LOUIVILLE, Ky. _ Churchill Downs Inc. on Wednesday reported a loss of $13.8 million in its fourth quarter. The Louiville, Kentucky- based company said it had a loss of 81 cents per share. For the year, the company reported profit of $46.4 million, or $2.64 per share.» Read More
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.
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 have not only become good radio talk show fodder, but they've also become a good revenue stream for bookmakers.
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.
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.
How much do you know about illegal gambling? Take the following quiz and find out.
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.
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.
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.
Irish bookmaker Paddy Power is taking bets on which company, if any, will cut its endorsement ties with Tiger Woods.
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.
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'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.
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.
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.
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.
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 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.