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Featured Articles Archive - Page 293
Articles by Howard Stutz
![]() MGM Resorts wants Toronto to bet on its complex12 February 2013 Nevada's largest casino companies are about to bet the house on Toronto.A single integrated resort complex in the heart of Canada's largest city could be worth billions in annual revenue to whichever casino operator wins a heated bidding process for the gaming license.Of course, there has to be a competition.Toronto and its residents have the final say on the Ontario Lottery Commission's proposal to locate the casino in the metropolitan market.One observer speculated Toronto has "no better than" a 50-50 chance of approving a casino.Who would make such a prediction?MGM Resorts International Chairman and CEO Jim Murren.Murren, whose company has placed itself square in the middle of Toronto's gaming debate, made those remarks on a Canadian television news show.A day later, Murren addressed the Economic Club of Canada in Toronto, telling the group a casino will happen in Ontario...read moreTop-10 snowstorm prop bets11 February 2013 There are a ton of great things about living just outside of Boston, but winter storms aren't one of them. Over the weekend we were battered with more than two feet of snow as a powerful blizzard hit the Northeast.But just because you're snowed in doesn't mean you can't have a little fun...read moreArticles by Howard Stutz
![]() Goodwill, friendships may die in IGT proxy fight11 February 2013 LAS VEGAS -- A conjured-up meeting of the Gaming Hall of Fame's membership might get interesting.I'd feel sorry for the person who had to handle seating arrangements.The continuing proxy fight over the direction of slot machine manufacturer IGT - International Game Technology has put several legendary gaming personalities on opposite sides of the dispute.Disagreements between gaming executives are not uncommon...read moreArticles by Howard Stutz
![]() Ex-gaming analyst finds new niche inside industry11 February 2013 LAS VEGAS -- Marc Falcone always knew that one day he would quit being a spectator and get into the action.So it was no surprise in October 2009 that he gave up a 15-year career as a Wall Street gaming industry analyst to become chief financial officer for the newly created Fertitta Gaming.The only question at the time: What exactly would Fertitta Gaming own?The company was formed by brothers Frank Fertitta III and Lorenzo Fertitta at the outset of the bankruptcy reorganization of Station Casinos, Inc...read moreArticles by Howard Stutz
![]() N.Y. investment firm questions IGT's decision-making11 February 2013 A New York-based investment firm Thursday became IGT - International Game Technology's first outside shareholder to publicly question the slot machine manufacturer's management decision-making since a proxy fight surfaced last month over the company's direction.In an open letter to IGT Chairman Phil Satre, Orange Capital LLC managing partner Daniel Lewis suggested the company conduct a "Dutch auction" tender for 25 percent of IGT's outstanding shares and "reconstitute" the company's board to include former IGT Chairman Charles Mathewson and two others."IGT's valuation is near its all-time low on the basis of net income and cash flow," Lewis said in the letter...read moreWhy can you write down past results at any casino game except blackjack?11 February 2013 Question: Casinos let you write down the results of past plays at any table games except blackjack. In fact, they even have signs showing previous winners at roulette and some baccarat tables. Why can you do this in certain games, but not blackjack?Answer: In games like roulette and craps, each round is independent of whatever happened previously...read moreChristie signals way forward to Internet gambling with conditional veto7 February 2013 New Jersey Governor Chris Christie issued a conditional veto to legislation that would regulate Internet Gambling in the state, sending a revised version of the bill back to the state's legislature for approval."I have concluded that now is the time for our state to move forward, again leading the way for the nation, by becoming one of the first states to permit Internet gaming," Christie wrote in his conditional veto...read moreArticles by Howard Stutz
![]() Mesquite, clobbered by recession, works to regain footing5 February 2013 MESQUITE -- Don't blame Rita Perez for the economic challenges that stalled the boomtownlike growth of this Nevada border city's casino industry over the past few years.The St. George, Utah, resident travels the 40 miles between her home and Mesquite several times a week to play slot machines and enjoy the casinos' nongaming amenities.She has made the trek for 20 years to escape "the boredom" of St...read moreTop-10 moments in my poker "career"4 February 2013 The other day, while describing how I first started playing poker to a new acquaintance, I realized that I've now been playing the game on a fairly regular basis for more than 10 years. That's longer than I've continually engaged in any other hobby other than running, and if I were to compare the number of hours I've spent running over the last 10 years to the number of hours I've spent playing poker, I have to say I think my old high school and college track coaches would be a little disappointed.I started reflecting on all that time spent at the tables – most of it with good friends – and realized that I've had quite a few amazing moments in my poker "career." And here are the top-10.10...read moreArticles by Howard Stutz
![]() Macau gaming revenue rises 7.3 percent, falls short of forecasts4 February 2013 So much for the much-anticipated double-digit increase.Macau casinos in January grew gaming revenues 7.3 percent, falling well short of Wall Street predictions that the Chinese gaming market would mirror December's single-month revenue record of $3.54 billion.Macau's Gaming Inspection and Coordination Bureau said Friday that casinos collected $3.36 billion in revenues from gamblers...read more |
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