Featured Articles Archive - Page 368

Indian tribes want major role in online gaming process

One thing was certain after Thursday's hearing on online gaming in the Committee on Indian Affairs in Washington D.C.: Indian tribes want to have a major role in any legislative and regulatory discussion.The Senate Committee on Indian Affairs heard arguments from both proponents and opponents of regulated online gambling, including representatives of two Indian tribes who have different stances on the issue.Bruce Bozsum, chairman of the Mohegan Tribe, said that Internet gaming is of "critical importance" to his people...read more

Report: French group finalizes deal to buy Full Tilt

Groupe Bernard Tapie (GBT) may have finalized a deal to purchase Full Tilt Poker, according to a report published by Yahoo and CNNMoney.com.The story contained a note at the beginning, noting that it should be embargoed (i.e., not published) until one of the reporters who wrote the story received final clearance from a lawyer with GBT...read more

Caesars Entertainment begins IPO process

LAS VEGAS, Nevada -- Caesars Entertainment Corp. on Tuesday restarted the company's plans for an initial public stock offering, but at about 10 percent of what the casino operator hoped to raise when it canceled the idea nearly a year ago.In a filing with the Securities and Exchange Commission, Caesars said its looking to raise up to $50 million by selling shares of the company, which operates 10 resorts on or near the Strip including Caesars Palace, Harrah's Las Vegas Casino & Hotel, Bally's, Flamingo Las Vegas, Planet Hollywood Resort & Casino and the Rio All-Suite Hotel & Casino.A year ago, Caesars planned to raise as much as $532 million before it pulled its IPO, citing market conditions.According to the company's prospectus, the $50 million figure is subject to change as managers of the IPO gauge investor interest.A Caesars spokesman declined to comment beyond the filing with the SEC...read more

States' rights and fragmented Internet gambling markets

In America, each of the 50 states decides its own unique restraints on gambling. Nevada has hundreds of casinos and even sportsbooks, but Utah permits no gambling whatsoever. Theoretically, the social values of the people determine each state’s regulatory choices...read more

Top-10 hands from the WSOP November Nine

The World Series of Poker Main Event concluded play last week in Las Vegas, with Pius Heinz becoming the first world champion from Germany and taking home the $8.7 million first-place prize.For the first time, every hand of the final table was shown on a 15-minute delay on the ESPN family of networks...read more

Internet key for American poker players

LAS VEGAS, Nevada -- For a brief moment at last week's World Series of Poker finale, the game's past and future shared the stage at the Rio.Doyle Brunson, poker's 78-year-old patriarch, received a warm ovation as he took part in the night's Poker Hall of Fame induction ceremonies.As the festivities ended and the final three players for the Main Event took their seats, Brunson passed 22-year-old German college student Pius Heinz...read more

Is it preferable to spread or concentrate your bets at craps?

Losing in the casino is bad.. A close second at craps, frustration-wise, is waiting and not winning while everyone else is racking up the chips on dice totals you haven’t covered. Which is why most titans of the tables put money on multiple, complementary propositions at the same time...read more

Deal Me In: Courtesy hold while the lady powders her nose

Dear Mark: I have read your column religiously for years now and have a question for you that I have not seen before. What is a player supposed to do if they want to take a bathroom break yet still want to play on the same slot machine when they return? Before, I put a coin cup over the slot handle, but handles do not exist on many of today’s machines...read more

IGT profits soar due to higher machine sales

LAS VEGAS, Nevada -- International Gaming Technology reported Tuesday that fourth-quarter profits more than doubled from a year ago, boosted by higher machine sales in North America and increases in international gaming operations. For the three months ended Sept...read more

Caesars chairman bullish on online poker

LAS VEGAS, Nevada -- Caesars Entertainment Corp. Chairman Gary Loveman has a message for his Strip colleagues who have recently embraced Internet poker and want Congress to legalize the activity: Welcome to the party. During the company's third-quarter earnings conference call with analysts, Loveman said Caesars was first in support of Internet poker legalization. The company, which operates 10 resorts on and near the Strip and more than 50 properties worldwide, owns the lucrative World Series of Poker brand. Through a partnership with British-based 888 Holdings, Caesars operates Internet gaming sites in the United Kingdom, Italy and France. Loveman said Caesars would be ready if Congress passes a bill that legalizes Internet poker and sets up a regulatory process. Loveman also said the potential for revenues from a U.S...read more