Featured Articles Archive - Page 142

Wynn Resorts investor reduces ownership stake

Investment firm T. Rowe Price Group, once the largest single shareholder in Wynn Resorts Ltd., has reduced its stake to 4.6 percent after the firm's second massive sell-off since April.The firm once owned 17 million shares, or 16.8 percent of the company...read more

Day 6 of the WSOP Main Event shows a shift in the meaning of 'social'

LAS VEGAS -- Poker is always called a "social game." In home games, where most poker (in the U.S.) is played, that statement is true. But once you leave the friendly confines of the home game, it rings hollow. In competitive poker -- and especially in tournament poker -- the poker player is truly alone.That's not true in other individual sports and games...read more

Caesars Interactive levels up with Mitch Garber at the helm

It’s not all about traditional gambling anymore for Mitch Garber.Five years ago, he set out to create Caesars Interactive Entertainment as an Internet wagering giant. The company controlled poker’s best brand — the World Series of Poker — and interest in legalizing online gaming was widespread.Previously, Garber operated European online gaming leader PartyGaming and he planned to transfer that experience to the United States.When state and federal legislation stalled, however, Garber turned Caesars Interactive into a social gaming giant...read more

Inaugural Fantasy Sports Combine to take place in Vegas

The growing world of daily fantasy sports takes center stage in Las Vegas next week.The first Fantasy Sports Combine is scheduled for Friday and Saturday at Wynn Las Vegas and Encore Resort. The sessions will include talks by fantasy sports experts, broadcasters and sports personalities, including former National Football League coaches Mike Shanahan and Mike Ditka.The conference comes a week after Yahoo announced its entry in the fantasy sports business, challenging FanDuel and DraftKings, which control some 90 percent of the market.The website launched a daily fantasy sports site on Wednesday, which is an upgraded version of its fantasy sports mobile application...read more

Gaming industry debates whether fantasy sports is gambling or skill gaming

There is a reason Nevada’s gaming industry has avoided getting involved in the estimated $15 billion a year online fantasy sports business.Most believe the growing activity constitutes unregulated gambling.Sports fans pay a fee to enter single-day or seasonlong contests that pay out millions of dollars in cash prizes.“You put up of something of value, cash, to win something of value, cash,” said Joe Asher, CEO of sports book operator William Hill U.S...read more

Inside Gaming: Winners and losers in the Massachusetts casino scene

The opening of the $250 million Plainridge Park Casino last month wasn’t exactly the grand unveiling Massachusetts gaming backers envisioned more than four years ago.We’re not being critical of Penn National Gaming’s newest casino. The all-slot machine facility is attached to the Plainridge Park Racecourse, a harness racing track, in Plainville, a town about 35 miles southwest of heavily populated Boston.The trouble is Plainridge Park — Massachusetts’ first legal gambling hall — will be the commonwealth’s last casino for a few years...read more

Top 10 things the World Series of Poker got right this year

Boasting 67 tournaments over a month and a half of the summer, the World Series of Poker is the biggest and most popular poker event in the world. With that designation comes high expectations from players, media and all other stakeholders involved.It also means that, with upwards of 50,000 poker players descending on the Rio All-Suite Hotel & Casino throughout the summer, some people are going to complain...read more

Prize money doesn't dull the pain at the WSOP Main Event

LAS VEGAS -- There's no good way to bust out of the World Series of Poker Main Event. But some ways are a lot worse than others -- a lesson Heinz Kamutzki learned the hard way on Day 5 of the World Series of Poker Main Event.Kamutzki's day started innocently enough...read more

You get 1 million chips, you get 1 million chips, everyone gets 1 million chips

LAS VEGAS -- Attention shifted from the small stacks to the monster stacks on Day 4 of World Series of Poker Main Event.When play began Saturday afternoon, only 661 players from the original field of 6,420 players remained -- and only three players had more than 1 million in chips...read more

Money bubble gets a Hollywood ending at the WSOP Main Event

LAS VEGAS -- The money bubble arrived a day early at the World Series of Poker Main Event. Normally a Day 4 staple, the bubble burst just after the dinner break on Day 3 because of change in the Main Event payout structure. Traditionally, the Main Event paid prize to money to 10 percent of the field...read more