New York’s newest casinos are already struggling for survival, as an oversaturated market has cannibalized gaming revenue. Source: NYT > Business – Jesse McKinley
What’s the Deal With That Inverted Yield Curve? A Sports Analogy Might Help
A bet by investors that the future will be worse than the present. Source: NYT > Business – Neil Irwin
The Gambling Investigation Scrutinizing Xi Jinping’s High-Rolling Cousin
Ming Chai has been caught up in an Australian scandal examining organized crime, money laundering, immigration favors and Chinese political influence. Source: NYT > Business – Damien Cave and Alexandra Stevenson
How Bettors in the Know Cashed In on ‘Game of Thrones’
Though HBO went to great lengths to keep the finale secret until it aired, professional bettors saw clear signs that key details had leaked and were driving the wagering. Source: NYT > Business – RICHARD A. OPPEL Jr.
Betting on the Royal Baby
In Britain’s celebrity pregnancy economy, Meghan Markle’s unborn child is inspiring wagers, luxury cookie tins and diamond-encrusted jars of diaper rash cream. Source: NYT > Business – TIFFANY HSU and AMIE TSANG
Wynn Leaders Helped Hide Sexual Misconduct Allegations Against Company’s Founder, Report Says
The Massachusetts gambling regulator found that some executives “were part of affirmative efforts to conceal allegations against Mr. Wynn that came to their attention.” Source: NYT > Business – TIFFANY HSU and MOHAMMED HADI