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Featured Articles Archive - Page 425
Deal Me In: The right to resign Scowlee status30 July 2010 Dear Mark: Why is it that every time I get a few dollars ahead in blackjack, the pit boss stands over the game and watches my play? Jeff K. Fair enough, Fred: Yes, there are some pit bosses who stand guard over a blackjack table like the German Shepherd in front of Col...read moreArticles by Howard Stutz
![]() Pinnacle reports $49 million loss in second quarter30 July 2010 LAS VEGAS, Nevada -- Pinnacle Entertainment lost $49.3 million in the second quarter despite a jump in revenues following the opening of a suburban casino in St. Louis.The Las Vegas-based company, which primarily operates in regional markets, said its results for the three months that ended June 30 were hurt by write-downs and other charges of $31.5 million...read moreArticles by Howard Stutz
![]() Wynn net income improves thanks to Macau30 July 2010 LAS VEGAS, Nevada -- Wynn Resorts Ltd. benefited from a robust second quarter at the company's casinos in Macau to offset losses on the Strip.
The Las Vegas-based casino operator reported net income of $52.4 million, or 42 cents per share, for the three month-period that ended June 30...read moreArticles by Howard Stutz
![]() Casino industry outlook still uncertain30 July 2010 LAS VEGAS, Nevada -- Double-digit declines in monthly state gaming revenues have dissipated in the first half of 2010, but a national credit and bond rating service isn't ready to say the financial health of the American casino industry is on the path to recovery.
In a report on U.S...read moreArticles by Howard Stutz
![]() Wynn slams Obama adminstration again30 July 2010 LAS VEGAS, Nevada -- "Steve Wynn the Political Pundit" resurfaced Thursday.
During the Wynn Resorts Ltd. second quarter earnings conference call, company chairman Steve Wynn said he isn't thrilled with the current direction of the U.S. economy.
Wynn has been the gaming industry's most vocal critic of President Barack Obama and his administration's policies for much of the past year.
"The national economy and the political environment in the country as we head up to the elections (are) very, very touchy...read morePartyGaming and bwin announce merger29 July 2010 After months of speculation, bwin and PartyGaming have announced that they will merge to form the world's largest publicly traded online gambling company.Bloomberg News valued the deal at $1.76 billion.The combined entity will be owned by PartyGaming and bwin shareholders, with PartyGaming shares equaling 48.4 percent of the company and bwin shares equaling 51.6 percent of the company.The two companies have always been seen as a natural fit, with bwin's strong sportsbook fitting in nicely with PartyGaming's strong poker and casino offerings.The newly merged company will be incorporated in Gibraltar and run by bwin co-CEO Norbert Teufelberger and PartyGaming CEO Jim Ryan.The merger will have to be approved by 75 percent of both bwin and PartyGaming shareholders at shareholder meetings in the first quarter of 2011...read moreWhat's next for Frank's Internet gambling bill?29 July 2010 Now that Rep. Barney Frank's bill to license and regulate online gambling in the U.S. has been passed by the committee he chairs, the House Financial Services Committees, all sorts of questions are swirling around about what's actually in the bill, and what the future holds for the bill...read moreOnline gambling regulations bill approved by House committee28 July 2010 In a 41-22-1 vote, the House Financial Services Committee approved a bill Wednesday that would license and regulate online gambling in the United States.
The decisive vote is a sign of a how far the Democratic Congress has come since Committee Chairman Barney Frank (D-Mass.) attempted to halt the implementation of the Unlawful Internet Gambling Enforcement Act in 2008...read more81 sites sued for copyright infringement28 July 2010 Copyright infringement suits involving content from the Las Vegas Review-Journal have been filed against at least 81 Web site owners and organizations over the last 11 weeks, according to multiple reports by the Las Vegas Sun. A GPWA review of the lawsuits shows at least nine of those involved are online gambling affiliate sites.
According to Wired.com and Reason.com, the Las Vegas-based firm Righthaven is acquiring copyrights to newspaper content and then tracking down sites that are infringing on its copyrighted material...read moreArticles by Howard Stutz
![]() Las Vegas Sands narrows second quarter net loss28 July 2010 LAS VEGAS, Nevada -- Booming business in Macau helped Las Vegas Sands Corp. shrink its second quarter net loss, the casino operator said this morning.
For the three months that ended June 30, Las Vegas Sands said it lost $4.7 million, or 1 cent per share...read more |
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