Featured Articles Archive - Page 472

Deal Me In: Hone strategy to a razor's edge

Dear Mark: The casino where I play once had a dozen 9/6 Jacks or Better machines. Now they have just two. My first question is why do they take out the good paying machines? Is it because skilled players take advantage of them? As for these reduced value machines, how much am I now giving up from a 9/6 Jacks or Better to, let's say, an 8/5 machine? Eric H...read more

Isle of Capri exiting Greektown

DETROIT, Michigan -- Isle of Capri Casinos announced Tuesday it was exiting a contract to operate the Greektown Casino in Detroit after a deal was reached for the property to emerge from bankruptcy. St. Louis-based Isle of Capri signed an agreement in January to take over management of Greektown and provide "transitional" marketing and operational services. However, a plan of reorganization was confirmed by the U.S...read more

No table games in Maryland in 2010

ANNAPOLIS, Maryland -- Maryland won't be joining Pennsylvania and Delaware in the table games market this year. The state's governor told media he's not going to ask lawmakers to debate legalizing table games during the upcoming legislative session. Maryland legalized slot machines in f...read more

Wall Street finds IGT boss's outlook too conservative

LAS VEGAS, Nevada -- The honeymoon may be over between Wall Street and International Game Technology Chief Executive Officer Patti Hart. Based on comments and observations following the company's first-quarter earnings report last month, analysts are no longer giving Hart a free pass...read more

New York ties helped Navegante win Aqueduct deal

QUEENS, New York -- Longtime gaming executive Larry Woolf said there's a simple explanation why a partnership that includes his Navegante Group won the right to operate a potentially lucrative casino at New York City's Aqueduct Race Track. Except for Woolf's Las Vegas-based casino management company, all of the members of the eight-partner Aqueduct Entertainment Group were headquartered in New York. "In the end, we spent time in the community and the partners understood New York," Woolf said Monday. On Friday, New York Gov...read more

Top-10 Super Bowl betting facts and figures

History was never one of my favorite subjects in school. But one thing I've learned over the years as a sports bettor is that you have to consider what has happened in the past if you want to try and predict the future. No, past results don't always repeat themselves in the NFL, or any other sports league for that matter...read more

Effel adds flair to flourishing tournament

LAS VEGAS, Nevada -- The World Series of Poker has allowed Jack Effel to live out a lifelong ambition. Growing up in Dallas, Effel wanted to become an announcer or broadcaster. As a teenager, he would carry around a tape recorder, play his favorite songs and add commentary. "I always said I was going get into radio or television," Effel said. Instead, Effel got into poker. As tournament director of the World Series of Poker, it's Effel's responsibility to give the audience and players running commentary as to what's happening at an event's final table...read more

Northern Nevada's woes likely to expand

LAS VEGAS, Nevada -- Expansion plans by an Indian casino near Sacramento, Calif., signal another bad omen for Northern Nevada's beleaguered gaming market. Casino revenues in Reno and the Lake Tahoe area have been decimated for almost three years...read more

Gaming stocks see a January jolt

LAS VEGAS, Nevada -- Gaming stocks started off the year with a bounce as investors anticipated fourth-quarter earnings and casino watchers tried to gauge the impact of the recently opened CityCenter on Las Vegas. On a whole, seven of the 10 publicly traded casino operators and slot machine manufacturers charted by Las Vegas-based financial consultant Applied Analysis saw an increase in their average daily stock price during January compared with December. MGM Mirage had the largest increase, almost 15 percent...read more

Navegante Group wins Aqueduct bidding

QUEENS, New York -- A partnership that includes the Las Vegas-based Navegante Group won a prolonged bidding process Friday and was selected to build and operate a potentially lucrative casino at the Aqueduct Race Track in New York City. New York Gov...read more