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  • May 27- A nun-turned-developer was ordered to pay nearly $1 million for lavish spending and for hiring an ex-con known as Frankie the Fish while building a Mississippi casino, a court ruled on Wednesday. Sandra Manno, a one-time mayor of Marlton, New Jersey, who had spearheaded a vote to legalize gambling in the state, was ordered by a Delaware judge to pay $970,123...

  • HONG KONG, May 27- As revenue plummets at China's only legal gambling hub, global casino operators have a new mantra- what happens in Vegas, must also happen in Macau. The latter's two new resort projects, worth $3.2 billion, open in Macau later on Wednesday. As well as the mainland's crackdown, Macau's government is forcing casino firms, also including SJM Holdings...

  • American Pharoah wins 2nd leg of Triple Crown Sunday, 17 May 2015 | 5:59 AM ET
    American Pharoah

    American Pharoah won the 140th running of the Preakness Stakes by a whopping seven lengths on Saturday at Pimlico Race Course. The NYT reports.

  • A fantasy sports fan play about to pay $1 billion Saturday, 16 May 2015 | 9:30 AM ET
    DraftKings founders (left to right) Paul Liberman, Jason Robins and Matt Kalish

    DraftKings is soon to hit $1 billion in prizes. Better still, the fantasy sports betting site expects to award $1 billion in 2015 alone.

  • DraftKings looks to change the game in sports Friday, 15 May 2015 | 6:30 PM ET
    DraftKings looks to change the game in sports

    Is DraftKings the king of fantasy drafts? Jason Robins, co-founder and CEO, and Matt Kalish, co-founder, discuss the company's platform and pipeline, with Mad Money's Jim Cramer.

  • What you didn't know about carpets at casinos Friday, 15 May 2015 | 2:51 PM ET
    What you didn't know about carpets at casinos

    CNBC's Jane Wells reports on how casinos replace carpets.

  • That ugly casino carpet? Here's what's under it Thursday, 14 May 2015 | 12:18 PM ET
    Another busy carpet. The casino floor at Caesars Palace, Las Vegas.

    CNBC looks at those busy casino carpets and the surprising thing that is under them.

  • BOSTON, May 12- A union representing workers in New Jersey gambling hub Atlantic City said on Tuesday it asked the state's top prosecutor to investigate Herbalife Ltd, saying it is worried the nutrition supplements company could "prey" on unemployed workers in the casino industry. Unite Here Local 54 is the latest group to ask officials across the United States...

  • Cambodia PM refuses to honor $5K Pacquiao bet Tuesday, 5 May 2015 | 9:08 AM ET
    Manny Pacquiao throws a right at Floyd Mayweather Jr. during their welterweight unification championship bout on May 2, 2015 at MGM Grand Garden Arena in Las Vegas, Nevada.

    Last week, millions placed their bets – and lost - on the “fight of the century” when Mayweather Jr. beat Pacquiao... including an political leader.

  • SEOUL/ HONG KONG, May 5- The dealing rooms of Seoul's foreigners-only casinos are echoing to the sound of Mandarin as operators target a new breed of' low-roller' gamblers- Chinese shoppers. In places like Paradise Walkerhill in Seoul, Paradise Co Ltd, South Korea's biggest casino firm, is targeting people like Chen Jie Yi, a 27- year-old from Beijing on a recent tour...

  • HONG KONG, May 4- Macau casino stocks have lost as much as half their value over the past year as China's anti-corruption crackdown scares away wealthy VIP punters, but some investors say their faith in long-term gambling demand from the mainland remains unshaken. Industry moguls like Wynn Resorts' Steve Wynn and Las Vegas Sands' Sheldon Adelson have noted the...

  • HONG KONG, May 4- Macau casino stocks have lost as much as half their value over the past year as China's anti-corruption crackdown scares away wealthy VIP punters, but some investors say their faith in long-term gambling demand from the mainland remains unshaken. Industry moguls like Wynn Resorts' Steve Wynn and Las Vegas Sands' Sheldon Adelson have noted the...

  • Post time for the $2,500 mint julep! Friday, 1 May 2015 | 3:14 PM ET
    Woodford Reserve bourbon

    Kentucky Derby goers will pay from $10 to $2,500 for one of the 250,000-plus glasses of the sugary concoction that will be served this weekend.

  • Overhyped? Mayweather-Pacquiao loses some steam Friday, 1 May 2015 | 11:39 AM ET
    Workers install signs for an upcoming bout at the MGM Grand Garden Arena, April 27, 2015, in Las Vegas. Floyd Mayweather Jr. and Manny Pacquiao are scheduled to fight May 2.

    Sky-high ticket prices and hotel room rates are starting to come down, though they remain inflated beyond anything Vegas has ever seen.

  • Will these Kentucky Derby bettors be appy? Friday, 1 May 2015 | 9:42 AM ET
    Jockey Victor Espinoza celebrates atop of California Chrome after winning the 140th running of the Kentucky Derby at Churchill Downs in 2014.

    You can now bet on the Derby through an iPhone app, after Apple changed its policy. Derby Games is one of those choices.

  • Sharing is caring: Co-workers split $58M prize Friday, 1 May 2015 | 9:27 AM ET
    New York State Lottery winners

    After about five years of pooling lottery money, a group of co-workers has finally hit the jackpot. NBC New York reports.

  • Check out the most expensive seats at the Derby Friday, 1 May 2015 | 9:17 AM ET
    The bar at The Mansion, Churchill Downs

    One location at Churchill Downs is reserved only for the most elite: The Mansion. A seat here costs you $13,000 per person.

  • How to bet on the Kentucky Derby Friday, 1 May 2015 | 9:05 AM ET
    Kentucky Derby

    If you're betting on the Kentucky Derby at Churchill Downs Racetrack, you better know what you're doing. Here are a few tips.

  • Debate: Bet on Las Vegas Sands? Thursday, 23 Apr 2015 | 12:30 PM ET
    Debate: Bet on Las Vegas Sands?

    Las Vegas Sands is taking a hit after weak earnings. Dr. J is a bull and would buy the stock on dips.

  • Grand National: The beauty of betting Friday, 10 Apr 2015 | 11:55 AM ET
    Grand National: The beauty of betting

    The Grand National are taking place this weekend and all eyes are on the lucky horse. Alex Donohue from Ladbrokes, talks about the popular bets for the race and other aspects of the sporting event.