Featured Articles Archive - Page 386

MGM Resorts will gain majority ownership of MGM Grand Macau

MACAU -- MGM Resorts International will gain majority ownership of the MGM Grand Macau in an agreement announced Wednesday with its joint venture partner.The change in ownership will take place once the company's initial public offering is listed on the Hong Kong Stock Exchange...read more

D.C. becomes first U.S. jurisdiction to regulate online poker; other states fold efforts

Poker players in the United States hoping to see legislation licensing and regulating their pastime on the Internet have been on quite a rollercoaster the past few weeks.Bills that would have regulated intrastate poker in New Jersey, Hawaii, Iowa and Florida have failed to materialize...read more

Slot makers see stock prices plunge

LAS VEGAS, Nevada -- A lower-than-expected quarterly earnings announcement by WMS Industries sent the stock prices of slot machine companies to large declines Tuesday morning. WMS, which said Monday its revenues and earnings per share would be far below projections, saw its stock price decline almost 16 percent this morning on New York Stock Exchange, down almost $6 a share. Rival slot machine maker International Game Technology was down 5.5 percent while Bally Technologies saw its share price decline about 2 percent...read more

Top-10 things that would have happened if the UIGEA never passed

It's been more than four years since the Unlawful Internet Gambling Enforcement Act (UIGEA) was signed into law, barring U.S. financial institutions from processing online gambling transactions.Since that time, Americans have continued to gamble online, while brick and mortar gaming companies and online gaming giants that left the U.S...read more

Nevada gaming revenues fall again

LAS VEGAS, Nevada -- February's gaming results never stood a chance.Statewide casino revenues dipped almost 7 percent during the month, which was Nevada's fourth straight monthly decline, according to figures released Friday by the Gaming Control Board.On the Strip, gaming revenues fell almost 9.6 percent in February, also the fourth month in a row the take from gamblers decreased.The reason?Making a comparison to the results in February 2010 was impossible.A year ago Strip gaming revenues soared almost 33 percent, the result of a record 255 percent increase in baccarat revenues that were fueled by the customer-rich Chinese New Year holiday and Super Bowl weekend...read more

WSOP to relive three memorable Main Event matches

LAS VEGAS, Nevada -- A made-for-television event will allow World Series of Poker fans to relive some the tournament’s most memorable heads-up moments.The tournament will re-stage three famous two-player Main Event finals, which will be filmed by ESPN and aired as part of its World Series of Poker coverage this summer.The initial match will take place on June 2 at the Rio All-Suite Hotel & Casino when Chris Moneymaker takes on Sammy Farha in a rematch of the famous 2003 World Series of Poker Main Event moment.Moneymaker, an unknown amateur who earned his $10,000 seat in the Main Event after qualifying for $39 through an online poker tournament, defeated Farha, a veteran professional, to win $2.5 million and help start the worldwide explosion in poker.The match is the first time Moneymaker and Farha have faced off since 2003.“Winning the World Series of Poker Main Event was a life-altering moment,” Moneymaker said in a statement...read more

Why are 12s Against 2- and 3-up at Blackjack so Perplexing?

Proficient blackjack buffs sometimes knowingly and rationally violate Basic Strategy. This might occur when the “correct” play is to double down or split a pair but the bettor doesn’t want or can’t afford to risk the extra money for these actions...read more

Deal Me In: You heard it right: Split 'em!

Dear Mark: A prime rule in blackjack is always split aces and 8s. I recently watched a player split aces against a dealer 7. He drew a 4 on one ace and a 3 on the other. The dealer showed 17, so both hands lost. Is one card all you get on each split card? If so, what is the advantage of splitting? Dave S...read more

Bluff names Harry Reid to its "Power 20"

LAS VEGAS, Nevada -- Bluff Magazine named its “Power 20” for poker in 2011.Not surprisingly, decorated professional poker player Howard Lederer, a fan-favorite and consultant to Internet poker companies was at the top of the list. Lederer is a vocal advocate for legalizing online poker.The No...read more

Top-10 betting games for baseball

At some point, most guys learn that going on a date to a baseball game is much safer play than going on a date to basketball or football game (unless the girl really likes those sports). At basketball and football games, there's a significant risk that -- outside of buying beer and snacks -- we'll ignore our dates and focus strictly on the game...read more