Featured Articles Archive - Page 143

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

Conoley follows in Baranowski's footsteps, notches first Main Event cash

LAS VEGAS – They say don’t mess with Texas. At the very least, there's one Dallas-area home poker game you should probably stay away from.Last year, Casino City profiled Dallas chiropractor Dean Baranowski and his wife, Colleen, on Day 1C of the World Series of Poker Main Event...read more

Caesars operating division records $24.9 million in net income in May

Caesars Entertainment Corp.’s bankrupt operating division recorded a net income of $24.9 million during May, according to a securities filing.Caesars Entertainment Operating Co., which filed Chapter 11 bankruptcy in January in Chicago, said in the division had $339.6 million in total revenue during the month, which included $246 million in casino revenue, according to the filing with the Securities and Exchange Commission.CEOC controls Caesars Palace, Caesars Atlantic City, Harrah’s Reno and more than a dozen regional properties.Because of CEOC’s bankruptcy reorganization, the division has to file monthly operating results.“The financial information contained herein is presented on a preliminary and unaudited basis and remains subject to future adjustment, which may be material, and reconciliation,” the company said in the SEC filing.In April, CEOC reported a net income of $53 million.Caesars Entertainment has a gaming industry high $22.8 billion in long-term debt, of which $18.4 billion is attached to CEOC...read more

Varnell continues hot streak to finish Day 2C among chip leaders

LAS VEGAS – Craig Varnell is on the heater of a lifetime.On July 4, the Colorado-based poker pro finished third in the $1,000 WSOP.com Online No-Limit Hold’em event, winning $73,079. Three days later, Varnell took to the Strip and continued to run good, besting a record WPT field of 5,113 entries to win the WPT500 Aria and $330,000.On Thursday night back at the Rio All-Suite Hotel & Casino, Varnell continued his torrid pace, ending Day 2C of the 2015 World Series of Poker Main Event with 274,200 chips.Fresh off two of the biggest scores of his career, Craig Varnell finished Day 2B as one of the chip leaders of the 2015 WSOP Main Event...read more

One on one with WSOP Tournament Director Jack Effel

LAS VEGAS – The 2015 World Series of Poker has seen record fields, made multiple millionaires and introduced tournaments never seen in the poker world.The 67-event series got off to a roaring start in late May with the $565 buy-in Colossus, which at 22,374 entries (14,284 unique players), set the record for the largest poker tournament ever...read more

Nevada regulators tentatively approve merger of Golden Gaming, Lakes Entertainment

Nevada gaming regulators on Wednesday tentatively approved the $341 million merger of slot machine route giant Golden Gaming with casino operator Lakes Entertainment, turning the family owned business into a publicly traded company.Golden Gaming and Lakes announced the merger in January...read more

Nevada regulators recommend Full House CEO for gaming license

Full House Resorts CEO Dan Lee was recommended for a gaming license by the Gaming Control Board on Wednesday, seven months after he led a takeover of the Las Vegas-based casino company.Full House owns three casinos: Rising Star Casino Resort in Indiana; Silver Slipper Casino in Bay St...read more

Anand leads, Hastings builds big stack at end of Day 2AB

LAS VEGAS – Shrewbury, Massachusetts native Amar Anand ended Day 2AB of the 2015 Main Event as the massive chip leader.Anand bagged 603,500 chips at the end of Wednesday night’s play, outpacing the rest of the field by more than 100,000 chips...read more

Comins brings experience from playing against father to Main Event

LAS VEGAS – Joe Comins has been preparing for his first World Series of Poker Main Event for 37 years.Comins began playing Texas Hold’em with his father in 1978, long before the mid-2000s poker boom and the advent of online poker. He played his dad for his allowance money...read more

Inside Gaming: Greek lottery rules changes cost IGT, Scientific Games millions

At first glance, it appeared the Greece financial crisis had dipped into the country’s lottery network.Instead, the Greek company that operates the nation’s lottery implemented what one analyst called “a hard-nosed negotiation tactic” to extract more favorable contract terms after Greece’s Hellenic Gaming Commission announced new lottery industry regulations.But the move hits the bottom lines of Nevada’s two largest slot machine manufacturers, costing Scientific Games Corp...read more