Featured Articles Archive - Page 116

Dan's DFS picks for NFL Week 12

Well, that was a complete and utter disaster.My Week 11 lineup produced just 83.56 points in the DraftKings Millionaire Maker, as six of my nine players scored in the single digits.That's not just bad. That's, like, so bad, I should be fired from writing this column...read more

Inside Gaming: Nevada gaming regulation changes 'needed to happen'

The 2015 Nevada Legislature adjourned on June 1, but the session never ended for state gaming regulators.Six bills passed by lawmakers and signed by the governor brought aspects of Nevada's gaming industry into the 21st century. But the legislation also required months of debate to change existing gaming regulations and write new laws."These were changes that needed to happen," said Gaming Control Board Chairman A.G...read more

Eldorado completes purchase of MGM's Reno properties

Eldorado Resorts completed its $72.5 million acquisition of MGM Resorts International's holdings in downtown Reno on Tuesday and did so without having to sell additional stock in the company.The transaction gave Eldorado ownership in Circus Circus Hotel Casino - Reno and the remaining half of the Silver Legacy.Eldorado, which already owned half of the Silver Legacy and the flagship Eldorado Resort Casino, announced the deal with MGM in July...read more

Political watchdog group retracts charges, issues apology to Sheldon Adelson

A progressive political group that called this month for a federal investigation of Las Vegas Sands Corp. Chairman Sheldon Adelson retracted several of its statements Tuesday and apologized to the billionaire casino owner.In a statement, the Washington, D.C.-based Campaign for Accountability said it "made certain statements regarding Mr...read more

What should daily fantasy sports do now?

The two big daily fantasy sports (DFS) operators, FanDuel and DraftKings, and their backers are, in the immortal words of former President George H.W. Bush, in "deep-doodoo." But lawyers with legal shovels can probably dig them out.As recently as last year, the DFS industry's problems were relatively insignificant...read more

Top 10 similarities in the rise and potential fall of DFS and poker

If you've been covering the online gambling industry as long as I have, the parallels between the rise and potential fall of the daily fantasy sports industry (DFS) is like déjà vu all over again.Looking at the Internet poker boom in the United States in the early 2000s, followed by its post UIGEA and Black Friday fall, it's hard not to see parallels between the two industries...read more

A newbie's view of the 2015 World Series of Poker Main Event

Over the past two months, my colleagues here at Casino City have extensively covered the World Series of Poker 2015 Main Event, both on the ground in Las Vegas and via its ESPN coverage. I copy edited their reporting, ensuring that all the sentences were sentences and that "Butteroni" was spelled correctly...read more

Inside Gaming: Merger hasn't changed Sartini's business style

He oversees a publicly traded company, but you won't find Blake Sartini with his attention focused solely on the daily ups and downs of Golden Entertainment's stock price.The gaming operator is nearly 4 months old after a $341 million merger that brought together Golden Gaming's statewide slot machine route operation, Pahrump casinos and the Nevada-leading tavern business with Lakes Entertainment, owners of the Rocky Gap Casino Resort in Maryland.Sartini, whose family kept a 35% ownership stake in the once privately held business, sees no reason to change his or the company's management style."Prior to the merger, we kept our heads down, focused on what we were doing and executed our plan," said Sartini, 56, who is chairman and CEO of Golden Entertainment...read more

DraftKings power attorney unleashes his case against New York

DraftKings' hiring of attorney David Boies appears to have been worth every penny for the daily fantasy sports giant.No, a decision hasn't been made in the company's fight against New York Attorney General Eric Schneiderman. That may or may not come on Wednesday when an emergency hearing will take place in response to the cease-and-desist order the AG filed last week, seeking to shut down all DFS operators in the state of New York, posthaste.DraftKings has hired power attorney David Boies (photo by David Shankbone) But after listening to Boies hold court today with the media during a conference call to discuss the case and upcoming hearing, it's clear DraftKings' decision to put its fate in the hands of the man Fortune magazine once dubbed "Corporate America's No...read more

Nevada regulators approve more stringent oversight for casino nightclub operations

The Nevada Gaming Commission will require casino operators to take more stringent approach in monitoring their nightclub venues, hoping to avoid regulatory complaints that often led to six- and seven-figure fines for allowing illicit activity inside the venues.Among the changes, the casinos will have to designate an employee to oversee and monitor the nightclubs and that person will have to be licensed under state gaming regulations as a key employee...read more