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Featured Articles Archive - Page 214

  • Latest Articles     2131 - 2140

 
Articles by Howard Stutz

Caesars fires back after bondholders file notice of default

6 June 2014
Caesars Entertainment Corp. struck back Friday against a group of 13 bondholders that filed a notice of default against the casino giant, calling the claims “baseless” and vowing to defend itself.The company, which controls 10 Strip resorts and carries a gaming industry-high $23 billion in long-term debt, revealed the default notice in a filing with the Securities and Exchange Commission.Caesars said the investment group oversees at least 30 percent of $3.7 billion in second lien 10 percent bonds due in 2018.The collection of companies, which according to Bloomberg News includes Oaktree Capital and Appaloosa Management, have objected to various moves Caesars undertook in the past year to alleviate its debt...read more
 
Articles by Mark  Pilarski
Articles by Mark Pilarski

Deal Me In: This rule offers a distinct advantage to the player

6 June 2014
Dear Mark: Another player on blackjack game roundly chastised me because I “doubled for less.” It was a $20 bet, and I only put out $10. You would have thought I was responsible for all the bad luck he was having. What are your thoughts on doubling for less? Gary P.For starters, Gary, it’s your money on the layout, so you ought to be able to play your hand, and bet, any way you choose...read more
 
Articles by Howard Stutz

Widely respected gaming attorney Bob Faiss dies at 79

5 June 2014
The word “retirement” never entered the vocabulary of gaming attorney Bob Faiss.A few years back, however, he told his wife, Linda, that maybe he would take two weeks away from the offices of Lionel Sawyer &Collins just to explore what the concept of being retired was like.“I said, ‘Honey, that’s what people call a vacation,’?” Linda Faiss said Thursday...read more
 
Articles by Howard Stutz

Bally Technologies to buy social gaming company for $100 million

5 June 2014
Better late than never.Slot machine giant Bally Technologies joined its rivals in the rapidly growing social gaming business, saying Thursday it would pay up to $100 million to acquire Dragonplay, an Israel-based social gaming business.Dragonplay, which generated more than $10 million in cash flow over the 12 months that ended March 31, is considered one of the industry’s top 10 grossing social game developers with 700,000 active daily users and 3 million monthly users.The move comes more than two years after International Game Technology paid $500 million to acquire DoubleDown, considered the top social gaming website on Facebook.Caesars Entertainment Corp...read more
 
Articles by Howard Stutz

Gaming manufacturer with 'game changing' ideas wins preliminary OK

4 June 2014
A gaming equipment manufacturer, that has the idea of combining traditional slot machines with entertainment-style video games, received preliminary approval to operate in Nevada from state gaming regulators Wednesday.During a more-than-90-minute hearing in Carson City, the Gaming Control Board recommended that Gamblit Gaming and its parent companies be awarded three different manufacturer-type licenses.In making the recommendation to the Nevada Gaming Commission, all three Control Board members said the company’s ideas could be “game changing” for the Nevada casino industry.Gamblit showed the regulators video of a gaming concept in which a Scrabble-type word game, such as those found on social gaming websites, was combined with a traditional slot machine.Think “Words With Friends” meets “Lucky Sevens.”The concept, Gamblit CEO Eric Meyerhofer told the Control Board, was to bring more customers onto a casino’s slot machine floor...read more
 
Articles by Howard Stutz

Downtown Las Vegas workers faced no chance of striking

3 June 2014
There was never going to be a strike by downtown Las Vegas hotel workers.Despite the headlines and saber rattling, the leadership of Culinary Local 226 and Bartenders Local 165 wasn’t going to force union members to walk-off their jobs at properties that hadn’t finalized new contracts by 5 a.m...read more
 
Articles by Howard Stutz

SLS Las Vegas joins independently operated Hilton hotels chain

3 June 2014
LAS VEGAS -- The SLS Las Vegas Hotel Casino, which is scheduled to open in late August, will become part of a new chain of independently operated Hilton Worldwide hotels.The announcement Monday places the $415 million SLS into Hilton’s Curio brand.Among the hotels in the collection are the SLS Las Vegas, The Sam Houston Hotel in Houston, Hotel Alex Johnson in Rapid City, S.D.; The Franklin Hotel in Chapel Hill, N.C.; and a soon-to-be named hotel development in downtown Portland, Ore.The deal allows members of the Hilton HHonors program to use and earn points at the participating hotels.“Curio expands our portfolio to a total of 11 exceptional brands and creates additional opportunities to serve our existing customers even better, attract new customers and grow our pipeline,” Jim Holthouser, executive vice president, global brands, Hilton Worldwide, said in a statement.SLS is the renovated Sahara...read more
 
Articles by Dan  Podheiser
Articles by Dan Podheiser

Top-10 bets for the 2014 NBA Finals

2 June 2014
Seven months ago, I picked the San Antonio Spurs to win the NBA championship. They're now just four wins away from proving me right.When I made my top-10 bets for the 2013-2014 NBA season, I envisioned a Spurs-Miami Heat NBA Finals. And though I love Miami and LeBron James, the 14-1 odds I got on the Spurs at Paddy Power Sportsbook at the time were just too juicy to pass up, especially because I felt San Antonio outplayed the Heat in last year's finals.So here we are...read more
 
Articles by Howard Stutz

Inside Gaming: Macau bans smoking on floors

2 June 2014
The special administrative region government last month told its resort operators that smoking will be banned on mass-market gaming floors starting Oct. 6.Here’s the surprise: Macau’s six casino operators — including MGM Resorts International, Wynn Resorts Ltd...read more
 
Articles by Mark  Pilarski
Articles by Mark Pilarski

Deal Me In: Did this player deserve to be tossed from the casino?

30 May 2014
Dear Mark: I was asked to leave a casino by security for, if you can believe this, playing someone else’s left over $12 worth of credits that they had left on a slot machine and didn’t cash out. Although not banned for life, I was “rudely” told it was against the law, made me return the $12, and told not to come back for 30 days...read more

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