Featured Articles Archive - Page 360

Gordon Ramsay opening restaurant in Vegas

LAS VEGAS, Nevada -- Celebrity Chef Gordon Ramsay, known for his fiery personality on the reality television shows “Hell’s Kitchen,” “MasterChef” and “Kitchen Nightmares,” will open a restaurant at Paris Las Vegas in the spring.Gordon Ramsay Steak will be his first restaurant in Las Vegas and will replace Les Artistes Steakhouse at the Strip resort.“Vegas is such a vibrant city,” Ramsay said...read more

States now look towards regulated online gaming

LAS VEGAS, Nevada -- Federal prosecutors may have cracked opened the door for individual U.S. states to operate Internet poker websites without Congress passing online poker legislation.At least a half-dozen states -- including Nevada -- and the District of Columbia have enacted laws or are contemplating regulatory changes that would allow some form of Internet poker within their boundaries.States that operate lotteries could also move forward with Internet poker initiatives.How pervasive individual states become in online poker activities has been the subject of debate among gaming industry financial analysts and gaming attorneys.The U.S...read more

Benefits cited to IGT's purchase of Double Down Interactive

LAS VEGAS, Nevada -- Analysts said Friday that the $500 million acquisition of an online social gaming company by International Game Technology has two benefits. The transaction puts the Nevada-based slot machine maker's products in front of the booming social media market while also putting IGT out in front of the competition once Internet gaming becomes available to American customers. IGT said Thursday it would acquire Double Down Interactive for $250 million in cash, $85 million in retention payments over the next two years and as much as $165 million in cash payable over the next three years, subject to certain financial targets. Double Down Interactive is developer of the DoubleDown Casino found on Facebook...read more

Should you play the multi-line slots – and if so, how?

It’s easy to follow the action on plain-vanilla single-line three-, four-, or five-reel slot machines. When the reels – physical or virtual – stop, you glance along the horizontal line across the middle of the window looking for winning combinations; these are generally multiple instances of identical symbols, such as three aardvarks, four duck-billed platypi, or five red-breasted nuthatches...read more

MGM Resorts trying to acquire land in Massachusetts

BOSTON, Massachusetts -- MGM Resorts International officially entered the race for a Massachusetts casino license on Thursday, signing a deal to acquire 150 acres in the town of Brimfield for a hotel-casino complex.The location, 65 miles west of Boston, is considered western Massachusetts, where one of three resort-style casino licenses authorized by the state last year would be located.Other companies expected to bid on the single license include Las Vegas-based regional gaming operator Ameristar Casinos and Penn National Gaming, which owns 25 racetrack casinos, regional casinos in 18 jurisdictions, and M Resort."When we decided to get actively involved in Massachusetts, we scoured the state for a location that would provide the rural setting that New Englanders want," said MGM Resorts Chairman Jim Murren, who grew up in neighboring Connecticut...read more

Deal Me In: The useful art of table and partner selection

Dear Mark: I am a relatively new/occasional blackjack player and once in a while a hand comes up that advanced players would double-down on. However, being a low-roller, I do not really want to put more money out. On two different occasions, a player (usually a man) will place his own money alongside mine since he said it is a good bet...read more

IGT acquires Double Down Interactive for $500 million

LAS VEGAS, Nevada -- International Game Technology has reached agreement to acquire Double Down Interactive, an online social gaming company, for $500 million, the Las Vegas-based company announced Thursday. Double Down Interactive is the developer of the DoubleDown Casino found on Facebook...read more

Ohio casinos delayed by up to two months

COLUMBUS, Ohio -- A licensing hang-up will delay the openings of two Ohio casinos by up to two months.One, in Cleveland, is half-owned and would be managed by Caesars Entertainment Corp.Ohio's Casino Control Commission has not completed the background checks on some 15 individuals with Penn National Gaming, which owns and will operate the Hollywood Casino Toledo, and with Caesars, which owns the Horseshoe Casino Cleveland with Rock Financial.The Horseshoe Cleveland was expected to open in March, followed by the April opening of the Hollywood Toledo...read more

MGM Resorts spokesman named chairman of NCRG

LAS VEGAS, Nevada -- MGM Resorts International Senior Vice President of Public Affairs Alan Feldman has been named chairman of the board for the National Center for Responsible Gaming. Feldman, the chief spokesman for MGM Resorts, has been on the Washington D.C.-based organization's board since 2000. The nonprofit group was founded as the affiliated charity of the American Gaming Association, the gaming industry's Capitol Hill-based trade organization and lobbyist. Feldman replaces Glenn Christenson, the former Station Casinos chief financial officer who is now managing director of Velstand Investments...read more

Moody's upgrades view on CityCenter

LAS VEGAS, Nevada -- CityCenter bonds are looking like a better bet, according to investment adviser Moody's.Moody's upgraded its view of CityCenter's roughly $1.5 billion of debt Monday, saying the prospects of increased visitation to Las Vegas this year helps the 67-acre, multiple development Strip complex.CityCenter Aria Resort & Casino , anchored by the 4,004-room Aria hotel-casino, is 50-50 owned by MGM Resorts International and Dubai World, the investment arm of the Persian Gulf emirate...read more