Featured Articles Archive - Page 122

Inside Gaming: Kentucky judge levels 'egregious' penalty against PokerStars

We know Kentucky has problems filling its budget gaps, but a state judge's Christmas Eve gift was a little extreme.In essence, Franklin Circuit Judge Thomas Wingate is forcing owners of an online gaming company to pay penalties of $870 million, which could help bail out the financially troubled commonwealth.Heck, you could buy all of Kentucky for that amount.Maybe the judge had few mint juleps at the court's holiday party.Wingate, ruling on a case that had been languishing since 2010 and relying on a centuries-old law that allows individuals with gambling losses to sue their opponents, said Amaya Inc...read more

Nevada gaming regulators monitoring Adelson's Review-Journal purchase

State gaming regulators are monitoring the issues surrounding the purchase of the Las Vegas Review-Journal by the family of Sheldon Adelson, the majority shareholder in casino giant Las Vegas Sands Corp.Gaming Control Board Chairman A.G. Burnett cites Nevada gaming regulations and the state's public policy covering gaming license holders in saying regulators have the right to look into the transaction.The agency has previously questioned the outside investments of gaming license holders...read more

Hyde Lounge nightclub will have branch in Las Vegas Arena

Nightclub and restaurant operator SBE Entertainment said Monday it will place a branch of its Hyde Lounge nightclub inside the $350 million Las Vegas Arena, which opens in April.In a statement, Los Angeles-based SBE said the 18,000-square-foot space will include two platforms that extend over the arena seating for viewing, as well as lounge experience with a bar and restaurant.SBE has placed the Hyde Lounge in two other sports and entertainment arenas: the Staples Center in Los Angeles and the American Airlines Arena in Miami...read more

Illinois attorney general says DFS constitutes gambling

Two weeks after a New York Supreme Court judge ruled that fantasy sports were against the law, the hammer came down again last week, this time in the fourth-largest market, when the Illinois attorney general said DFS constituted illegal gambling under the state's law.In a written opinion released two days before Christmas, Illinois attorney general Lisa Madigan explained that it does not matter if DFS involves "luck or skill" since state law prohibits both."Absent legislation specifically exempting daily fantasy sports contests from the gambling provisions, it is my opinion that daily fantasy sports contests constitute illegal gambling under Illinois law," she wrote.Madigan, a Democrat, also sent letters to the two industry giants – DraftKings and FanDuel – saying she expected both sites to cease operations in Illinois.Both companies responded with statements condemning Madigan's opinion."Chicago may be the best sports town in the country," FanDuel said in a statement posted on its website...read more

Top 10 poker stories of 2015

The landscape of the poker world changed for the better – and the worse – in several ways this year, but overall, 2015 was an exciting year for poker players and fans alike.Poker picked up momentum in the U.S. in 2015, as the World Series of Poker hosted the largest live tournament of all time in May and some states moved closer to regulating the game online...read more

Dan's DFS picks for NFL Week 16

It's a Christmas miracle . . . we cashed!After a four-week losing streak, my Week 15 lineup broke through and made the money in the final DraftKings Millionaire Maker of 2015. And it was a big win, too, because I spent the last $20 in my account to buy in to the tournament.Still, I'm having a pretty terrible daily fantasy football season...read more

Casino Openings & Expansions: Bicycle Casino realizes 'decade-long vision' with luxury boutique hotel

As the first guests entered The Bicycle Hotel & Casino earlier this month, Robert H. Carter experienced a keen sense of satisfaction. For nearly three decades, The Bicycle Casino – or "The Bike," as it's often called – has been an iconic figure in the poker world...read more

Top 10 things I learned at Casino City this year

I knew very little about the gaming industry when I took this job as Casino City's copy editor earlier this year. I wasn't even especially familiar with it from a user perspective — entering the workforce with a degree in creative writing was enough of a gamble for me, thanks!Fortunately for me, the way this whole copy editing gig works is that I bring the grammar nerdery and a copy of the AP Stylebook, then I get to learn the content stuff on the job...read more

Kerkorian investment arm moving headquarters to Las Vegas

Tracinda Corp., the investment arm of late billionaire Kirk Kerkorian, is moving its corporate headquarters to Las Vegas from Los Angeles to be closer to the company's largest holdings, MGM Resorts International.The company owns 16.19% of the Strip gaming giant...read more

Inside Gaming: Wire Act hearing a disaster for online gambling opponents

The recent congressional hearing into legislation that would ban online gaming couldn't have gone worse for backers of the bill even if they attempted to sabotage the three-hour meeting themselves.Maybe they did.Three witnesses who testified in support of a measure that would roll back the Interstate Federal Wire Act to its pre-2011 interpretation came off as uninformed and unprepared.Republican congressmen trashed the legislation, which has been endorsed by billionaire casino owner Sheldon Adelson, a prolific GOP campaign contributor who has made wiping out Internet gaming a pet project.Rep...read more