Featured Articles Archive - Page 390

Nevada legislators consider regulating intrastate online poker

Nevada state lawmakers will soon be discussing the merits of intrastate online poker.According to a report in the Las Vegas Sun, Assembly Minority Whip William Horne will be introducing a bill that would license and regulate the online poker industry soon.If the bill is submitted for consideration, Nevada would become the fifth state in the U.S...read more

Adelson: Sands will spend $21 billion in Spain

LAS VEGAS, Nevada -- Las Vegas Sands Corp. Chairman and Chief Executive Officer Sheldon Adelson put a dollar figure on what the casino operator would spend to build a gaming destination in Spain. $21 billion. Adelson told the El Mundo newspaper in Madrid the project would be a mini-version of the Las Vegas Strip and would include roughly a dozen hotel-casinos. The newspaper said the cost would constitute Spain's largest-ever privately built investment. But there is a catch. Adelson said the Spanish government needs to ease labor rules "Spain is the ideal country for it," Adelson told El Mundo...read more

Las Vegas Sands making quiet push for Florida casinos

LAS VEGAS, Nevada -- A proposal that could create five Las Vegas-style casinos in Florida's largest cities could lead to a $1 billion to $2 billion investment by Las Vegas Sands Corp., which is exploring a potential resort development in Miami.The casino operator has been working behind the scenes with Florida lawmakers on legislation that would create resorts with a hotel, gaming, convention space and other amenities.Florida media outlets said a bill is expected to be introduced in the state senate today when the Legislature convenes in its regular session...read more

Top-10 spring break gambling destinations

Spring break. It's as American as baseball and apple pie. Every year around this time, thousands upon thousands of students decide to take a week off from drinking and partying at college to drink and party on the beach or at the pool. But what happens if you want to gamble while you're drinking and partying? Considering I'm the only member of the Casino City editorial team who wouldn't be the creepy old guy at any of these destinations, here are my top-10 trips for the spring break gambler:10...read more

Caesars Palace to renovate hotel tower

LAS VEGAS, Nevada -- Caesars Palace will turn over one of the property's oldest hotel towers to Nobu Hospitality, which will renovate the 180-room building into a boutique hotel within the confines of the Strip resort.In a deal to be announced today, the Centurion Tower at Caesars will undergo a year-long transformation into the Nobu Hotel Las Vegas.The renovation will also include development of a Nobu-themed restaurant and lounge facility at the base of the hotel tower, encompassing 9,500 square feet near Caesars' Appian Way retail area.Caesars Palace will operate the hotel and employ the staff for Nobu Tower, which will include a separate check-in area and small lobby."Caesars has become a big campus," Caesars Palace President Gary Selesner said of the property that currently has 3,300 hotel rooms and suites...read more

How long do you have to wait for a hit?

Some casino aficionados believe that if they keep betting enough to cover previous losses, they'll do OK in the end. This philosophy works sufficiently often to tempt those who've tried it and triumphed, or heard of folks who have. But, realistically, what's the chance that chasing losses will be a path out of a hole, and what are the associated dangers and the penalties for failure? A well-known, praised and reviled, implementation of this notion is Martingale betting on even-money propositions...read more

Gambling and the Law: Cuba will have casinos, again

President Obama has just announced that he is easing restrictions on visits to Cuba; the second time he will be relaxing travel rules imposed on Americans by Pres. George W. Bush. Casual tourism is still difficult, but it will be much easier for students and teacher, religious groups and journalists to request permission to visit Cuba...read more

Pinnacle CFO announces resignation Friday

LAS VEGAS, Nevada -- The chief financial officer of Pinnacle Entertainment announced his resignation this morning and the regional casino operator said it would have a new person in place by March 31. In a statement, Las Vegas-based Pinnacle said Stephen Capp had resigned to pursue new opportunities...read more

Drama surrounds veto of New Jersey online gambling bill

Gov. Chris Christie has vetoed legislation that would have made New Jersey the first American state to license and regulate online gambling. The absolute veto came hours after it appeared only a conditional veto would happen. The legislation, which would have given Atlantic City casinos the ability to offer online gambling to New Jersey residents, passed the State Assembly by a 63-11-3 vote and the State Senate by a 35-2 vote in January. In a message to the Legislature explaining his veto, Christie said the online gambling bill violated the New Jersey Constitution. "The State Constitution explicitly requires casino gambling to be restricted to the territorial limits of Atlantic City," Christie wrote...read more

Iowa committee sends Internet poker bill to full Senate

The Iowa State Government Committee voted 9-6 in favor of a measure that would legalize and regulate intrastate Internet poker on Wednesday. The bill now awaits action from the full Senate.The bill's passage in committee came just one day before New Jersey Gov...read more