Featured Articles Archive - Page 306

Top-10 moments in my poker "career"

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 more

Macau gaming revenue rises 7.3 percent, falls short of forecasts

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

Gaming stock index rises in January

LAS VEGAS -- Mergers and acquisitions are good for the gaming industry.Two planned buyouts helped fuel average daily stock price increases for publicly traded casino operators and gaming equipment manufacturers during January.Pinnacle Entertainment, Inc...read more

MGM Resorts partners with Canadian real estate developer on potential Toronto casino

LAS VEGAS -- MGM Resorts International entered into a partnership with a Canadian real estate developer to bid on, build and operate a hotel-casino complex in downtown Toronto.In a statement, MGM Resorts Chairman Jim Murren said the 50/50 joint venture with The Cadillac Fairview Corporation Ltd...read more

Caesars diversity executive Tony Gladney to chair key committee for U.S. Hispanic Chamber

One of the gaming industry’s best-known diversity relations executives has been named chairman of a committee for the U.S. Hispanic Chamber of Commerce that links the organization with Fortune 1000 corporations.Tony Gladney, vice president of national diversity relations for Caesars Entertainment Inc., was named chairman the Washington, D.C.-based Hispanic Chamber’s Senior Executive Corporate Advisory Board.Gladney is a two-year member of the committee and has advised the organization on strategic partnerships, new initiatives and goal-setting."Tony is an important contributor to (the Hispanic Chamber) and brings a wealth of knowledge and experience in the executive realm to our council,” Hispanic Chamber CEO Javier Palomarez said in a statement...read more

IGT's plan for meeting curious

LAS VEGAS -- Slot machine manufacturing giant IGT - International Game Technology is trying to dissuade stockholders from attending the company's annual meeting next month in Las Vegas.There are at least two particular shareholders IGT management would like to keep on the outside looking in.How else would you explain IGT's plan for this year's event?The annual shareholder meeting will be held at 7:30 a.m...read more

Does “mini-craps” differ from the regular game in any important way?

Question: I've occasionally noticed new craps games at the casinos. One type looks like the standard game, except the tables are smaller and the players can sit down. Another is played at what appears to be a blackjack table and uses dice in an enclosed shaker...read more

Penn National sees decline in fourth-quarter earnings

Penn National Gaming experienced a decline in fourth-quarter earnings as results from the company's two new casinos in Ohio fell short and costs associated with a failed political activity in Maryland cut into the bottom line.Analysts, however, were more focused on the company's impending spin-off of its casino holdings into a separate publicly traded real estate investment trust...read more

Profits rise for Las Vegas Sands with revenues topping $11 billion in 2012

LAS VEGAS -- An 11 percent decline in revenues produced by Las Vegas Sands Corp.'s Singapore hotel-casino was one of the few blips on the casino giant's fourth-quarter balance sheet.Not in the eyes of Rob Goldstein, Las Vegas Sands president of global gaming operations.The Marina Bay Sands produced more than $400 million of cash flow during the three-month period ended Dec...read more

IGT shareholder group issues "fight letter"

LAS VEGAS -- A dissident shareholder group seeking to gain three seats on the IGT - International Game Technology board of directors said Monday that current management has so neglected the company's core business it has "alienated" casino customers, causing financial performance to deteriorate.In a "fight letter" to shareholders filed Monday with the U.S...read more