Featured Articles Archive - Page 478

Fitch Ratings says recovery not in cards in 2010

LAS VEGAS, Nevada -- The impact the recession had on the casino industry in 2009 has not been completely accounted for, but by all measures the year will go down as the worst on record. Through October, gaming revenues have declined more than 12 percent both on the Strip and throughout Nevada...read more

Pennsylvania market could unlock gaming profits

LAS VEGAS, Nevada -- The approval of table games in one West Virginia county may be just a prelude to Pennsylvania. If the Keystone State follows suit, Las Vegas-based table game providers could be doubling down. Jefferson County voters this month gave their OK for live table games to be added to the casino at the Charles Town Racetrack, which Penn National Gaming operates...read more

CityCenter grand opening brings a renewed optimism to Las Vegas

LAS VEGAS – The wide eyes and eager smile of Jeff Korbelik told you everything you needed to know about the sentiment towards the dazzling new CityCenter project in Las Vegas late Wednesday night. The 46-year-old Nebraska native was one of thousands of people to stream through the doors of the Aria Resort & Casino just before midnight, seconds after the centerpiece of the new development on the Las Vegas Strip officially opened for business. "This is great; I wouldn't have missed it for the world," Korbelik said as he walked briskly toward one of the brand spanking-new slot machines on the 150,000 square-foot casino floor...read more

Top-10 CityCenter facts and figures

LAS VEGAS -- Of all the facts and figures that have been tossed around regarding CityCenter, there's one number that always jumps right off the page -- $8.5 billion. It signifies the astounding amount of money it cost to build the new development on the Las Vegas Strip and it's a price tag that will be well worth it if CityCenter can help revitalize this great city like most people are hoping it will...read more

Executive who helped CityCenter stay afloat leaves MGM Mirage

LAS VEGAS, Nevada -- Gary Jacobs, one of the key MGM Mirage executives who helped resolve the company's financial issues surrounding CityCenter and its corporate matters this year, has resigned from the casino operator. MGM Mirage announced the resignation Friday in a filing with the Securities and Exchange Commission...read more

Boyd, Nevada talk Station deal

LAS VEGAS, Nevada -- Boyd Gaming Corp. executives have been in contact with state casino regulators about its $2.45 billion offer for Station Casinos, the state's top regulator said this week. Nevada Gaming Control Board Chairman Dennis Neilander said he has talked to representatives for both companies Wednesday, although he did not discuss the nature of the talks. Boyd is offering $2.45 billion in cash and assumed debt for all 18 of Station's casinos, some land and other assets, a filing with the Securities and Exchange Commission shows...read more

Do the tortoise and hare teach you how to win at gambling?

Everyone's heard of the tortoise and the hare. The plodder beat the sprinter. Does this apply to casino gambling? Are you apt to fare better wagering at the low end of the volatility scale with steady small returns or the high end with bursts of big payoffs? There's no universal answer...read more

Deal Me In: Power outage shouldn't cause concern

Dear Mark: When the power goes out in the casino, which has happened a few times when I have played, does this have any effect on the random number generator? How about when a casino employee opens the slot machine door? Gil L. The casino all of a sudden going dark will not have an effect on the RNG or on its generation of results, since a machine stores this information in a special memory when a temporary halt occurs. Also, the random number generator continues to work even when the slot attendant opens the machine, as is commonly done on coined machines to fill the hopper with more loot, or to check for an internal malfunction...read more

CityCenter's long-awaited centerpiece opens

LAS VEGAS, Nevada -- Wednesday was all about celebrating the opening of CityCenter's centerpiece, but it was also a time for putting the $8.4 billion project into perspective. During an hourlong ceremony in the porte-cochere of the 61-story, glass and steel Aria, MGM Mirage officials and others associated with CityCenter said the 18 million-square-foot development would transform Las Vegas. "This isn't just another opening," MGM Mirage Chairman and Chief Executive Officer Jim Murren said...read more

No-limit hold 'em, horse conformation DVDs teach poker, athletic potential

Two well-done DVDs, each in its own way, hopefully guiding players to winning ways, are now available for those who watch, take notes, absorb and learn.BobboFitos' Winning Strategy in No-Limit Hold'em, a 3-DVD set (total of more than two hours), covers Key Winning Concepts; Pre-Flop Play and Post-Flop Planning and Bet-Sizing ($59.95)...read more