Featured Articles Archive - Page 147

Caesars to pay $1.5 million fine for multiple errors

Caesars Palace maintained "highly deficient internal controls" inside the Strip resort's private gaming salons, had numerous lapses in its anti-money laundering program and didn't file suspicious transaction activity reports over a three-month period in 2012, according to a stipulated settlement the casino's management entered into with Nevada gaming regulators last week.Caesars Entertainment Corp...read more

Affinity Gaming selects Reganato as chairman

Casino operator Affinity Gaming said Tuesday David Reganato has been elected chairman of the company's board replacing Richard Parisi.No reason was given for the change.Both Reganato and Parisi are senior investment analysts for Connecticut-based Silver Point Capital, which is Affinity's second largest shareholder with 25.1 percent of the Las Vegas-based company...read more

Woolf, Salerno, Valbuena head Gaming Hall of Fame inductees

A long-time casino operator, a sports gambling pioneer, and a principal behind the growth of Indian casinos will be inducted into the Gaming Hall of Fame later this month as part of the Global Gaming Expo in Las Vegas.The American Gaming Association announced Monday that Navegante Group founder Larry Woolf, William Hill US Chairman Victor Salerno, and Lynn Valbuena of the San Manuel Band of Mission Indians in California will be inducted into the Hall of Fame on Sept...read more

Wynn: Troubled junket operator doesn't owe us money

Wynn Resorts, which has seen its stock price tumble more than 65 percent in the last few months over troubles plaguing the Macau gaming market, said Monday that funds stolen from a high-end Chinese junket operator had nothing to do with the company's casino operations.Bloomberg News first reported last week that Dore Group, which acts as a middleman in bringing big-spending gamblers to Macau casinos, was the victim of employee embezzlement and may have lost as much as much $258 million.In a statement released to the Hong Kong Stock Exchange, where shares of Wynn's Chinese subsidiary are publicly traded, Wynn Resorts said Dore "owes no money to the company and continues to operate at Wynn Macau."Junket operators came under fire in the past year after the mainland Chinese government cracked down on corruption and ensnared several high-end businesses...read more

Top 10 takeaways from betting Week 1 of the NFL

Golden Nugget - Las Vegas Director of Race and Sports Tony Miller was, for all intents and purposes, speaking for his entire booking brethren late Sunday night when he posted on Twitter: "Walking out of the Nugget with my ass handed to me."Yes, it was that kind of an NFL Opening Sunday for bookmakers as the majority of public sides and totals cashed in...read more

The D majority owner part showman and successful casino operator

Derek Stevens could never pull off his antics if the privately held The D Las Vegas were publicly traded.The D's majority owner would have given the Securities and Exchange Commission fits with an in-house-produced video of a pseudo board of directors meeting posted to YouTube on Aug...read more

Casino Openings & Expansions: Cherokee Nation to open a second venue in North Carolina

The Eastern Band of Cherokee Indians in North Carolina is doubling down on its hold in the Southeast.On Sept. 28, the Cherokees will unveil Harrah's Cherokee Valley River Casino & Hotel near Murphy, N.C., about one hour from the tribe’s other resort casino, Harrah's Cherokee Casino Resort...read more

Deal Me In: Toilets don't flush themselves

Dear Mark: It seems everywhere you go in the casino one is expected to tip. You seem to encourage it, stating in a column, “Consider it a contribution to Lady Luck.” I would like to think of myself as generous; twenty percent for food servers, slot attendants on payoffs get their share, and of course, dealers always get a piece of my winnings...read more

Dan's NFL Week 1 DFS GPP picks

Week 1 of the NFL season is finally here, kicking off Thursday night with the New England Patriots hosting the Pittsburgh Steelers.I love betting on the NFL – I do it just about every way that I can. And one of my new favorite ways to sweat football games on Sundays is by playing daily fantasy sports (DFS)...read more

New Jersey, Delaware reach iGaming deal

New Jersey and Delaware reached an historic agreement last week that will allow Scientific Games, which operates its business from servers based in Atlantic City, to offer its content through the Delaware Lottery's online gambling platform to players in Delaware.The New Jersey Division of Gaming Enforcement's (DGE) approval of the deal marks the first time that New Jersey has reached a compact with another state for regulated online gambling."This arrangement exemplifies a great collaborative effort between the Delaware Lottery, the New Jersey Division of Gaming Enforcement, Scientific Games and Caesars Interactive Entertainment," DGE Director David Rebuck said in a statement.The agreement does not represent a liquidity sharing arrangement, however...read more