Featured Articles Archive - Page 485

License backed for CityCenter casino

LAS VEGAS, Nevada -- Gaming regulators on Friday granted preliminary licensing approval for the only casino component inside the $8.5 billion CityCenter project and suggested the revenue mix might be sharply different from the traditional gaming-driven environment. During a hearing that lasted more than two hours, the Gaming Control Board was told not to expect additional gaming inside the multiple hotel, high-rise residential and entertainment complex. Aria, CityCenter's 4,004-room centerpiece, was designed as the project's only casino...read more

Nevada not investigating Lee, Pinnacle

LAS VEGAS, Nevada -- Nevada Gaming Control Board Chairman Dennis Neilander said there are no plans for the state to open an investigation into Pinnacle Entertainment following the sudden resignation of chairman and chief executive officer Dan Lee. Missouri gaming authorities said they were investigating Lee and the Las Vegas-based regional casino operator after an incident between Lee and a member of the St...read more

PLAYING IT SMART

You can learn something from prime-time television after all Deal or No Deal is mindless but fascinating television. The genius is that it's an archetype of Occam's razor: the idea could hardly be simpler. Yet, opportunity is afforded to see the laws of probability, the principle of utility, and the concepts of risk-aversion and tolerance played out together...read more

Pollack resigns as WSOP Commissioner

Saying he has accomplished "everything he had set out to do" and that he liked the idea of "going out on top," Jeffrey Pollack resigned as commissioner of the World Series of Poker on Friday. "The arc of my entire career has always been to move on to something different every four or five years, so the time seemed right for me to make this move." the 45-year-old Pollack told Casino City on Friday, a few hours after he made his resignation official by posting on his Twitter account, "Thank you for allowing me to be part of the WSOP these last few years...read more

Deal Me In: Where she drops, nobody should know

Dear Mark: Do casinos have policies regarding the minimum number of revolutions a roulette ball should make before dropping off the track? What would be considered too few? If the roulette wheel stops moving before the ball lands in the pocket or stops in less than a quarter of a revolution after the ball lands in the pocket would that be cause for concern? Consider the following scenario...read more

Boyd accused of trying to control Station case

LAS VEGAS, Nevada -- Station Casinos has accused Boyd Gaming Corp. of "attempting to improperly manipulate the bankruptcy process" in an effort to "pick off and dismantle its chief competitor's assets." In a filing Thursday with the U.S...read more

WSOP Commissioner Pollack resigns post

LAS VEGAS, Nevada -- World Series of Poker Commissioner Jeffrey Pollack resigned his role with the tournament just three days after concluding its second-most lucrative competition in the event's 40-year history. Pollack, 45, said Thursday he plans to "explore new business challenges" after completing a four-year run as the World Series of Poker's driving force...read more

McManus's 'Cowboys Full' is packed with poker history, characters

Jim McManus, whose blockbuster Positively Fifth Street was an instant hit some years ago, has penned a super poker history book titled Cowboys Full (516 pages, hardbound, $30) designed to answer a jillion questions about the origins of the game, the characters, showdowns, big money days and stuff you never knew before.With 70 pages of research sources, footnotes, index and photos, this book is destined to be a classic reference work...read more

LV Sands to restart Macau projects

LAS VEGAS, Nevada -- Las Vegas Sands Corp., plans to restart the company's stalled hotel-casino projects on Macau's Cotai Strip, according to published reports. The company, which operates The Venetian and Palazzo, halted its Cotai Strip developments a year ago when financing dried up and the company was forced into a $2.1 billion recapitalization effort to avoid bankruptcy because it couldn't cover its long-term debt payments. The move reduced company founder and Chairman Sheldon Adelson's controlling stake in Las Vegas Sands by about 20 percent...read more

WSOP notebook: Cada's father knew his son was special

LAS VEGAS – Jerry Cada has always been good with math. It's the main reason he worked as an engineer for the last 25-plus years and it's also something he thinks he was able to pass onto Joe, the youngest of his four children. "I can remember Joe being as young as 5 or 6 years old and I could already tell he was great with numbers," the elder Cada told Casino City on Monday afternoon...read more