Featured Articles Archive - Page 230

Top-10 reasons why poker is not like golf

Top-10 reasons poker will never be organized like golfEarlier this month, Dan Shak made news when he announced via Twitter that he wasn't going to be playing any more super high roller events that allowed more than one reentry."It just doesn't seem right that these events overshadow the main events where people have put their heart and soul on the line where skill is at least more than 50 percent of the game," Shak tweeted...read more

Singapore casinos produce $6 billion in gaming revenue in 2013; market still trails Las Vegas Strip

LAS VEGAS -- To use an Olympics reference, Las Vegas won the silver medal for the second straight year.Singapore’s two casinos experienced a 3.8 percent increase in gaming revenues during 2013, but it wasn’t enough to carry the island nation past the Strip.The Marina Bay Sands, which is owned by Las Vegas Sands Corp., and Genting Group’s Resorts World Sentosa produced a combined $6.077 billion in gaming revenues during the year, which fell short of the Strip’s $6.5 billion in 2013.Both markets were far behind Macau, the world’s largest gaming destination, which produced a record $45.2 billion in gaming revenues last year.Many analysts predicted Singapore’s two casinos, which opened in 2010, would eventually pass the Strip as the world’s No...read more

Former Boyd Gaming executive Chuck Ruthe dies

LAS VEGAS -- Boyd Gaming Corporation founder Bill Boyd owned a five-acre parcel of land along the Boulder Highway in the late 1970s that he thought would be the perfect site for a motel.He contacted his friend, real estate broker Chuck Ruthe, who then suggested he purchase an adjacent 11-acre parcel on the corner of Nellis Boulevard and the Boulder Highway...read more

Vegas slots soon will accept pre-paid debit cards

LAS VEGAS -- Prepaid debit cards — tied to a casino customer’s rewards account — have been approved for wagering on Nevada slot machines following changes in state gaming regulations.The Nevada State Gaming COntrol Board Gaming Commission voted 4-0 Thursday — Chairman Pete Bernhard was absent — to approve the amendments, which were backed by several gaming companies and recommended by Sightline Payments, a Las Vegas-based payment processing business.Attorney Dennis Neilander, representing Sightline, told the Gaming Commission the changes address concerns raised by the Nevada Council on Problem Gambling, which has long fought the use of traditional credit cards on gaming devices.Neilander said monetary limits on the prepaid cards — also called prepaid access cards — are governed by the U.S...read more

Inside Gaming: Lots of raving, but little revenue

LAS VEGAS -- Lost in the heated rhetoric over the expansion of Internet gaming is a harsh reality.Legal online wagering has not been the financial windfall many analysts predicted.Initial returns from the three states that enacted Internet gambling laws are not overflowing the balance sheet.New Jersey’s online revenue is a letdown...read more

Deal Me In: I'm talkin' Quick Draw McGraw fast!

Dear Mark: I attend free slot tournaments when invited and wondered if there are any tips you can give to do well besides hitting the button quickly. Wayne S.The gist of any slot tournament, Wayne, works like this: Players either congregate in a specific room of the casino, or at the site on the casino floor holding the tournament...read more

Nevada regulators OK $1 million fine against Peppermill Casino owners

LAS VEGAS -- State gaming regulators signed off on a $1 million fine Thursday against owners of the Peppermill Resort Spa Casino Reno after the property’s owners admitted they allowed an employee to use a common slot machine “reset” key on games operated by competing Northern Nevada casinos to steal proprietary information.Nevada State Gaming Control Board Gaming Commission members questioned the size of the fine, but they were also told the actions were not deemed criminal...read more

MGM Resorts chairman: 2013 "best operating performance since recession"

LAS VEGAS -- MGM Resorts International ended 2013 on an upbeat note.Company Chairman Jim Murren told investors Wednesday that 2014 is off to an equally good beginning.The casino company, which operates 10 resorts on the Strip, said it reduced its fourth-quarter net loss while growing revenues more than 9 percent during the three-month period that ended Dec...read more

Galaxy Gaming wins license in Arizona

LAS VEGAS -- Las Vegas-based Galaxy Gaming has been licensed in Arizona to place non-traditional table games and wagering enhancements in Indian casinos.Arizona is one of the faster-growing Indian gaming markets, according to the most recent Indian Gaming Industry Report by Casino City...read more

South Point begins "soft launch" of online poker website

LAS VEGAS -- Nevada finally has its third real money Internet poker website.Real Gaming began its soft launch phase this week, joining Ultimate­Poker.com and WSOP.com in offering regulated online gaming to gamblers within Nevada’s boundaries.The website is owned by Michael Gaughan’s South Point Hotel Casino and Spa and is offering tournament play and cash games across multiple platforms, including PC and Mac computers, smartphones and tablet computers.“The true differentiator of Real Gaming is that players can access the site on any device, anywhere and anytime,” said Lawrence Vaughan, a technology expert who is serving as Real Gaming’s CEO...read more