Featured Articles Archive - Page 168

Deal Me In: Time-killing bet causes confusion

Dear Mark: I enjoyed your May 1, 2015 column on "low roller" time-killing bets (keno in particular). It brought back memories. I only dabbled with keno when I exceeded my gambling budget for the day, and I'm certainly not an expert.However, it seems that you should have mentioned that keno odds vary between casinos, and expected payout will also vary according to how many numbers one chooses...read more

Longtime gaming attorney Silver joining Dickinson Wright

Longtime Las Vegas gaming attorney Jeff Silver announced Thursday he was departing the law firm that still carries his name to join Dickinson Wright.Silver, 69, who has represented and worked for several casino companies during his 40-year career, gave up his role as senior partner in the Gordon Silver law firm in 2013...read more

Bill approving slots with skill factor heads to governor

A bill backed by Nevada’s gambling equipment manufacturers that would allow slot machines to add a skill-based, arcade-style element to the game has been approved by both legislative chambers and awaits the governor’s signature.Senate Bill 9 was proposed by the Association of Gaming Equipment Manufacturers and came of out of last year’s interim study committee that looked at the effect of technology on gaming.The idea was to create slot machines that have elements of skill and other features to attract younger gamblers...read more

Full House Resorts sees net revenues dip slightly

Full House Resorts saw net revenues decline slightly in the first quarter as new management takes control of the Las Vegas-based casino operator.Full House, which operates casinos in Indiana, Mississippi and Northern Nevada, said its net loss was $1.8 million, or 9 cents per share for the quarter that ended March 31...read more

Cosmopolitan of Las Vegas halves net loss in latest quarter

The Cosmopolitan of Las Vegas reduced its net loss by more than half in the first quarter, its first full three-month period under the ownership of the Blackstone Group.The hotel-casino, which was sold to the real estate investment conglomerate in December, said Wednesday it lost $5.39 million in t...read more

IGT reports net loss before finalizing merger with GTECH

Slot machine giant International Game Technology lost $13 million and saw total revenue decline 22 percent in its final quarter before completing a $6.4 billion merger with lottery provider GTECH Holdings.The combined company — now called IGT — released results for the quarter that ended March 31 for each company...read more

Station Casinos gains tentative OK to be treated like other casino companies

Station Casinos gained tentative approval Wednesday from Nevada gaming regulators to be treated by like any other casino company.The locals casino operator asked the Gaming Control Board to remove a condition to the company’s gaming license that was a holdover from when its was owned by a private equity firm...read more

Paragon Gaming gets tentative nod to take over Westgate Las Vegas operations

Casino management company Paragon Gaming hopes to take over operations of Westgate Las Vegas Resort & Casino on June 1, but the off-Strip resort is already benefiting from the planned association.Paragon President Scott Menke told the Gaming Control Board on Wednesday that 150,000 room nights for this year that had been booked at the now-closed Riviera were transferred to the Westgate...read more

Inside Gaming: Portugal and Macau forever linked despite distance of 6,800 miles

ESTORIL, Portugal — Outside the primary entrance to Casino Estoril, a stone marker with colorful tiles recognizes the one-time kingpin of Macau’s gaming industry.Portugal and Macau are forever connected despite a separation of more than 6,800 miles.Much of the relationship hinged on controversial Hong Kong billionaire Stanley Ho...read more

Gambling and the Law: Is proxy play legal?

In a Very Important Person suite in a casino in Macau, a scene similar to the following is probably taking place at this very moment. The game, of course, is baccarat.Junket operator into a telephone headset: “OK. How much do you want me to bet on this hand?”High roller, from somewhere on the Chinese Mainland: “$100,000.”Junket operator: “OK...read more