Featured Articles Archive - Page 359

Macau headed for another record-breaking month

MACAU -- A Macau-based gaming analyst is predicting the current Chinese New Year holiday could help the Chinese casino market smash its single month record for revenues. Union Gaming Group principal Grant Govertsen predicted this morning that when January’s gaming revenue totals are counted, it would break last October’s single month record of $3.4 billion. The Chinese New Year celebration is the catalyst, he told the firm’s clients in a research note...read more

IGT profits fall in first quarter

LAS VEGAS, Nevada -- International Game Technology left the investment community disappointed with the company's first quarter results Tuesday, but the slot machine giant's chief executive tried to calm any worries during an early morning conference call with analysts. IGT CEO Patti Hart told analysts that fewer new casino openings in North America last year and limited activity in the expansion market cut into the company's overall revenues and profits...read more

Top-10 online slots to escape the cold weather

Last week, I celebrated the winter season by devoting a top-10 list to the best winter-themed slot machines I could find at online casinos. This week, after shoveling snow for two hours in the driveway, I wanted to get as far away from winter as I could...read more

New York not a threat to Las Vegas

LAS VEGAS, Nevada -- Las Vegas has always suffered from an inferiority complex.When Atlantic City's first legal casino opened in 1978, naysayers thought it was Las Vegas' death knell.Obviously, that wasn't the case.Other "sky is falling" prognostications concerning the growth of riverboat casinos, regional markets, California's tribal gaming expansion, and Macau came to the same end.It now appears New York Gov...read more

What bets offer the most chance to reach win goals before hitting loss limits?

Some solid citizens visit casinos intending to risk modest bankrolls in shots at a day’s pay. They figure their prospects are decent if they set conservative profit targets and quit as soon as they reach or surpass them. This notion is generally correct...read more

Deal Me In: Beware of Greeks bearing gifts

Dear Mark: Why do roulette tables display previous numbers since the next number is completely random? If the house thinks people will try to play a system based on these previous numbers, it doesn't benefit the house anyway because it is still random...read more

Caesars looking to redevelop Mississippi casino

BILOXI, Mississippi -- Caesars Entertainment Corp. is exploring options for its Grand Biloxi Casino Hotel & Spa in Biloxi, Miss., that was damaged by Hurricane Katrina in 2005, according to the Biloxi Sun Herald.During a meeting of the Mississippi Gaming Commission, Daniel Real, the company’s new Southern Region President, said he and the new general manager of the Grand Biloxi are putting together updated options for the site.“We’re going to come up with the best resolution for ourselves and the city of Biloxi,” Real said...read more

Pennsylvania now the country's second-largest gaming market

HARRISBURG, Pennsylvania -- Move over Atlantic City, you’re now No. 3.Gaming is now a $3 billion industry in Pennsylvania, making the state the No. 2 gaming market in the U.S. behind Nevada.For the first time, combined revenues from slot machines and table games at the Pennsylvania’s 10 casinos hit $3.024 billion in 2011...read more

CityCenter forming partnership with Sotheby's

LAS VEGAS, Nevada -- In an effort to drive luxury condominium sales, CityCenter has announced a partnership with Sotheby's International Realty to market The Residences at Mandarin Oriental and Veer Towers.The collaboration, which is led by Blueprint Global Marketing in partnership with Synergy Sotheby's International Realty in Las Vegas, is geared to international buyers."We are confident our residential sales outreach will benefit from the global presence of Sotheby's International Realty's worldwide network of affiliates," Tony Dennis, executive vice president of CityCenter Residential Division, said in a statement...read more

Analyst has "grave concerns" about IGT purchase

LAS VEGAS, Nevada -- A gaming analyst said Tuesday he has "grave concerns" about International Game Technology's $500 million acquisition of an online social gaming company, taking a contrarian position from other Wall Street research firms. In a report to his clients, Union Gaming Group principal Bill Lerner said IGT could hurt its core slot machine business and may be spending too much to acquire Double Down Interactive, which is the developer of Facebook's Double Down Casino. Many analysts believe the deal could help IGT launch an online gaming website for U.S...read more