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Featured Articles Archive - Page 354
Farewell to Barney Frank; missing my chance to vote for Internet gambling's champion1 December 2011 I was a big fan of Barney Frank, even before I lived in Massachusetts. The 16-term Congressman from Newton, Mass., is a fiery liberal who takes no prisoners. He points out hypocrisy wherever he sees it, and will even go after a sitting president in his own party if he disagrees with the policies of the administration.When I started writing about the gambling industry I learned a lot more about Frank...read moreArticles by Howard Stutz
![]() Frontier site to remain empty on Las Vegas Strip29 November 2011 LAS VEGAS, Nevada -- The empty land on the Strip that once was the site of the New Frontier will remain empty.The Israeli company that bought the 36-acre site in May 2007 for more than $1.24 billion said Monday that it wrote off $500 million of the investment, according to a report in an Israeli financial media outlet.Elad Group planned to build a $5.7 billion version of New York's famous Plaza Hotel on the site, across from Wynn Las Vegas and adjacent to the Trump International.But the real estate market has seemingly ended those plans."It can be clearly said that the Plaza project will not go ahead," IBI Investment House analyst Shay Lipman told Globes, an Israel-based publication...read moreDeal Me In: Pirates of the Caribbean29 November 2011 Dear Mark: I am going on a cruise in March and was wondering should I expect the same payoffs on slots that I receive here in Biloxi? Also, how are casinos regulated on a cruise ship, and what if a dispute was to happen? Emile D.When sailing the high seas, Emile, your floating hotel casino offers the only game in town...read moreTop-10 things to note about the Massachusetts casino law28 November 2011 Last week, Massachusetts Governor Deval Patrick signed legislation that will establish a commission to regulate casino gambling in the commonwealth. As a resident of the state and a journalist who covers the industry, I'm excited to see how it all develops over the next few years, and can't wait to attend the opening ceremonies when the first facility opens.I've watched the developments with a bit of a closer eye, as it not only affects what I'll be doing in my job, but also because the new casinos could have a big impact on my life, and the life of every other Bay State resident.I've given the legislation signed by the governor a good read, and here are the top-10 elements of the new Massachusetts casino law that piqued my interest.10...read moreArticles by Howard Stutz
![]() Macau gaming market still red hot28 November 2011 MACAU -- Any rumors that Macau's gaming market was slowing were put to rest this week.The government's secretary for the economy and finance projected the Chinese gaming enclave could provide the special administrative region roughly $10.6 billion in taxes in 2012.If the figure holds, it would exceed what the entire Nevada casino industry collected in just gaming revenues alone during 2010...read moreWho should craps buffs thank or blame for too few or too many sevens?28 November 2011 Craps aficionados know – or should – that the chance of a seven showing on a toss is one out of six. There’s no great mystery to this probability. It follows from the totals on the faces of two balanced dice. Here are all the possible combinations: 1-1, 1-2, 1-3, 1-4, 1-5, 1-6, 2-1, 2-2, 2-3, 2-4, 2-5, 2-6, 3-1, 3-2, 3-3, 3-4, 3-5, 3-6, 4-1, 4-2, 4-3, 4-4, 4-5, 5-6, 5-1, 5-2, 5-3, 5-4, 5-5, 5-6, 6-1, 6-2, 6-3, 6-4, 6-5, 6-6...read moreArticles by Howard Stutz
![]() Slot machine sales slow but developing22 November 2011 LAS VEGAS, Nevada -- Last month's Global Gaming Expo was hardly sedate.
The leading slot machine manufacturers didn't skimp on promoting their new games and technology. Celebrities, celebrity impersonators, attractive dancers and other means were deployed along the trade show floor of the Sands Expo and Convention Center with the goal of drawing potential slot machine buyers into the game developers' booths.
What was subdued, however, was the industry's hope for increased slot machine sales.
Over the past few years, the gaming equipment sector has experienced declining revenues...read moreArticles by Howard Stutz
![]() Aristocrat Technologies manages small and large slot operators22 November 2011 LAS VEGAS, Nevada -- Sago's Baja Tavern and Lounge won't be confused with M Resort or The Palms Casino Resort.The two off-Strip hotel-casinos each house more than 1,500 slot machines.Sago's, a bar and restaurant at 4790 S. Fort Apache Road, holds a restricted gaming license and operates 15 bar-top slot machines.But the games in all three locations operate in a similar fashion.Sago's owner Jason Godfrey recently ended the tavern's deal with a slot machine route operator and took on the games' operation himself...read moreArticles by Howard Stutz
![]() Vegas casino begins remodeling most of 3,500 hotel rooms22 November 2011 LAS VEGAS, Nevada -- The Flamingo Las Vegas has begun remodeling two-thirds of the Strip resort's 3,500 hotel rooms as part of an overall rebranding and renovation of the property, which will become a gateway for the planned $550 million Project Linq development.The $10 million renovation of 2,307 rooms is expected to be completed by May.About 500 of the redesigned rooms, being marketed as the FAB rooms, are expected to be available for guests checking into the Flamingo on Jan...read moreTop-10 gaming industry developments I'm thankful for21 November 2011 It's the time of year when Americans think about all the things that they're thankful for. I'm thankful for my family, especially the great health of the two newest members, our twins, who were born earlier this year. But I'm also thankful for a number of developments in and around the gaming industry which make my job a lot more fun...read more |
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