Gambling News by House of Odds

The City of Dreams, a massive casino resort in Macau, was unveiled Monday in the latest multibillion-dollar bet that this once seedy Chinese gambling enclave will become one of the world's top tourist destinations. The sprawling $2.1 billion project will be. Related: Macau - Gambling - City of Dreams - Casino - Asia

US market regulator Securities and Exchange Commission has charged Countrywide Financial founder Angelo Mozilo and two former executives with securities fraud. Mozilo, who is the former chief executive of financial services entity Countrywide along with David Sambol and Eric Sieracki, have been charged with fraud for misleading investors about the significant credit risk taken by the company.