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Featured Articles Archive - Page 153
Articles by Howard Stutz
![]() Strip's best April since '08 helps reverse statewide gaming slide1 June 2015 The Strip’s best April in seven years helped reverse a two-month gaming revenue slide in Nevada.Casinos statewide collected $897.9 million from gamblers during April, a 5.39 increase compared to the same month in 2014. On the Strip, gaming revenue increased almost 7.8 percent to $498.8 million.The Gaming Control Board reported the results Friday.Analysts said the numbers for the month offered an positive sign for the market.“The April results have the second quarter of 2015 off to an encouraging start for Strip operators,” Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski said...read moreArticles by Howard Stutz
![]() MGM shareholders re-elect 11-person board of directors1 June 2015 Shareholders in MGM Resorts International re-elected the company’s 11-person board of directors at the annual meeting Thursday.Company spokesman Clark Dumont said in an email the board was re-elected, and the company would release the official vote total in a filing with the Securities and Exchange Commission.MGM had been challenged in a proxy fight by New York investment fund Land and Buildings, which sought to elect four candidates to the company’s board...read moreMoney bubble bursts, WSOP Colossus down to 506 players1 June 2015 LAS VEGAS — The bustouts were fast and furious on Day 2 of the $565 Colossus at the World Series of Poker. In fact, the tournament staff could barely keep up, and it appeared for a few moments as if WSOP officials might have actually missed the money bubble.With 10 minutes remaining in the second level of the day, tournament director Jack Effel told the players to take a break a little early so they could figure out exactly how many players were left in the field...read moreOne on one with WSOP Executive Director Ty Stewart1 June 2015 LAS VEGAS — Now that the final field size in the World Series of Poker's $565 Colossus has been determined, the $5 million guaranteed prize pool for the tournament seems almost quaint.Not only did the tournament meet the guarantee, it more than doubled it, with 22,374 entries creating a prize pool of $11,187,000.Ty Stewart, the executive director of the WSOP, sat down with me on Saturday to chat about the largest live tournament in poker history...read moreColossal displeasure with Colossus payout structure at WSOP1 June 2015 LAS VEGAS — The money bubble burst at the World Series of Poker's Colossus event after just two levels of play on Sunday night at the Rio All-Suite Hotel & Casino, but the bulk of the buzz in the Pavilion was a payout structure that will see first place earn $638,880, or just 5.7 percent of the prize pool — well below the typical winner's share for a poker tournament.When WSOP Tournament Director Jack Effel announced the first-place prize, there was an audible gasp in the room, as all the players in the room seemed surprised by the amount...read moreWSOP Colossus shatters record for largest live poker tournament31 May 2015 LAS VEGAS — The final two starting flights of the World Series of Poker's $565 Colossus event were filled to capacity on Saturday at the Rio All-Suite Hotel & Casino, ensuring that the event wouldn't just break the record for largest live poker tournament, but shatter it.There were more than 24,000 paid entries in the tournament, though the final number will be smaller as some players will be refunded for flights they paid for but didn't end up playing...read moreColossus attracts new faces to WSOP30 May 2015 LAS VEGAS — One of the primary goals of the World Series of Poker's Colossus event, according to WSOP Executive Director Ty Stewart, was to attract new players."Seven or eight years ago, (tournament entries) were two-thirds new players and one-third returning players," said Stewart...read moreFinding fun at the WSOP's Colossus29 May 2015 LAS VEGAS — My World Series of Poker Colossus experience lasted just under three hours, during which I played well for about two hours and 45 minutes and played really, really badly for the last 10 minutes.Such is the nature of no-limit Hold’em tournaments...read moreArticles by Howard Stutz
![]() Caesars in 'painstaking' process to restore lost retirement payments29 May 2015 The general counsel for Caesars Entertainment Corporation told the Nevada Gaming Commission and Control Board on Thursday that the casino company was going through a “painstaking” process to determine how its bankrupt division can restore lost retirement and deferred compensation payments to current and former employees.The issue came up during a routine suitability finding for one of Caesars’ executives.Caesars halted some $78.6 million in monthly payments in January when it filed a Chapter 11 bankruptcy for its largest operating unit...read moreWSOP Colossus field already exceeding expectations29 May 2015 LAS VEGAS — I knew when I registered for the World Series of Poker's "Colossus" last month that I would likely be playing in the world's largest poker tournament to date. But this is starting to get ridiculous.As of Thursday night, the two morning flights (5A and 5C) sold out of their 4,600-seat starting capacity and players were signing up to be seated in late waves, meaning they would miss the first few levels of the tournament...read more |
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