Featured Articles Archive - Page 240

The next Strip mega-resort is underway

LAS VEGAS -- To the naked eye, not much has changed in the year that passed since Malaysia-based Genting Group announced plans to build the $2 billion to $7 billion Resorts World Las Vegas on 87 acres on the Strip.The concrete-and-steel structure — remnants of the unfinished Echelon development mothballed by Boyd Gaming Corporation in 2008 — remain standing...read more

Top-10 ways to spend your Full Tilt money

Last Friday, after waiting almost three years, more than 27,500 Americans logged in to their banks to see their Full Tilt Poker balances had been deposited by the Garden City Group into their accounts.While some folks are still waiting (people who disputed their balance, or have trickier issues such as affiliate payments mixed in to their player accounts), approximately $76 million has been returned to American poker players, representing a huge influx of money into the poker economy.For many people, this is kind of like "found money." Ever find a $20 bill in the pocket of a pair of pants you hadn't worn in a long time? It's a pretty sweet feeling, and a lot of times, you end up splurging a bit with that money in a way that you might not have otherwise...read more

Analysts shrug off decline in January gaming revenue

LAS VEGAS -- Analysts shrugged off a decline in January gaming revenue. They said the Strip and statewide raw figures for the month don’t really tell the whole story.Nevada gaming revenue declined 2.76 percent in January to $884.2 million while Strip gaming revenue fell 1.41 percent to $499.8 million.The Nevada State Gaming Control Board Gaming Commission released the numbers Friday.The Strip’s baccarat revenue fell 14.5 percent to $81.7 million, but the amount wagered on the game was $908.6 million, a 14.3 percent increase...read more

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