Featured Articles Archive - Page 268

Time for WSOP Poker Players Championship to return to television

LAS VEGAS -- Watching the $50,000 Players Championship at the World Series of Poker is very different from watching the Main Event. At the Main Event, only Texas Hold'em is played. At the Players Championship, a plaque on the table reminds the players -- and dealers -- which of eight games is being played.At the Main Event, you need a program -- helpfully compiled for the media by the WSOP staff -- to identify most of the players in the field...read more

Ultimate Gaming cuts deal to enter New Jersey

LAS VEGAS -- Las Vegas-based Ultimate Gaming signed a partnership agreement with the company that operates the Trump Taj Mahal in Atlantic City to bring pay-to-play regulated Internet wagering to New Jersey.In a deal to be announced today , Ultimate Gaming, which is majority-owned by Station Casinos, will provide the technology and manage the websites that will offer poker and full casino games.The websites will operate under the Ultimate Gaming brand but will have marketing agreements with the Trump Taj Mahal, a 2,010-room hotel-casino on the Atlantic City Boardwalk.Financial terms of the transaction were not disclosed.Ultimate Gaming CEO Tobin Prior said the relationship will be similar to the ties the company’s Ultimate Poker business in Nevada has with properties operated by Station Casinos...read more

IGT to reimburse Ader Group for expenses in proxy fight

LAS VEGAS -- Slot machine maker International Game Technology agreed Monday to reimburse a group headed by Wall Street analyst turned investor Jason Ader up to $2.5 million for expenses incurred during the recent proxy fight earlier this year.According to IGT, the settlement agreement calls for members of the Ader Group to observe certain standstill provisions for four years...read more

Top-10 surprises at the WSOP Players Championship

LAS VEGAS -- One of the beautiful things about competitions is the capacity to surprise. It's why people watch them. You never know what's going to happen. And that's very much the case for the $50,000 Players Championship at the World Series of Poker, which began Sunday.10...read more

There's still magic at the Rio

LAS VEGAS -- Under the glare of a sun that threatens to melt anyone who dares to venture outside, Las Vegas feels like a harsh city. Gasoline fumes fill the superheated air. The sidewalks of the famed Las Vegas Strip are empty, except for the people handing out cards for hookers...read more

Rebound anticipated in locals casino market

LAS VEGAS -- The locals gaming market has suffered enough.Gaming revenues produced by casinos in North Las Vegas, along the Boulder Strip, in Henderson and throughout unincorporated Clark County are down a collective 2.6 percent through April.By comparison, during the first four months of 2013, gaming revenues have climbed 4.7 percent on the Strip and 1.8 percent statewide.It long has been predicted that neighborhood casinos would be the last to recover as the Southern Nevada economy slowly ascends after bottoming out in 2010.Amid all the doom and gloom, however, two analysts in the past week said they sense a rebound could take hold in the locals gaming market in the second half of the year.That’s good news for Boyd Gaming Corporation, Station Casinos, Inc...read more

Las Vegas-based SK+G opening Hong Kong office

LAS VEGAS -- Las Vegas-based marketing and communications firm SK+G Advertising is opening an office in Hong Kong.The firm, which was founded in 1999 and has worked with various gaming development projects over the years including Aria at CityCenter and the Borgata in Atlantic City, will form SK+G ...read more

Announced departure of Sands CFO doesn't faze Wall Street

LAS VEGAS -- The announced departure of Las Vegas Sands Corp.’s chief financial officer hasn’t concerned Wall Street.The stock price is up and analysts passed off Tuesday’s announcement that CFO Kenneth Kay was leaving the casino operator on July 31 as “just another negative headline.”A source familiar with the situation said Kay, who had been CFO since 2008, was “let go” by Las Vegas Sands but not for any cause.RBC Capital Markets gaming analyst John Kempf told investors not to read too much into the departure, which comes as the company faces investigations by the Securities and Exchange Commission and the U.S...read more

Should you change your bet if you see a pattern?

Question: If you've been at a blackjack or other table and it’s been hot or cold – the house is beating everybody or giving away money – should you lower or raise your bets based on what seems to be a pattern?Answer: Take blackjack, although the same applies to other games...read more

Gregg wins WSOP One Drop High Roller title, $4.8 million

LAS VEGAS -- Tony Gregg, a poker pro from Columbia, Md., beat Philadelphia pro Chris Klodnicki to claim $4.8 million and the $111,111 One Drop High Roller title at the World Series of Poker on Saturday afternoon at the Rio All-Suite Hotel & Casino.Four players started the day's action, and Gregg won in less than an hour of play, more than doubling his lifetime tournament earnings to $8.6 million...read more