Featured Articles Archive - Page 149

Downtown Grand shuffles leadership; Schorr becomes chairman

Downtown Grand Las Vegas Hotel & Casino shuffled management at the 634-room hotel-casino Monday with CEO Seth Schorr giving up day-to-day operational duties and taking on the new title as chairman.Schorr will be replaced by Jim Simms, who joins Fifth Street Gaming after managing regional casinos in the U.S...read more

Paragon Gaming's Vancouver casino project under construction after five-year wait

Casino operator Paragon Gaming has begun construction on a long-planned $600 million hotel-casino complex in Vancouver, British Columbia, that was scuttled in 2011 but revived nearly 2½ years later.Scott Menke, president of Las Vegas-based Paragon, said the development, called Parq Vancouver, is fully financed and will be the province’s largest private development...read more

Top 10 ways to improve the WSOP Colossus

I spent last week in Las Vegas covering the World Series of Poker's Colossus event. The $565 poker tournament drew 22,374 entries from 14,284 unique players; both numbers broke the record of 8,773 (players and entries) set by the 2006 WSOP Main Event.There's no doubt the tournament was a huge success...read more

Inside Gaming: Amaya poised for NASDAQ listing, but its Web gaming products still beyond reach

On Monday, American stock speculators will be able to buy shares of Internet gaming giant Amaya Inc. on NASDAQ.Meanwhile, American online poker players still can’t place wagers through the company’s most popular product.So go the trials and tribulations of Montreal-based Amaya.After spending $4.9 billion last summer to acquire Rational Group — the parent company of PokerStars.com and Full Tilt Poker — Amaya has become an important fixture in Internet gaming...read more

Caesars stock hits 52-week low as company seeks to stop bankruptcy litigation

The stock price of Caesars Entertainment Corp. sunk to a 52-week low Friday as investors worried about the outcome of legal proceedings in federal bankruptcy court, which could leave the casino operator on the hook for more than $1 billion in debt obligations.A decision against the company could force Caesars to follow its largest operating division into bankruptcy protection.Shares of Caesars closed at $6.41 on the Nasdaq Friday, down 75 cents, or 10.54 percent...read more

Perelman backs Graham's presidential bid despite proposed online gambling ban

Billionaire Ronald Perelman, who is the chairman and largest stockholder of lottery and slot machine giant Scientific Games Corp., plans to support the presidential bid of South Carolina Senator Lindsey Graham, despite the Republican candidate’s backing of legislation that would ban Internet gambling.Scientific Games, which is headquartered in Las Vegas, has a large interactive gaming division that operates online lotteries in the U.S...read more

Deal Me In: Doing dice the easy way

Dear Mark: I would like to learn how to play dice. What is the best way? Dave K.Craps with confidence, Dave, commences by reading a decent book on the game. For the dice apprentice, Henry Tamburin’s Craps: Take the Money and Run or Beat the Craps Out of the Casino by Frank Scoblete are two of my favorites for the beginner player...read more

Wynn Resorts shares rise despite 'Macau malaise'

Wynn Resorts, Limited, which has seen its share price hammered over the past few days over “Macau malaise,” bounced back on Thursday after an analyst said the low price presented a buying opportunity.Shares of Wynn, which operates two casinos in Macau and two Strip resorts, jumped as much as 8 percent on the Nasdaq before closing at $109.44, up $7.39 or 7.24 percent.JP Morgan gaming analyst Joe Greff told investors in a research note on Thursday that Wynn’s stock price decline of almost 19 percent in recent weeks “provides an opportunity for both near-term and long-term investors in what we would describe as a defendable valuation.”Wynn fell below $100 a share on Monday for the first time since December 2010 after Macau reported its 12th consecutive monthly gaming revenue dip...read more

Sandoval signs bills seen boosting sports-betting handle in Nevada

Two bills backed by the Nevada sports betting industry that could lead to an increase in the $3.9 billion already wagered annually in the state’s sports books were signed into law by Gov. Brian Sandoval.Senate Bill 443 authorizes the formation of business entities to place race and sports pool wagers...read more

Garcia wins WSOP Colossus title, $638,880

LAS VEGAS — Cord Garcia defeated Brad McFarland heads-up to win the World Series of Poker's $565 Colossus event -- the largest tournament in poker history. Garcia won $638,880 and his first World Series of Poker bracelet for finishing first.Garcia is a professional poker player who started playing in underground games in Houston when he was 15 years old.Garcia stares down McFarland during the final hand...read more