Featured Articles Archive - Page 363

Shuffler Master's net income jumps 71 percent

LAS VEGAS, Nevada -- Gaming equipment provider Shuffle Master Inc. grew its net income 71 percent in the fourth quarter, thanks partly to increased revenues from leasing casino products and the sale of electronic table games to racetrack casinos in New York. Shuffle Master, which is based in Las Vegas, on Tuesday reported net income of $9.7 million, or 18 cents per share, in the quarter ended Oct...read more

Absolute Poker founder pleads guilty to bank fraud and money laundering

Absolute Poker co-founder Brent Beckley entered a guilty plea today in response to charges of bank fraud, money laundering, illegal gambling offenses and violating the Unlawful Internet Gambling Enforcement Act (UIGEA) filed by the Department of Justice on April 15.Under the terms of the deal, Beckley pled guilty to one count of bank fraud and wire fraud and one count of conspiracy to engage in unlawful Internet gambling...read more

Analysts see promise in IGT

LAS VEGAS, Nevada -- Even before hosting an event for stock analysts in New York City on Dec. 14, praise had poured in for slot machine giant International Game Technology. "We believe (IGT) will likely outperform over the next year driven by improved game content, a significant pickup in new and expansionary U.S...read more

Klodnicki wins third Epic Poker League Main Event

LAS VEGAS, Nevada -- Professional poker player Chris Klodnicki of Philadelphia captured the third Epic Poker League Main Event Sunday night at The Palms Casino Resort, taking home $801,680.Klodnicki, who has been playing professionally since 2003, defeated Andrew Lichteberger of East Northport, N.Y., to also earn the champion's ring and a seat in the season-ending $1 million Epic Poker League Championship Freeroll, which is open to the 27 players with the highest earnings in the four regular season Epic Poker League Main Events.Lichteberger, who won $514,480 as the runner-up in the Main Event, also earned a seat."It was a trip getting through this Main Event which had a really tough field," said Klodnicki, who pushed his career tournament poker earnings to more than $2.8 million.The final table of the third Epic Poker League Main Event featured Joe Tehan, Scott Clements, Lichtenberger and Michael "the Grinder" Mizrachi alongside Klodnicki.The next Epic Poker League Main Event takes place Feb...read more

Top-10 reasons to visit the new Venetian sportsbook

For years, my favorite sportsbook in Las Vegas has been at the Wynn Las Vegas. Johnny Avello, the executive director of race and sports operations, is the best sports book operator around. He sets some of the best odds in the business -- and yes, he's the one setting the odds...read more

Why you can't judge a slot machine by its belly glass

Gambling at a slot machine is a venture into terra incognita. The only map you have is a list of amounts paid for the various winning combinations, as delineated on what’s traditionally called the belly glass. You get no clues about the associated chances...read more

Caesars Palace not worried about adding more rooms

LAS VEGAS, Nevada -- Adding 668 rooms to what many analysts have called a saturated hotel market isn't worrying Caesars Palace officials.The new rooms in the Strip resort's Octavius Tower, which open Jan. 2, allow hotel officials to charge a premium rate for both standard units and one-bedroom suites throughout the year."These rooms are considered upgrades from some of the other towers on the property," said Stephen Thayer, hotel operations director for Caesars Palace.A check with the hotel's reservation department Wednesday shows a rate of $589 for a standard 550-square-foot room in Octavius Tower for Saturday, Jan...read more

Bodog moves U.S. players to Bovada

American online gamblers can no longer gamble on Bodog, as of Wednesday morning.Players accessing Bodog.eu from the United States find a note stating, "Access to this site is not available from your current location. The Morris Mohawk Gaming Group no longer offers its services under license from the Bodog Brand...read more

Analysts hopeful 2012 can be bridge year for casino industry

LAS VEGAS, Nevada -- Let's dispense with the preliminaries.Macau, the world's largest gaming market, shows no signs of slowing in 2012.Through November, Macau casinos have collected $30.5 billion in gaming revenues, up 44 percent compared with the first 11 months of 2010.In fact, most prognosticators suspect that a year from now the gaming revenues produced by Macau's 34 casinos will increase anywhere from 15 percent to 25 percent and will eclipse the gaming revenues collected by the entire 21-state U.S...read more

Big names dropping big cash for 2012 WSOP tournament

LAS VEGAS, Nevada -- A casino owner, the head of CityCenter Aria Resort & Casino , the founder of Cirque du Soleil and several top professional poker players will lead the field in what is expected to be the largest buy-in bracelet event in World Series of Poker history.So far, 22 players have committed to each pay a $1 million entry fee to compete in the Big One for One Drop, a three-day tournament planned for July 1-3 as part of the 2012 World Series of Poker at the Rio All-Suite Hotel & Casino.A portion of the entry will go toward One Drop, an initiative developed by Cirque du Soleil founder Guy Laliberté as a nongovernmental organization established to fight poverty by supporting access to water and raising awareness of water-related issues.When the tournament was announced during the 2011 World Series of Poker, Laliberté, Treasure Island owner Phil Ruffin and CityCenter Chief Executive Officer Bobby Baldwin -- who is the 1978 World Series of Poker of champion -- committed to participate.Since then, 10-time World Series of Poker bracelet winner and two-time World Series of Poker champion Johnny Chan, and noted poker professionals Patrik Antonius, Gus Hansen, Daniel Negreanu, Tom Dwan and Bertrand Grospellier all committed to participate.During the final table at this year's Main Event, 2010 World Series of Poker champion Jonathan Duhamel, who also serves as a spokesman for One Drop, agreed to play and plans to donate 5 percent of his winning to the charity."$1 million is a lot of money but my participation comes naturally," Duhamel said...read more