Featured Articles Archive - Page 203

Full House Resorts calls proxy fight "disruptive"

LAS VEGAS -- Casino operator Full House Resorts, Inc. said Monday that it has been “evaluating strategic alternatives for several months” and called a proxy fight by a group of shareholders “inappropriate and disruptive.”The Las Vegas-based company said in a statement it was exploring options, such as “potential merger or sale of the company.”The statement followed a proxy solicitation filed last week with the Securities and Exchange Commission by a group of Full House shareholders...read more

Top-10 things to know about dramaha

A couple months ago, Greg Raymer sent a message to the FARGO (Foxwoods Annual Recreational Gambling Outing) e-mail listserv detailing a new poker game he called "dramaha."The game is a mix of Big O, or five-card Omaha, and five-card draw. As a home-game hero who loves playing a wide variety of poker games, I knew I would have to give the game a try...read more

Caesars gets notice of default from bond holders

LAS VEGAS -- Caesars Entertainment Corporation said it received a notice of default from a group of bond holders over a portion of the company’s $24.2 billion debt.In a filing with the Securities and Exchange commission last week, Caesars said it received the default notice from Wilmington Savings Fund Society, which represents second-lien holders covering $3.7 billion of the company’s debt.“(Caesars) is in the process of reviewing the notice and intends to take required action, if any, within the 60-day period after delivery of the notice to the extent required to avoid any event of default under the indenture,” the company said in the filing.Last month, Caesars said it was in discussions with its senior bond holders in efforts to restructure the largest portions of the company’s gaming industry-high debt.Caesars said in an SEC filing it had a “non-disclosure agreements with certain beneficial holders” to discuss restructuring debt due in 2020...read more

TV shows, movies again the main theme at G2E

LAS VEGAS -- The trade show floor at the Global Gaming Expo (G2E) 2014 looked more like a cross between TV Land and Netflix.New slot machines concepts were displayed for casino floor decision-makers earlier this month during the annual three-day gaming industry get-together, with the 300,000-square-foot Sands Expo and Convention Center space resembling a giant casino.As has been the case in recent years, popular television shows and movies were the main theme of G2E.“Mad Men,” “The Flintstones,” “Sons of Anarchy,” “Friends,” “Wonder Woman,” “The Ellen DeGeneres Show,” “The Jetsons,” “Austin Powers,” “Duck Dynasty” and “Gremlins” were among the licensed brands prominently displayed in a slot machine format.Actress Lynda Carter — Wonder Woman from the 1970s TV show — spent a few hours in the Bally Technologies, Inc...read more

Amaya Gaming CEO garners limelight of online gaming

LAS VEGAS -- It’s not every day that the CEO of a Canadian gaming company steals attention from the chief executives of four major slot machine manufacturers during a keynote round table at the Global Gaming Expo.Amaya Gaming Group, Inc. CEO David Baazov, however, engineered the $4.9 billion acquisition this summer of online gaming giant PokerStars...read more

Shareholder group seeks changes in casino operator Full House Resorts

LAS VEGAS -- A group of shareholders in casino operator Full House Resorts, Inc. is seeking a special stockholders meeting in order to remake the Las Vegas-based company’s board of directors.In a filing Thursday with the U.S. Securities and Exchange Commission, the group — led by former Pinnacle Entertainment, Inc...read more

Culinary protest still on despite road block denial

LAS VEGAS -- The Nevada Department of Transportation told Culinary Workers Local 226 it could not block any traffic lanes on Charleston Boulevard on Thursday when it rallied against Station Casinos.Protesters gathered anyway and, by evening’s end, three had been cited, but not jailed, by Las Vegas police.The union wanted to close an eastbound lane on Charleston Boulevard from Desert Foothills Lane for a half mile, but the department said it was given less than 24 hours advance notice and denied the request.About 6 p.m., Las Vegas police cars lined up in Charleston’s eastbound right-hand lane...read more

Deal Me In: What's in your wallet?

Dear Mark: My usual betting system in craps is to play the Pass Line with full odds and then follow it up with two Come bets with full odds. On a recent trip to Las Vegas, I tried a new system after having read a book that recommended playing the Pass Line with odds, and then placing the 6 and 8...read more

Shareholder group seeks changes in casino operator Full House Resorts

LAS VEGAS -- A group of shareholders in casino operator Full House Resorts, Inc. are seeking a special stockholders meeting in order to remake the Las Vegas-based company’s board of the directors.In a filing Thursday with the U.S. Securities and Exchange Commission, the group — led by former Pinnacle Entertainment, Inc...read more

Control Board backs Warner Gaming takeover of Horizon Lake Tahoe

LAS VEGAS -- Management company Warner Gaming received initial approval Wednesday from state gaming regulators to take over the Horizon in Lake Tahoe and transform the shuttered hotel-casino into a Hard Rock-branded property.Warner, which is headed by gaming executive Bill Warner, manages the Hard Rock Hotel & Casino Las Vegas and the Hard Rock Hotel & Casino Sioux City in Sioux City, Iowa.The renovation of the Horizon will cost $60 million...read more