Latest Gambling industry News

Gamblers count their money before starting to make bets at the Hard Rock casino in Atlantic City, N.J., on July 2, 2020, the day it reopened after being closed for just over three months due to the coronavirus outbreak. New Jersey's casinos and horse tracks won $2.88 billion in 2020, a decrease of nearly 17% from 2019, according to figures released Wednesday, Jan. 13, 2021, by the New Jersey Division of Gaming Enforcement. (AP Photo/Wayne Parry)

A record year for NJ sports betting; casinos, not so much

Jan. 13, 2021 4:40 PM EST

ATLANTIC CITY, N.J. (AP) — New Jersey took nearly $1 billion worth of sports bets in December, an encouraging finish to a year in which coronavirus closures and restrictions sent overall gambling revenue down nearly 17%. Over $6 billion worth of bets were placed last year in New Jersey, which won a U.S....

FILE - In this Dec. 7, 2019 file photo, President Donald Trump stands alongside Las Vegas Sands Corporation Chief Executive and Republican mega donor Sheldon Adelson before speaking at the Israeli American Council National Summit in Hollywood, Fla.   Adelson, the billionaire mogul and power broker who built a casino empire spanning from Las Vegas to China and became a singular force in domestic and international politics has died after a long illness, his wife said Tuesday, Jan. 12, 2021. (AP Photo/Patrick Semansky, File)

Trump, Pence and Reid react to death of Sheldon Adelson

Jan. 12, 2021 7:57 PM EST

LAS VEGAS (AP) — Billionaire casino mogul and Republican mega-donor Sheldon Adelson died Monday night at 87. Here are some reactions to his death: “Sheldon lived the true American dream. Sheldon was true to his family, his country, and all those that knew him. The world has lost a great man. He will...

FILE - This Feb. 10, 2017 file photo, Chief Executive of Las Vegas Sands Corporation Sheldon Adelson shows at a business roundtable with Japanese Prime Minister Shinzo Abe at the U.S. Chamber of Commerce in Washington.   Adelson, the billionaire mogul and power broker who built a casino empire spanning from Las Vegas to China and became a singular force in domestic and international politics has died after a long illness, his wife said Tuesday, Jan. 12, 2021.  (AP Photo/Andrew Harnik, File)

Sheldon Adelson, casino mogul and GOP donor, dies at 87

Jan. 12, 2021 6:42 PM EST

LAS VEGAS (AP) — Sheldon Adelson, who rose from a modest start as the son of an immigrant taxi driver to become a billionaire Republican powerbroker with a casino empire and influence on international politics, has died. He was 87. Adelson died Monday night from complications related to treatment for...

FILE - In this Dec. 7, 2019 file photo, President Donald Trump stands alongside Las Vegas Sands Corporation Chief Executive and Republican mega donor Sheldon Adelson before speaking at the Israeli American Council National Summit in Hollywood, Fla.   Adelson, the billionaire mogul and power broker who built a casino empire spanning from Las Vegas to China and became a singular force in domestic and international politics has died after a long illness, his wife said Tuesday, Jan. 12, 2021. (AP Photo/Patrick Semansky, File)

Las Vegas Sands founder and CEO Adelson dies

Jan. 12, 2021 8:30 AM EST

LAS VEGAS (AP) — Sheldon Adelson, founder, chairman and CEO of Las Vegas Sands, has passed away at the age of 87 from complications related to treatment for non-Hodgkin’s Lymphoma , the casino company announced Tuesday. At one point the third richest man in the world, Adelson brought singing...

FILE - Pilots fly their small racing drones through an obstacle course for the National Drone Racing Championship on Governors Island, a former military installation in New York Harbor, Friday, Aug. 5, 2016. A major sports book is taking bets on aerial drone races. DraftKings said Friday it is taking bets for the championship this weekend of the Drone Racing League, in which pilots fly aerial drones in races against each other. (AP Photo/Richard Drew, File)

Plenty of overhead in this market: Betting on drone races

Jan. 8, 2021 11:40 AM EST

ATLANTIC CITY, N.J. (AP) — In the “gamblers will bet on absolutely anything” category, here's a new one: A major sports book is taking bets on aerial drone races. DraftKings said Friday it is taking bets for this weekend's championship of the Drone Racing League, in which pilots fly aerial...

Football fans wait for kickoff in the sports betting lounge at the Ocean Casino Resort on Sept. 9, 2018,  in Atlantic City, N.J. On Wednesday, Jan. 6, 2021, New York's governor did an about-face and embraced mobile sports betting as a way to deal with financial losses from the coronavirus pandemic, and a company that tracks gambling legislation and performance predicted revenue from legal sports betting could reach $3.1 billion in 2021 and as much as $10 billion within five years. (AP Photo/Wayne Parry)

US sports bet revenue could hit $3B in 2021; NY backs mobile

Jan. 6, 2021 3:31 PM EST

ATLANTIC CITY, N.J. (AP) — On a day when New York's governor did an about-face and embraced mobile sports betting as a way to deal with financial losses stemming from the coronavirus pandemic, a company that tracks gambling legislation and performance predicted that revenue from legal sports betting could...

People wearing face masks pass by a poster about precautions against the coronavirus as they visit to celebrate New Year at Imjingak in Paju, near the border with North Korea, South Korea, Friday, Jan. 1, 2021. The poster reads:

The Latest: S Korea extends distancing rules for 2 weeks

Jan. 1, 2021 11:11 PM EST

SEOUL, South Korea — South Korea is extending stringent distancing rules for two more weeks as authorities seek to suppress a viral resurgence, while confirming its first case of an apparently more contagious coronavirus variant detected in South Africa. Health Minister Kwon Deok-cheol said Saturday the...

Sri Lankan ethnic Tamil Hindu devotees decorate the entrance to their house in Colombo, Sri Lanka, Friday, Jan. 1, 2021. (AP Photo/Eranga Jayawardena)

Asia Today: Bangkok shuts schools, entertainment venues

Jan. 1, 2021 4:28 AM EST

BEIJING (AP) — Thailand's capital is shutting down venues including schools and entertainment areas as coronavirus cases continue to spread. Thailand reported 279 new cases on Friday including two deaths. Seven provinces including Bangkok have been designated red zones where places including...

Court: Ohio county order violated Christian schools' rights

Dec. 31, 2020 5:51 PM EST

CINCINNATI (AP) — A federal appeals court Thursday provided the go-ahead for Christian schools in an Ohio county to resume holding in-person classes during the pandemic. The 6th U.S. Circuit Court of Appeals three-judge panel unanimously granted an injunction to Christian schools in the Toledo area who...

A woman wearing a face mask to protect against the spread of the coronavirus walks along a street during the morning rush hour in Beijing, Wednesday, Dec. 30, 2020. Beijing has urged residents not to leave the city during the Lunar New Year holiday in February, implementing new restrictions and mass testings after several coronavirus infections last week. (AP Photo/Mark Schiefelbein)

Asia Today: Thailand reports 250 new coronavirus cases

Dec. 30, 2020 5:56 AM EST

BANGKOK (AP) — Thailand has reported 250 new cases of the coronavirus, including 241 local transmissions, as the country grapples with an intensifying outbreak of the virus. After months of seeming to have the COVID-19 situation under control, Thailand has seen two major clusters developing since...