Featured Articles Archive - Page 259

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

Caesars exec cited by Mass. regulators says he has nothing to hide

Caesars Interactive Entertainment CEO Mitch Garber said he has never hidden his past employment as the chief executive of two foreign-based Internet gaming operations that took wagers from U.S. customers almost a decade ago.So Garber, 49, was more surprised than anyone that his background was one of four concerns cited by the Massachusetts Gaming Commission when it said last month that Caesars Entertainment Corporation would not be suitable to operate a casino in the state.The suggestion caused Caesars Entertainment to withdraw from a proposed $1 billion hotel-casino development in the Boston area...read more

Pinnacle's loss in third-quarter earnings related to Ameristar merger

LAS VEGAS -- Let’s just say it was a busy third quarter.During the three months that ended Sept. 30, Pinnacle Entertainment, Inc. sold a vacant Atlantic City land parcel, moved forward on rebranding and expanding a Cincinnati-area racetrack casino and progressed with the planned sales of St...read more

Gaming Control Board gives preliminary OK to sale of John Ascuaga's Nugget

LAS VEGAS -- State gaming regulators granted preliminary approval Wednesday for the sale of John Ascuaga’s Nugget in Sparks to a private investment group.The Gaming Control Board didn’t have any issues with Global Gaming & Hospitality, which will operate the resort...read more

Gaming insiders welcome New York's approval of Las Vegas-style casinos

The gaming industry’s batting order may have landed a new clean-up hitter.The overwhelming approval by New York voters of a referendum on Tuesday that will add seven Las Vegas-style casinos to the Empire State was welcomed by gaming insiders and observers less than 24 hours after the votes were counted.“We applaud the vote that will allow the expansion of gaming venues in New York,” American Gaming Association CEO Geoff Freeman said Wednesday in a statement that was emailed shortly after election officials called the race in favor of the pro-gaming side.New York has five Indian casinos in the upstate region and the New York City metropolitan area is served by two racetrack casinos — Yonkers and the Resorts World New York, which is located at Aqueduct in Queens...read more

Gaming regulators suggest OK for Cavs owner, also question ex-UNLV standout's showing

LAS VEGAS -- State gaming regulators on Wednesday peppered Rock Gaming, LLC founder Dan Gilbert, who also owns the NBA’s Cleveland Cavaliers, with questions about former UNLV standout Anthony Bennett, in addition to his ownership acquisition of Caesars Interactive Entertainment.This year’s No...read more

Station Casinos, tribal owners open casino near San Francisco

Station Casinos, Inc. and the tribal owners of an $800 million Northern California casino decided a 13-year wait was long enough.So, with crowds building for Tuesday’s planned 10 a.m. public opening of the Graton Resort &Casino, the property was opened an hour early.The Graton Resort, owned by the Federated Indians of Graton Rancheria, is in the Sonoma County city of Rohnert Park, roughly 48 miles north of San Francisco.Station Casinos developed the resort and will manage the property for the tribe under a seven-year contract.“For those who have already toured the facility, there has been nothing short of jaw-dropping amazement,” Graton general manager Joe Hasson said Monday, following a week of practice runs for employees and an invitation-only event Saturday night.Hasson managed Station Casinos’ properties in Las Vegas, most notably the Green Valley Ranch Resort when it was featured in the reality television series “American Casino.” Hasson oversaw the Aliante Casino’s opening in 2008...read more