Featured Articles Archive - Page 250

Gaming, Olympic officials on lookout for betting irregularities

LAS VEGAS -- The Nevada State Gaming Control Board Gaming Commission and the International Olympic Committee announced Tuesday the organizations will work together to ensure the integrity of the competition at the upcoming Sochi Winter Olympics in Russia.In a statement, the regulatory agency and th...read more

Two downtown Las Vegas casinos will be first to accept Bitcoin

LAS VEGAS -- Derek Stevens has no idea what to expect when The D Las Vegas and Golden Gate Hotel & Casino begin accepting the digital currency Bitcoin for nongaming transactions starting today.The majority owner of the two downtown hotel-casinos, however, knows there is excitement surrounding the idea.When word of the plans leaked Tuesday, Stevens said several people showed up at the D Las Vegas’ American Coney Island, looking to pay for several of the restaurant’s signature hot dogs with Bitcoin.“There is a lot more excitement around the idea than I first thought,” said Stevens, who said he’s been looking into the Bitcoin concept over the past 18 months...read more

Legislative committee on technology plans to broaden scope

LAS VEGAS -- A legislative committee formed to study technology’s effects on gaming will go beyond its stated purpose and explore other issues surrounding Nevada’s largest industry.Issues that failed during the 2013 Legislative session, including entity wagering on sports and allowing bets on elections, may get reheard over the next few months.During Tuesday’s initial meeting of the Committee to Conduct an Interim Study Concerning the Impact of Technology Upon Gaming, state Sen...read more

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