Featured Articles Archive - Page 383

U.S. Digital Gaming betting on regulated gambling

LAS VEGAS, Nevada -- U.S. Digital Gaming, a multimillion-dollar venture founded in 2009 by former Las Vegas casino executive Richard "Skip" Bronson, is looking for a few good companies to provide the services needed to run Internet gambling sites. Bronson and his company offer everything from software and legal services to licensing, marketing and advertising operations...read more

Deal Me In: Poaching or no foul?

Dear Mark: I sat down at a Caribbean stud poker game last week here in Canada. At the table was one other player and the dealer was ready to deal. I bought in and placed a $10 bet and the $1 bonus bet. I received four 3s and a king. The dealer qualified and I was paid $400 for the four-of-a-kind and $500 for the bonus...read more

Dennis Phillips considers himself a poker ambassador

LAS VEGAS, Nevada -- Dennis Phillips lost count of how many times poker fans have asked to see his championship bracelet from the 2008 World Series of Poker's Main Event.The trouble is Phillips didn't win the tournament. He finished third.With his trademark red St...read more

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