casinos

Churchill Downs Inc. shares dropped nearly 7% to a six-year low after the company announced plans to sell nine regional casinos and focus on its horseracing properties. The move aims to shift the company's emphasis toward horseracing rather than casino operations.

Reeve L., an Illinois resident, spiraled into gambling addiction after legalizing sports betting in 2019, losing $450,000 in savings and $150,000 in loans. Illinois expanded gambling operations, generating $2.6 billion in tax revenue in 2022, but critics argue the state lacks sufficient safeguards to protect individuals from addiction and financial ruin.

A priest is alleged to have stolen over $150,000, using the funds for a luxurious lifestyle involving cruises and casino visits, despite portraying himself as holier-than-thou.

A priest portrayed himself as holier-than-thou but allegedly stole more than $150k to fund a jet-set lifestyle involving cruises and casinos. The theft was used to support extravagant spending contrary to his public image.

Nevada, a sparsely populated state known for its world-class casinos and dry climate, has become a hiring hot spot despite challenges in finding jobs elsewhere.

Liz Ann Sonders, Charles Schwab chief investment strategist, warns that speculative investing is rising and financial markets are becoming more like casinos. She discusses this on Bloomberg Money's debut episode with Tom Keene and Scarlet Fu.

Two South Gate men pleaded guilty to committing over a dozen armed robberies targeting individuals leaving local casinos, stealing at least $274,600 in cash, casino chips, and other property. The robberies involved stealing gambling winnings from victims.

A sports bettor lost $55,000 after a surprising Jannik Sinner upset, highlighting the risks of gambling. Casinos often profit from bettors who mistakenly believe wagers are risk-free.