Featured Articles Archive - Page 438

IGT profits grow despite revenue dip

RENO, Nevada -- A favorable tax benefit adjustment and slot machine sales into international markets drove gambling equipment giant International Game Technology to a rise in fiscal third-quarter profits despite a decline in company revenues. Reno-based IGT said Tuesday its net income for the quarter that ended June 30 was $94.6 million, or 32 cents per share...read more

Borgata sees revenue, profit decline

ATLANTIC CITY, New Jersey -- Boyd Gaming Corp. said Monday its Borgata resort in Atlantic City saw revenues and profits decline during the second quarter because of reduced visitation and competition from casinos in neighboring states.In a statement filed with the Securities and Exchange Commission, Boyd Gaming said the Borgata, which it owns in a 50-50 joint venture with MGM Resorts International, had a net income of $17.3 million in the second quarter that ended June 30, down from $18.3 million a year ago...read more

Top-10 moments from the WSOP Main Event

Casino City's Dan Igo, Vin Narayanan and Aaron Todd have finally recovered from their time in Las Vegas covering the World Series of Poker's Main Event. With a week to reflect on what they saw, they present a tag-team effort for the top-10 moments from this year's Main Event, from all four Day 1s to the determination of the November Nine.10...read more

Top-10 moments from the WSOP Main Event

Casino City's Dan Igo, Vin Narayanan and Aaron Todd have finally recovered from their time in Las Vegas covering the World Series of Poker's Main Event. With a week to reflect on what they saw, they present a tag-team effort for the top-10 moments from this year's Main Event, from all four Day 1s to the determination of the November Nine.10...read more

Top-10 moments from the WSOP Main Event

Casino City's Dan Igo, Vin Narayanan and Aaron Todd have finally recovered from their time in Las Vegas covering the World Series of Poker's Main Event. With a week to reflect on what they saw, they present a tag-team effort for the top-10 moments from this year's Main Event, from all four Day 1s to the determination of the November Nine.10...read more

Top-10 moments from the WSOP Main Event

Casino City's Dan Igo, Vin Narayanan and Aaron Todd have finally recovered from their time in Las Vegas covering the World Series of Poker's Main Event. With a week to reflect on what they saw, they present a tag-team effort for the top-10 moments from this year's Main Event, from all four Day 1s to the determination of the November Nine.10...read more

Top-10 moments from the WSOP Main Event

Casino City's Dan Igo, Vin Narayanan and Aaron Todd have finally recovered from their time in Las Vegas covering the World Series of Poker's Main Event. With a week to reflect on what they saw, they present a tag-team effort for the top-10 moments from this year's Main Event, from all four Day 1s to the determination of the November Nine.10...read more

Top-10 moments from the WSOP Main Event

Casino City's Dan Igo, Vin Narayanan and Aaron Todd have finally recovered from their time in Las Vegas covering the World Series of Poker's Main Event. With a week to reflect on what they saw, they present a tag-team effort for the top-10 moments from this year's Main Event, from all four Day 1s to the determination of the November Nine.10...read more

Top-10 moments from the WSOP Main Event

Casino City's Dan Igo, Vin Narayanan and Aaron Todd have finally recovered from their time in Las Vegas covering the World Series of Poker's Main Event. With a week to reflect on what they saw, they present a tag-team effort for the top-10 moments from this year's Main Event, from all four Day 1s to the determination of the November Nine.10...read more

Top-10 moments from the WSOP Main Event

Casino City's Dan Igo, Vin Narayanan and Aaron Todd have finally recovered from their time in Las Vegas covering the World Series of Poker's Main Event. With a week to reflect on what they saw, they present a tag-team effort for the top-10 moments from this year's Main Event, from all four Day 1s to the determination of the November Nine.10...read more

Top-10 moments from the WSOP Main Event

Casino City's Dan Igo, Vin Narayanan and Aaron Todd have finally recovered from their time in Las Vegas covering the World Series of Poker's Main Event. With a week to reflect on what they saw, they present a tag-team effort for the top-10 moments from this year's Main Event, from all four Day 1s to the determination of the November Nine.10...read more

WSOP champs start famous but have faded out

LAS VEGAS, Nevada -- The countdown toward crowning the next World Series of Poker champion has begun.By the early morning hours of Nov. 9, when the final hand is dealt, poker fans will know all there is to know about the final of table of nine players...read more

Wynn, Encore lose $17.2 million in second quarter

LAS VEGAS, Nevada -- Wynn Resorts Ltd. said Wednesday its two Strip resorts had an operating loss of $17.2 million in the second quarter, more than doubling the loss reported in the same quarter a year ago.But investors somewhat shrugged off the news.Shares of Wynn Resorts traded up for most of the day on the Nasdaq National Market, but closed down 1.55 percent as the markets fell in the last two hours of trading.Analysts said Macau is more important to the company's health...read more

You can't judge a slot machine by its belly-glass

Pretend you go to a casino and notice two slot machines side-by side. Hypothetical simplified configurations will be used as an aid in understanding. The devices seem identical, except that the returns shown on the belly glass for winning reel combinations with $1 bet are $1,000, $100, $10, and $1 on the first and $2,000, $200, $20, and $2 on the second...read more

Deal Me In: The gentle art of tipping

Dear Mark: What would be the appropriate amount to tip someone that pays you your slot jackpot win? It was a thousand-dollar jackpot. Nancy F.Credit Samuel Johnson for establishing the tradition that has evolved into the present-day tip. In the 18th century London coffee houses, Johnson and his friends would hand their server a slip of paper with coins attached...read more

Stations Casinos' Michigan project moves forward

GRAND RAPIDS, Michigan -- Construction of an American Indian casino near Grand Rapids, Mich., is back on track.The Gun Lake Band of Pottawatomi Indians said it has obtained a $165 million loan arranged by Goldman Sachs, which will have a five-year term at 12 percent interest.Work on the 83,000-square-foot project slowed after financing dried up.Gun Lake will have 1,400 slot machines and 28 table games and is now expected to open in early 2011.The loan is expected to be used to pay off existing debt, fund on-going construction, pay fees and create a reserve.Station Casinos, the tribe's casino management company, had advanced more than $53 million for the development of the casino as of the end of 2009, according to documents filed with the Securities and Exchange Commission.Gun Lake is one of several Indian gaming management and development contracts controlled by Station Casinos...read more