Featured Articles Archive - Page 229

Galaxy Gaming, Bank of America settle legal issues over business loan

LAS VEGAS -- Table game provider Galaxy Gaming said it settled its legal issues with Bank of America over a disputed business loan.In a filing with the Securities and Exchange Commission late Thursday, Las Vegas-based Galaxy said the company and the bank “reached a full settlement of all claims.”According to the filing, Bank of America “agreed to dismiss its legal action and (Galaxy) entered into a mutual release of all claims with (the bank).” Galaxy also agreed to “vacate” its corporate headquarters at 6980 O’Bannon Drive by the end of April.In a separate announcement, Galaxy said it was relocating its corporate office and showroom to a larger building south of McCarran International Airport.Galaxy provides nontraditional table games and table game wagering enhancements to casinos...read more

Customer data stolen from Las Vegas Sands casino in Pennsylvania

LAS VEGAS -- Las Vegas Sands Corp. said Friday “some legally protected data” was stolen from customers and employees of the company’s hotel-casino in Bethlehem, Pa., following last month’s sophisticated cyber attack on the casino operator’s internal computer operations.Legally protected data includes Social Security numbers, drivers license numbers and passport numbers.The company did not reveal the number of customers or employees affected by the information theft in a filing with the U.S...read more

Inside Gaming: Sunshine State brings shrugs from Las Vegas casino interests

LAS VEGAS -- Florida is back in play, but no one really seems to care.Last month, legislation was unveiled that could bring Las Vegas-style casinos to South Florida — one each for Miami-Dade and Broward counties. Local voters in both communities would have to approve the resorts through referendums.The legislation would allow racetracks outside current South Florida racinos to add slot machines and would create a five-member Gaming Control Board.Most believe the ideas will die a quick death.The proposals are Florida’s first tangible casino expansion effort since 2012...read more

Deal Me In: A combo of different wagers won't help against the house edge

Dear Mark: Is there a way of combining multiple wagers on a roulette table to maximize one's odds and increase my chances of winning? For instance, a column bet pays off at 2 to 1. If I place the second and third column, I have a 66.6% chance of winning, just so long as the 0/00 don’t appear...read more

Poker Player Tweets of the Week: Green Friday edition

The day has finally arrived. On Friday, nearly three years after Black Friday, when the U.S. Department of Justice (DOJ) shut down Full Tilt and seized players' bankrolls from the website, several players finally got back their money. It's a day that will go down in poker history, and many in the industry have dubbed it "Green Friday." (Why does this stuff keep happening on Fridays, anyway?) In place of my usual Tweets of the Week column, I've decided to join in the celebration by compiling tweets that have captured the emotion of this great day...read more

Study panel stirs new debate over reliance of taverns on slot machines

LAS VEGAS -- A legislative committee tasked with looking at technology’s effect on the casino industry launched a debate Thursday on whether Nevada’s more than 2,000 restricted gaming locations rely too heavily on slot machines as a revenue source.The issue — whether funds gleaned from gaming in bars, taverns, restaurants and other businesses with 15 or fewer slot machines incidental to the location’s overall revenue stream — has been argued over the past few years by lawmakers, gaming regulators, the casino industry, restricted licensees and others.Various changes have been made to state and local ordinances, regulations and statutes.On Thursday, the Committee to Conduct an Interim Study Concerning the Impact of Technology Upon Gaming, which is comprised of legislators, regulators and gaming industry representatives, was told to leave well enough alone.“It’s been governed and it’s been regulated,” said Las Vegas attorney John O’Reilly, representing several tavern operators and their trade association...read more

February 2014 Featured Game report

As I wrote at the beginning of the year, I've decided to "spice up" my Featured Game responsibilities for Casino City. I am now keeping track of my results for each week, and will provide monthly, quarterly and a final annual report at the end of the year.As noted in my introductory story, my plan is to bet $1 of play money per line per spin, or as close to it as possible, until triggering the bonus round...read more

Nevada, Delaware sign online poker partnership

WILMINGTON, Del. -- Nevada and Delaware leaders signed a landmark agreement Tuesday that will join their states for online poker, potentially increasing payouts for residents who gamble while aiming to model how states might collaborate on an emerging economic opportunity.The Multi-State Internet Gaming Agreement signed in Wilmington by Gov...read more

Full Tilt players to begin receiving their bankrolls

Several former Full Tilt Poker players have recently received some very good news.Nearly three years after Black Friday, when the U.S. Department of Justice (DOJ) shut down Full Tilt and seized players' bankrolls from the website, players will begin to collect back their money...read more

The Cromwell on the Strip will open May 21

LAS VEGAS -- Caesars Entertainment Corp.’s $185 million renovation of a center Strip midmarket casino into The Cromwell, an upscale boutique hotel-casino, opens May 21, the gaming company announced Monday.The news follows the announcement last week that building’s central feature — a 65,000-square-foot rooftop nightclub, day-club and pool deck area overlooking the Strip and operated by Victor Drai — opens Memorial Day Weekend.The Cromwell is taking over the building that once housed the Barbary Coast and Bill’s Gamblin’ Hall at the northeast corner of the Strip and Flamingo Road.The property closed a year ago for the development, which will include a 188-room hotel, 40,000 square feet of casino space, a hotel lobby bar and lounge area, and a second floor restaurant overlooking the Strip and operated by television chef Giada De Laurentiis.The 260-seat restaurant, GIADA, is her first such venture is taking over second-floor space that once housed a hotel parking garage...read more