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Featured Articles Archive - Page 427
Articles by Howard Stutz
![]() Analyst worries Senate campaign tone will hurt Vegas21 July 2010 LAS VEGAS, Nevada -- Could the toxic rhetoric of Nevada's U.S. Senate campaign be a detriment to how much Las Vegas residents might spend with local casino operators?
Deutsche Bank gaming analyst Andrew Zarnett believes this to be true.
He told investors Tuesday the negative tone from the campaigns of Senate Majority Leader Harry Reid and his Republican challenger, former Assemblywoman Sharron Angle, could hurt casino spending by Nevadans.
On Monday, the campaigns traded heated comments over June's unemployment figures, 14.2 percent statewide and 14.5 percent in Las Vegas.
Zarnett said the drumbeat of the election highlights the state's record unemployment and a worsening Nevada economy.
"We see no upside to a harsh campaign that reinforces the poor condition of the local economy and aggressively reminds residents of the economic crisis that afflicts their economy," Zarnett wrote in a research note...read moreArticles by Howard Stutz
![]() Lawsuit filed to prevent rentals at Vegas complex20 July 2010 LAS VEGAS, Nevada -- A group of potential Cosmopolitan of Las Vegas condominium owners is suing to prevent the resort from renting their units to hotel guests when it opens in December, a law firm representing the plaintiffs announced Wednesday.
The lawsuit was filed Wednesday in Clark County District Court on behalf of 220 individuals with nearly $20 million in deposits on units...read moreArticles by Howard Stutz
![]() MGM Mirage closing sales at CityCenter's Veer Towers20 July 2010 LAS VEGAS, Nevada -- When award-winning architect Helmet Jahn was handed a site within the 67-acre City Center complex that would house the project's only all-residential building, the designer decided a building should be created that would fit what he considered to be the heart of the development.
The firm has designed office buildings, high-rises, airports, convention facilities and commercial centers throughout the United States, Europe, Asia and Africa...read moreTop-10 November Nine tidbits19 July 2010 It took eight days and 78 grueling hours of play, but we are finally down to this year's final table at the World Series of Poker Main Event. Who will be playing for poker's most coveted prize in four months? Chances are, you haven't heard of many of them, so here are the top-10 tidbits for this year's November Nine (with help from Nolan Dalla).10...read moreArticles by Howard Stutz
![]() Penn National terminates agreement on Ohio casinos19 July 2010 WYOMISSING, Pennsylvania -- Penn National Gaming announced this morning it terminated option agreements with rival Lakes Entertainment concerning two casino sites in Ohio.
In a statement, Penn National said it would pay Lakes a $25 million cash payment in exchange for Lakes surrendering its interest in casino projects in Columbus and Toledo.
Penn National Chief Executive Officer Peter Carlino said the company would break ground on the Toledo project next month and on the Columbus site early next year...read moreArticles by Howard Stutz
![]() IGT elects new board member19 July 2010 RENO, Nevada -- Slot machine maker International Game Technology said that Vincent Sadusky has been elected to the company's board of directors.
Sadusky is president and chief executive officer of LIN TV Corp., a multimedia company based in Providence, R.I.
"He brings a wealth of knowledge and experience in the media industry and adds a new and important dimension to our board," IGT CEO Patti Hart said in a statement...read moreArticles by Howard Stutz
![]() Game makers take aim at Pennsylvania19 July 2010 LAS VEGAS, Nevada -- This month's rollout of table games in Pennsylvania casinos is expected to be a boon for the state's tax coffers.
It's also turning into a financial windfall for Nevada-based table game providers and gambling equipment vendors.
Pennsylvania is one of three Eastern states -- along with West Virginia and Delaware -- that enacted legislative changes, allowing their once slot machine-only casinos to offer customers blackjack, craps, roulette and other table games.
In exchange for gambling expansion, casino operators pay their respective states additional fees and increased gaming taxes...read moreShould you "work" your craps bets on the come-out?19 July 2010 Flat bets on Pass and Come at craps, those made when the shooter is coming-out, are contracts. After the come-out roll, when the points for such bets have been established, you can't temporarily call them off or permanently take them down. This, because you're favored 8-to-4 on these wagers during the come-out, in that they win eight ways – 1-6, 2-5, 3-4, 4-3, 5-2, 6-1, 5-6, and 6-5, and lose only four – 1-1, 1-2, 2-1, and 6-6...read moreWSOP's November Nine determined after long day filled with bad beats18 July 2010 LAS VEGAS -- The final table for the 2010 World Series of Poker Main Event is set. When play resumes at the Rio All-Suite Hotel & Casino in November, Jonathan Duhamel will be the chip leader with 65.975 million in chips. Joining him at the final table will be John Dolan (46.25 million), Joseph Cheong (23.525 million), John Racener (19.05 million), Matthew Jarvis (16.7 million), Filippo Candio (16.4 million), Michael Mizrachi (14.45 million), Soi Nguyen (9.65 million) and Jason Senti (7.625 million).Each of the final nine players is guaranteed $811,823 in prize money...read moreWSOP Main Event down to 27 players -- and no Theo Jorgensen17 July 2010 LAS VEGAS -- The World Series of Poker Main Event reached a surreal place Friday.A 100,000-chip wager was actually a "small" bet. If you had 1 million in chips, you were a short stack.If you had 4 million in chips, you needed to double up just to crack the top ten on the leaderboard.Poker moved from a solitary game to a communal game, with players sharing hand information and strategy with friends on the rail.Joseph Cheong is the chip leader with 27 players remaining (photo by Vin Narayanan)Pots could reach the 19-million mark...read more |
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