Featured Articles Archive - Page 472

Ameristar Casinos suffers fourth-quarter loss

LAS VEGAS, Nevada -- Ameristar Casinos recorded a $63.3 million loss in the fourth quarter after customers had trouble reaching its Indiana casino because of a closed bridge. The Las Vegas-based company, which operates predominantly in regional markets, also said Wednesday it took a noncash impairment charge of $111.7 million on the Ameristar East Chicago, which it acquired in 2007. The loss translated into a net loss per share of $1.10 in the quarter ended Dec...read more

'In-game' betting expected to make Super Sunday even bigger

Long gone are the days when a betting window at your local sportsbook shuts down for a game right after kickoff. The proliferation of "in-game" betting at Las Vegas sportsbooks is gaining momentum and will likely add to a Super Bowl handle this Sunday that some are predicting will be the highest in the 44-year history of the game...read more

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