Featured Articles Archive - Page 124

Dan's DFS picks for NFL Week 7

Hey, my Lions stack worked! Well, sort of. I still didn't win any money last week.My lineup was hit and miss. Matthew Stafford had one of the best games of his career, just as I predicted, throwing for 405 yards and four touchdowns – including one each to Calvin Johnson and Golden Tate, who were both also on my team...read more

Sheldon Adelson calls Macau environment 'challenging'

Sheldon Adelson was more restrained in his comments about Macau than his Strip neighbor.Las Vegas Sands Corp. said Wednesday its earnings and revenue declined in the third quarter as the company's Macau business drove down results. Adelson, the casino operator's billionaire chairman and CEO, called the Macau operating environment "challenging."Still, Las Vegas Sands benefited from a positive quarter in its other three markets, including the Strip and Singapore.Las Vegas Sands said its profits for the quarter that ended Sept...read more

Japanese lawmakers table casino expansion legislation

Once again, casino legislation in Japan appears dead.Union Gaming Group Managing Partner Grant Govertsen said the Japanese legislative body decided not to hold a special session this fall, meaning gaming expansion is off the table for 2015.Japan lawmakers and the country's prime minister have considered legalizing at least two full-scale resorts in Tokyo and Osaka, with the tax proceeds being used to fund infrastructure expansions needed for the 2020 Summer Olympics in Tokyo.The interest attracted the major Las Vegas gaming companies, including MGM Resorts International, Wynn Resorts Ltd., and Las Vegas Sands Corp.In a report to investors, Govertsen, who is based in Macau, said 2016 now represents the earliest potential for passage of the first of two gaming bills required for casino expansion...read more

2015 WSOP Main Event November Nine Profile: Tom Cannuli

Tom Cannuli File Age: 23Hometown: North Cape May, New JerseyPosition: 6thChip Count: 12,250,000Career WSOP Cashes: 3Favorite poker book: None. "Honestly, I have never read a poker book in my life. I've been given a bunch of them. I think I have some laying around here somewhere...read more

U.S. Attorney behind Black Friday investigating daily fantasy sports

Preet Bharara is at it again.The U.S. Attorney who led the effort to shut down the U.S. online gambling industry on Black Friday in April 2011 is now investigating the legality of daily fantasy sports (DFS), according to the Wall Street Journal.Companies like DraftKings and FanDuel that offer real-money fantasy sports games operate in the U.S...read more

International diplomacy, Steve Wynn-style

It's a good thing Wynn Resorts Ltd. elected the longest serving U.S. Ambassador to China to its board of directors last week.The company needs some diplomacy to repair the damages after Steve Wynn's hourlong tirade against Macau gaming regulators on a conference call with analysts."I don't know that this has been the most satisfying quarterly phone call we've ever had, but at least it's the most candid and the most honest one that we could possibly give everybody," Wynn said at its conclusion.He blasted the limits that Macau gaming regulators have placed on the number of table games properties are allowed to operate...read more

Mulroy voted on Wynn matter before joining company's board

Former Nevada Gaming Commission member Pat Mulroy voted favorably on a matter involving Wynn Resorts Ltd., in August, two months before she was elected to the casino company's board following a favorable Ethics Commission opinion that allowed her to avoid the state's one-year cooling off period for casino regulators.Mulroy voted with the other four Gaming Commission members to approve a technical language change in Wynn Resorts' orders of registration which cover the company's Las Vegas properties and a planned hotel-casino in Massachusetts.The vote was part of one 17 consent items in which the commission didn't discuss the issue publicly and simply accepted the recommendation of the Gaming Control Board.Eleven days after the Gaming Commission meeting, Mulroy asked the Nevada Commission on Ethics for an opinion on joining the Wynn board.The one-year cooling off period, spelled out in state law, prohibits a former Nevada gaming regulator from accepting employment with a licensed gaming company until 12 months after they have left office...read more

Despite ban, DraftKings operated in Nevada over the weekend

Daily fantasy sports websites continued to accept customer activity in Nevada over the weekend despite a ban imposed by state gaming regulators on unlicensed operators.DraftKings, one of the industry's two largest sites, allowed players in some contests to continue to set lineups even though it had notified Nevada customers their accounts would be locked.Gaming Control Board Chairman A.G...read more

ESPN WSOP Main Event Recap: Episodes XI, XII

We’re now just three weeks away from the final table of the 2015 World Series of Poker Main Event, and ESPN’s coverage of the days leading up to the November Nine is getting intense.This week’s episodes picked up on Day 6 of the Main Event with 45 players remaining...read more

Penn National planning better dining options for Tropicana

It was a bit surprising to hear the chief executive of a major casino operator describe the Strip resort his company recently bought for $360 million as a "dormitory."The comment about the Tropicana Las Vegas wasn't meant to be derogatory.Penn National Gaming CEO Tim Wilmott said the regional gaming company is committed to improving the Strip resort by bringing in nongaming amenities so that customers won't have to walk across Tropicana Boulevard and the Strip to the MGM Grand Hotel & Casino Las Vegas, Excalibur Hotel and Casino, or New York-New York Hotel & Casino for a good meal.The Tropicana's 1,500 hotel rooms and suites "are in excellent shape and high quality," Wilmott said...read more