Featured Articles Archive - Page 481

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

Harrah's reports $1.05 billion loss

LAS VEGAS, Nevada -- The sour economy and a massive impairment charge caused casino giant Harrah's Entertainment to report a net loss of more than $1 billion in the third quarter, the company said Tuesday. Las Vegas-based Harrah's, which was taken private last year by private-equity firms TPG Inc...read more

Boyd CEO says Station Casinos bid is legitimate

LAS VEGAS, Nevada -- Boyd Gaming Corp. has put the brakes on its $4.8 billion Echelon project for at least three to five years. But the casino operator has an idea of how to spend the money it raised for the Strip development: acquire a large chunk of Station Casinos out of bankruptcy. During a conference call Tuesday with analysts, Boyd Gaming Chief Executive Officer Keith Smith said Station Casinos executives dismissed the company's Feb...read more

Echelon won't restart for 'three to five years'

LAS VEGAS, Nevada -- Boyd Gaming Corp. said this morning it doesn't expect to restart construction of the $4.8 billion Echelon project for at least three to five years. The company suspended construction of the Strip development on the site of the former Stardust more than a year ago. "We continue to believe in the long-term viability of the Las Vegas market," Boyd Gaming Chief Executive Officer Keith Smith said...read more

Station Casinos files for reorganization extension

LAS VEGAS, Nevada -- Station Casinos has asked a federal bankruptcy judge for a four-month delay in proposing a reorganization plan for the company, a move attorneys for the Las Vegas-based casino operator hinted at last month. In a filing Friday with the U.S...read more

You can make money at craps when the shooter sevens-out

Most craps buffs favor Pass, Come, Place, and Buy bets as their primary wagers. If the shooter produces a plethora of numbers before sevening-out, these dice devotees can pile up profit, toss after toss. The catch is the eventual seven-out...read more