Featured Articles Archive - Page 199

Top-10 2014 NFL bets gone bad

There's nothing worse than a sports bet that looks like it's a cinch to win, but then something happens in the last minute or two of the game that changes everything and turns your winning ticket into a loser.New Jersey residents — and those in neighboring states — probably felt that way this weekend, when U.S...read more

Full House Resorts bylaws change makes special meetings more difficult

LAS VEGAS -- A sudden bylaw revision by Full House Resorts, Inc. will make it difficult for shareholders seeking changes in the regional casino operator to call a special meeting before the end of the year.In a filing with the Securities and Exchange Commission, the Las Vegas-based company’s board voted Tuesday to limit the number of special meetings called by stockholders and to delay any request.“The company believes that it would be costly and disruptive to hold a special meeting only a few months before the company’s annual meeting,” Full House said in the SEC filing.The company put itself up for sale Wednesday, almost two weeks after five investors — led by gaming executive Dan Lee — initiated a proxy fight...read more

Deal Me In: Patience is needed for volatile bonus video poker machines

Dear Mark: When it comes to video poker games, which do you prefer, Jacks-or-Better, or one of the many Bonus games that are offered? I am figuring it is Jacks-or-Better as you use it as an example more often than not. John P.There are multiple reasons, John, why I use the same ole Jacks-or-Better machines as an example in this column...read more

Respect was earned for founding father of local casinos

LAS VEGAS -- It seemed out of place to refer to gaming industry pioneer Frank Fertitta Jr. by his first name.Other than close friends and business associates, the late founder of Station Casinos was known as “Mr. Fertitta.”It was out of respect.To employees, customers and admirers, he was “Mr...read more

Gaming regulators allow Real Gaming poker website to move ahead

LAS VEGAS -- State gaming regulators took the “soft launch” tag off the Real Gaming poker website Thursday, allowing the Internet presence for Michael Gaughan’s South Point Hotel Casino and Spa to move forward after a nearly eight-month testing period.RealGaming.com launched in February and joins Ultimate­Poker.com and WSOP.com in offering regulated online gaming to gamblers within Nevada.The website is owned by the South Point and is offering tournament play and cash games across multiple platforms, including PC and Mac computers, smartphones and tablets.The Gaming Control Board held a special meeting in Carson City to consider Real Gaming...read more

Penn National sees revenue, profits decline

Casino operator Penn National Gaming, Inc., which owns M Resort, said Thursday revenue and profits declined in the third quarter as regional gaming markets across the U.S. continued to under-perform.Penn said its net income for the quarter that ended Sept...read more

Casino operator Full House Resorts for sale

Regional casino operator Full House Resorts officially put itself up for sale Wednesday, but the head of an investment group said it would continue seeking a special stockholders meeting to remake the company’s board.In a statement, Las Vegas-based Full House said management was directed to begin a sales process following talks with various advisers.The decision comes almost two weeks after five investors — led by gaming executive Dan Lee — initiated a proxy fight asking the company to hold a special board meeting to vote on expanding the board.“After its evaluation of strategic alternatives, the board of directors has determined that pursuing a sale of the company is the best course of action to maximize stockholder value and is accordingly in the best interest of all stockholders,” the statement read.Full House owns three casinos: one in Indiana, one in Mississippi and the Stockman’s Casino in Fallon...read more

Caesars pursues $1 billion casino in Philippines

Caesars Entertainment Corp. is angling to build a $1 billion hotel-casino development in the Philippines in an effort to break into the Asian gaming market.The Las Vegas-based company operates more than 50 resorts across the U.S., including nine on or near the Strip...read more

Casinos in Japan: Not dead yet

To paraphrase Monty Python, gaming expansion in Japan is apparently not dead yet.That’s good news to some of the world’s biggest casino operators.They view the Land of the Rising Sun as the Holy Grail.Reuters news service reported this week that a Japanese casino expansion bill wouldn’t be voted on by the time country’s legislature (or Diet) adjourns Nov...read more

Trust sides with group seeking change at Full House Resorts

LAS VEGAS -- A trust set up by the late CEO of casino operator Full House Resorts, Inc. is siding with a group of shareholders looking to remake the board of the Las Vegas-based company.In a letter to the company’s board, the co-trustees of the Allen E...read more