Featured Articles Archive - Page 258

Poker Player Tweets of the Week: Mo' Money Mo' Problems

Hello again, poker fans. After taking a week off to do the whole "getting married" thing, I'm back in the saddle to bring you the best tweets from poker players from the past week. A lot has happened since my last column, but nothing more important than Ryan Riess taking down the 2013 World Series of Poker Main Event for a cool $8.36 million...read more

Analysts love Multimedia Games; investors less enchanted

The analyst community has a love affair with slot machine manufacturer Multimedia Games, Inc.Investors, however, expressed some skepticism.Multimedia Games grew profits and revenues in both the fourth quarter and fiscal 2013, the Austin, Texas-based company said Thursday, but the company’s share price dropped 7 percent in trading on the Nasdaq.Multimedia Games has cut into the market share of the major slot machine manufacturers and its products have been wildly praised by slot machine floor managers.During fiscal 2013, which ended Sept...read more

Affinity Gaming sees revenues decline in third quarter

LAS VEGAS -- Affinity Gaming, which operates the Primm casinos and the off-Strip Silver Sevens, experienced declines in operating income and net revenues during the third quarter, the company said Wednesday.Affinity, which also has casinos in Northern Nevada, Missouri, Iowa and Colorado, said its operating income in the quarter that ended Sept...read more

Loveman plans to recognize employees in Gaming Hall of Fame speech

LAS VEGAS -- Caesars Entertainment Corporation Chairman Gary Loveman tops the list of the four 2013 inductees into the Gaming Hall of Fame, but his acceptance speech isn’t going to be about his career.Loveman plans to recognize the employees of the casino company, including executives who have moved on in their careers.Loveman, who joined Caesars in 1998 and has been the company’s CEO since 2003, said he’s especially happy to enter the hall in the same class as two individuals closely associated with Caesars Palace...read more

American Casino loses $9.4 million in third quarter

LAS VEGAS -- The parent company of the Stratosphere Casino Hotel and Tower and the two Arizona Charlie’s casinos said Tuesday it more than doubled its net loss in the second quarter.American Casino & Entertainment Properties, LLC said lost $9.4 million in the quarter that ended Sept...read more

Top-10 moments from the 2013 WSOP final table

The 2013 World Series of Poker Main Event officially ended last week when 23-year-old Ryan Riess won the tournament, claiming $8.36 million and the title of world champion. There were plenty of memorable moments from this year's final table...read more

Culinary's futile push against Cosmo

LAS VEGAS -- The only Sin City video getting more hits on the Internet than the Culinary union’s recent taunting and name-calling of people entering The Cosmopolitan of Las Vegas was the 2011 clip of Batman getting body-slammed on the Strip by a drunken tourist.Then again, Culinary workers aren’t costumed characters asking for a couple of bucks to pose for a picture, unless you consider a hotel bellman dressed in a red T-shirt waiving a sign proclaiming “No Justice, No Peace” a Transformer.Culinary Local 226 — the state’s largest labor organization — and Bartenders Local 165 are waging war against The Cosmopolitan...read more

Golden Gaming subsidiary agrees to pay $20,000 fine to settle complaint

LAS VEGAS -- The slot machine route operation subsidiary of tavern and casino owner Golden Gaming, Inc. agreed to pay a $20,000 fine to settle a three-count complaint with the Gaming Control Board for failing to notify regulators that it was operating 10 games at a Las Vegas tavern.The complaint was filed last month and said Golden Route operations added 10 slot machines to The 25 Bar & Grill, 4531 Las Vegas Blvd...read more

Deal Me In: A no-brainer

Dear Mark: Is there a casino game offered that has a very low house edge, but at the same time you don’t need the skills of a professional gambler to play the game? Alex M.The game that offers little use of any gray matter, and a low house edge to boot is either baccarat, or for the low roller, mini-baccarat...read more

IGT reports fourth-quarter drop in net income, but profits increase for fiscal 2013

Slot machine maker IGT - International Game Technology said Thursday that its net income fell 27.9 percent in the company’s fourth quarter, but profits for all of fiscal 2013 increased by 9 percent.The company, which is considered the casino industry’s largest gaming equipment manufacturer, said its net income for the three months ended Sept...read more