Featured Articles Archive - Page 236

Several gaming companies expected to have a good year

LAS VEGAS -- With a new year comes new prognostications by Wall Street on which gaming companies will provide investors the best return in 2014.Not surprisingly, Las Vegas Sands Corp., Wynn Resorts, Limited and MGM Resorts International lead the pack...read more

$5.5 million fine keeps CG alive

There is a reason officials from CG Technology (formerly Cantor Gaming) said they were “glad to have reached a resolution” with Nevada gaming regulators and will pay the largest fine ever leveled against a casino or affiliated company.The Las Vegas-based bookmaker — a subsidiary of Wall Street financial giant Cantor Fitzgerald LP — faced a potential death sentence by the state Gaming Control Board.That prospect gave CG/Cantor’s leadership a “Sophie’s Choice” quandary.Instead of watching a decadelong, billion-dollar investment go down the drain, CG Technology CEO Lee Amaitis and Cantor Fitzgerald Chairman Howard Lutnick accepted the stipulated agreement to the 18-count complaint, which included the $5.5 million fine.The deal amounted to a plea of “nolo contendere” on the four most egregious charges...read more

Top-10 video games to bet on

My oldest son turns seven years old this week. Yesterday, he achieved the primary objective in a video game for the first time in his life, defeating Kaos to complete the story line in Skylanders Giants.He got the game less than a month ago for Christmas and is only allowed to play for an hour a day on weekends and a half-hour on school days...read more

Deal Me In: A double whammy for the house

Dear Mark: Thank you for informing the public in a recent column about the pitfalls of the 6:5 blackjack game. I am a dealer in a Nevada casino and I can tell you that most, if not all dealers, hate the game. We spend far too much time explaining to the player, “within limits,” what the rule change is all about...read more

Anti-online gaming group circulates FBI letter warning of Web wagering

LAS VEGAS -- An anti-online gaming group is distributing a letter from the Federal Bureau of Investigation that warns Internet wagering can be used by criminals to conduct money-laundering activities.The effort by the Coalition to Stop Internet Gambling, a Washington, D.C., grassroots organization funded by Las Vegas Sands Corp...read more

Horseshoe Tunica bullish, expands poker room

Even though there has been a fall-off of poker rooms in Tunica, Horseshoe Casino & Hotel - Tunica is heading the opposite direction and has just re-opened a newly modeled poker room that it says is the largest in Mississippi.The house that Binion built has always been a mecca for serious poker players and now it has opened its doors with a slew of amenities that make it seem more like a poker spa...read more

Penn National Gaming starts work on $360 million California project

Penn National Gaming, Inc. has started construction on a $360 million casino development in partnership with a Southern California Indian tribe, 20 miles east of San Diego.The casino company announced initial development activities on the Hollywood Casino Jamul this past week...read more

CG Technology to pay record $5.5 million settlement for illegal bets complaint

LAS VEGAS -- CG Technology, the gambling subsidiary of Wall Street firm Cantor Fitzgerald LP, will pay the largest fine in Nevada history to settle an 18-count complaint that the company or its CEO should have known one of its top executives was accepting illegal bets.The Las Vegas-based bookmaker will pay a record $5.5 million fine under an agreement reached with the Nevada Gaming Control Board, according to the stipulated settlement released late Monday.The settlement addresses allegations against CG Technology, formerly known as Cantor Gaming, in a civil complaint filed Jan...read more

Resorts Tunica hosts Big Money Blackjack Tournament

Big Adolph Lepre is doing his thing again with a Big Money Blackjack Tournament to be held at Resorts Casino Tunica Jan. 24-25.Adolph, director of table games and player development, has a long history in Tunica of implementing big cash games much to the enjoyment of his many followers...read more

Top-10 poker players to follow on Twitter

Since joining Casino City this past August, one of my jobs has been to write a weekly " Poker Player Tweets of the Week " column. I've spent a lot of time on Twitter following poker players and their daily musings. Some of it is highly entertaining...read more