Facebook announced new rules this week that would allow online gambling advertisements to be placed on the popular social networking site. This would allow online poker rooms, casino sites, sportsbooks and other similar organizations to target players through Facebook.

Massachusetts lawmakers have agreed to a deal in which the state could be home to up to four casinos. The agreement was reached after private meetings between Governor Deval Patrick and the leaders of the State House and state Senate.

Under the deal, the state would allow c...

Opened last winter, the Cosmopolitan was designed to be an upscale, hip new resort on the Las Vegas Strip – one of the signs of recovery from the economic downturn that had taken its toll on the gambling sector. But so far, the Cosmopolitan has struggled to bring in prof...

Horse racing has been in decline in the United States for decades, and a recent study by the Jockey Club suggests that things may only get worse for the industry in the years to come.

The study, which was conducted by consulting firm McKinsey & Company, found that overa...

New York State may authorize the operation of non-Indian casinos, further crowding the already competitive Northeastern gambling market. According to Governor Andrew Cuomo, the possibility of expanded casino gambling will be part of a comprehensive gambling plan for the state.

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While Las Vegas and Macau continue to thrive, Atlantic City continues to see its casino gambling revenues fall in the face of increased competition from nearby states. Revenues from gambling fell to $340.3 million in July, a 6.5% decrease when compared to the same period i...

Las Vegas continues to show signs of recovery, with gambling revenues up 32% year-over-year. Revenues increased to $506.7 million in June, contributing to an overall 8.5% increase first the first half of 2011 when compared to the same period in 2010. The improvement was...

Caesars Entertainment saw year-over-year growth, but still fell short of making a profit in the second quarter of 2011. The company reported a loss of $155.5 million for the quarter, compared to a loss of $274 over the same period in 2012. Revenues for Caesars were ...

Most people believe that state lotteries are only for dreamers. Sure, it’s fun to dream of hitting a jackpot, but the odds are clearly against the player, and most of the time, you’ll only lose money by playing. Usually, this assumption is correct.

But not always.

The movement for licensing and regulating online poker has gained a new ally. FairPlayUSA is a new non-profit organization that is running a campaign designed to promote federal regulation of online poker.

The group, headquartered in Washington, D.C., is funded by casino co...