Featured Articles Archive - Page 279

Caesars exec's work about to become complicated - but he likes it that way

LAS VEGAS -- Life is about to get more complicated for Caesars Interactive Entertainment CEO Mitch Garber.He wouldn’t have it any other way. With the World Series of Poker nearing the end of its six-week run at the Rio, Garber’s attention will focus on launching the tournament’s pay-to-play regulated online gaming website in Nevada.Caesars Interactive — a Montreal-based subsidiary of casino operator Caesars Entertainment Inc...read more

Outgoing Las Vegas Sands CFO cashes out $7.7 million in company stock

LAS VEGAS -- The outgoing chief financial officer for Las Vegas Sands Corp. cashed out almost $7.7 million in company stock the day after it was announced he was leaving the casino operator.According to an insider stock trade posted on Yahoo, Las Vegas Sands CFO Kenneth Kay sold 147,000 shares of company stock on June 26 at $52.28 per share on the New York Stock Exchange.On the same day, Kay exercised options for the 147,000 shares at between $3.18 and $22.97 per share...read more

Ashton wins WSOP Poker Players Championship

LAS VEGAS -- Matthew Ashton beat Don Nguyen heads up to win the $50,000 Players Championship early Friday morning and become the youngest player to lift the David "Chip" Reese Memorial Trophy. Ashton won $1,774,089 for finishing first. Nguyen won $1,096,254 for finishing second...read more

Money bubble gets weird at the WSOP Players Championship

LAS VEGAS -- The money bubble in any poker tournament is a bizarre scene. Poker players -- who believe that their success is dependent on the ability to play the cards in front of them, read the board and a little bit of variance -- are suddenly aware their fates are not their own anymore...read more

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