Featured Articles Archive - Page 404

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

Sands shares drop after probe is revealed

LAS VEGAS, Nevada -- A revelation that the U.S. Securities and Exchange Commission and the Department of Justice have opened investigations into Las Vegas Sands Corp. sent shares of the casino operator tumbling more than 6 percent Tuesday. The agencies have asked Las Vegas Sands, which operates casinos in Las Vegas, Pennsylvania, Macau and Singapore, to provide documents relating to its compliance with the Foreign Corrupt Practices Act. Wall Street analysts told investors the specter of the government investigations, whether or not they lead to any legal action, could weigh on the company's stock price and its future international growth potential. "While handicapping the end results of investigations of this sort are nearly impossible, we believe the headline risk will serve as an overhang on shares in the near term until more on the matter is known," Wells Fargo Securities gaming analyst Carlo Santarelli said. The company revealed Tuesday in its annual report filing with the SEC that government regulators filed a request for documents on Feb...read more

Like Aikman, Hellmuth snubbed by Dancing with the Stars execs

The cast for season 12 of "Dancing with the Stars" was revealed last night, and for those in the poker community, Phil Hellmuth's absence was notable, but also quite predictable.Hellmuth made the mistake of tweeting that he might be part of the cast in December...read more

Survivor star debuts table game in Vegas

LAS VEGAS, Nevada -- Rich Lemon, casino manager of table games at the Golden Nugget, has witnessed dozens of potential gambling concepts fall by the wayside.So when a developer walked into a meeting at the downtown hotel-casino last September "looking like Grizzly Adams wearing a tie-dye T-shirt," Lemon was naturally skeptical.The game creator, Rupert Boneham, is one of the best-known contestants to ever participate on the CBS reality television series "Survivor." Fans know him by his first name, his unkempt hair, his wild beard, his tie-dyed clothes and his oversized personality.Lemon's hesitancy quickly faded."Everybody was really excited about the meeting, but I had no idea who Rupert was," Lemon said...read more