MACAU, March 12- Galaxy Entertainment Group Ltd and Melco Crown Entertainment Ltd look best placed to benefit from the next phase of Macau's development as the world's gambling capital adds eight more mega-casinos by 2017..» Read More
Wynn Resorts on Monday reported strong quarterly earnings, fueled by growth in Las Vegas and Macau, China's gambling haven. The company created by casino mogul Steve Wynn posted second-quarter income 82 cents a share, compared with a year-earlier net loss of $20.1 million, or 20 cents per share.
As many of you know, I started boycotting my watching of the Tour de France this year because of all the drug scandals. Of course, the scandals have continued. German cyclist Patrik Sinkewitz tested positive for testosterone and was suspended, Alexandre Vinokourov and his team withdrew after he tested positive for blood doping and we're waiting for the suspension one more rider that tested positive.
Now that the NBA hasn't told us anything about whether former NBA ref Tim Donaghy bet on games or not, it's time to take a look back at my over/under analysis. I believed that Donaghy was clearly betting the over throughout the last two years because of the fact that his games his the over 57 percent of the time compared to 44 percent in the two years before.
NBA commissioner David Stern addressed the media today to discuss what the league knows about former NBA referee Tim Donaghy betting on games. This is my live commentary as it happened.
After watching much of the media look at the wrong data when considering whether NBA referee Tim Donaghy bet on the games he officiated, I've decided to let the cat out of the bag. Folks, you're not going to get anywhere by looking at the point spreads.
The FBI is investigating allegations that a veteran NBA referee bet on basketball games over the past two seasons, including ones in which he officiated.
It’s time to give NBA referees a raise. Friday’s news that an NBA referee, reportedly Tim Donaghy, might have used his power to influence games and bet on them is the big reason. When we’ve talk about who could fix games, we always talked about college athletes. They’ve done it because they don’t make any money and therefore are tempted by gamblers who don’t mind corrupting the game.
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.
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.
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.
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.
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.
Casino operator Trump Entertainment Resorts Inc. said Monday its President and Chief Executive James B. Perry will retire on July 1.
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.
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.
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.
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.
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.
The United States will use a World Trade Organization procedure to clarify its ban on online gambling, a U.S. trade representative said Friday.
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.