Featured Articles Archive - Page 484

Becky's BAC top 10

I may have a new boss and a new job with Calvin Ayre and Bodogbrand.com, but when it comes to industry entertainment, not much has changed...with the upcoming launch of CalvinAyre.com, and with Calvin's return to the public, it will only continue to get better...read more

Job seekers grateful CityCenter is now hiring

LAS VEGAS, Nevada -- Timothy C. Nyepanh left his job in housekeeping at the MGM Grand in February 2007 and moved to Georgia, where family could care for him after he underwent surgery. Little did he realize it would take more than two years to land another job in Las Vegas...read more

Top-10 most notable runner-up finishers at the WSOP Main Event

Nobody remembers second place. You've probably heard the expression before and, to some degree, it's true -- but not today. Because today we are going to make note of the players who fell just short of claiming the big prize at the World Series of Poker Main Event...read more

Wynn wants to raise $1.63 billion in Hong Kong

LAS VEGAS, Nevada -- Several news outlets, including Reuters, Bloomberg and the Wall Street Journal, are reporting this morning that Wynn Resorts has upped the size of its planned initial public offering on the Hong Kong Stock Exchange. The Las Vegas-based casino operator plans to raise $1.63 billion by selling 25 percent of its Macau casino assets, rather than 20 percent as initially planned...read more

Ground broken on Michigan casino

WAYLAND, Michigan -- A decade after initiating the idea and five years after Las Vegas-based Station Casinos became involved, a Michigan Indian tribe is a step closer to opening a gambling hall some 20 minutes outside the state's second-largest city. Ground was broken Thursday for the $157 million Gun Lake Casino, which will be owned by the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians and operated by a Station Casinos affiliate under a management contract...read more

Playing It Smart: Veering away from "the book"

Playing blackjack "by the book" minimizes house advantage or edge in the game. For any given bettor's hand and dealer's upcard, Basic Strategy uses this criterion to decree when to hit, stand, double, split a pair, or surrender. The rule yields the highest long-term average or statistically expected gain for propitious combinations, and the lowest such loss in adverse situations. The data show that, for 6-3 versus 7, players are favored whether they hit or double...read more

Analysts say Penn deal for Fontainebleau 'unlikely'

LAS VEGAS, Nevada -- Analysts were quick to shoot down a Wall Street Journal report this morning that Penn National Gaming was close to buying the bankrupt Fontainebleau project, which shut down construction earlier this year. While Penn National has openly said it was seeking to acquire a Strip resort — the company has more than $1.5 billion in cash thanks to an aborted takeover attempt last year — analysts doubt the $3 billion, 4,000-room Fonrtainebleau was the target. "Penn has done some work looking at Fontainebleau, much as it has looked at many property acquisition candidates over the last year," JPMorgan gaming analyst Joe Greff told investors...read more

Caesars dealers march on Strip

LAS VEGAS, Nevada -- It's been roughly 21 months since dealers at Caesars Palace overwhelmingly voted in favor of union representation. But the dealers and Caesars' parent Harrah's Entertainment have been unable to reach a contract agreement. Dealers and other members of the Transport Workers Union Local 721 took their frustration to the Strip sidewalk in front of the famed hotel-casino Thursday to call attention to the lack of progress in the negotiations. Wearing red shirts, about 600 dealers and supporters of the Transport Workers, who were holding their annual convention in Las Vegas, marched from Flamingo Road to the hotel's driveway in the afternoon heat. "All we're trying to do is get their attention," said Ernie Acevedo, a Caesars Palace dealer for 17 years and secretary-treasurer of Local 721...read more

Deal Me In: The Good Samaritan

Dear Mark: About a month ago, I was playing the 5¢ slots and lost about $20. When I took my player's card out, I noticed the machine next to me (no one was playing while I was there) had a ticket sticking out. I took the ticket, without looking at the amount, and asked a man and women standing in line at the cashier's cage if they were on that machine...read more

Learn the 'language' of gambling through special books, dictionaries

It's a given! Anyone entering the gaming industry must learn the special language dealers, supervisors and of course players use almost daily. It's a necessity! Any new player who wants to know the ins and outs of the gambling lexicon should learn the special language of dealers, supervisors and other players...read more