Featured Articles Archive - Page 367

PokerStars awards $70,000 to controversial winner in 70 billionth hand promotion

PokerStars executives were probably looking forward to the positive PR the company would be getting out of announcing the winners of its 70 billionth hand promotion. Little did they know that the world's largest poker room would be facing controversy and an outcry from players on the site who feel like the winners gamed the system.The winner of the hand would earn $70,000, plus a little extra bonus cash depending on the number of VPPs earned in the previous 50 hands...read more

MGM Resorts says Las Vegas properties are recovering

LAS VEGAS, Nevada -- MGM Resorts International said Thursday its 10 Strip casinos are showing signs of recovery.As part of the company’s third quarter earnings announcement Thursday, MGM Resorts said revenue per available room grew 13 percent in the quarter at the company’s 10 Strip resorts, including Bellagio, MGM Grand Las Vegas and the CityCenter complex...read more

Deal Me In: Bad beat for the book

Dear Mark: With all football games now going into overtime instead of settling in a tie, does that help the house or the player? John P.At the outset, John, my response would be neither, in that once the line is set, a skilled bookmaker continually tweaks the line to get equal amounts wagered on both teams to assure the casino its profit.However, some of these overtime games are creating some big totals...read more

Macau gaming revenues hit record in October

MACAU -- Macau's gaming revenues soared to a new single-month record in October, fueled by the Chinese holiday of Golden Week. The Macau Gaming Inspection and Coordination Bureau said Tuesday that casino operators collected gaming revenues of 26.9 billion patacas, or $3.36 billion...read more

Report: Groupe Bernard Tapie reaches deal with DOJ

Groupe Bernard Tapie has reached an agreement with the U.S. Department of Justice that will allow the French company's purchase of Full Tilt Poker to continue, according to SubjectPoker.com. The deal is subject to approval by the shareholders of Full Tilt...read more

MGM, Boyd Gaming to form company with bwin.Party

MGM Resorts International and Boyd Gaming are forming a new company with European online gambling giant bwin.party to offer online poker in the United States when it is regulated by the government.Boyd announced today that it would own 10 percent of the joint venture...read more

Top-10 WSOP dream bets

The final table of the World Series of Poker's Main Event is set to begin in less than a week, and after more than three months of waiting and anticipation, this year's champion will finally be crowned. While the players have likely been scouting their opponents and looking for ways to gain an edge during the past few months, another group of people has been scouting the field, too, hoping they can handicap the field and beat Vegas oddsmakers.For the first time, Nevada sportsbooks have been cleared to take prop bets on the WSOP Main Event...read more

Mississippi casino holding $20,000 blackjack tournament

Cash is king and VP Adolph Lepre knows that and to that end has cooked up a $20,000 guaranteed cash first place pot for Fitzgeralds Casino Hotel - Tunica's Mississippi’s Hot Hands blackjack tournament that is now on us, this Thursday and Friday (Nov...read more

Trump pushing for Internet poker regulation

LAS VEGAS, Nevada -- Proponents of Internet poker legalization gained a high-profile ally 10 days ago. Billionaire real estate developer Donald Trump partnered with a New York hedge fund and announced plans to launch a gambling website bearing his famous name once Congress legalizes and regulates the activity. "Internet gaming makes total sense," Trump said, wanting to keep Americans' gambling dollars within U.S...read more

Why slots that look identical may differ greatly

Everyone knows, or should know, the returns for bets they make in the casinos. On propositions that win, lose, or push, earnings are fixed multiples of the money at risk. On those with diverse possible outcomes, such as video poker hands or reel-type slot machine symbol alignments, returns follow predetermined schedules based on results obtained. But payoffs aren’t the whole story...read more