Featured Articles Archive - Page 477

A betting preview of the WSOP Main Event final table

Explaining what I do for a living can be confusing sometimes, especially when the person asking the questions is a bit uneducated about the world of poker. Believe it or not, there are a lot of people out there who have no idea just how much the poker industry has grown over the last decade...read more

Two poker players eliminated in "Amazing Race"

AS VEGAS, Nevada -- Poker player Maria Ho and Tiffany Michelle busted out of the reality television series, "The Amazing Race." On Sunday night's episode, the female poker players were eliminated in sixth place from the 12-team race around the world after they couldn't complete either of two roadblock tasks set up for contestants in The Netherlands...read more

Boyd going after Station's assets

LAS VEGAS, Nevada -- Boyd Gaming Corp. filed a motion Sunday in Station Casinos' bankruptcy proceedings, asking the court to allow the casino operator to submit a reorganization plan for its financially troubled rival. According to the motion, Boyd Gaming, which was rejected when it offered to buy a large chunk of Station Casinos in February for $950 million, is asking the U.S...read more

Gaming stocks slide in October

LAS VEGAS, Nevada -- Strip gaming stocks regressed in October after two months of double-digit increases in their average daily prices. Of the seven casino operators and three slot machine manufacturers charted by Las Vegas-based financial consultant Applied Analysis for its Gaming Index, only Pinnacle Entertainment, WMS Industries and Bally Technologies saw their stock prices increase. Every other company had declines, albeit just single-digit declines. "Investors pulled back late in the month, leaving the majority of companies finishing lower than where they started," Applied Analysis principal Brian Gordon wrote in a report to clients Friday. The index fell a few points in October to close at 292.36, which was still the first year-over-year increase in 16 months. "On a company-by-company basis, all operators (other than MGM Mirage) and equipment makers posted annual growth in stock price valuation," Gordon said. In the last few weeks of October, several gaming companies reported third-quarter earnings, which for the most part didn't show positive results in July, August and September...read more

Deal Me In: Toke tapping tenets for tipsters

Dear Mark: I read an article by Henry Tamburin in which he states that the best way to tip a blackjack dealer is to place the "tip chip" on top of one's bet in the layout circle and if you lose the hand the dealer gets nothing, but if you win, you reward him the tip chip amount...read more

Pinnacle hurt by paying off debt

LAS VEGAS, Nevada -- A debt repayment sent Pinnacle Entertainment to a third-quarter net loss, but the Las Vegas-based casino operator grew revenue, primarily through improved results at the company's Louisiana properties. Pinnacle, a regional casino operator that doesn't own a Las Vegas resort but runs a casino near Reno, said Thursday it lost $21.9 million, or 37 cents per share, in the quarter ended Sept...read more

LV Sands posts bigger loss

LAS VEGAS, Nevada -- Success in Macau and Pennsylvania couldn't save Las Vegas Sands Corp.'s third-quarter earnings. The casino operator reported a net loss of $123 million in the quarter Thursday, largely due to higher income tax expenses and other accounting measures. The company, which operates The Venetian and Palazzo, three resorts in Macau, and the Sands Bethlehem in Pennsylvania, said the net loss translated into a loss of 19 cents per share for the quarter ended Sept...read more

Young gun Cada looking to make history at November Nine

Life-changing decisions aren't supposed to be so straightforward and easy. But for Joe Cada the decision to become a professional poker player was just that. Sure, he was letting down his parents by dropping out of college and giving up his job as a bus boy at the age of 19, but there were extenuating factors...read more

ESPN may extend its 'same day coverage' of WSOP final table

Producing an episode for the World Series of Poker on ESPN is no easy task, even when you have several weeks to edit down the more than 15 hours of tape from one day and put it into a neatly wrapped package of two one-hour shows. Trying to do it in less than 24 hours is an even more dubious task, but that's exactly was ESPN was able to do last year with its telecast of the Main Event's final table...read more

Wynn stock drops 11 percent

LAS VEGAS, Nevada -- Wynn Resorts Ltd. said its net income declined 33 percent in the third quarter, causing the company's stock price to fall 11 percent Tuesday. But you couldn't tell that from the reaction of company Chairman Steve Wynn. After opening the $2.3 billion Encore at Wynn Las Vegas last December in the middle of a recession, he was expecting a horrible 2009. Not anymore. "If things continue the way they are, we're going to equal or beat 2008 in Las Vegas and we're going to equal or beat last year in Macau," Wynn said on a conference call with analysts...read more