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Featured Articles Archive - Page 349
Articles by Howard Stutz
![]() IGT acquires Double Down Interactive for $500 million13 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 moreArticles by Howard Stutz
![]() Ohio casinos delayed by up to two months10 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 moreArticles by Howard Stutz
![]() MGM Resorts spokesman named chairman of NCRG10 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 moreArticles by Howard Stutz
![]() Moody's upgrades view on CityCenter10 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 moreTop-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 moreArticles by Howard Stutz
![]() Resorts World New York collects almost $90 million9 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 moreArticles by Howard Stutz
![]() Downtown Las Vegas ready for transformation9 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 moreHow 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 moreArticles by Howard Stutz
![]() M Resort's Marnell says he opposes Internet poker legalization6 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 moreArticles by Howard Stutz
![]() Nevada casinos suffer $4 billion net loss in fiscal 20116 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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