Featured Articles Archive - Page 347

Penn National chief tries to make light of GSA flap

LAS VEGAS -- Penn National Gaming Chairman Peter Carlino, whose company owns M Resort, tried to make light Thursday of the controversy surrounding the General Services Administration's taxpayer-funded $823,000 junket to Las Vegas which took place at the Henderson casino.At the end of Penn National's first quarter earnings call, Carlino was asked by Larry Haverty of Gamco Asset Management firm about the "raft of unplanned advertising" M Resort has received in the past week.M Resort hosted the GSA training meeting Oct...read more

CityCenter developers cut prices on high-rise condos

LAS VEGAS -- CityCenter developers are announcing a renewed effort to sell high-rise condominiums at the Strip development, discounting prices by about 25 percent in hope of jump-starting an otherwise stagnant market.The remaining 602 condominiums in two CityCenter projects -- 441 units in Veer Towers and 161 units in Mandarin Oriental -- will have their initial face price marked down by 10 percent...read more

MGM weighing options in Toronto, report suggests

MGM Resorts International is eyeing prospects for a hotel-casino development in downtown Toronto. Canada's Globe and Mail newspaper reported Tuesday that the casino company's development staff visited the city and hired a local lobbying firm. According the newspaper, two MGM Resorts officials had informal conversations about a casino with Toronto Mayor Rob Ford's staff and other officials during last week's council meeting. "MGM is exploring a $2 billion-to-$6 billion investment in the city, one that could go well beyond slot machines and roulette wheels to include hotels, restaurants, spas and convention facilities," according to the newspaper. "It's an amazing market, it's an amazing city," Alan Feldman, MGM's senior vice president of public affairs, told the newspaper in an interview from Japan on Monday...read more

Gaming insider: Potential in Midwest has game makers smiling

Executives with Nevada's major slot machine manufacturers oftentimes wonder if they will ever sell another game. The recession zapped sales figures for several years. Casino operators made due with older games rather than spend money on newer gambling equipment. Many potential casino jurisdictions were slow to gain approvals from state lawmakers and local governments...read more

Executive snapshot: Rob Bone vice president of North American sales, WMS Gaming

Rob Bone came to Las Vegas to play football for UNLV. But the Dallas native also received an education outside the classroom and Sam Boyd Stadium. Bone is the senior vice president of North American sales for slot machine giant WMS Gaming, which has its corporate headquarters in Waukegan, Ill., and a sales office in Las Vegas...read more

Bally hopes Beach Boys slot will bring players fun, fun fun

Bally Technologies is hoping its newest themed slot machines will "get around" sometime this summer. The Las Vegas-based gaming equipment provider used last week's National Indian Gaming Association tradeshow in San Diego to unveil a slot machine themed after the Beach Boys, the band that brought the culture of Southern California -- surfing, cars and romance -- to the music world. Bally expects to roll out the Beach Boys slot machine nationwide in August. The video slot machine has five reels, five different progressive jackpots and is enhanced with video clips of the Beach Boys performances...read more

Top-10 gambling scenes from non-gambling movies

The recent release of All-in: The Poker Movie had the Casino City editorial staff talking about the pantheon of great gambling movies last week. While the top gambling movies have been discussed ad nauseam, there are a bunch of great movies that aren't about gambling that have amazing gambling scenes...read more

Can you make sound gambling decisions not knowing the odds of winning?

Gamblers selecting games to play and bets to make should ideally consider both payoffs and probabilities. Either might be the dominant factor for individuals picking from among alternatives. One person might opt for scoring big despite adverse odds...read more

Top-10 things you'll find in "All-in: The Poker Movie"

Documentaries about poker don't come around too often. So when one, like All-in: The Poker Movie comes out, it certainly piques my curiosity.All-in: The Poker Movie has been playing in several American cities for a few weeks and will be released for digital download and DVD release on April 24.I've had a chance to watch the film, and we also talked to Chris Moneymaker and the film's director, Douglas Tirola, on a recent episode of the Casino City Gang...read more

Inside Gaming: Privacy must be a factor in creating online gaming policy

Gov. Brian Sandoval had departed the Nevada Gaming Commission chairmanship to run for attorney general when state regulators approved private gaming salons in 2002. The regulation, which allowed casinos to set aside secluded gambling areas for big-spending high rollers, was the first time the state diverted from its long-standing policy that gaming take place in public view. Sandoval brought up privacy last month during the initial meeting of the Gaming Policy Committee. Nevada is about to embark on Internet gaming...read more