Featured Articles Archive - Page 498

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

Delaware appeals ruling on sports bets

ust days after Delaware opened its new sportsbook venues for parlay and teaser betting on NFL games, lawyers for the state filed a petition asking the full Third Circuit Court of Appeals to rehear arguments in a lawsuit that prohibited Delaware from offering single-game wagering on NFL games. "The State of Delaware should have its day in court...read more

Chicago native creates new bets for old casino standbys

LAS VEGAS, Nevada -- Frank Mugnolo isn't one of those table-game inventors trying to come up with the next Let It Ride or Caribbean Stud. The number of successful nontraditional table games can be counted on one hand. Mugnolo, a certified public accountant from Chicago, sticks with the basics...read more

Wynn a longshot for Aqueduct casino

LAS VEGAS, Nevada -- A New York business publication handicapped the bidding for a potentially lucrative casino complex at New York's historic Aqueduct Race Track that has attracted interest by several of the top casino operators. A proposal by Las Vegas-based Wynn Resorts Ltd., was made the longest of long-shots to win the bid by Crain's New York Business, but not before the publication wrote a glowing profile on company Chairman Steve Wynn. The article's author called Wynn a "debonair 67-year-old with a toothy 150-watt smile and a perma-tan." For his part, Wynn touted the Mobile five-star and Michelin five-star rating earned by his company's Wynn Las Vegas. "I make people feel good and special...read more

Making the call for the Poker Hall of Fame

Considering I have been a life-long, certifiable sports nut, Hall of Fame arguments are second nature for me. In fact, I've spent more time than I care to admit debating the merits of certain players and whether or not they deserve plaques of their own hanging on the sacred walls of their respective Halls of Fame. That's what's great about Hall of Fame discussions...read more

Top-10 players to watch at WSOPE

The World Series of Poker Europe gets underway from London later this week and while the event still doesn't garner the attention that its sister WSOP event in Las Vegas gets each summer, it still manages to draw the biggest names in the game...read more

Gambling and the Law: Can Everyone Win In Florida?

Sometimes the most important part of a legal document are the words that are not there. Gov. Charlie Crist, for example, just signed a new compact with the Seminole Tribe. It expressly allows the Tribe to have slot machines and banking card games, like blackjack. What the compact doesn't mention is limits...read more