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Featured Articles Archive - Page 355
Articles by Howard Stutz
![]() New TV show examines how sportsbook oddmakers operate21 November 2011 LAS VEGAS, Nevada -- If the setting didn't need to be the South Point Hotel Casino and Spa's sports book, "The Linemakers" could easily be filmed in someone's den.The half-hour weekly cable television series surrounds seven friends discussing and analyzing the weekend's college and professional football games...read moreHow do the gurus decide what's the best way to handle a video poker hand?21 November 2011 Everyone who plays the machines fantasizes about hitting a jackpot (name somebody who doesn’t). Most don’t actually expect it to happen, but still nurture the thought that it could.
Pretend you’re at a jacks-or-better video poker game with the following return schedule: royal – 800, straight flush – 50, quads – 25, full house – 9, flush – 5, straight – 4, triplets – 3, two pair – 2, high pair – 1...read moreHouse subcommittee hearing asks who should operate regulated Internet poker sites18 November 2011 A House subcommittee hearing on the possibility of licensing and regulating Internet poker rehashed a familiar debate on Friday, with many lawmakers expressing reserved support for the idea while others were concerned about the impact it would have on problem gamblers and minors.
Members of the Subcommittee on Commerce, Manufacturing and Trade heard testimony from members of Congress who supported and opposed regulation, gaming industry leaders and an expert on problem gambling...read moreArticles by Howard Stutz
![]() Arkansas ballot initiative could bring seven casinos18 November 2011 LITTLE ROCK, Arkansas -- Arkansas could be the next hotbed for casino expansion if a Texas businessman succeeds in putting a proposed constitutional amendment before voters next year.
Michael Wasserman of Gainsville, Texas, who has spearheaded several failed efforts to establish casinos in Arkansas, said casinos in seven Arkansas cities would generate millions of dollars and provide jobs to help the state’s economy.
“It will be on the ballot,” he told Arkansas News, a day after Arkansas Attorney General Dustin McDaniel certified a revised version of the ballot initiative for the 2012 general election.
The political arm of the conservative Family Council immediately announced its opposition.
“If we create destination resorts, it’s going to bring people from Texas and all of the surrounding states,” Wasserman said.
Under the proposal, Wasserman’s Arkansas Hotels and Entertainment Inc...read moreDeal Me In: Number of decks versus number of players18 November 2011 Dear Mark: When I play blackjack in Vegas at a double-deck table, I always seem to win much more when there are just two people playing. Any logic to this? Ruth F.If you base your line of reasoning on math, Ruth, yes as to the number of decks used, but no as to the number of players sitting tableside.It is always to your advantage to play on a game that offers the fewest decks...read moreArticles by Howard Stutz
![]() Caesars Palace to hire 450 employees18 November 2011 LAS VEGAS, Nevada -- Caesars Palace will hire 450 employees in conjunction with the opening of its 668-room Octavius Tower on Jan. 2.The new hotel tower will give the Strip resort more than 3,960 rooms.Caesars is seeking employees for both front- and back-of-house positions in hotel operations, gue...read moreArticles by Howard Stutz
![]() Moody's bullish on Vegas gaming companies18 November 2011 LAS VEGAS, Nevada -- Moody's Investors Service on Thursday upgraded its opinion of the three Nevada-based gaming companies that operate casinos in Asia, saying gaming markets in that region of the world will continue to flourish.The ratings agency said the prospects for potential earnings for MGM Resorts International, Las Vegas Sands Corp...read moreIndian tribes want major role in online gaming process17 November 2011 One thing was certain after Thursday's hearing on online gaming in the Committee on Indian Affairs in Washington D.C.: Indian tribes want to have a major role in any legislative and regulatory discussion.The Senate Committee on Indian Affairs heard arguments from both proponents and opponents of regulated online gambling, including representatives of two Indian tribes who have different stances on the issue.Bruce Bozsum, chairman of the Mohegan Tribe, said that Internet gaming is of "critical importance" to his people...read moreReport: French group finalizes deal to buy Full Tilt17 November 2011 Groupe Bernard Tapie (GBT) may have finalized a deal to purchase Full Tilt Poker, according to a report published by Yahoo and CNNMoney.com.The story contained a note at the beginning, noting that it should be embargoed (i.e., not published) until one of the reporters who wrote the story received final clearance from a lawyer with GBT...read moreArticles by Howard Stutz
![]() Caesars Entertainment begins IPO process16 November 2011 LAS VEGAS, Nevada -- Caesars Entertainment Corp. on Tuesday restarted the company's plans for an initial public stock offering, but at about 10 percent of what the casino operator hoped to raise when it canceled the idea nearly a year ago.In a filing with the Securities and Exchange Commission, Caesars said its looking to raise up to $50 million by selling shares of the company, which operates 10 resorts on or near the Strip including Caesars Palace, Harrah's Las Vegas Casino & Hotel, Bally's, Flamingo Las Vegas, Planet Hollywood Resort & Casino and the Rio All-Suite Hotel & Casino.A year ago, Caesars planned to raise as much as $532 million before it pulled its IPO, citing market conditions.According to the company's prospectus, the $50 million figure is subject to change as managers of the IPO gauge investor interest.A Caesars spokesman declined to comment beyond the filing with the SEC...read more |
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