Featured Articles Archive - Page 185

Top-10 worst types of people to have at your poker table

If you've been watching the 2014 World Series of Poker coverage on ESPN, you've seen a wide variety of personalities at the poker tables. Whether it was Curtis Rystadt's verbal battle with Kyle Keranen, or Bryan Devonshire's laid-back style (he told Leif Force that he was happy to play with him because he's the only person left in the tournament who's a dirtier hippie than he was), ESPN has really done a great job giving players a glimpse into who the players at this year's tournament really are.Most of the players I've been following have been a pleasure to watch...read more

Vote to reverse Bay State casinos appears losing — or will it?

By all accounts, a referendum to undo Massachusetts’ casino law should get crushed in Tuesday’s election and lose by 15 to 20 percentage points.That’s what the most recent polls say.Then again, this is Massachusetts.Nothing has been simple when its comes to the state’s nascent casino business.Caesars Entertainment Corp...read more

Scientific Games says Bally Technologies deal is on track

LAS VEGAS -- Scientific Games Corporation executives have assured the investment community the company’s $5.1 billion buyout of Bally Technologies, Inc. is on track to close by the end of the year.During the lottery giant’s third-quarter earnings call Thursday, CEO Gavin Isaacs said the company has the ability to fund the purchase...read more

Deal Me In: Is Free Bet Blackjack really a freebie?

Dear Mark: We have a casino a little north of Toronto, Ontario that has added one blackjack table with some variations. If you get a hard 9, 10 or 11, the House will double down for you. Also, if you get a split opportunity, the house will double down for you...read more

Bally Technologies sees dip in quarterly earnings

LAS VEGAS -- Slot machine manufacturer Bally Technologies, Inc. saw first-quarter earnings dip slightly while revenue increased 29 percent.The Las Vegas-based company said its net income for the quarter than ended Sept. 30 was $62.4 million, compared with $57 million in the same quarter a year ago...read more

Boyd Gaming evaluating REIT spin-off

LAS VEGAS -- Boyd Gaming Corporation is evaluating the formation of a real estate investment trust, which could spin off all or a portion of the Las Vegas-based company’s casino holdings into a separate entity.Boyd Gaming CEO Keith Smith said Thursday the company is working with advisors to understand the feasibility of the process...read more

MGM in 'preliminary' talks to bring NHL to Vegas

LAS VEGAS -- The chief financial officer for MGM Resorts International said Thursday the company has held discussions with a group looking to bring a National Hockey League team to Las Vegas, but the talks were preliminary.The casino operator is building a $350 million sports arena and event center behind New York-New York Hotel & Casino on the Strip...read more

MGM Resorts reduces third-quarter net loss

LAS VEGAS -- MGM Resorts International narrowed its third-quarter net loss, but said the company’s results on the Strip were somewhat tempered by construction activity related to its various renovation projects.MGM’s Strip properties as a whole suffered from a lower year-over-year table games hold on wagers.“We made some customers very happy in the quarter,” MGM Resorts Chairman and CEO Jim Murren said on a conference call with analysts and investors.The casino operator, which owns 10 Strip hotel-casinos and the CityCenter development, said Thursday its net loss of $20.3 million for the quarter that ended Sept...read more

Creditor walks away from restructuring talks with Caesars

LAS VEGAS -- One of Caesars Entertainment Corporation’s main creditors has walked away from talks on restructuring a large portion of the casino company’s $24.2 billion debt.In a filing with the Securities and Exchange Commission on Wednesday, Caesars said the creditor declined to extend a nondisclosure agreement to gain access to private information about the company’s operating units.Caesars didn’t name the creditor...read more

Timing right for suitors to pursue Full House

LAS VEGAS -- In the grand scheme of things, the proxy fight over Full House Resorts, Inc. seems like small potatoes.But with regional markets on a downward trajectory, the company is ripe for the taking.Las Vegas-based Full House owns three regional casinos and has a management contract for a Lake Tahoe resort...read more