Billions blown as Macau casino investors fold amid gambling review

Macau casino operator stocks plummeted by as much as a third on Wednesday, losing around $14 billion in value, as the government kicked off a public consultation that investors fear will lead to tighter regulations in the world’s largest gambling hub. With Macau’s lucrative casino licences up for rebidding next year, a government proposal to … Read more

The $1 billion Mega Millions jackpot has a winner. Here are tips for handling the windfall

MARK RALSTON | AFP | Getty Images Someone in Michigan is kicking off their weekend a whole lot richer. A single ticket sold in the Wolverine State hit all six numbers drawn Friday night to land the $1 billion Mega Millions jackpot. The prize had been climbing for 37 weeks with no winners through twice-weekly drawings. … Read more

Mega Millions jackpot jumps to $432 million. Here’s what to do if you win

mphillips007 | iStock Unreleased | Getty Images The Mega Millions jackpot has surged higher. After no ticket matched all six numbers drawn on Friday, the top prize is now $432 million for the next drawing on Tuesday night. Powerball’s jackpot is at $384 million for Saturday night’s drawing. While the chance of a single ticket … Read more

Caesars to buy William Hill for $3.7 billion in sports-betting drive

U.S. casino operator Caesars Entertainment agreed on Wednesday to buy British-based gambling group William Hill for 2.9 billion pounds ($3.7 billion) to expand in the fast-growing U.S. sports-betting market. The U.S. group, owner of Las Vegas’s Caesars Palace, intends to sell William Hill’s non-U.S. operations, including more than 1,400 U.K. betting shops, and said it … Read more

What MLB’s Marlins outbreak could mean for the stock market and economy

Major League Baseball’s 60-game season is up in the air after several Miami Marlins players tested positive for Covid-19. The outbreak is a blow to companies within the sports world that were pinning hopes on a return to normalcy. Not only will any significant delays or schedule changes affect TV networks and media and advertising companies, … Read more