Featured Articles Archive - Page 410

Gaming stocks rebound in 2010

LAS VEGAS, Nevada -- Stock prices for publicly traded casino operators and slot machine manufacturers rebounded in 2010 following a disastrous 2009. Of the 10 gaming companies followed by Las Vegas-based financial consultant Applied Analysis, only slot machine giant International Game Technology saw its average daily stock price tumble...read more

Slot makers look for turnaround in 2011

LAS VEGAS, Nevada -- Slot machine makers have had a rough few years. The recession caused casino operators to hold back on buying new gambling equipment, sending sales revenues plunging for some of Nevada's leading gaming equipment manufacturers. Companies such as International Game Technology, Bally Technologies and WMS Industries relied on other means to boost overall revenues...read more

Analysts say recovery is coming for Vegas

LAS VEGAS, Nevada -- The gaming industry is entering uncharted waters in 2011. For the first time since 1989, the Strip will not witness a new hotel-casino opening nor are any new resort developments on the horizon. The unprecedented building boom that covered parts of three decades and remade the look and image of the 4-mile-long boulevard is over. It ended Dec...read more

Atlantic City sees small piece of good news

ATLANTIC CITY, New Jersey -- In the final days of 2010, Atlantic City casino operators received a smidgen of good news. Pennsylvania lawmakers want to take a casino license designated for Philadelphia and transfer it to another part of the state. The move would eliminate competition from one of Atlantic City's top feeder markets, located about an hour's drive northwest of the Boardwalk. In reality, the troubled casino project has little chance of being completed...read more

Macau gambling revenues rise 66 percent

MACAU -- Macau gaming revenues grew 66 percent in December and almost 58 percent for all of 2010. The Macau Gaming Inspection and Coordination Bureau announced this morning the market generated gross gaming revenues of 18.9 billion Patacas, which translated into roughly $2.4 billion in U.S...read more

Indian casino planned for Arizona

FLAGSTAFF, Arizona -- Las Vegas casinos may soon see competition about four hours to the east.The Bureau of Indian Affairs has signed final documents taking 405 acres of land into trust for the Navajo Nation about 20 miles outside Flagstaff, Ariz.The deal may pave way for construction of the $120 m...read more

Business is booming for MGM in Macau

MACAU -- In recent quarterly earnings, MGM Resorts International has touted increased business from its half-owned MGM Grand Macau joint venture.The MacauBusiness.com website reported the casino is now operating its full allotment of 427 table games...read more

Should blackjack players say "yes" to insurance when the gurus say "no"?

Anybody who indulges in casino blackjack is, or should be, aware of the cardinal rule never to take insurance. A reasonable fraction of bettors flout this fiat when they have blackjacks themselves; they reason in qualitative "utility" parlance that they prefer the certainty of even money to a gamble between a 1.5-to-1 payoff and a push...read more

Deal Me In: This buy is no bargain

Dear Mark: I was playing craps the other day at a casino in Pennsylvania. A player was making $30 bets on 5 and 9 and 'buying' them. I always thought you never buy numbers besides the 4 and 10 because the vig made buying those numbers worse then placing them...read more

The 'Naughty' Casino City Awards

The Casino City Gang (Dan Igo, Vin Narayanan and Aaron Todd) voted on the first-annual Casino City Awards this week. We published our nice list earlier this week. Here's who made our naughty list:10. Worst WSOP introduction – Emmitt SmithThe phrase "let's shuffle up and deal" is announced before play begins at the World Series of Poker...read more

The 'Naughty' Casino City Awards

The Casino City Gang (Dan Igo, Vin Narayanan and Aaron Todd) voted on the first-annual Casino City Awards this week. We published our nice list earlier this week. Here's who made our naughty list:10. Worst WSOP introduction – Emmitt SmithThe phrase "let's shuffle up and deal" is announced before play begins at the World Series of Poker...read more

The 'Naughty' Casino City Awards

The Casino City Gang (Dan Igo, Vin Narayanan and Aaron Todd) voted on the first-annual Casino City Awards this week. We published our nice list earlier this week. Here's who made our naughty list:10. Worst WSOP introduction – Emmitt SmithThe phrase "let's shuffle up and deal" is announced before play begins at the World Series of Poker...read more