Featured Articles Archive - Page 379

Station Casinos seeks control of Nevada casino

LAS VEGAS, Nevada -- Station Casinos Inc. today will ask a bankruptcy court judge in Reno to sign off on its plan to take control of Green Valley Ranch Resort, Spa and Casino.The Las Vegas-based gaming company last month filed a prepackaged Chapter 11 bankruptcy reorganization plan for Green Valley Ranch Resort and other joint ventures and subsidiaries as the company emerges from almost two years in bankruptcy.Station Casinos has said the filings are needed to complete the overall restructuring in which lenders and members of Station Casinos' founding Fertitta family are acquiring most of the properties out of bankruptcy.The new, postbankruptcy gaming company, Station Casinos LLC, will be owned by Deutsche Bank AG, JP Morgan, Fertitta Gaming and former bondholders.The Nevada Gaming Control Board and Nevada Gaming Commission will hold back-to-back hearings Thursday on relicensing of Station Casinos executives, along with approving plans for the company's 18 properties.Unsecured creditors of Green Valley Ranch Resort in Henderson, however, are challenging the sale...read more

Payment processor Quicktender suspends operations

QuickTender, a popular electronic wallet for online gaming affiliates, announced Wednesday it is halting operations.QuickTender announced the move on its website and e-mailed account holders about its decision."With regret, the Quicktender service has been discontinued," QuickTender said on its website...read more

Maloof hopes to keep NHL stars coming to Vegas

LAS VEGAS, Nevada -- Three years ago, The Palms Casino Resort owner George Maloof didn't know a slap shot from a faceoff.The National Hockey League then signed a deal with Las Vegas to make the off-Strip hotel-casino the center of the sport's universe for a few days in June.With the three-year agreement for the Palms to host the NHL Awards ceremony coming to an end, Maloof is hopeful the arrangement can be extended."It's been a great event for the Palms and a great event for the city," Maloof said of the program, which brings many of hockey's best players to Las Vegas for the awards program that is televised live throughout the United States and Canada.This year's event is scheduled for June 22 at the Palms' Pearl Concert Theater.Maloof counted on the awards program exposing the Palms to different markets...read more

Herbst Gaming announces name change

LAS VEGAS, Nevada -- Herbst Gaming is out and Affinity Gaming is in.Members of the founding Herbst family lost control of the company's casinos and slot machine route operation in December after a bankruptcy court-administered reorganization...read more

DOJ indicts more online gambling operators, seizes Doylesroom.com

Two businesses and three people were charged with money laundering and operating an illegal gambling business according to indictments unsealed today by U.S. Attorney Ron Rosenstein. As part of the indictment, ten domains were seized, including Doylesroom.com.A federal grand jury in Maryland returned the indictments on April 26...read more

Top-10 storylines at GiGSE

The one thing everyone at last week's Global iGaming Summit & Expo in San Francisco agreed upon is licensed and regulated online gambling is coming to the United States soon. Nobody could agree on when it would happen or where it would happen (federal or state)...read more

Culinary challenging UFC to rile Fertittas

Culinary Local 226 has used various venues in an unsuccessful quest over the years to unionize at least half of Station Casinos' 13,000 employees. Stepping into the Octagon, however, may not be the wisest move. The union, through the New York Hotel and Motel Trades Council, has squared off with Zuffa LLC, the Las Vegas-based owner of Ultimate Fighting Championship, a multibillion-dollar-a-year business. Station Casinos' founders Frank Fertitta III and Lorenzo Fertitta are Zuffa's majority owners...read more

IGT plays on hype of 'Hangover' with game

Maybe this way, it'll be easier to find Doug.The sequel to the popular "Hangover" movie is set to open nationwide next week, and gambling equipment giant International Game Technology is about to take advantage of the hype by unveiling its slot machine themed after the original hit film.Caesars Entertainment Corp...read more

Would bettors bust out if the house had no edge?

Everyone knows why solid citizens always lose to casinos. It’s because the house has an edge or advantage in the games. Of course, “always” losing applies to players collectively. Individuals may have rounds, sessions, visits, and even extended periods when gambling is lucrative...read more

Tunica casinos to reopen after flooding

Receding Mississippi River floodwaters are allowing casinos in Tunica, Miss., to get back to business.MGM Resorts International said Tuesday it would reopen the Gold Strike at 10 a.m. Wednesday.Caesars Entertainment plans to reopen two of its three casinos in Tunica by Friday...read more