SPRINGFIELD, Ill.— An effort to generate much-needed revenue for Chicago and Illinois by opening a city-owned casino and expanding gambling elsewhere could be pushed into summer as lawmakers negotiate a deal that could include "satellite" casinos in central and southern Illinois. Supporters say they believe conditions are right for a deal this year, with...» Read More
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.
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.
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.
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.
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?
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.”
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.
Executives of some European gambling companies are whispering that they may get a second chance in the United States.
This might be the craziest sentence you'll read all day: ONLINE SPORTSBOOK IS BETTING AGAINST THE LOS ANGELES LAKERS.