Featured Articles Archive - Page 360

MGM CEO sees future in Asia, Internet

LAS VEGAS, Nevada -- MGM Resorts International may be one of the Strip's dominant casino operators, but the company's future growth is tied to two areas -- Asia and the Internet.Chairman and Chief Executive Officer Jim Murren told an audience at the Global Gaming Expo on Wednesday that the company is prepared to expand in both markets.MGM Resorts already operates one casino in Macau and has plans on the drawing board for a second resort...read more

Casinos reluctant to replace older slot machines

LAS VEGAS, Nevada -- If Patti Hart felt singled out, she didn't show it. The chief executive officer of slot machine giant International Game Technology had to endure a couple of body blows from her fellow panelists during a Global Gaming Expo round-table discussion Wednesday by female executives on the state of the industry and the economy. Casino operators expressed a continued reluctance to replace older slot machines with some newer games displayed in the G2E's trade show. Isle of Capri Casinos CEO Virginia McDowell, after telling the audience that "dysfunctional government in Washington D.C." continues to cause uncertainty among the nation's consumers and dampen spending, said slot machines were not in the regional gaming company's budget. "I can spend $200,000 on 10 new slot machines or renovating one of our casino's restaurants," McDowell said...read more

Nevada casino launches free play poker site

LAS VEGAS, Nevada -- The South Point Hotel Casino and Spa launched a free play Internet poker website Wednesday, but owner Michael Gaughan hopes it's just a beginning.Gaughan announced the website at a news conference at the Global Gaming Expo.People who wish to sign up can access the site at southpointcasino.com...read more

AGA develops 10 recommendations for regulations

LAS VEGAS, Nevada -- The casino industry's leading trade organization has developed 10 recommendations for streamlining the gaming regulatory process without minimizing the integrity of the system. In a media briefing Tuesday on the opening day of the Global Gaming Expo in Las Vegas, American Gaming Association President Frank Fahrenkopf Jr...read more

Heard it on the River: Madam Chief a first for Choctaws

Phyllis Anderson is a busy lady but finds time for three children, is stepmother to four more and grandmother to two. Now she has added to her workload and was inaugurated Tuesday as the first female chief of the proud Mississippi Band of Choctaws…an energetic and ambitious tribe that has carved out a thriving complex in the heart of the piney-hardwood forests of the southeast central region of the Magnolia State. She took her oath before the Tribal Council in a closed forum and later smiled and waved through a celebration parade on Highway 16 that runs through the middle of the reservation splitting its two large casinos, SilverStar and Golden Moon, where she later made her first address to the tribe and assembled guests. She ran on a platform to create harmony in the government and to lay a strong foundation for the next generation of Choctaws...read more

Heard it on the River: Myths part of the game

They come from far away with money in their pockets and stars in their eyes looking for the Golden Fleece. They wander up to a blackjack table a bit tentatively and slide into a seat after watching the play for awhile. Your suspicion is confirmed when they hold the cards they are dealt with both hands until the dealer points out the error of their play. Then the fun begins and the experienced players stetting at the table get a little uneasy…will this new guy screw up the game for them...read more

Galaxy Gaming acquires Prime Table Games

LAS VEGAS, Nevada -- The Global Gaming Expo is often a game of one-upmanship among gambling equipment suppliers that use the industry's largest annual gathering to roll out new products or make major corporate announcements. A Las Vegas-based table game company beat the big slot machine makers to the punch. Monday, on the eve of G2E, Galaxy Gaming announced it was acquiring British-based rival Prime Table Games for $23 million...read more

Top-10 moments in Full Tilt Poker history

It’s been a pretty tumultuous year for Full Tilt Poker. Once the second-largest online poker site in the world, Full Tilt has suffered a historic fall from grace. It lost its U.S. customer base, saw its license first suspended and later revoked, and now it has been sold to French investors.It’s hard to believe all this has happened in a period of less than six months...read more

Shuffle Master turns focus to the Internet

LAS VEGAS, Nevada -- The importance of Internet gaming at this year's Global Gaming Expo will quickly be noticed in the exhibition booth for Shuffle Master Inc. On display will be Shuffle Interactive, the Las Vegas-based company's newest division, which is creating Internet versions of Shuffle Master's proprietary table games such as Ultimate Texas Hold'em and Three Card Poker, for licensed use by online gaming websites outside of the United States. For Americans, Shuffle Master is creating free versions of the table games for social media and applications that can be downloaded and played on interactive platforms, such as tablets, smartphones and other devices. "It's about building brand awareness for those games," Shuffle Master Chief Executive Officer Gavin Isaacs said. For now, at least. Eventually, Isaacs hopes American gamblers will be able to play those games and other Shuffle Master products on Internet gambling websites in the U.S. Internet gaming and the potential for its federally approved legalization and regulation overshadows much of this year's G2E, which runs Tuesday through Thursday at the Sands Expo and Convention Center...read more

French company to purchase Full Tilt Poker

Full Tilt Poker announced Friday that Groupe Bernard Tapie has agreed to purchase the troubled online poker room and its assets.The development comes only one day after Full Tilt's gambling license was revoked by the Alderney Gambling Control Commission.In a news release posted on PokerStrategy.com, Full Tilt says that a deal between itself and the French company "includes the repayment of Full Tilt Poker’s world-wide players in full."The deal is contingent on a "favorable resolution with the United States Department of Justice," according to the release...read more