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  • Icahn's money may keep Atlantic City casino open Monday, 22 Dec 2014 | 2:58 PM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    Carl Icahn's investment in Atlantic City's Taj Mahal casino may help the gambling hub stay open another year.

  • WILMINGTON, Del., Dec 22- The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday. Atlantic City's fortunes have faded as competition from Pennsylvania and other neighboring...

  • World's largest gambling company grows bigger... Monday, 22 Dec 2014 | 7:21 AM ET

    The world's largest gambling company will acquire affiliate, Caesars Acquisition, in effort to restructure its $18.4 billion debt.

  • New ‘Oz’-themed casino is coming to New York Monday, 22 Dec 2014 | 7:15 AM ET

    The Oneida Indian Nation plans to open a $20 million casino with a "Wizard of Oz" theme in the village where author L. Frank Baum was born.

  • Spain hands out $3B in planet's biggest lottery Monday, 22 Dec 2014 | 4:21 AM ET

    MADRID— Spaniards and Latin American immigrants who bought lottery tickets in an upper middle class Madrid neighborhood hit the jackpot on Monday, cracking open bottles of champagne on the streets as they celebrated winning 400,000- euro payoffs from a 2.5 billion-euro pot of cash divided among thousands of ticketholders. Restaurant employee Joana...

  • Moody's: Casinos good for NY communities Friday, 19 Dec 2014 | 1:41 PM ET

    ALBANY, N.Y.— A leading rating agency says new casinos coming to upstate New York will benefit their local communities— even though the overall outlook for the gambling industry remains negative. Moody's Investors Service says Friday that this week's decision to award casino licenses to projects in Sullivan, Seneca and Schenectady counties is a "credit...

  • Dec 18- Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast. The Taj, owned by bankrupt Trump Entertainment Resorts Inc., is slated to close on Saturday.

  • Judge to rule on FBI ruse in case against Malaysians Thursday, 18 Dec 2014 | 1:43 PM ET

    LAS VEGAS— A federal judge said Thursday she'll rule soon on whether the FBI improperly entered suites at a Las Vegas Strip casino without a warrant during a probe of what prosecutors say was illegal gambling involving a Malaysian businessman and his son. They also didn't have the permission of Caesars Palace employees, although a casino technical contractor...

  • SD Supreme Court says gambling promos not taxable Thursday, 18 Dec 2014 | 11:37 AM ET

    PIERRE, S.D.— Gambling boosters lauded this week's South Dakota Supreme Court decision that Deadwood casinos will no longer have to pay gambling taxes on promotional programs that give patrons free credits to play slot machines, saying Thursday that it'll save operators big money. Deadwood Gaming Association Executive Director Mike Rodman said the...

  • Contrite Vegas hotelier wins gambling license Thursday, 18 Dec 2014 | 2:14 AM ET

    LAS VEGAS— A contrite Sam Nazarian who revamped the Sahara hotel and casino on the Strip, won a gambling license from Nevada's regulators Thursday but not without limits and a promise that the nightlife magnate would remain under heavy scrutiny. He said Thursday he had sought the medical help of a Las Vegas doctor to determine if he has a substance abuse problem.

  • Nightlife king faces queries from gaming regulator Wednesday, 17 Dec 2014 | 8:55 PM ET

    LAS VEGAS— A Los Angeles nightlife entrepreneur who revamped Las Vegas' Sahara Hotel and Casino into a hipper, sleeker destination is getting ready to defend his past again so he can obtain a Nevada gambling license after admitting recent cocaine use and explaining his curious business dealings with felons. "What he has run into is history," said Michael Green, a...

  • Existing gambling sites in New York state Wednesday, 17 Dec 2014 | 4:58 PM ET

    A New York panel decided to recommend only three sites for upstate gambling casinos instead of four amid an increasingly saturated gambling market. Here's a look at the other sites where gamblers already can go in New York. —Empire City Casino at Yonkers Raceway, Yonkers;.

  • Place your bets! Is the Queen abdicating? Wednesday, 17 Dec 2014 | 11:03 AM ET

    The Queen's Christmas speech this year could be one to watch out for, as gamblers place bets on whether she will abdicate her role.

  • Lottery to end Monopoly game as losses pile up Wednesday, 17 Dec 2014 | 3:50 AM ET

    INDIANAPOLIS— A Monopoly-themed lottery game that never caught on with players is being canceled this month, but not before racking up about $500,000 in losses for the Hoosier Lottery. Hoosier Lottery officials had lost nearly $348,000 on the game through Nov. 30, and The Times reported that figure is expected to grow by the game's end. "Like all good businesses,...

  • Recommended and rejected New York casino proposals Wednesday, 17 Dec 2014 | 2:05 AM ET

    ALBANY, N.Y.— New York state has authorized up to four casino licenses to be divided among three regions: the Albany- Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid- Hudson River Valley. —Sterling Forest Resort, Orange County. Location: Tuxedo in Orange County, which applicant boasts is 35 miles from the George Washington Bridge.

  • New York panel recommends 3 upstate resort casinos Wednesday, 17 Dec 2014 | 2:00 AM ET

    The Gaming Facility Location Board chose sites in Sullivan, Schenectady and Seneca counties and decided not to recommend a fourth license amid an increasingly saturated gambling market where consumers have more options closer to home. Voters last year authorized up to four casinos in three upstate regions: the Albany- Saratoga area, the Southern...

  • Gambling machine firm Talarius bets on recovery  Friday, 12 Dec 2014 | 3:45 AM ET

    Peter Harvey, COO of Talarius, says the company has seen a pick up in growth this year as consumers have more disposable income to spend on leisure.

  • 'King of Instagram' released from LA jail Thursday, 11 Dec 2014 | 12:50 PM ET
    Dan Bilzerian

    Dan Bilzerian, the "King of Instagram," was released from jail on Wednesday after being detained at LAX.

  • 'King of Instagram' held without bail in LA Wednesday, 10 Dec 2014 | 4:35 PM ET
    Dan Bilzerian and Jessa Hinton arrive at the Fighters Only World Mixed Martial Arts Awards 2011 in Las Vegas.

    Dan Bilzerian, the "King of Instagram," was arrested at LAX on Tuesday and is being held without bail, according to LA Weekly.

  • Gambling: Can you distinguish harmful play?  Monday, 1 Dec 2014 | 11:50 AM ET

    Deciphering between harmful and non-harmful play can be distinguished, yet there are overlapping behaviours between the two gambling groups says Marc Etches, chief executive at Responsible Gambling Trust.