Featured Articles Archive - Page 145

Duhamel builds big stack on Main Event Day 1A

LAS VEGAS – The 2015 World Series of Poker Main Event kicked off Sunday at the Rio All-Suite Hotel & Casino, as 480 of the 741 players who entered on Day 1A survived to move on to Day 2.Former Main Event champion Jonathan Duhamel was among the chip leaders when Day 1A ended...read more

2015 WSOP Main Event kicks off with lackluster atmosphere

The Main Event of the World Series of Poker is the most heralded poker tournament of the year. Thousands of players flock to the Rio All-Suite Hotel & Casino every year to take part in an experience that is, for many, a once-in-a-lifetime endeavor.But as the 2015 Main Event kicked off with Day 1A on Sunday afternoon, the atmosphere was, well, lackluster...read more

Chinese government eases visitation rules as Macau gaming revenues decline

There was actually a glimmer of good news coming from Macau at the end of June.But to find it, you need to look past the Chinese gaming market’s 13th straight monthly gaming revenue decline and the region’s lowest single monthly figure since November 2010.The good news came in the form of a change in visitation rules and one reported uptick in gaming revenue toward the end of the month.The Chinese government eased visitation rules, effective Wednesday, that essentially allows mainland residents to visit Macau twice a month rather than twice in 60 days...read more

Mark Frissora takes over as CEO of Caesars Entertainment

For the first time in 12 years, a new person is at the top of Caesars Entertainment Corp.Mark Frissora took over as CEO of the casino giant Wednesday, replacing Gary Loveman, who remains as the company’s chairman. Loveman will continue to oversee the bankruptcy restructuring of Caesars largest operating division.Frissora, a former top executive with automobile and equipment rental car company Hertz Global Holdings, joined Caesars in February as a member of the board to prepare for the transition.In a statement, the company said Frissora visited most of Caesars domestic properties and worked closely with the current management.“Mark has quickly assumed leadership of the company and has spent his early months at Caesars working closely with the senior team and pursuing opportunities to increase productivity,” Apollo Global Management founder Marc Rowan said in a statement.Apollo and TPG Capital are the principal shareholders of Caesars Entertainment.Frissora, 59, spent seven years as chairman and CEO of Hertz...read more

Inside Gaming: Even after death, Kerkorian's legacy through Tracinda will wield influence

At some point, the estate of Kirk Kerkorian will no longer have ownership in MGM Resorts International.But disposing of more than 91.2 million shares in the casino giant won’t happen overnight.Kerkorian, who died June 16 at age 98, left instructions that Tracinda Corp...read more

Boyd Gaming announces $45 million expansion at Delta Downs

Boyd Gaming Corp. said Tuesday it will spend $45 million to add a hotel tower and other amenities to its western Louisiana race track casino.The company said in a statement it hopes to complete the project in 2016 that will add 167 hotel rooms to the Delta Downs Racetrack Casino & Hotel in Vinton.I...read more

Caesars Entertainment Operating Co. sees net revenue of $53 million for May

Caesars Entertainment Corp. said its bankrupt operating division had a net income of $53 million in April, according to a securities filing.The division, Caesars Entertainment Operating Co., said its total revenue during the month was $327.8 million, including $239.1 million in casino revenue...read more

Z Capital raises offer for Affinity Gaming

Illinois-based investment group Z Capital, which has twice failed to acquire casino operator Affinity Gaming, has made another cash offer to purchase the Las Vegas-based company.In a letter filed Monday with the Securities and Exchange Commission, Z Capital CEO James Zenni said he would pay $11.50 per share to acquire all outstanding shares in Affinity, which operates 11 casinos in four states, including the off-Strip Silver Sevens Hotel & Casino and the three Primm Resorts.Z Capital already controls 40.5 percent of Affinity, which is not publicly traded but has publicly held debt.Affinity turned down an offer of $9.75 per share in May from Z Capital, saying the price “significantly undervalues” the company...read more

Top 10 quotes from Nolan Dalla's WSOP reports

Nolan Dalla is the hardest-working man in poker. The World Series of Poker media director wears a multitude of hats during the annual summer series, from running post-tournament interview sessions, to scheduling dinner meetings with poker media, players and others, to fielding random questions from fans and spectators whom he has never met before...read more

Nevada gaming revenues hit $1 billion in May

Who needs baccarat?Gaming revenue statewide topped the $1 billion mark in May — Nevada’s first billion-dollar month since December 2013 — thanks to regular table game players and slot machine customers attracted to the Strip by a slew of special events during the month.Statewide, casinos collected $1.003 billion from gamblers, a 3.3 percent increase over May 2014...read more