Featured Articles Archive - Page 368

Ferris wheel plans still spinning in Vegas

LAS VEGAS, Nevada -- The question over competing giant Ferris wheel-type projects on the Strip comes down to who has all their bearings.At least, that's what developer Howard Bulloch says.Bulloch, who is behind the Skyvue development on the south end of the Strip across from Mandalay Bay Resort & Casino, said he has acquired the two giant 23,000-pound bearings needed to operate a 500-foot tall London Eye-style wheel that is the centerpiece of the project...read more

Illinois, Massachusetts mull gambling proposals

SPRINGFIELD, Illinois -- Illinois Gov. Pat Quinn has still not decided what he will do with a gaming bill that could massively expand gambling throughout the state. Meanwhile, in Massachusetts a casino developer said he’s launching a ballot initiative campaign for the 2012 election that would legalize three casinos in the state. Illinois and Massachusetts are the two most active gaming expansion markets currently in play. Quinn told media outlets in Illinois on Wednesday he hadn't made up his mind about the bill that was approved by state lawmakers in June...read more

Macau gaming revenues hit $3 billion mark

MACAU -- Macau casino operators had a near-record month in July for gaming revenues, helped by the opening of the Galaxy Macau in May.Casino authorities in Macau said Monday that gaming revenues grew 48.4 percent in July, hitting the $3 billion mark for just the second time.Macau said the 24.2 billion patacas produced in July by the region's 34 casinos fell just below May's all-time record of 24.3 billion patacas...read more

Top-10 World Series of Poker moments

Many poker pundits predicted the World Series of Poker would suffer a major fall from grace after the Black Friday indictments of April 15. But it never happened. In fact, this year's WSOP was a smashing success with a record 75,672 entries in 58 events creating a record prize pool of $191,999,010.The WSOP is not over yet...read more

Caesars pays out $7.75 million in executive bonuses

LAS VEGAS, Nevada -- Caesars Entertainment Corp. paid out $7.75 million in bonuses to key executives for their efforts in slicing more than $100 million in company costs. The largest payment was $1 million to Caesars Chairman and Chief Executive Officer Gary Loveman. In a Thursday filing with the U.S...read more

Deal Me In: Blackjack comps 101

Dear Mark: Does the casino look at my skill level at blackjack when awarding comps, or, how much money I actually bet? Jan D. Every casino makes use of some formula to determine how much the player’s action is worth to it. To be eligible for the goodies, you must bet a certain amount, for a certain period of time, and then your RFB’s (room, food and beverage) calculation is based on what you are probably going to lose.The method typically used assumes your average bet, guesstimating your hours of play, speed of the game, and the casino advantage...read more

Wynn sets sights on Singapore

SINGAPORE -- It took awhile, but Singapore finally caught the attention of Steve Wynn.It's hard not to notice the tiny island-nation.Singapore's two casinos are poised to pass Las Vegas as the world's No. 2 gaming destination less than two years after gaming began.If you want further proof, just look at the results posted by Marina Bay Sands in the second quarter.Last week, parent company Las Vegas Sands Corp...read more

Gaming stocks up despite debt ceiling concerns

LAS VEGAS, Nevada -- What debt ceiling? Gaming industry stocks seemed to be shielded from concern about raising the federal debt ceiling, an issue that has made investors in other sectors somewhat skittish. Nine of the 10 gaming industry stocks followed by Las Vegas-based financial consultant Applied Analysis showed increases in their average daily share prices during July, including doubled-digit jumps by casino operators MGM Resorts International, Las Vegas Sands Corp...read more

Do you discount the significance of the come-out roll at craps?

Most craps aficionados bet on Pass or Don’t Pass during the come-out phase of a hand. They go through the come-out roll but give it short shrift, thinking it’s mainly means for establishing the point. Focus is on the rolls that follow, until the shooter repeats the point or sevens-out. Three primary factors account for this attitude...read more

Alderney gives Full Tilt more time

A substantive hearing regarding the future of Full Tilt Poker's gaming license has been delayed to allow Full Tilt “to further pursue advanced commercial negotiations which could lead to a more beneficial outcome for player interests,” the Alderney Gambling Control Commission (AGCC) announced Wednesday...read more