Featured Articles Archive - Page 302

Largest Affinity Gaming shareholder wants to increase stake

LAS VEGAS -- The largest shareholder in casino operator Affinity Gaming wants to increase its ownership to roughly one-third of the Las Vegas-based company, a filing Monday with the Securities and Exchange Commission shows.Z Capital, an Illinois-based private equity firm, said in the filing it has two separate agreements to purchase 823,488 shares and 844,940 shares of Affinity Gaming.The acquisitions would give Z Capital ownership of more than 33 percent of the company's outstanding shares.The deals are subject to Z Capital gaining regulatory approval by gaming authorities in Nevada, Missouri, Iowa and Colorado.Affinity is privately held but has publicly traded debt.Over the past 18 months, Z Capital has increased its ownership stake in Affinity, which was created from the remnants of the bankrupt Herbst Gaming in December 2010.Affinity now operates 15 casinos, including nine in Nevada...read more

Apparent removal of Toronto mayor could have implications for casino expansion into city

The apparent ouster of Toronto Mayor Rob Ford may have implications for casino expansion into Canada’s largest city.Ford was ordered out of office Monday after an Ontario judge found he had flouted conflict of interest rules for refusing to repay funds he solicited for his high school football team using city letterhead when he was a councilman.The judge's ruling takes effect in two weeks, but Ford can seek an order that will allow him to stay in office while he appeals.Ford has been the biggest proponent for adding a casino to downtown Toronto...read more

Analysts see East Coast gaming at tipping point

Barring action on a pending lawsuit, Maryland could soon have six Las Vegas-style casinos, including a $400 million gambling hall in downtown Baltimore and an $800 million resort south of Capitol Hill on the Potomac River.Pennsylvania gaming regulators are investigating six separate offers to build a $500 million to $700 million hotel-casino in downtown Philadelphia.Massachusetts authorities are weighing casino proposals for Boston and Springfield.Lawmakers in Toronto and New York City may open their markets for casino development.There isn't an end in sight.Two gaming analysts believe there should be...read more

Clout 2012: Influential Nevadans flex their muscles

LAS VEGAS -- Clout can be fleeting. Especially in Las Vegas.Times change quickly in Southern Nevada. During the boom period, gaming ruled as new megaresorts on the Strip fueled a booming economy.The recession altered the status quo.Gaming, in some sense, has taken a backseat to other types of development and job creation.David G...read more

Former WSOP champion Greg Raymer dominates Heartland Poker Tour in 2012

Imagine if reigning National League Most Valuable Player Buster Posey of the San Francisco Giants decided to return to Triple AAA baseball for a season.That’s one way to look at the run former World Series of Poker champion Greg Raymer had over the past few months at the Midwest-centric Heartland Poker Tour.Raymer captured three events on the tour in July, September and October...read more

The most enduring casino games are the most elegant

In popular parlance, “elegant” is often taken to connote fancy or elaborate. Strictly speaking, and especially when scientists use the term, it means simple in the sense of uncomplicated – and implies praise. Similarly, the most enduring casino games tend to be those that are most elegant...read more

Old Sahara to have L.A. feel; retail provider named for SLS Las Vegas

LAS VEGAS -- The planned SLS Las Vegas is bringing a touch of the Los Angeles retail market to the reconfigured former Sahara.SBE Entertainment Group, LLC will announce today a deal to give the Fred Segal chain an exclusive hold on the SLS retail business...read more

Who's got clout? The Las Vegas Business looks at 10 movers and shakers who shape business in the valley

LAS VEGAS -- Clout can be fleeting.Especially in Las Vegas.Times change quickly in Southern Nevada. During the boom period, gaming ruled as new megaresorts on the Strip fueled a booming economy.The recession altered the status quo.Gaming, in some sense, has taken a backseat to other types of development and job creation.David G...read more

Top-10 things you can bet on this Thanksgiving

Thanksgiving is one of my favorite holidays, because it's one of the few days a year when I have a chance to get together with family, share a nice meal and have no other obligations that require me to leave the house.If you live in the United States and will be celebrating the holiday this week, I encourage you to savor the meal and the company and spend the day home with your family...read more

Images rendered by marine-life painter will offer undersea experience on a slot

LAS VEGAS -- Marine-life artist Wyland figured if his paintings were destined for a slot machine, the sea creatures should come to life in a three-dimensional setting that replicates an underwater experience.His impression after viewing the new Wyland-themed machines inside IGT - International Game Technology's showroom on South Buffalo Drive last week?"I'm really stoked...read more