Stanwyck plays an honest gambler and she steals the movie. After she ("Lady" Lee) realizes she can't rely on her gambling father, she meets wealthy Joel McCrea, who is, well, young and smitten. Find acting by all, including Pat O'Brien as Stanwyck's buddy and Sir C. Aubrey Smith as a father figure.
I just saw this movie shortly after seeing "But the Flesh Is Weak" on Turner Classic Movies. Sir C. Aubrey Smith is also in that movie, in which he plays the gambling father of young Robert Montgomery, who is smitten by wealthy Nora Gregor and is buddies with wealthy Heather Thatcher. Both movies have a similar parent-child duo wanting to strike it rich, and the start of each movie is similar. But from there on, they are two very different movies, "Gambling Lady" being a more thoughtful, dramatic film, and "But the Flesh Is Weak" being a romantic romp.