Featured Articles Archive - Page 169

Full House Resorts selects new chief financial officer

LAS VEGAS -- Regional casino operator Full House Resorts, Inc. said it amended several credit agreements and selected a new chief financial officer as it moves forward following a recent management shake-up.The Las Vegas-based company, which owns one casino each in the Northern Nevada community of Fallon, Mississippi and Indiana, and manages a resort in Lake Tahoe, named longtime gaming executive Dan Lee as CEO in December...read more

Top-10 events to look forward to in the 2015 WSOP

The World Series of Poker announced its 2015 schedule last week, and poker players around the world started making plans to make their annual pilgrimage to the Rio All-Suite Hotel & Casino to try their luck at winning the most coveted prize in the game: a WSOP bracelet.There are so many exciting events on the docket this year that it's hard to pick a top-10...read more

Deal Me In: Does the Golden Arm exist?

Dear Mark: I have read about people who are selling info about how to set dice. Is there anything to someone's ability to set dice and to throw them a certain way to improve their ability to throw desired numbers? On the other hand, are you convinced no matter how you "set" the dice that you will have a completely random roll? I think there must be something to dice setting, as some casinos do not let you set them...read more

Caesars new CEO to earn $1.8 million, eligible for bonus

LAS VEGAS -- Caesars Entertainment Corporation’s new chief executive will earn $1.8 million a year in salary, according a filing Thursday with the Securities and Exchange Commission.Mark Frissora, who was named “CEO designee” by the casino operator on Wednesday, can also earn up to 150 percent of his base salary in bonus pay, has use of the company aircraft, and will receive “certain relocation benefits” for moving to Las Vegas, the SEC filing said.Frissora, 59, spent seven years as chairman and CEO of automobile and equipment rental car company Hertz Global Holdings...read more

Station Casinos to operate sportsbook at Sparks casino

LAS VEGAS -- Station Casinos, Inc. is extending its reach northward through an agreement to operate a sports book inside the Baldini’s Casino in Sparks.The location is the company’s second sports book operation outside its large and small casinos in the Las Vegas area...read more

Caesars CEO Loveman stepping down in wake of bankruptcy

LAS VEGAS -- Caesars Entertainment Corporation Chairman Gary Loveman will step down from the company's chief executive role on June 30 and will be replaced by the former chairman and CEO of Hertz Global Holdings, the casino giant announced Wednesday.In a statement Wednesday, Caesars said Mark Frissora, who spent seven years with the automobile and equipment rental car company, will be "CEO designee" until July 1, when he formally becomes CEO.The change comes less than a month after Caesars placed its largest operating unit into a pre-packaged bankruptcy to eliminate almost $10 billion in debt...read more

Inside Gaming: Macau, already reeling, faces possible total smoking ban

After implementing a partial casino smoking ban in October, Macau is contemplating a total prohibition on smoking in all areas of the region's gaming market.Talk about throwing gasoline on a raging inferno.Macau's casino industry is challenged, and that's an understatement.The market has had eight consecutive monthly gaming revenue declines...read more

Redevelopment planned for casino on Paradise Road

LAS VEGAS -- A local real estate developer said Tuesday he acquired majority ownership of the Mardi Gras Hotel & Casino on Paradise Road and plans to redevelop the property.Daniel Grimm of DG Development Corp. didn't give a price for the purchase...read more

Lionel Sawyer law firm files bankruptcy owing $3.37 million

LAS VEGAS -- The historic Lionel Sawyer & Collins law firm, which went out of business at the beginning of the year, filed for Chapter 7 bankruptcy liquidation at the end of January, owing creditors more than $3.37 million.The law firm, once considered the state's largest legal house, said in a voluntary filing with the U.S...read more

Plunge in Macau revenue leads to lower profits for Wynn Resorts

LAS VEGAS -- Macau, which has driven profits for Wynn Resorts, Limited since 2006, caused a steep decline in the company's fourth-quarter earnings.Las Vegas-based Wynn said Tuesday revenue from its two Macau casinos dipped 32 percent in the quarter that ended Dec...read more