Featured Articles Archive - Page 150

Las Vegas Club to close for renovations

The downtown Las Vegas Club Hotel and Casino, which is being purchased by the owners of The D Las Vegas, will close at an undisclosed date, it was learned Saturday.In an emailed statement, D Las Vegas owner Derek Stevens said he and his brother Greg purchased "the real estate and the building" of the 86-year-old sports-themed hotel-casino...read more

Inside Gaming: Candidates with gaming knowledge dot the presidential field

After billionaire Donald Trump trashed Atlantic City during the nationally televised Republican presidential candidates' debate, Geoff Freeman had to be smiling to himself.Not because of what Trump said. Rather, it was the setting in which the former casino owner, New York real estate developer and GOP presidential candidate uttered those remarks...read more

Deal Me In: Is free slot play rigged?

Dear Mark: When a casino gives free slot play, does the slot machine “know” you are playing with the casinos free given “money”? It seems that spins on the slot machine change when I put my money in the machine. Say, for instance, I get $5 free play...read more

Full House reduces quarterly net loss

Las Vegas-based Full House Resorts reduced its net loss in the second quarter, announcing its results the day after revealing plans for a $650 million gaming development in Indianapolis.The company, which operates casinos in Northern Nevada, Mississippi and Indiana, said Wednesday it lost $427,000, or 2 cents per share, in the quarter that ended June 30...read more

Global Cash Access changes name to Everi Holdings

Las Vegas-based Global Cash Access announced its new name Thursday, saying the company will be known as Everi Holdings Inc. starting Aug. 24.The name change, which was announced during the company's second quarter earnings, reflects its move from providing just payment processing and financial services to casinos...read more

Full House Resorts proposes $650 million Indianapolis casino

Las Vegas-based casino operator Full House Resorts wants to build a $650 million resort development near Indianapolis and is willing to give up half the games at its southeastern Indiana casino for the project.The company proposed the development to Indiana lawmakers at the site of a razed airport terminal and nearby parking lots that are no longer used by the Indianapolis Airport Authority...read more

IGT grows quarterly revenue as profits decline

Slot machine maker International Game Technology grew revenue 36 percent in the second quarter but saw a decline in profits as the now London-based company reported its first full earnings since merging with lottery giant GTECH Holdings in a $6.4 billion deal in April.In the quarter that ended June 30, the combined company said its net income of $116 million declined 32 percent from a year ago...read more

Inside Gaming: Harrah's New Orleans sees revenue drop under smoking ban

Hurricane Katrina couldn't crush the spirit of Harrah's New Orleans Casino 10 years ago. The aftermath of the massive storm shuttered the property near the Mississippi River and entrance to the famous French Quarter for just six months while the city recovered, reopening for Mardi Gras in February 2006.But a citywide ban on smoking in most public venues within Orleans Parish that went into effect April 22 has done more damage to the property on paper than any storm surge or 100-mph winds.Harrah's New Orleans officials warned city leaders last spring that a smoking ban would curtail casino revenue up to 15%, costing the parish millions in gaming and sales tax dollars.Their predictions rang true.The smoking ban was blamed for a 16% decline in gaming revenue at Harrah's New Orleans during May...read more

Russian government officials signal shift in online poker stance, may move towards regulation

Russian authorities may be aiming to reclassify poker as a game of skill and regulate online poker in order to generate tax revenues to fund the state's sporting ventures.In July 2014, Russian Deputy Prime Minister Igor Shuvalov commissioned a study to assess whether or not poker is a game of skill...read more

Top 10 favorite poker rooms I've ever played in

Poker players have funny memories. Ask them to describe what they had for breakfast and they won't remember, because they probably ate "breakfast" at 2 p.m. the day after logging a 21-hour session at the tables. But ask them to describe a bad beat they took during that session and they'll provide every single minute detail, down to the speed and velocity at which the dealer peeled the one-outer on the river.My memory functions no differently than the common poker player's, because that's exactly what I am — though I don't play nearly as often as I used to, or quite frankly, as I'd like to...read more