Featured Articles Archive - Page 494

Jim Cramer changes gaming stances

LAS VEGAS, Nevada –- Stock prognosticator Jim Cramer, the host of CNBC's "Mad Money," has not been a fan of the gaming industry. For the past year, he has warned investors to stay away from casino stocks because of falling revenues in Las Vegas, Atlantic City and other gambling markets. But Tuesday, he changed his tune somewhat. During the "Off the Charts" segment, Cramer said shares of Las Vegas Sands Corp...read more

Nevada casino work card system now online

LAS VEGAS, Nevada –- More than five years after taking over the casino employee registration program from local law enforcement, state gaming regulators have moved the process online in an effort to cut costs and streamline the work card system. The Gaming Control Board Technology Division, using internal resources and staff to develop the process, created the program, which went live this month. Under Nevada law, casino employees, including dealers, count-room personnel, cashiers, and certain accounting and internal audit staff are required to register with the Gaming Control Board before working for a Nevada gaming licensee. Local law enforcement agencies, such as the Metropolitan Police Department in Clark County, handled the work card process until January 2004...read more

Wynn planning IPO in Hong Kong

LAS VEGAS, Nevada –- Las Vegas-based Wynn Resorts plans to spin off shares in its Wynn Macau casino into a separate initial public offering that will be traded on the Hong Kong Stock Exchange, several wire services reported late Monday. According to un-named sources quoted by Dow Jones News Service, the IPO would take place in fourth quarter and Wynn hopes to raise between $1 billion and $2 billion. The moves comes as word leaked out Monday that Las Vegas Sands Corp...read more

Top-10 characters at the WSOP Main Event

From celebrities to top-flight poker players, the World Series of Poker Main Event has traditionally been filled with weird characters, and the 2009 Main Event was no different. Some were dressed in weird costumes, while others were just weird...read more

Good news for slots in Ohio and Illinois

LAS VEGAS, Nevada –- The slot machine industry is celebrating some good news coming from two of the most unlikely places, Ohio and Illinois. Governors in the two states approved legislation that will add an estimated 40,000 to 75,000 new slot machines in the combined markets...read more

Deal Me In: Doubling up on bets and hopes

Dear Mark: I like to play the double-up option on a video poker machine and I have a few questions about that bet. One, is it a good bet to make, being that it seems like a 50/50 proposition to me, and two, I was also wondering if I would get the next five cards out of the deck if I didn't make a double-up wager? Randy E...read more

Analyst: Sands Bethlehem needs more to compete

BETHLEHEM, Pennsylvania –- Stifel Nicolaus gaming analyst Steven Wieczynski visited the Sands Bethlehem in Pennsylvania recently and said business has slowed considerably since the resort's crowded Memorial Day weekend opening. The Wall Street researcher was impressed with the property's magnitude – Las Vegas Sands owns the entire Bethlehem Steel complex on the Lehigh River...read more

Ivey reaches final table at WSOP Main Event

LAS VEGAS -- The final table for the World Series of Poker Main Event is set, and it includes Phil Ivey. The poker superstar won a critical hand late in the day to assure himself a spot at the final table. He's joined at the final table by Darvin Moon, James Akenhead, Kevin Schaffel, Steven Begleiter, Eric Buchman, Joe Cada, Antoine Saout and Jeff Shulman after nearly 8 hours of play (not counting breaks) Wednesday...read more

LV Sands promotes Rob Goldstein

LAS VEGAS, Nevada –- Long-time Las Vegas Sands Corp. executive Rob Goldstein was promoted to executive vice president and saw his employment agreement extended by two-and-a-half years, the company announced Tuesday. The move comes several months after two other long-time Las Vegas Sands executives, former President Bill Weidner and Executive Vice President Brad Stone, left their positions with the company. Weidner was forced to resign in March and Stone announced his departure about a month later...read more

Ivey stalking the leaders at the WSOP Main Event

LAS VEGAS -- The World Series of Poker Main Event played down from 64 players to 27 players Tuesday, and two of its brightest stars are still alive. Phil Ivey and Antonio Esfandiari survived nearly eight grueling hours of play to advance and will play for a seat in the final table Wednesday...read more