Featured Articles Archive - Page 249

Gaming regulators to study changes in Web rules, but new games not a consideration

LAS VEGAS -- The Nevada Gaming Commission and Control Board will discuss several changes to the state’s Internet gaming regulations at its regular meeting monthly meeting Thursday in Las Vegas.Adding other casino games, such as blackjack and slot machines to Nevada’s current poker-only status, however, is not under consideration.Gaming Control Board Chairman A.G...read more

Federal officials investigating money-laundering allegations at Caesars Palace

LAS VEGAS -- Caesars Entertainment Inc. said Monday the U.S. Treasury Department is investigating potential money-laundering allegations at Caesars Palace.In a filing with the Securities and Exchange Commission, Caesars said it received a letter from the Financial Crimes Enforcement Network of the ...read more

Scientific Games completes buyout of slot maker WMS Industries

Lottery giant Scientific Games Corporation completed its $1.5 billion buyout of slot machine maker WMS Industries Incorporated Friday, less than 10 months after the merger was announced.New York-based Scientific Games announced the deal’s completion through a filing with the Securities and Exchange Commission...read more

Caesars titanic debt will go on

LAS VEGAS -- Caesars Entertainment Inc. has a bigger debt load than what Detroit owes its creditors.And we all know what’s happening in the Motor City.In July, Detroit became the nation’s largest municipality to file for Chapter 9 bankruptcy protection when its $18 billion in obligations finally became too cumbersome.Several Wall Street analysts have opined that the U.S.’ largest casino operator could be headed down a similar path.Caesars carries a gaming industry high of $23.5 billion in long-term debt on its books, much of it accrued when the company was taken private in a $30.1 billion buyout by Apollo Global Management and TPG Capital in 2008.The recession played havoc on casino operators nationwide...read more

Deal Me In: If the shoe fits, you don't have to wear it

Dear Mark: I favor the joints out West where I can still find a hand-pitched game of blackjack. Even with an occasional “card down” or “one hand on the cards, please,” I prefer it to the salvo of a shoe dealt game. I’ve been to Atlantic City a few times and can’t find anyone pitching cardboard...read more

Poker Player Tweets of the Week: Can't get enough poker

Poker players have flocked to Casino Barriere in Enghien-les-Bains, France for the 2013 World Series of Poker Europe.The series has generated major headlines so far. Darko Stojanovic beat Dan O'Brien to win the €3,250 mixed max pot-limit Omaha event...read more

Penn National Gaming reports profits down in third quarter

Penn National Gaming, Inc., which is spinning off its casino holdings into a separate publicly traded company, said quarterly profits declined due to soft gaming results in several markets.The casino operator, which owns M Resort, said its net income for the third quarter that ended Sept...read more

Macau results propel Las Vegas Sands; earnings soar 79 percent

LAS VEGAS -- It’s all about Macau.Las Vegas Sands Corp. said Thursday its financial performance for the third quarter rocketed past results from a year ago thanks to a growing business from the company’s casino holdings in Macau.The casino operator, which operates The Venetian and Palazzo on the Strip, said its net profits increased 79.2 percent to $626.7 million for the quarter that ended Sept...read more

American Gaming Association's No. 2 person resigns

The American Gaming Association’s No. 2 person in leadership resigned Tuesday from the organization she helped found.Judy Patterson, senior vice president and executive director of the Washington, D.C.-based trade organization and gaming industry lobbying group, will remain as a consultant over the next year.Geoff Freeman, the association’s president, announced Patterson’s departure in a memo to the organization’s board of directors.“She has been a key player in the creation and growth of Global Gaming Expo and G2E Asia, the two premier gaming industry events in the world,” Freeman said...read more

Top-10 things you should know about SOHE poker

This weekend, I'll be playing at a home poker game that I found thanks to the ChipTalk.net poker forum. It's a great group of guys who love the game, love high-end poker chip sets (they put my ceramic sets to shame with custom clay sets) and love to gamble.The game is a $.25/$.50 NLH/PLO mix, but don't make the mistake of thinking this is a micro-stakes game...read more