Featured Articles Archive - Page 371

William Hill fires seven managers, resumes online operations in Israel

William Hill has fired seven senior managers of its online operations and the company is back to business as usual after remaining employees returned to work earlier this week, according to multiple media reports."The group can now confirm that normal operations have resumed and that William Hill Online remains committed to its operation in Tel Aviv," the company said in a statement.The Telegraph is reporting that Ralph Topping, William Hill's chief executive, fired the managers after ex-Israeli intelligence officers "found plans for a rival business and that a rabbi, fish feeder and hairdresser were on the books."William Hill has reportedly agreed to pay £2 million in severance to dismissed staff...read more

Competition expected to be fierce for Mass. gaming license

LAS VEGAS, Nevada -- Caesars Entertainment Corp. Chairman Gary Loveman served as an associate professor at the Harvard University Graduate School of Business Administration, holds a doctorate in economics from the Massachusetts Institute of Technology, is involved in several Boston-area charities, and lives most of the time in Massachusetts.And, he owns a small percentage of the National Basketball Association's Boston Celtics.Loveman's background leads to a question being batted about among the investment community: Are his Bay State connections enough to win Caesars Entertainment the license to operate one of three resort-style casinos expected to be approved in Massachusetts?Analysts said the state would be one the most highly sought-after gaming markets in recent history.Union Gaming Group Principal Bill Lerner told investors that a single Las Vegas-style casino in metropolitan Boston could generate up to $1.5 billion annually in gaming revenue...read more

Internet poker hearing focuses on player protections, underage players

Members of the House Subcommittee on Commerce, Manufacturing and Trade, during a hearing on the Internet poker industry on Tuesday morning, expressed their concern regarding the ability of a regulatory agency to provide player protections and keep underage players from gaining access to online poker sites.Rep...read more

Top-10 scary things you might see in a casino

About a year ago, I was at Foxwoods Resort Casino & MGM Grand at Foxwoods with Vin Narayanan to cover the World Poker Finals.After grabbing a quick bite for dinner, Vin and I walked from the food court back to the poker room. It was almost Halloween, so I wasn't surprised to see a stone gargoyle in the corridor...read more

Maryland governor wants online poker off federal agenda

ANNAPOLIS, Maryland -- Maryland's governor is asking Washington D.C., lawmakers to take the proposed legalization of Internet poker off the discussion table because he fears online gambling could destroy his state's lottery.In a letter to Sen...read more

How does edge affect your chance of winning at roulette?

The chance a roulette wager will win or lose on any round is determined solely by the number of positions on the wheel and how many of them are covered by the bet. Money “straight-up,” on one spot, at a 38-position double-zero table has one way to win and 37 to lose, so the odds to be overcome are 37-to-1...read more

American wins WSOP Europe Main Event title

CANNES, France -- American poker professional Elio Fox had to go to Cannes, France, to win his first World Series of Poker championship bracelet.Fox, 25, from New York City, captured the Main Event in the World Series of Poker Europe on Thursday, topping a field of 593 players in the no-limit hold’em tournament and earning more than $1.9 million.Prior to winning the Main Event, Fox had relative small success on the live poker circuit...read more

Newsweek names MGM Resorts a top green company

LAS VEGAS, Nevada -- MGM Resorts International was listed among Newsweek magazine's 500 most environmentally responsible companies in the United States. The honor marked the second consecutive year the casino operator made the list. MGM Resorts was the highest ranking company among casino operators and was ranked as the third most highly rated hotel company on the list. Newsweek's rankings were produced with two environmental research firms, Trucost and Sustainalytics...read more

Deal Me In: The sticky thing about your gambling timeline

Dear Mark: Even when I get decent hands at blackjack, I can never seem to get ahead. My high teen hands (17s -19s) can’t beat a hot dealer who gets more than their fair share of 20s, or their uncanny ability of drawing to it. Help! Bill W.Suppose I decided to open up a casino, Bill, fittingly calling it, Pilarski’s Grind Joint...read more

Penn National reports high profits

WYOMISSING, Pennsylvania -- M Resort owner Penn National Gaming told investors Thursday the locals gaming market is growing increasingly more competitive, especially with Station Casinos emerging from bankruptcy earlier this year.In a conference call with analysts and investors to announce the company's third quarter earnings, Penn executives reflected on an increase in business they have seen at M Resort...read more