Featured Articles Archive - Page 255

Top-10 celebrity online poker players

Last week, Sen. John McCain (R-Ariz.) caused quite a dustup when he was caught playing poker on his iPhone during a hearing on possible military action in Syria.McCain isn't the first, and surely won't be the last person, to pass some time playing a little Internet poker...read more

If you bet colors at roulette, should you pick the same or opposite whatever just hit?

Question: Some friends of mine bet on the same color at roulette – red or black – that's just hit, thinking this raises their odds of winning. I don't think previous results matter. Do you?Answer: You're correct. Apparent "patterns" have no meaning...read more

Deal Me In: A blackjack dealer faux pas?

Dear Mark: While on a cruise playing blackjack, there were two players and myself playing on the table. The first player was dealt a blackjack, the other player had a thirteen, while I, playing third base, had a seven. The dealer had an Ace as an up-card, and proceeded to offer even money to the player who on first base had a blackjack.The player with the blackjack did not understand the rule and after an explanation took the even money...read more

Poker Player Tweets of the Week: NFL season means bankrolls will be lost

There's a lot going on in the poker world right now. Some players are still recovering from last week's Seminole Hard Rock Poker Open in Florida. Many others are continuing on the worldwide tournament circuit at EPT Barcelona. And then, of course, there's the start of the NFL season...read more

Macau casinos record second-largest monthly revenue in August

Macau’s casino industry recorded its second-highest single month gaming revenue total during August, and analysts said the market shows no signs of slowing.Casinos in the Chinese gaming enclave collected $3.8 billion from gamblers during August, Macau’s Gaming Inspection and Coordination Bureau announced Monday...read more

COO of Las Vegas Sands Corp.'s Macau subsidiary reportedly resigns

LAS VEGAS -- The chief operating officer of Las Vegas Sands Corp.’s Macau subsidiary reportedly resigned over the weekend.David Sisk, who has been at the company for three years, had left Sands China, several Asian-based media outlets reported Tuesday...read more

Nevada gaming revenues decline 8 percent in July, Las Vegas Strip down 14 percent

LAS VEGAS -- At a glance, the Nevada gaming revenue figure for July looked promising.However, baccarat results and a comparison to just the state’s second billion-dollar month in four years drove down the overall picture.The Gaming Control Board said Friday casinos in Nevada collected $925.7 million from gamblers during July, a decline of 7.9 percent compared with $1.005 billion a year ago.As for the Strip, gaming revenues fell 14.4 percent to $511.4 million, compared with revenues of $597.4 million in July 2012.The July 2013 statewide raw number – $925.7 million – was the second largest single-month total this year...read more

For the High Roller, the task at hand is to put the wheel in place

LAS VEGAS -- As an executive with Universal Studios, David Codiga led the design and development teams for several of the company’s Orlando theme park attractions, including Jurassic Park, Terminator 2 and Spiderman 3D.Overseeing the design, development and construction of the 550-foot High Roller Observation Wheel — the centerpiece of the $550 million Linq project — makes full use of all his experience.“I built ‘Islands of Adventure,’ but I don’t think I’ve ever worked on something like this,” Codiga said Thursday.The challenge is not just the actual construction of the world’s largest observation wheel, which will surpass the London Eye and Singapore Flyer...read more

Could Wynn buy Atlantic Club to gain New Jersey foothold?

LAS VEGAS -- How odd would it be if Steve Wynn were to buy the Atlantic Club in Atlantic City in order to gain a foothold in New Jersey’s highly anticipated Internet gaming market?It’s not like he’s unfamiliar with the building.Wynn built the Boardwalk’s southernmost hotel-casino, which opened as the Golden Nugget Atlantic City in 1980, and he sold it for $440 million in 1987.Since then, the property has had six different ownership groups and six different names...read more

Union Gaming Group, successful at home, looks to Japan as global gambling's possible next frontier

When Bill Lerner and Rich Moriarty penciled out their ideas for Union Gaming Group over dinner at the Sparks Steak House in New York City in 2008, the original concept was to create a boutique investment bank and securities firm focused on the global casino industry.Five years later, the Las Vegas-based business has far exceeded their initial plan.Later this month, Union Gaming Group will host a three-day conference at the Conrad Hotel in Tokyo that focuses on Japan’s potential expansion into legalized casino gaming.Japan is considered uncharted territory for gaming, with many in the industry believing returns on investment could rival Macau, the world’s largest gaming market.The potential passage of casino legislation by the Japanese government has the best chance out of previous tries, Union Gaming Group believes.The company’s event will place Japanese government officials, representatives of the leading gaming companies and the investment community into one room.“We’re creating a platform that is bringing together all parties for communication and education,” said Lerner, who spent 16 years on Wall Street as an equity research analyst...read more