BOSTON-- A majority of Massachusetts' gambling commission appeared Tuesday to be leaning toward allowing Mohegan Sun to pursue a casino on land owned by Suffolk Downs in Revere, without requiring a second vote by the city's residents.» Read More
Trump Entertainment Resorts said Monday it hired Merrill Lynch to help it weigh strategic options for financing, capital structure and other alternatives.
The office pool may seem like a quaint pasttime. But during March Madness, it's a huge business--at least $3 billion worth, says CNBC’s Darren Rovell.
Here some of Thursday’s big movers on European stock markets: Bwin Interactive Entertainment, Sidenor, William Demant, Sacyr Vallehermoso, Pernod Ricard, Carrefour and TUI.
Get it right. Get it on. Those are the top two goals of the breaking news desk. They also conflict more times than we’d like. My nominee for Most Nerve Wracking type of Breaking News Story is most certainly The Verdict.
Sin pays. You can invest in good corporate citizens and go nowhere, or you can get down with alcohol, tobacco and firearms to really make some money. Don’t believe us? Here’s proof.
British leisure group Rank reported a 12% decline in annual pretax profit from its ongoing business on Friday and said Scotland's smoking ban was still hurting trading at its bingo halls.
Everyone and their mother are writing the stories about the NBA entertaining the thought of moving to Las Vegas. But I’m going to take it a step further. What will it take for a team to move to Vegas? We’ll have to see what Las Vegas mayor Oscar Goodman proposes to the Board of Governors in April, but if NBA commissioner David Stern is set on taking all 2,400-plus NBA games off the board for a team to move there, the natural question is, “What kind of compensation will an NBA team owner have to pay the sports book operators to shut down their business?”
Sports Illustrated chooses Beyoncé to grace the cover of its swimsuit issue. Major League Baseball deals with another fight over a World Series last-out ball. Vegas bookie picks English springer spaniel to win best in show.
Gary Loveman, the chief executive of casino giant Harrah's Entertainment, will receive about $94 million in stock options and other rights if the world's largest casino buyout deal is consummated, according to documents filed with the Securities and Exchange Commission.
Over the past couple of days, I've bashed (Anheuser-Busch's) Budweiser for their Super Bowl commercials. Not because they weren't good -- I actually thought that they were the only ones that were good. But because I don't believe people slapping each other makes me want to buy your beer. Also: Super Bowl gambling may be weaker, but Michael Jordan is bigger than ever.
Manchester was the surprise choice Tuesday as the site for Britain's first Las Vegas-style supercasino, beating bids from London's Millennium Dome and Blackpool.
Huh? Cancel the Super Bowl in order to work better? Did you read this right? Well, it seems flu shots may help us stay on the job in winter, but if you really want to prevent lost productivity in January -- just cancel the Super Bowl. Un-American you say? Perhaps. But John Challenger told CNBC's Erin Burnett that the National Football League's annual orgy of touchdowns.....
Richard Branson's Virgin Group is close to acquiring a prime site in Macau to build the group's first casino resort in the booming Chinese territory, a British newspaper reported Friday.
The state of Illinois is getting ready to take a big gamble on outsourcing its lottery operations in what would be the largest privatization in the U.S. of a state-run program. The lottery in that state has generated about $13 billion for Illinois public schools since its inception in 1974. But if it were leased out, some worry schoolchildren in that state would be the real losers if the operation were to fail.
Sorry, Saints: Chicago vs. Indianapolis is a better omen for economy. Plus: the Bears of 1985-'86 (Refrigerator Perry, McMahon and the Coach) likely to milk anniversary; and legal advice for rotisserie players.
Shares in European online gaming companies fell as much as 14% Monday on news that U.S. prosecutors had launched a probe into Internet gambling.
Gambling software maker Playtech said on Tuesday it had struck a deal with PartyGaming to power gaming Web sites that PartyGaming has agreed to buy from Empire Online and Intercontinental Online.
By Pete Harrison
Shares of casino operator Melco PBL Entertainment shot up a day after raising more than $1.14 billion with a U.S. initial public offering that was priced above range.
Melco PBL Entertainment started trading on the Nasdaq today. The gambling company--based in Hong Kong--has generated $1.14 billion dollars so far, and it priced at $19, above its opening range. Co-Chairmen Lawrence Ho and James Packer said on “Squawk on the Street” that with only six operating licenses available in the Chinese territory of Macau...