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Featured Articles Archive - Page 253
Deal Me In: Gambling goodies from the grave?4 October 2013 Dear Mark: A friend of mine recently passed away. He had a large amount of casino comps. Do they go into his estate and to his heirs? Bob M.In its strictest form, Bob, a "will" is limited to real property while a "testament" applies to the disposition of personal property...read morePoker Player Tweets of the Week: Let's go to the movies4 October 2013 The fate of the poker world might depend on a Ben Affleck movie. We're all doomed.
Runner Runner, starring Affleck and Justin Timberlake and written by Rounders scribes Brian Koppelman and David Levien, is the first full-length feature film centered on online poker...read moreNew Jersey online gambling will go live Nov. 264 October 2013 New Jersey will officially go live with online gambling on Tuesday, Nov. 26.State regulations go into effect Oct. 21, with additional changes not included in the original proposal becoming effective Oct. 28.A five-day "soft play" period will begin Nov...read moreArticles by Howard Stutz
![]() Macau gaming revenues increase 21 percent in September to $3.6 billion4 October 2013 Macau casinos collected $3.6 billion from customers during September and analysts already are debating whether or not October’s results could surpass the single-month all-time record.Macau’s Gaming Inspection and Coordination Bureau said Thursday that casino revenues in the Chinese enclave grew more than 21 percent during the month...read moreArticles by Howard Stutz
![]() Baccarat play drives state gaming revenue to 11 percent increase1 October 2013 LAS VEGAS -- Baccarat giveth and the baccarat taketh away.In August, the game giveth.Nevada recorded its fourth-highest baccarat revenue total ever during August and the highest percentage increase since June 1999, fueling double-digit gaming revenue totals statewide and along the Strip.The Nevada State Gaming Control Board Gaming Commission said Monday that casinos statewide collected almost $955.3 million in gaming revenues during the month, an 11.17 percent increase compared with $859.3 million collected in August 2012...read moreArticles by Howard Stutz
![]() City Center operators seek new loans to refinance debt1 October 2013 LAS VEGAS -- The operators of CityCenter are seeking new loans to refinance the four-year-old Strip development’s nearly $2 billion of long-term debt.MGM Resorts International, which owns 50 percent of CityCenter and operates the 66-acre complex, has scheduled lender meetings in New York City to explore options to refinance the debt on the development.“This is an opportunity to extend the debt maturities at lower rates thereby improving City Center’s free cash flow,” MGM Resorts Chief Financial Officer Dan D’Arrigo said in a statement emailed by the company’s corporate communications office.MGM Resorts also reportedly is no longer interested in selling the Crystals retail component of CityCenter.According to Bloomberg News, CityCenter has $1.8 billion of debt, including $1.14 billion in bonds that expire in 2016 and $708 million of obligations that come due in 2017.During a meeting with investors at last week’s Global Gaming Expo in Las Vegas, MGM Resorts officials said the company wanted to address CityCenter’s debt...read moreArticles by Howard Stutz
![]() Federal judge dismisses Adelson's defamation lawsuit1 October 2013 LAS VEGAS -- A defamation lawsuit filed by Las Vegas Sands Corp. Chairman Sheldon Adelson against the National Jewish Democratic Council was dismissed by a federal judge in New York City on Monday.Adelson sued the organization last year over an article on its website that claimed he had approved of prostitution activities in his company’s Macau casinos...read moreTop-10 Nevada online poker screen names30 September 2013 When Ultimate Poker opened for business five months ago, online poker players in Nevada had a chance to do something they likely hadn't done for several years: Pick an online poker screen name.Oh yeah, they get to play online poker, too, but the reality is many online poker players had been playing exclusively at PokerStars and Full Tilt Poker prior to Black Friday...read moreArticles by Howard Stutz
![]() Inside Gaming: Pinnacle CEO focuses on future30 September 2013 LAS VEGAS -- Pinnacle Entertainment, Inc. CEO Anthony Sanfilippo drew as much attention during last week’s Global Gaming Expo as the Na’Vi warriors, zombies, Beetlejuice and David Copperfield.Gaming equipment manufacturers and their newest slot machines based on feature films, television shows, pop culture and celebrities ruled the trade show floor of the Sands Expo and Convention Center.But the regional gaming company, which doubled in size six weeks ago after completing its $2.8 billion buyout of rival Ameristar Casinos, Inc., also had star power.On Monday, Sanfilippo took part in an investor breakfast organized by JP Morgan, participated in the Deutsche Bank/UBS investment forum, and had dinner with clients of Brean Capital...read moreWhy can you take back don't pass but not pass bets at craps30 September 2013 Question: Say you bet "pass" or "don't pass" at craps, and it's after the come-out roll. You can take back the "don't pass" bet if you think you'll lose because the shooter will make the point. But you can't take back the "pass" bet if you think you'll lose because the shooter will seven-out...read more |
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