gambling industry

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This Gambling Bigwig's Salary Is Really Flush, Critics Say

Think tank slams Bet365 CEO Denise Coates' $280M as not being 'sensible or proportionate'

(Newser) - A billionaire gambling exec added to her bank account substantially last year, in a salary increase that has some pushing back. The BBC reports that Denise Coates, founder and CEO of the online gambling firm Bet365, saw a nearly $9 million paycheck bump in 2023, with her salary jumping to...

Supreme Court Says All States Can Now Allow Sports Betting

A 1992 law had banned states from allowing it

(Newser) - Sports betting—legally—is about to get a lot easier after a Supreme Court decision Monday. Since 1992, a federal law has required states other than Nevada to ban gambling on sports; Nevada was grandfathered in at the time and has since had a monopoly on legal sports betting. But...

Top Gambler Won't Get $10.2M After Court Rules He Cheated

Phil Ivey has been fighting for the money since 2012

(Newser) - Professional poker champ Phil Ivey won't be getting the $10.2 million he thought he won from a London casino, the Guardian reports. The 40-year-old, whom the BBC calls "the Tiger Woods of poker," was found to have cheated in order to win the money while playing...

Nevada Bill Would Legalize Betting on Elections

Hey, other countries vote on our elections, lawmaker argues

(Newser) - Nate Silver is about to make a bunch of money if Tick Segerblom gets his way. The Nevada state senator introduced a bill this week that would legalize gambling on federal elections, Fox News reports. While that's not legal anywhere in the country right now, Segerblom notes that it'...

Zynga Is Trying to Get a Gambling License

Company files paperwork in Nevada

(Newser) - Papa needs a new pair of … cows? Zynga yesterday filed the first salvo of paperwork necessary to obtain an online gambling license in Nevada, the Wall Street Journal reports. But don't expect to be betting on Farmville (or more likely titles like Zynga Poker) anytime soon. The document...

Las Vegas to Lose No. 2 Gambling Spot to...

...Singapore

(Newser) - Asia will be home to the world's two biggest casino markets as early as this year, with Singapore set to take the No. 2 spot from Las Vegas, a US gambling industry group said today. Singapore raked in $5.1 billion in gaming revenue last year and could bring...

NJ Casinos Hope to Boost Gambling— With Bustiers

But only the 'nice-looking' need apply

(Newser) - Soon it might be more difficult to concentrate on the cards at one Atlantic City casino. The Tropicana Casino and Resort is creating a new "party pit" near its Rumba Lounge nightclub where female blackjack and roulette dealers will wear bustiers and stockings, reports the AP . The casino is...

Congress Moves to Re-Legalize Online Gambling

Move could bring in $42 billion in taxes

(Newser) - Online gambling might soon be legal again, just four years after it was originally banned. The House Financial Services Committee approved a pair of bills to re-legalize and tax Internet casinos yesterday, the New York Times reports. The ban has just driven gamblers to overseas sites, supporters argue, while legalization...

Casino Refuses to Pay $43M Jackpot

Slot machine was faulty, Colorado casino insists

(Newser) - A customer at a Colorado casino was offered a free breakfast and $23 in lieu of the $42.9 million jackpot she won at a penny slot machine. Gaming authorities and officials at Fortune Valley Casino say the machine malfunctioned and that its top payout is only $251,000, but...

Gambling Industry Bets on Harry Reid

 Gambling Industry 
 Bets on Harry Reid 

ELECTION 2010
Feb 18, 2010 8:51 AM CST

Gambling Industry Bets on Harry Reid

Ties to casinos bring in the campaign cash for Senate majority leader

(Newser) - Harry Reid's poll numbers make him look like an easy mark, but casino owners who have a history of disregarding party and going with the winner in Nevada politics are putting their money on the majority leader's reelection. Reid is counting on decades of close ties with the gambling industry...

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