Featured Articles Archive - Page 351

Caesars sells part of interactive gaming subsidiary

Caesars Entertainment sold an undisclosed percentage of its interactive gaming subsidiary to its partner in two Ohio casinos for $60.8 million, the company disclosed late Monday.In a filing with the Securities and Exchange Commission, the company said Rock Gaming purchased 50 percent of the more than 12,300 shares on Friday...read more

Top-10 gambling fantasies

Last week, lottery fever hit the United States hard. The $640 million Mega Millions jackpot was the largest in U.S. history, and three winners will be splitting a life-changing amount of money.Millions of Americans bought tickets. Some pooled funds to get a larger number of tickets...read more

March mixed for gaming stocks

LAS VEGAS - Publicly traded gaming companies gave investors a slew of mixed messages during March. The average daily share price for two casino operators that derive most of their revenues from Asia blossomed during the month. Three of four gaming equipment manufacturers also experienced marked stock price increases. But other companies, including the two largest Strip casino operators, saw small declines. The average daily stock prices were followed by Las Vegas financial consultant Applied Analysis for the company's Gaming Index, which rose almost 7 percent over February's close...read more

Why is blackjack better for players when dealers must stand on soft 17?

How often in blackjack have you stood on a total of 16 or less against a six-up, or doubled down and finished at or below this level, thinking you’re still in decent shape because the dealer has a stiff and is probably going to bust? Then, in the most common version of the game, watch the dealer turn over an ace and stand on the soft 17, beating you then and there. You’re most likely aware that in some casinos, the dealer hit soft 17s...read more

Nevada urged to move on Web gaming market

Reno businessman Paul Mathews Jr. cut right to the heart of what he and fellow members of the governor's Gaming Policy Committee hope to address over the next five months: Nevada needs to capitalize on the rapidly changing Internet gaming market. Online gaming offers Nevada the best available opportunity to grow its economy, added Mathews, a founder of the Internet technology provider Wagerworks, bought by International Game Technology in 2005. "It's time for Nevada to be able to leverage its regulatory apparatus to our benefit," said Mathews, a co-owner of incuBET, a company that develops online computer games...read more

MGM Resorts to seek alternative Mass. location

LAS VEGAS, Nevada -- MGM Resorts International has abandoned a proposed casino site in Massachusetts, but plans to seek alternative location in the western part of the state. In a statement, the casino operator said there were "too many complications" in pursing a hotel-casino development on a 150-acre site near the town of Brimfield, which is about 65 miles west of Boston...read more

WMS files for Nevada online gaming license

LAS VEGAS, Nevada -- Slot machine maker WMS Industries said Tuesday it has applied for an interactive gaming license with Nevada. WMS joins the more than two-dozen casino operators and gaming equipment manufacturers that have filed applications with the state Gaming Control Board. WMS Preside...read more

Top-10 things to look forward to at Revel

Atlantic City is getting ready to celebrate is first new casino opening in since The Borgata Hotel Casino and Spa opened in 2003. Revel Casino Resort, which suffered from construction delays due to the recent recession, will open its doors on April 2, assuming the New Jersey Casino Control Commission grants the property a license later today.Located at the northern end of the Boardwalk, the resort property has 1,898 hotel rooms and takes a nontraditional approach to the casino floor...read more

Hard Rock Las Vegas launches loyalty program

LAS VEGAS, Nevada -- The Hard Rock Hotel and Casino launched a rewards program this week with a name that describes what its music-loving customers most covet: a Backstage Pass.The new system lets Hard Rock customers earn points for every dollar spent -- gaming and nongaming -- at the 1,500-room off-Strip hotel-casino...read more

The pros and cons of concentrating and spreading your bets

Some casino games offer bettors opportunities to select wagers from along a spectrum between those in which each decision has a strong probability of winning a relatively small amount, and a remote chance of making a fairly substantial score...read more