Featured Articles Archive - Page 173

Gaming regulators may allow wagering on Olympics

LAS VEGAS -- The Nevada State Gaming Control Board will consider a regulation change next month that would allow Nevada sports books to accept wagers on the Olympics.The only question is whether or not the betting would be allowed on all Summer and Winter Olympics events, or just a handful of popular competitions.During an hourlong workshop Thursday to discuss the idea — initially proposed by South Point Hotel Casino and Spa owner Michael Gaughan — there was clearly widespread support for the activity from the gaming industry.Sports book operators CG Technology, William Hill U.S...read more

Caesars places largest operating division into bankruptcy

LAS VEGAS -- Caesars Entertainment Corporation placed its largest operating division into bankruptcy Thursday, taking the initial steps to eliminate almost $10 billion of debt and restructure the casino operator's troubled balance sheet.The pre-packaged filing covering Caesars Entertainment Operating Co...read more

American Gaming Association expands in membership, influence

WASHINGTON, D.C. -- Inside the American Gaming Association's new headquarters in Washington are a few slot machines to entertain policymakers and other visitors. The free-play games also serve as instructional tools to teach gambling novices about the inner-workings of the casino industry.A large poker table is on order.No word yet on house rules.The offices also feature a sports ticker, a personal favorite of association CEO and die-hard Green Bay Packers fan Geoff Freeman...read more

Baha Mar resort in Bahamas opening March 27

The initial phase of the $3.5 billion The Baha Mar Casino & Hotel in the Bahamas will open March 27.The project, which has been under construction for almost three years, includes the 1,000-room Baha Mar centerpiece, a 300-room SLS LUX Hotel, and a 200-room Rosewood at Baha Mar Hotel...read more

Z Capital Partners boosts stake in Affinity Gaming

Illinois private equity firm Z Capital Partners, the largest shareholder in casino operator Affinity Gaming, has increased its ownership stake in the company whose holdings include the three Primm resorts and the off-Strip Silver Sevens.In a filing with the Securities and Exchange Commission, Z Capital said it now owns 39.5 percent of Affinity.Silver Point Capital of Connecticut, another private equity firm, owns 25.1 percent of the company...read more

Creditors attempting to block Caesars planned restructuring

Junior level creditors of Caesars Entertainment Corp. are attempting to block this week’s planned restructuring of the casino company’s primary business unit.The lenders, led by Appaloosa Investment LP, filed an involuntary Chapter 11 bankruptcy against Caesars Entertainment Operating Co...read more

Top-10 bets to make any football game interesting

We're entering the beginning of the end of the football season. While there aren't many games left before the end of the season, the college national championship will be played on Monday night, and the AFC championship, NFC championship and Super Bowl will be among the most-watched sporting events of the entire year.It can get to be too much, especially if you're not much of a football fan...read more

Law firm steeped in Nevada gaming history relegated to history pages

LAS VEGAS -- Back when Nevada and Atlantic City were the only places in the United States to find casinos, the law firm Lionel Sawyer & Collins ruled the legal roost.With the New Year’s Day addition of nearly 20 of the firm’s attorneys into the Fennemore Craig law firm, Lionel Sawyer & Collins has been relegated to the gaming industry history pages, joining the names Frontier, Dunes, Stardust, Aladdin and El Rancho Vegas.The firm represented owners who operated those departed Strip resorts.Pulitzer Prize winning journalist David Cay Johnston, author of “Temples of Chance,” the 1992 book on the corporate takeover of the casino industry, described the law firm as the most powerful legal house in Nevada...read more

Deal Me In: We're all just grinding it out

Dear Mark: I agree with just about everything you write, especially making bets that have less than a 2 percent casino advantage. That said, I would not by any stretch call myself a successful gambler. It seems I am like every other want-to-be winner, just trying to grind it out...read more

Top-10 things to stop saying at the poker table this year

It's the time of year when people start to make ridiculous proclamations in hopes of turning over a new leaf. Sure, losing 20 pounds this year would make you a lot healthier, but you didn't do it last year, or the year before. I'm not saying you should give up on that goal, but maybe you should build your confidence by setting some more easily attainable goals first.One thing every poker player should aim to do this year is make playing more enjoyable for the rest of the people at their table...read more