Featured Articles Archive - Page 461

Full Tilt subject of federal probe

Full Tilt, the world's second largest poker site, is being investigated by a federal grand jury in Manhattan on money laundering charges, according to a report Monday in the Financial Times. Howard Lederer and Chris "Jesus" Ferguson, two players closely associated with Full Tilt Poker, are also being investigated, according to the report...read more

Full Tilt subject of federal probe

Full Tilt, the world's second largest poker site, is being investigated by a federal grand jury in Manhattan on money laundering charges, according to a report Monday in the Financial Times. Howard Lederer and Chris "Jesus" Ferguson, two players closely associated with Full Tilt Poker, are also being investigated, according to the report...read more

PPA seeking poker exemption to UIGEA

The Poker Players Alliance (PPA) has approached Sen. Jon Kyl (R-AZ) in hopes of creating an exemption for online poker before regulations enforcing the Unlawful Internet Gambling Enforcement Act (UIGEA) go into effect on June 1st. PPA Executive Director John Pappas told Poker News Daily that his organization will present a petition that attempts to exclude peer-to-peer games from being included in the final implementation of the UIGEA rules. Pappas and the PPA know it will be a tough sell to get Kyl on board...read more

Massachusetts gambling bill may criminalize online gambling

Legislation that would allow land-based casinos in Massachusetts includes a provision that may criminalize online gambling. The gambling bill proposed by House Speaker Robert A. DeLeo would license two resort-style casinos in Massachusetts as well as 750 slot machines at the Commonwealth's four racetracks...read more

Isle of Capri acquires Mississippi casino

VICKSBURG, Mississippi -- Isle of Capri Casinos has acquired the Rainbow Casino in Vicksburg, Miss., from Bally Technologies for $80 million in an all-cash transaction, the companies announced Monday. The transaction is expected to close by June 30 pending regulatory approval. Las Vegas-based Bally, a slot machine manufacturer, has owned the Rainbow for 16 years...read more

Vin's Top-10 places to eat in Las Vegas

10. In-N-Out Burger If you don't live out on the West Coast, this burger joint ranks as a "must eat" in Vegas. Yes, it's fast food. Yes, Las Vegas has tons of great restaurants. But the burgers here are legendary for a reason. If you haven't been to In-N-Out, make sure to eat there the next time you're in Las Vegas...read more

Quebec could be next emerging slot market

LAS VEGAS, Nevada -- A single province in Canada may provide a more lucrative slot machine replacement market this year than any American jurisdiction. Quebec will begin replacing its 12,000 video lottery terminals in an effort that could span two years. Janney Montgomery Scott gaming analyst Brian McGill thought the market could be a windfall for International Game Technology, which has a flourishing video lottery business...read more

Inventor gives roulette a new spin

LAS VEGAS, Nevada -- Summerlin resident Edward Launzel hopes to become the gaming industry's next John Breeding. First, he needs to pique the interest of a casino or a gaming vendor in Jackpot Bonus Roulette, a game invented by the 77-year-old retired New York trade-show executive. Launzel came up with the idea for a new version of roulette while living in Las Vegas for eight years...read more

Morgan Stanley to sell stake in A.C. casino project

ATLANTIC CITY, New Jersey -- Atlantic City's casino fortunes suffered another body blow on Good Friday. Late in the day, investment firm Morgan Stanley, the largest owner of the estimated $2 billion Revel Casino project, announced in a filing with the Securities and Exchange Commission that it would sell its stake in the development, which the company valued at $1.2 billion. No reason was given for the planned sale...read more

Why do so many players lose at the casino, and who gets the dough?

A common article of faith among civilians who scoff at casinos is that gambling victimizes or at least imposes a regressive de facto tax on the very solid citizens least able to afford the hits. The presumption is, since the operators have an edge in the games, players as a whole lose their lunch money to the fat cat owners...read more

Grand Prive leaves Microgaming platform

The Grand Prive group of casinos left Microgaming's software platform this week. In a move that was not publicly announced, Bella Vegas, Casino Grand Bay, Jupiter Club Casino, Lake Palace Casino and Road House Reels switched to BetOnSoft NV software...read more