Featured Articles Archive - Page 464

Does too much focus on edge ignore factors you can control?

Many otherwise sophisticated casino gamblers focus on house advantage or edge and overlook the trade-off between the odds associated with various results and the accompanying payoffs. The choices here, which solid citizens can control, may have a greater impact than edge on a person's performance in the short term of a session or casino visit. A more extreme situation than you're apt to encounter emphasizes the effect...read more

Carruthers sentenced to 33 months in prison

Former BetOnSports CEO David Carruthers was sentenced Friday to 33 months in prison for racketeering conspiracy related to BetOnSports accepting sports bets from American residents over the phone and Internet. Carruthers is a British citizen and became the CEO of BetOnSports in 2000...read more

Cannery Casinos benefiting by Pennsylvania table games approval

LAS VEGAS, Nevada -- Shuffle Master and Las Vegas Sands Corp. aren't the only Nevada gaming companies expected to benefit by Pennsylvania's approval Thursday to allow the state's slot machine-only casinos to add table games. The Meadows Racetrack and Casino in Washington County outside of Pitt...read more

Gambling and the Law: Suing an Out-Of-State Casino in Your Home State

If you are injured while visiting a casino in another state, can you file suit when you get home? The casino's lawyers may move to dismiss the case for lack of personal jurisdiction. If they win, it does not mean the case is over...read more

Deal Me In: Course of action can differ between casinos

Dear Mark: If you place a bet at a table game that is more than the permitted maximum, and neither you or the dealer notice, should they either A) pay you at the correct odds on the full (higher) amount, B) pay you on the permitted maximum and refund the rest, or C) pay you nothing and just refund your bet in full? Alaistair K. Most often, a table maximum overage occurs when a bet consists of varying colors of chips...read more

Planet Hollywood nightclubs get temporary liquor licenses

LAS VEGAS, Nevada -- Embattled nightclub owners of Privé nightclub and its sister club Living Room were granted an extension Thursday of its temporary liquor license until April 9 by the Clark County Business License Department. The extension was issued by the county without a hearing before Clark County commissioners...read more

Shuffle Master could benefit from Pennsylvania decision

LAS VEGAS, Nevada -- For table game supplier Shuffle Master, Pennsylvania's gambling expansion could be the jackpot. Gov. Ed Rendell signed a bill into law Thursday that will allow the state's slot machine-only casinos to add table games. Pennsylvania's 14 largest casinos can each add up to 250 table games, while the state's two small resort-style casinos can have a maximum of 50 games each. Casino operators will pay an upfront license fee of $16.5 million...read more

No megafight is no good for Vegas

LAS VEGAS, Nevada -- Boxing fans aren't the only ones upset about the apparent demise of the Floyd Mayweather Jr.-Manny Pacquiao championship fight that had been scheduled for March 13 at the MGM Grand. Wall Street said Las Vegas could be losing out on a potentially lucrative payday. Macquarie Securities gaming analyst Joel Simkins told investors in a research note Thursday the fight would have provided the Strip a large amount of business. "Historically, mega-fights have been significant drivers of traffic into Las Vegas and high-end gaming activity, in addition to sports betting," Simkins said...read more

Analysts praise Pennsylvania table games approval

LAS VEGAS, Nevada -- Pennsylvania Gov. Ed Rendell signed a bill into law last week that will allow the state's slot machine-only casinos to add table games to gaming floors. The new law will allow large Pennsylvania casinos to add up 250 table games each and smaller resort style casinos can add 50 games each...read more

Isle of Capri could run Station Casinos

LAS VEGAS, Nevada -- Regional gaming operator Isle of Capri Casinos could become the manager of at least four Station Casinos-owned properties through an agreement reached with one of the bankrupt company's lenders. A spokeswoman for St...read more