Featured Articles Archive - Page 423

Deal Me In: That skinny path on the up-and-up

Dear Mark: Since big jackpots seldom hit, when you play a three-reel mega-jackpot progressive like Megabucks, can you really be certain that each reel has the top symbol for the biggest jackpot, and if so, can it be programmed to never land on that symbol? Jenny D.Rest assured, Jenny, that if a combination is listed on the pay table, it has to be possible for you to hit it on that machine, or on any other machines wired together on a network...read more

Two Strip resorts to join InterContinental Hotels' network

LAS VEGAS, Nevada -- Las Vegas Sands Corp. announced a 10-year licensing agreement with IHG, operators of the InterContinental Hotels chain, to list The Venetian and Palazzo within the brand's portfolio.The deal allows the Strip properties to maintain their separate identities, but they become part of the company's Priority Club network, which has a database of 52 million members, according to IHG.Venetian and Palazzo guests will be able to earn points and redeem them for stays at any of IHG's 4,500 hotels worldwide...read more

Harrah's to operate Philadelphia casino development

LAS VEGAS, Nevada -- Harrah's Entertainment is the latest Las Vegas-based casino operator being brought in to try to revive a troubled casino development in Philadelphia. Philadelphia Entertainment and Development Partners struck an agreement with Harrah's to operate a planned $438 million casino in south Philadelphia along the Delaware River. Harrah's spokesman Gary Thompson confirmed Tuesday the company signed a nonbinding agreement with a group of local Philadelphia investors that has been trying to build the casino since 2006. The casino was originally going to be operated by Foxwoods Development Co., which runs the Foxwoods Casino in Connecticut...read more

Wynn Resorts to make more shares public

LAS VEGAS, Nevada -- Wynn Resorts Ltd. filed documentation with federal regulators late Friday to sell an unspecified number of shares in the casino operator. In a shelf registration and prospectus listed with the Securities and Exchange Commission, the company did not reveal how many shares it planned to release to the open market, how much it hoped to raise or what the sales price would be. Shares of Wynn closed at $104.42, up $1.18 or 1.14 percent, Friday in trading on the Nasdaq National Market...read more

WMS lawsuit could affect Bally at G2E

LAS VEGAS, Nevada -- Timing is everything. Still a patent infringement lawsuit between rival slot machine manufacturers is not an earth-shattering story. Much of the gambling equipment sector has spent the past decade in federal courtrooms arguing over intellectual property matters covering casino game technology. But what's unique about a lawsuit filed in U.S...read more

Penn National still pursuing Strip resort

LAS VEGAS, Nevada -- Penn National Gaming executives Thursday said the company's acquisition of the debt covering M Resort does not mean the casino operator is done shopping for a Strip casino.Company officials spent the first portion of their third-quarter conference call with analysts and investors lauding the 19-month-old M Resort "as a terrific property and a compelling opportunity."However, Penn National officials did not reveal many more details about M Resort's future operations, other than commending the Marnell family for their stewardship of the hotel-casino during challenging economic times.Penn National Chief Executive Officer Peter Carlino said company officials have been "in a constructive dialog" with the Marnell family, the equity holder of the 390-room M Resort, "regarding ownership and future operations."The Marnells will continue to operate M Resort in the interim...read more

Boyd Gaming won't purchase all of Borgata

ATLANTIC CITY, New Jersey -- Boyd Gaming Corp. said this morning it wouldn't match the offer MGM Resorts International received for its 50 percent stake in Atlantic City's Borgata hotel-casino.The Las Vegas-based company will continue to operate the Borgata."Given other opportunities and our current focus on deleveraging our balance sheet, the current offer would not provide a sufficient return on investment for our shareholders," the company said in a statement.MGM Resorts said on Oct...read more

Top-10 online poker promotions

As someone who is only slightly better than a break-even player in the online poker games I play, I appreciate a good bankroll boost. And online poker rooms have come up with some great player promotions to give back to their loyal players over the years...read more

Cosmopolitan gets final licensing approval

LAS VEGAS, Nevada -- Nevada gaming regulators on Thursday granted operators of the Cosmopolitan of Las Vegas final licensing approval, setting the stage for the hotel-casino's opening in December.The Nevada Gaming Commission, meeting in Carson City, took about an hour to approve the oft-delayed $3.9 billion development, which will open about 2,000 of its 2,995 hotel rooms on Dec...read more

A running diary of Aaron Todd's "Perfect Play"

The concept was simple. Play in 10 multi-table tournaments on UB.com and see how I shape up in their Perfect Play promotion.The results? Well, I learned a lot.The first lesson I learned was this: Know the scoring system. UB.com's Perfect Play promotion gives players points for every player they finish ahead of in a tournament, plus one (e.g., finish 50th in a 100-person tournament, you earn 51 points)...read more