Gambling
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ALBANY, N.Y.-- Closed-door negotiations to expand casinos in New York call for five upstate casinos, including up to three in the Catskills and two video slot machine sites on Long Island, according to the bill released Thursday by Senate Republicans.
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HONG KONG, May 2- Gambling revenue in Macau, the world's biggest gaming destination, rose 13.2 percent in April year-on-year, buoyed by strong demand from wealthy Chinese punters. Macau, a Portuguese colony until 1999, is the only place in China where casino gambling is legal.
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HONG KONG, May 2- Gambling revenue in Macau, the world's biggest gaming destination, rose 13.2 percent in April year-on-year, buoyed by strong demand from wealthy Chinese punters. Macau, a Portuguese colony until 1999, is the only place in China where casino gambling is legal.
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HONG KONG, May 2- Gambling revenue in Macau, the world's biggest gambling destination, rose 13.2 percent to 28.3 billion patacas in April, according to government data. Macau, a Portuguese colony until 1999, is the only place in China where casino gambling is legal. Full-year gambling revenue hit $38 billion last year.
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A group of 10 lawyers and academics with experience in prior liability cases met in Indianapolis in mid-April to discuss whether a lawsuit claiming online gaming further promotes gambling addiction has a shot at winning.
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CHICAGO, May 1- The Illinois Senate passed a bill on Wednesday that would bring much-need revenue to the cash-strapped state by expanding gambling and giving Chicago its first casino. Ahead of the vote, Chicago Mayor Rahm Emanuel reiterated his vow to use casino revenue to aid Chicago's financially strapped public school system.
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Nevada has become the first state to legalize online poker play for residents of legal age. Many other states will follow suit if sites such as UltimatePoker.com prove successful.
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*Greece sells controlling stake in gambling firm OPAP. ATHENS, May 1- Greece has secured the first of the privatisation deals required under its international bailout, with the sale of its 33 percent stake in betting firm OPAP to a Greek-Czech investment fund.
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*Greece sells controlling stake in gambling firm OPAP. ATHENS, May 1- Greece has secured the first of the privatisation deals required under its international bailout, with the sale of its 33 percent stake in betting firm OPAP to a Greek-Czech investment fund.
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April 30- Already home to the Las Vegas strip with its casinos and high-stakes games, Nevada on Tuesday became the first state where residents can legally play poker online for money. Station Casinos went live with UltimatePoker.com after Nevada legalized online poker in February.
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With little fanfare, China is sending an official with a 'tough cop' reputation to be its top man in Macau, as Beijing puts tackling corruption center stage.
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Marc Lasry withdrew his name from consideration for U.S. Ambassador to France this week. CNBC's Bertha Coombs has the details. Also, the DOJ broke up a ring of high-stakes poker games, with Wall Street Journal's Reed Albergotti.
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MADRID, April 26- Spain's state-owned Loterias, or Lottery, has postponed again plans to make a syndicated debt issuance, expected to be for 1.5 billion euros, a source close to the operation said on Friday.
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*CEO says Barclays on track to meet cost cutting target. LONDON, April 24- Investment banking made most of the first quarter profit at British bank Barclays, highlighting the challenge for the lender's new boss in making money as he shrinks that part of the business.
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Aaron Fischer, regional head of CLSA, tells CNBC that they've had a buy recommendation on Macau for four years and it is still the best way to play the expanding middle-class in Asia.
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The recovery in Las Vegas is on solid footing and is set to outpace the rest of the country, MGM International CEO James Murren said.
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MACAU, April 14- Casino magnate Sheldon Adelson's reference to triad organised crime gangs in testimony in a lawsuit has hit a raw nerve in Macau, the Chinese boomtown that his Las Vegas Sands Corp helped transform from a gangland haven into a $38 billion gambling capital.
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Four states have added casino gambling since 2004, reports CNBC's Eamon Javers. Maryland Live Casino is one of them, and is now open 24 hours/day, 7 days/week.
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Chinese President Xi Jinping's austerity drive hasn't put a dampener on business at Sands China, said Edward Tracy, president and CEO of Macau's largest operator of casinos and resorts.
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High-rollers get lavish treatment and hefty credit lines at Singapore's two casinos, like any other gaming house in the world. But here, more of them skip town without paying their debt, a matter of increasing concern.
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WASHINGTON, April 8- A U.S. visa program ran a lottery on Sunday to award 85,000 slots for high-skilled workers just one week after the application period opened, the U.S. Now the economy seems to be improving, with the unemployment rate nudging down to 7.6 percent last month according to the Bureau of Labor Statistics, as wages edge up.