Featured Articles Archive - Page 381

More than 1,500 pay tribute to Lanni at memorial

SOUTH PASADENA, California -- Longtime gaming industry figure Terry Lanni was remembered in a memorial service Friday in South Pasadena, Calif., that was attended by more than 1,500 family, friends, business associates and admirers. Lanni, 68, who died of cancer on July 14, spent 18 years as the president of Caesars World...read more

MGM Resorts wants more time to sell Borgata stake

ATLANTIC CITY, New Jersey -- MGM Resorts International is seeking additional time to sell its 50 percent stake in Atlantic City's Borgata Hotel Casino and Spa as part of a settlement agreement reached with New Jersey gaming authorities for the company to divest itself from the East Coast casino market.In a statement Friday, the company said it wants to add 18 months to the agreement that was reached in March 2010...read more

M Resort sees jump in earnings

LAS VEGAS, Nevada -- So how well are things going at M Resort since the hotel-casino was acquired by Penn National Gaming?Executives from the Wyomissing, Pa.-based casino operator plan to travel to Las Vegas in October for the Global Gaming Expo and wanted to stay at the 390-room hotel-casino that officially became part of the company in June.But it's booked."Unfortunately we can't get in, so we've had to go elsewhere," Penn National Chairman and Chief Executive Officer Peter Carlino said Thursday during a conference call to discuss the company's second-quarter earnings."(The property is) doing particularly well in the group segment," Carlino said.Penn executives discussed results at M Resort more extensively than they had in past earnings reports since the company now has full control of the hotel-casino...read more

WSOP Main Event final table has European flavor

LAS VEGAS - The final table for the World Series of Poker Main Event is set and the Europeans are coming. The Czech Republic's Martin Staszko is the tournament's chip leader with 40.175 million in chips. And he leads a contingent of five Europeans to the final table...read more

Bally wins contract for Golden Nugget Atlantic City

ATLANTIC CITY, Nevada -- Slot machine maker Bally Technologies picked up the systems contract for the rebranded Golden Nugget Atlantic City, the company announced Tuesday.The deal is one of several contracts the Las Vegas-based company has announced in recent weeks for slot machine and casino management systems...read more

Gaming Hall of Fame inductees include Adelson, Blue Man Group

LAS VEGAS, Nevada -- Las Vegas Sands Corp. Chairman Sheldon Adelson, Strip headliners the Blue Man Group and celebrity chef Charlie Palmer are the 2011 inductees to the Gaming Hall of Fame, the American Gaming Association announced Monday.The inductees will be honored Nov...read more

Wynn Resorts sees major jump in profits

LAS VEGAS, Nevada -- Casino operator Wynn Resorts Ltd. continued to benefit from its casinos in Macau, and a rebound in Las Vegas as double-digit increases in revenues across the board helped the company more than double its second-quarter profit.Wynn Resorts on Monday reported earnings of $122 million, or 97 cents a share, in the three months ended June 30, up from $52.4 million, or 42 cents a share, a year earlier.On an adjusted basis, eliminating special charges, the Las Vegas-based company would have earned $200.8 million, or $1.60 a share, up from $64.9 million, or 52 cents.Revenue rose 32 percent to $1.36 billion from $1.03 billion...read more

WSOP Main Event down to 22 players

LAS VEGAS -- And then there were 22. The World Series of Poker Main Event played itself down from 57 players to 22 Monday, and Anton Makiievskyi emerged as the chip leader with 21.045 million.The final 22 will attempt to play their way into November's final table Tuesday...read more

Gambling and the Law: The Reid-Kyl letter on Internet gambling

Leaders of the Democratic and Republican Parties in the Senate have sent the U.S. Attorney General a letter demanding that the Justice Department do something about Internet gambling. What, exactly, is up to the reader. This Rorschach inkblot test of a letter allows proponents and opponents to project their hopes and wishes on whether the federal government will ever do anything, other than make a few showy arrests, about online gaming. The fact that the authors could agree on even a letter is itself amazing...read more

Top-10 things to look for in ESPN's live WSOP coverage

For the first time in World Series of Poker history, viewers can watch Main Event play as it happens if they have access to the Internet or ESPN2. (Technically, the broadcasts are on a five- and 30-minute delay, respectively, but no editing is done to cut out the less interesting hands.)There have been dozens of hours of live action poker available for viewing in this new (at least for ESPN) live format...read more