Featured Articles Archive - Page 413

Shuffle Master board member resigns

LAS VEGAS, Nevada -- Shuffle Master Gaming's former Interim Chief Executive Officer Phillip Peckman resigned his seat on the company's board of directors last week. Peckman had been a member of the Las Vegas-based company's board June 2007, including serving as interim chairman...read more

Gaming industry criticizes "60 Minutes" report

LAS VEGAS, Nevada -- Gaming industry proponents on Monday poked holes in a report by the CBS news program "60 Minutes" that claimed high-tech slot machines create problem gamblers while cash-strapped states prey on those individuals to provide the gambling revenues needed to close budget deficits.The segment, titled "Slot Machines: The Big Gamble," aired Sunday night...read more

Do you know when to quit a casino session?

Casino aficionados routinely accept risks on series of adverse wagers they wouldn't consider as isolated bets. The casino and isolated cases differ in that the former involve cumulative effects players think can be profitable if they know when to quit...read more

New Jersey Legislature approves online gambling bill

The New Jersey Assembly voted 63-11 to allow Atlantic City casino operators to offer online gambling to New Jersey residents. The bill, passed the New Jersey Senate 29-5 in November, and is headed to the Gov. Chris Christie's desk for his signature...read more

Vin's 2011 gambling to-do list

2010 was a great year for my gambling to-do list. I visited and stayed at Aria (Las Vegas), Foxwoods (Connecticut) and Mohegan Sun (Connecticut) for the first time. I played poker outdoors in a bar overlooking the Danube in Budapest and in a poker tournament in a Prague card room...read more

Analysts say Pinnacle Entertainment poised for solid year

LAS VEGAS, Nevada -- Pinnacle Entertainment collected its share of headlines in 2010. Wall Street believes the Las Vegas-based regional casino operator will cultivate investor interest again in 2011. Several analysts made Pinnacle their top stock pick this year...read more

Deal Me In: A New Year's brush-up on some fine points

Dear Mark: I normally play a nickel or a quarter on video keno. It seems players who play for a larger amount like a dollar on the same machine always seem to hit big. Does the denomination of money make a difference or is it the selection of numbers that affects winning? I am still trying to figure this game out! Lori M.To the second portion of your question, Lori, "Does the selection of numbers affect winning?" the answer is YES as to the number of spots played, but NO as to which number will appear.Video keno operates using microprocessor technology and randomized sequencing...read more

Nevada casinos opposing new fee plans

LAS VEGAS, Nevada -- A renewed interest in having Nevada's casino industry pay for regulating and enforcing state gaming laws is being met with the same reaction witnessed nearly a year ago. There isn't much support for a proposal that would raise $28.7 million annually through additional fees. "This is in effect a different way to create a new tax on the gaming industry," said Alan Feldman, senior vice president of public affairs for MGM Resorts International...read more

Analyst encouraged by positive start to 2011

LAS VEGAS, Nevada -- January is the time everyone weighs in with prognostications for the upcoming year. Wall Street is no different. MorganJoseph gaming analyst Justin Sebastiano said he was encouraged by what he heard from his casino industry contacts about the recent New Year's Eve celebration. "Despite the treacherous winter weather that buried parts of the country in December, New Year's Eve was likely strong enough for U.S...read more

World Series of Poker to halt all-nighters

LAS VEGAS, Nevada -- The idea of the all-night poker game is waning for the early events in the 2011 World Series of Poker.Caesars Entertainment Corp. announced recently that the 42nd World Series of Poker will begin May 31 and run through July 19 at the Rio.The entire schedule, including events, dates, times, and buy-ins, will be released later this month.The one change in the tournament will be the addition of hard stop times for all bracelet events.Players will compete in a maximum of 10 wagering levels per day.Once 10 levels are completed, remaining players will have their chips bagged and tagged and return the next day to continue on in the tournament...read more