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Featured Articles Archive - Page 356
Articles 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 moreStates' rights and fragmented Internet gambling markets15 November 2011 In America, each of the 50 states decides its own unique restraints on gambling. Nevada has hundreds of casinos and even sportsbooks, but Utah permits no gambling whatsoever. Theoretically, the social values of the people determine each state’s regulatory choices...read moreTop-10 hands from the WSOP November Nine14 November 2011 The World Series of Poker Main Event concluded play last week in Las Vegas, with Pius Heinz becoming the first world champion from Germany and taking home the $8.7 million first-place prize.For the first time, every hand of the final table was shown on a 15-minute delay on the ESPN family of networks...read moreArticles by Howard Stutz
![]() Internet key for American poker players14 November 2011 LAS VEGAS, Nevada -- For a brief moment at last week's World Series of Poker finale, the game's past and future shared the stage at the Rio.Doyle Brunson, poker's 78-year-old patriarch, received a warm ovation as he took part in the night's Poker Hall of Fame induction ceremonies.As the festivities ended and the final three players for the Main Event took their seats, Brunson passed 22-year-old German college student Pius Heinz...read moreIs it preferable to spread or concentrate your bets at craps?14 November 2011 Losing in the casino is bad.. A close second at craps, frustration-wise, is waiting and not winning while everyone else is racking up the chips on dice totals you haven’t covered. Which is why most titans of the tables put money on multiple, complementary propositions at the same time...read moreDeal Me In: Courtesy hold while the lady powders her nose11 November 2011 Dear Mark: I have read your column religiously for years now and have a question for you that I have not seen before. What is a player supposed to do if they want to take a bathroom break yet still want to play on the same slot machine when they return? Before, I put a coin cup over the slot handle, but handles do not exist on many of today’s machines...read moreArticles by Howard Stutz
![]() IGT profits soar due to higher machine sales11 November 2011 LAS VEGAS, Nevada -- International Gaming Technology reported Tuesday that fourth-quarter profits more than doubled from a year ago, boosted by higher machine sales in North America and increases in international gaming operations.
For the three months ended Sept...read moreArticles by Howard Stutz
![]() Caesars chairman bullish on online poker11 November 2011 LAS VEGAS, Nevada -- Caesars Entertainment Corp. Chairman Gary Loveman has a message for his Strip colleagues who have recently embraced Internet poker and want Congress to legalize the activity:
Welcome to the party.
During the company's third-quarter earnings conference call with analysts, Loveman said Caesars was first in support of Internet poker legalization.
The company, which operates 10 resorts on and near the Strip and more than 50 properties worldwide, owns the lucrative World Series of Poker brand.
Through a partnership with British-based 888 Holdings, Caesars operates Internet gaming sites in the United Kingdom, Italy and France.
Loveman said Caesars would be ready if Congress passes a bill that legalizes Internet poker and sets up a regulatory process.
Loveman also said the potential for revenues from a U.S...read moreArticles by Howard Stutz
![]() Nevada gaming revenues drop 6 percent in September11 November 2011 LAS VEGAS, Nevada -- Let's not start panicking yet.
That's the message from analysts reviewing Nevada's September gaming revenue results, released Wednesday by the Gaming Control Board.
Casinos statewide saw their take from customers decline almost 6 percent to $863.9 million, the second straight monthly revenue drop...read moreThe Europeans are here to stay9 November 2011 LAS VEGAS, Nevada -- This year's World Series of Poker Main Event final table cemented a fact in poker that players, fans and experts have known for awhile: The Europeans aren't coming. They are here, and they're here to stay.The 2011 November Nine featured five Europeans, including three from mainland Europe...read more |
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