Featured Articles Archive - Page 290

Caesars begins hiring effort aimed at former military members

LAS VEGAS -- Caesars Entertainment Inc. Chairman Gary Loveman kicked off the company's new hiring initiative Wednesday by introducing six employees ranging from senior level executives to frontline casino workers.All had one thing in common...read more

Poker world mourns friend Jerry Buss

LAS VEGAS -- The death of Los Angeles Lakers owner Jerry Buss was felt not only in the sports world, but within the poker community.Buss, who died Monday at 80, was an active poker player in Las Vegas, especially at the World Series of Poker, where he was a participant for decades.Buss had four career cashes at the World Series of Poker, including a third-place finish in 1991 in a seven-card stud limit event...read more

Survey: Top gaming companies have distinctive Asian ties

LAS VEGAS -- A recent ranking of the top 20 gaming companies based on market capitalization had one distinctive flavor.The top 10 companies have either a direct investment or control of Asian gaming assets.Global Betting & Gaming Consultants - GBGC, which is based in the United Kingdom, ranked the worldwide companies according to U.S...read more

Top-10 events at the 2013 World Series of Poker

The 2013 World Series of Poker schedule was released last week, and poker players and fans around the globe immediately started drooling at the prospect of playing in the 62 events that make up this year's slate.The news got me so excited I went right to YouTube and put SrslySirius' "WSOP Song – I Can't Wait to Go!" on repeat...read more

World Series of Poker ensures the Ladies Only championship includes just women players

Among the planned 62 bracelet events scheduled for the 2013 World Series of Poker is the Ladies Only No-Limit Hold’em Championship.This year, tournament officials have taken steps to ensure the event on June 28 really is a women-only tournament.In the past, several men have entered the women’s event, paying the $1,000 entry fee and citing gender equality, since women are allowed to enter every other World Series of Poker bracelet events.This year, however, there is a twist.The tournament has a $10,000 buy-in – for men...read more

Professor was valued, respected in gaming industry

Bill Eadington never built a billion-dollar Strip resort. He never managed a riverboat casino or a gambling hall of any size. Eadington never created a new table game. He never developed an innovative slot machine.Yet, the influence Eadington carried inside and outside gaming circles during his 44-year academic career as an economics professor at the University of Nevada, Reno, went beyond measure...read more

Link not disclosed in IGT deal

A Silicon Valley-based investment bank where the husband of International Game Technology CEO Patti Hart is a top executive oversaw the slot machine maker's purchase of a small social gaming technology company last year.Under the U.S. Securities and Exchange Commission's Regulation Fair Disclosure, commonly called Reg FD in the investment community, public companies are required to disclose material information to all investors at the same time.Yet IGT did not disclose the $10 million purchase of San Francisco-based BringIt Inc., when the deal was completed in February 2012...read more

How do you identify the slots that are scheduled for big payoffs?

Question: I've heard two conflicting theories about finding slots scheduled for big payoffs. The first is a machine that's been cold and holding back is getting full and due for a big hit. The second is a machine that's been hot and paying is in a winning cycle and building up to a big jackpot...read more

Regional casino operator Pinnacle suffers fourth-quarter net loss

LAS VEGAS -- Several one-time charges and costs associated with the opening of a hotel-casino in Baton Rouge, La., caused regional gaming operator Pinnacle Entertainment, Inc. to suffer a net loss in the fourth quarter.The Las Vegas-based company said Wednesday its net loss in the quarter that ended Dec...read more

SBE Entertainment secures last of $415 million in financing for Sahara

LAS VEGAS -- Nearly two years after closing, the Sahara is finally getting its long-awaited face-lift.Los Angeles-based SBE Entertainment Group, LLC has secured the last piece of the $415 million in financing needed to transform the Strip resort into the SLS Las Vegas.Groundbreaking - for work such as interior construction and exterior design - is scheduled to begin today...read more