Featured Articles Archive - Page 344

Should you avoid keno just because the gurus rail against it?

In the standard version of casino keno, 20 numbers – called “spots” – are drawn from a set between 1 and 80. Players bet by marking as many choices as they wish – forming a “pick” – on a card showing all 80 possibilities. Some establishments limit pick sizes, for example between four and 10 numbers; other operators accept as few as one or as many as 15 or 20 selections...read more

BMM International moving to new headquarters in Las Vegas

Gambling equipment testing laboratory BMM International is relocating its corporate headquarters within Las Vegas to a facility closer to the major slot machine manufacturers. The company, which is vying for a piece of the Nevada testing market, currently has an office and testing lab in southern Las Vegas. The facility on Pilot Road will almost quadruple BMM's existing facility in size and could house more than 100 new engineering staff in the next 18 to 24 months. The new headquarters will include a large test lab, office space for BMM North America's leadership and staff and office space for BMM International staff and global visitors. "Relocating BMM's headquarters represents a significant step forward for BMM and follows fast on BMM's accelerated growth in Nevada and across the U.S.," CEO Martin Storm said in a statement...read more

Report: Las Vegas Sands won't seek license in Boston area

Las Vegas Sands Corp. on Tuesday became the second Nevada-based casino operator to take a pass on Massachusetts' fledgling gaming industry, saying the number of casinos planned was too many for the overall market. The move by Las Vegas Sands was somewhat surprising because company Chairman Sheldon Adelson is a native of Boston. Las Vegas Sands spent roughly $500,000 on lobbying in the state when lawmakers approved legislation last year allowing for three casinos in three distinctive regions and a slot machine parlor for a yet to be determined location. The decision comes two weeks after Wynn Resorts Ltd...read more

Russian fishing territory angling for chips

A Russian territory best known for fish processing and heavy industry wants to become the next Macau. Nash Dom Primorye, a wholly owned government corporation of the Russian Federation's Primorsky Territory, is expected to announce it is seeking developers to build a casino complex near the port city of Vladivostok. Las Vegas-based Galaviz & Co...read more

State investigating possible illegal gambling by Whitney Houston's daughter

Nevada gaming regulators are looking into allegations that Bobbi Kristina Brown, 19, the daughter of the late pop superstar Whitney Houston, was gambling at the MGM Grand Las Vegas last weekend.Gaming Control Board Chairman Mark Lipparelli said late Monday that the agency's investigators are looking into the matter...read more

Top-10 World Series of Poker prop bets

The World Series of Poker is less than a week away, with Event 1, the $500 Casino Employees No-Limit Hold'em tournament, set to begin on Sunday, May 27. As always, Bodog Sportsbook and Racebook and Bovada are opening up markets to bet on, and if you think you can predict turnouts for events, bracelet and money winners, you can win big on the WSOP without ever stepping foot in Las Vegas.Here's a list of the top-10 WSOP prop bets I would make, if betting on sports online were legal where I live.10...read more

Next gaming frontier: Toronto? Casino companies exploring Canada's largest city

Toronto and Singapore are separated by 12 hours and more than 9,300 miles. To the gaming industry, that's where the difference ends. Ever since Ontario government officials suggested in March that Toronto was an ideal destination for a hotel-casino complex that could generate more than $1 billion in gaming revenues, casino company executives have updated their passports and pointed their corporate jets toward Canada. MGM Resorts International was first on the scene, hiring a Toronto-based lobbying firm and meeting with city leaders in April...read more

Toledo expected to challenge Detroit as draw for gamblers

TOLEDO, Ohio -- To use baseball terminology, the Triple-A city is looking to take business away from the Major League club.Penn National Gaming, Inc. will open the $320 million Hollywood Casino Toledo in nine days, and the regional casino operator is targeting the roughly 300,000 residents of the Northwestern Ohio city as its primary customer base.But Detroit, located 60 miles to the north along Interstate 75, is also in play...read more

Ohio draws comparison to Singapore as fertile market for casino gambling

CLEVELAND -- Long before the first official hand of blackjack was dealt on Monday, the $350 million Horseshoe Casino Cleveland was credited with driving more than $7 billion in downtown reinvestment in Ohio's second-largest city.Imagine what the next phase - which could include a second casino and a hotel - might accomplish.Owners of the Horseshoe, one of four casinos around the state approved in a 2009 voter referendum, confidently predict the 300,000-square-foot facility on four floors of the old Higbee's Department Store building will attract 5 million visitors to downtown Cleveland each year...read more

The peril of faster action at the casino, and how to forestall it

Some casino aficionados find leisurely action tedious, if not boring, and prefer games that proceed at a rapid clip. Many, however, fail to recognize the cost inherent in a high decision rate. Players’ fate follows from the joint influence of edge and volatility characteristic of every wager. • Edge, a small fraction of each bet, arises because players earn less for each win than the odds fought to achieve it; casinos therefore reap more than they sow netted over many rounds and players collectively lose...read more