I had a very strong sense of déjà vu as I watched this film. That's because although IMDb doesn't say it's a remake, it is a retooling of many popular films of the 1930s--particularly "Manhattan Melodrama". Because of this, I found the plot rather predictable. Now I am not saying that it's a bad film--it's competently made--but it's certainly not very original or inspired.
The film begins with three kids out hustling. One, who you KNOW is destined to grow up bad, steals something and soon the cops catch them. The court scene pretty much shows what the future will be for the trio--the bad kid has a criminal-type father (so he'll grow to be a crooked guy), the girl's father a drunk (so she'll spend most of her life caring for the irresponsible guy) and the other has parents that are concerned (naturally, he grows to be a cop just like his old man).
Years pass and now the bad kid has grown into Ross (Chester Morris)--a professional gambler who is willing to do just about anything to make his mark on the world AND be the biggest man in town. Mary is now a beautiful barroom singer (Nancy Kelly) and Mike (Russell Hayden) is a cop. Of the three, Ross is the center of the story--just like gambling Clark Gable was in "Manhattan Melodrama". I could explain more about the plot but don't particularly feel it's that important--as I said, so much of it is familiar territory. What is also familiar is that Ross and Mike are destined to have a confrontation and the question, as always, is can they avoid hurting each other in the process and also remain friends.
Overall, well acted and a decent time-passer...but not much else.