Gambling

11:26am

Tue July 31, 2012
The Two-Way

Online Poker Companies Strike Deal With Justice, Will Reimburse U.S. Customers

Federal prosecutors shut down the three most popular online poker sites Friday.
iStockphoto.com

Pokerstars, an online gambling site, says that it has reached a deal with the U.S. Department of Justice in which it has agreed pay the government $547 million over three years, part of which will be used to reimburse customers of the site Full Tilt Poker.

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1:08pm

Mon May 14, 2012
Asia

Australia's Poker Machines: Are They Too Popular?

Originally published on Mon May 14, 2012 5:49 pm

Gambling machines are extremely popular in Australia, and there are concerns about the level of gambling addiction. Opinion polls show that many Australians would like to see greater regulation of gambling.
Paul Miller Bloomberg via Getty Images

It's a weekday night at the Welcome Stranger pub in downtown Melbourne. Tom Cummings, who used to be a regular here, shows me around the gaming room.

"This machine here, which is called Shaman's Magic, has four different jackpots that you can win. If you'd like to give it a whirl, you can see how you go," says Cummings.

The machines here take Australian $50 bills (Australian dollars are currently worth almost exactly the same as U.S. dollars). You can lose $1,200 in an hour. And a win is not always what it appears to be.

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10:54am

Wed February 1, 2012
It's All Politics

In Vegas, Political Race Is Just Another Sport To The Oddsmakers

Mitt Romney arrives in Nevada on Wednesday with more than the favor of Florida voters — the oddsmakers in Vegas like his chances, too. The online sports book Bovada has him as the favorite to win the GOP nomination at 1-15.

That means if you bet $15 on a Romney nomination, you'd only get $1 back if it happened. Before the Florida primary, Romney was at 1-9. Newt Gingrich, meanwhile, slipped from 6-1 odds Monday; he now stands at 9-1.

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