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Featured Articles Archive - Page 349

  • Latest Articles     3481 - 3490

 
Articles by Howard Stutz

IGT acquires Double Down Interactive for $500 million

13 January 2012
LAS VEGAS, Nevada -- International Game Technology has reached agreement to acquire Double Down Interactive, an online social gaming company, for $500 million, the Las Vegas-based company announced Thursday. Double Down Interactive is the developer of the DoubleDown Casino found on Facebook...read more
 
Articles by Howard Stutz

Ohio casinos delayed by up to two months

10 January 2012
COLUMBUS, Ohio -- A licensing hang-up will delay the openings of two Ohio casinos by up to two months.One, in Cleveland, is half-owned and would be managed by Caesars Entertainment Corp.Ohio's Casino Control Commission has not completed the background checks on some 15 individuals with Penn National Gaming, which owns and will operate the Hollywood Casino Toledo, and with Caesars, which owns the Horseshoe Casino Cleveland with Rock Financial.The Horseshoe Cleveland was expected to open in March, followed by the April opening of the Hollywood Toledo...read more
 
Articles by Howard Stutz

MGM Resorts spokesman named chairman of NCRG

10 January 2012
LAS VEGAS, Nevada -- MGM Resorts International Senior Vice President of Public Affairs Alan Feldman has been named chairman of the board for the National Center for Responsible Gaming. Feldman, the chief spokesman for MGM Resorts, has been on the Washington D.C.-based organization's board since 2000. The nonprofit group was founded as the affiliated charity of the American Gaming Association, the gaming industry's Capitol Hill-based trade organization and lobbyist. Feldman replaces Glenn Christenson, the former Station Casinos chief financial officer who is now managing director of Velstand Investments...read more
 
Articles by Howard Stutz

Moody's upgrades view on CityCenter

10 January 2012
LAS VEGAS, Nevada -- CityCenter bonds are looking like a better bet, according to investment adviser Moody's.Moody's upgraded its view of CityCenter's roughly $1.5 billion of debt Monday, saying the prospects of increased visitation to Las Vegas this year helps the 67-acre, multiple development Strip complex.CityCenter Aria Resort & Casino , anchored by the 4,004-room Aria hotel-casino, is 50-50 owned by MGM Resorts International and Dubai World, the investment arm of the Persian Gulf emirate...read more
 
Articles by Vin  Narayanan
Articles by Vin Narayanan

Top-10 ways the industry could screw up online gaming in the U.S.

9 January 2012
Two days before Christmas, the Department of Justice handed the gambling industry a gift when it reversed its stance on the Wire Act and decided intrastate non-sports related gambling was legal. As the industry cheered the DOJ opinion and eagerly anticipated licensed and regulated online gaming coming to the U.S., the only thought running through my mind was now was the time for a Lee Corso style "Not so fast my friend." The DOJ opinion removes a legal and political obstacle for online gaming...read more
 
Articles by Howard Stutz

Resorts World New York collects almost $90 million

9 January 2012
NEW YORK, New York -- Resorts World Casino New York City, the casino attached to the Aqueduct Race Track in New York City, collected gaming revenues of $89.9 million through Dec. 31, having been open less than three months.Malaysia-based Genting operates the casino, which opened its second phase Dec...read more
 
Articles by Howard Stutz

Downtown Las Vegas ready for transformation

9 January 2012
LAS VEGAS, Nevada -- Downtown Las Vegas needs more than just a steakhouse named for former Mayor Oscar Goodman if the market is going to rebound following gaming revenue declines in five of the last six years.That extra help is on the way.2012 is a transition year for downtown, in advance of online retailer Zappos' 2013 relocation of some 1,000 employees into the soon-to-be reconfigured former City Hall, providing a new source of business.The market also awaits redevelopment of the shuttered Lady Luck, a remodeling of Fitzgeralds Casino & Hotel, and a $12 million expansion of the already-renovated Golden Gate Hotel & Casino...read more
 
Articles by Alan  Krigman
Articles by Alan Krigman

How do betting strategies affect your blackjack performance?

9 January 2012
Blackjack card counters can get an advantage over the casino by raising their bets when favorable ranks dominate what remains to be dealt from a deck or shoe. Given the rules dealers must follow and the options available to players, the house has a small edge when ranks are uniformly distributed...read more
 
Articles by Howard Stutz

M Resort's Marnell says he opposes Internet poker legalization

6 January 2012
LAS VEGAS, Nevada -- M Resort President Anthony Marnell III said he opposed the legalization of online poker during a recent interview with a statewide public affairs television program.Marnell became the second gaming industry executive to come out against the current efforts to legalize Internet poker, echoing similar comments made last month by Las Vegas Sands Corp...read more
 
Articles by Howard Stutz

Nevada casinos suffer $4 billion net loss in fiscal 2011

6 January 2012
LAS VEGAS, Nevada -- Nevada highest-grossing casinos suffered a net loss of almost $4 billion in fiscal year 2011, according to a report released this morning by state gaming regulators. According to the Nevada Gaming Abstract, 256 casinos, which grossed $1 million or more in gaming revenue, gen...read more

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