyGaming said it was confident about prospects for 2007 after the second-quarter financial performance met its expectations, sending its shares higher on Monday.
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The investment arm of billionaire Kirk Kerkorian said it was ending negotiations on the possible purchase of casino giant MGM Mirage Bellagio hotel-casino and its CityCenter project.
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Casino operator Trump Entertainment Resorts Inc. said Monday its President and Chief Executive James B. Perry will retire on July 1.
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Casino operator Penn National Gaming said Friday that it agreed to be acquired for about $8.9 billion, including $2.8 billion in outstanding debt.
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This is a video clip from CNBC's Street Signs of June 8, 2007. CNBC's Erin Burnett discusses a move to make Internet gambling legal in the U.S. with Lawrence Walters of Weston, Garrou, DeWitt and CNBC Reporter Hampton Pearson.
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Sportingbet said discussions with Austrian rival Bwin Interative Entertainment regarding a potential combination of the two groups are continuing as it reported an increase in earnings from continuing operations in the third quarter.
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European markets have "huge opportunities," says Jason Holzer. He's the senior portfolio manager of Vanguard's AIM European Small Company A fund. Rated five stars by Morningstar, AIM has had annualized returns of some 38% since 2002. Holzer joined "Squawk on the Street" to talk about the "very strong" European economies -- and how his fund plays them.
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There's way too much to talk about today, but I'm leading it off with the Jim Stewart 400 because I think the folks at Diageo have been shortchanged because of the fight and the Derby -- and maybe even the Mavericks getting schooled.If you haven't heard about it, the NASCAR Nextel Cup race this weekend is actually named after a fan. The folks at Diageo, who bought the race for their Crown Royal brand, had an essay contest in which 15,000 fans wrote in their favorite life moment worthy of toasting with the drink.
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The United States will use a World Trade Organization procedure to clarify its ban on online gambling, a U.S. trade representative said Friday.
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The allure of hitting the jackpot big time is translating into an increasing demand for gaming outlets and facilities across the world. Casinos are mushrooming across Asia, with many countries racing to grant gaming licenses to the big casino operators like Vegas Sands and PBL Melco. Vietnam’s gaming landscape is rapidly rising; Singapore has granted two licenses to heavyweight gaming companies Genting International and Las Vegas Sands; and Japan is looking into legalizing its gaming industry.
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The gaming industry is ripe for buyout offers from private equity, Cramer says. If you play your cards right and buy this casino stock ahead of a takeover, you could beat the house.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Legislation that would lift an online gambling ban imposed by Congress last year was introduced on Thursday by the chairman of U.S. House Financial Services Committee.
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Australia's Publishing & Broadcasting agreed to buy a US$250 million stake in Las Vegas casino developer Fontainebleau Resorts on Tuesday, its first entry into the U.S. gaming market.
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Rep. Barney Frank (D-Mass.) said Thursday that he is pushing to lift the ban on online gambling within the next few weeks. Lawrence Walters, attorney specializing in Internet gambling law, and Barrett Duke, board member of the National Coalition against Legalized Gambling, joined “Morning Call” to debate whether the U.S. ban on online gambling should be lifted.
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In a 215-page decision, a three-member WTO compliance panel sided with the twin Caribbean island nation of Antigua and Barbuda, which has argued that Internet gambling is a lucrative source of revenue and provides an income for hundreds of islanders.
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Online gambling company Sportingbet, which was forced to quit the U.S. after lawmakers effectively made the business illegal, said Wednesday it will transfer the group's operations to the Channel Islands.
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Why I Don’t Gamble: At this time of year, I will fill out a bracket sheet, but I have never put any money on a single game. Why? Because it doesn’t allow you to really enjoy the game. (I know some will argue it adds more excitement).