Featured Articles Archive - Page 399

For the same money at risk, should you concentrate or spread out your bets?

Doris and Horace enjoy shooting craps. They both start on the Pass line then make Place bets to cover additional numbers. Their Place strategies differ, however. Doris bets $10 on four or five, or $12 on six; Horace spreads $5 each over four and 10 or five and nine, or $6 each over six and eight...read more

Gaming and the Law: Federal Poker Indictments -- Revisiting Prohibition

The timing is suspicious. March saw Nevada regulators approving a partnership between Caesars and 888, and Wynn announcing a joint venture with PokerStars. Now comes the indictments, three-billion-dollar civil suit and seizures of domain names by the feds...read more

News analysis: DOJ has online poker figured out

Within the online gambling industry, one of the prevailing beliefs was that the U.S. Department of Justice couldn't keep up with payment processors. As fast the DOJ shut them down, new ones would spring up to replace them, and online poker rooms would continue to operate in the U.S...read more

The day online poker died

Senate Majority Leader Harry Reid (D-Nev.) told Steve Wynn that online poker was "as American as apple pie" in an effort to convince the casino mogul that he should be in favor of regulating the game.If that's the case, April 15, 2011, may be remembered as the day that online poker died.So bye, bye, Miss American Pie.Took my gutshot to the river, but the river was dry.The United States Attorney for the Southern District of New York unsealed an indictment Friday morning charging 11 people, including the owners of PokerStars, Full Tilt Poker and Absolute Poker, with bank fraud, money laundering and illegal gambling offenses...read more

DOJ indicts founders of three major U.S. online poker operators

The Department of Justice has indicted the founders of PokerStars, Full Tilt Poker and Absolute Poker on charges of bank fraud, money laundering, illegal gambling offenses and violating the Unlawful Internet Gambling Enforcement Act (UIGEA).In the indictment unsealed today, the DOJ seized five Internet domains and issued restraining orders against approximately 76 bank accounts in 14 countries...read more

Deal Me In: Getting more decisions per hour isn't necessarily a good thing

Dear Mark: What are your thoughts of betting multiple hands at blackjack? I do it now and again to change the flow of cards on the game, especially on the automatic shufflers. Cal F. There is no mathematical footing, Cal, for this misleading notion that by switching from one spot to two, you will "change the flow of cards," and that by so doing you will change your luck on the table...read more

Isle of Capri awarded Pennsylvania gaming license

HARRISBURG, Pennsylvania -- Regional gaming operator Isle of Capri Casinos was awarded Pennsylvania's final gaming license Thursday by the state's gaming regulators.The St. Louis-based company will build the Lady Luck Nemacolin at Nemacolin Woodlands Resort in Fayette County...read more

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