CNBC's Morgan Brennan reports what led to Atlantic City's downgrade by Moody's.» Read More
Rep. Jason Chaffetz, (R-Utah), does not think online gaming is right for the U.S., while Tom Russell, C4Cop.com executive director, pushes back.
HONG KONG, June 20- Hong Kong shares snapped a four-day losing steak, as the beaten-down Macau gambling sector rebounded, but still suffered a loss for the week. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong gained 0.4 percent, but had its 5- week winning streak ended with a 1.2 percent drop for the week.
Atlantic City's Revel Casino Hotel filed for bankruptcy and warned its staff that it will shut down soon without a buyer.
Amaya Gaming is talking to New Jersey gaming regulators about licensing Poker Stars in the state. Darren Heitner, Wolfe Law partner, discusses the potential for PokerStars becoming the online poker leader.
TOKYO, June 17- Japanese lawmakers said they will start long-awaited talks on Wednesday on a bill to legalise casino gambling, kicking off the process to create an industry that Prime Minister Shinzo Abe has called a highlight of his growth strategy.
*Slot-machine maker has a market value of nearly $4 bln. MILAN, June 16- Italian lottery operator GTECH is in preliminary talks to buy Las Vegas- based International Game Technology in a cash and shares deal that would make it a significant player in the casino slot machine business.
MILAN, June 16- Italian lottery operator GTECH said on Monday it was in preliminary talks to buy Las Vegas- based slot machine maker International Game Technology in a deal that could involve a cash and paper offer.
Christian Jantzen, Spokesperson of Sportsbet, explains the betting house's decision to fly a hot air balloon replica of Brazil's iconic Christ statue over Melbourne.
Here’s why I’m betting that Qatar will be stripped of the 2022 World Cup, says former assistant US attorney Mitchell Epner.
June 12- Canada's Amaya Gaming Group Inc on Thursday said it will buy for $4.9 billion Rational Group, which owns and operates the world's biggest online poker company PokerStars. Deutsche Bank, Barclays and Macquarie Capital will provide $2.9 billion in credit facilities and other financing.
Wall Street guys will bet on ANYTHING. Ex-trader Raj Mahal offers this guide to betting on the World Cup Wall Street-style.
International Game Technology decided to seek a buyer after company stock plummeted.
CNBC's Robert Frank says horse California Chrome was bred for $10,000, but what matters more for the value of horses is its blood line, and his isn't great.
What stocks investors should bet on ahead of this weekend's Triple Crown horse race, with Ted Parrish, Henssler Finance, and Sandy Villere, Villere & Co.
More than 100,000 visitors are expected at this weekend's Triple Crown horse race. CNBC's Morgan Brennan takes a look at this weekend's race, as well as the state of the racing industry.
CNBC's Morgan Brennan reports the odds are overwhelmingly in California Chrome's favor at this year's Triple Crown.
NEW YORK, June 4- An Australian man avoided prison when he was sentenced on Wednesday in New York for illegally processing gambling proceeds through U.S. banks for several major Internet betting sites. District Judge Lewis Kaplan in Manhattan imposed a sentence of time served and a $13 million forfeiture on Wednesday.
Big American casino stocks with the most exposure to Macau are getting hammered, reports CNBC's Dominic Chu. The FMHR traders share their view of these stocks.
TOKYO, June 3- Japan's parliament will likely start discussing next week a bill to legalise casino gambling although proponents may hold off voting until the autumn in a strategic move to prevent opponents from killing it, a key supporter of the bill said on Tuesday.
The gambler's sports empire has earned him "tens of millions, if not hundreds of millions, of dollars," one rival says.