casino

Any fan of the Ocean's Eleven films knows the setup: An inside man handles the cards, and a high roller rakes in the dough. For Phuong Quoc Truong, the big scam wasn't a movie script: It was his way of life.

The severity of America's gambling addiction isn't too far behind the nation's drug problem, and it's growing. In 2007, Americans lost more than $92 billion gambling, almost 10 times more than what U.S. moviegoers spent on tickets -- and about nine times what they lost 15 years earlier.

Las Vegas Sands benefits from being more geographically diversified than its major competitors. With a casino resort presence that spans the U.S., Macau and Singapore, LVS is a strong player that can ride out local downturns, and one stock analysis firm thinks its stock is undervalued by 10% to 15%.

Trump Entertainment Resorts agreed to sell the Trump Marina Hotel Casino in Atlantic City for $38 million. The casino will be sold to Landry's Inc., which operates the Golden Nugget casinos in Las Vegas and Laughlin, Nevada, Trump Entertainment Resorts said in a statement. The transaction is...

A robber this week swept $1.5 million worth of gambling chips off a table at the Bellagio in Las Vegas and escaped by motorcycle -- in under three minutes. Such temptations can be overwhelming for those looking for a quick win. Here are some of the biggest jobs of the last few years.

In the 10th Las Vegas casino robbery this year, an armed man stole about $1.5 million in betting chips from the Bellagio hotel early Tuesday morning and escaped on a motorcycle. No shots were fired and no one was injured.

The Nevada Democratic Senator is trying to introduce legislation that would legalize online poker gambling. Advocates say Congress's lame-duck session could provide an opening for the bill, while opponents put its chances at slim to none.

Private-equity firms Apollo Management and TPG, which took Harrah's Entertainment private in January 2008, are now preparing a $575 million initial public offering. An IPO may be just as bold a move as the buyout, as investors remain wary of IPOs from private-equity firms.

Harrah's Entertainment Inc. said it plans to sell shares to the public, almost three years after the casino operator was taken private by Apollo Global Management and TPG.

MGM Resorts International (MGM) may list its Macau gambling venture on the Hong Kong stock market. MGM is a partner in MGM China Holdings, a casino in a historic district of Macau, MarketWatch reported. The casino is a joint venture with Pansy Ho, daughter of Macau gambling kingpin Stanley...