Featured Articles Archive - Page 506

Shuffle Master names CFO

LAS VEGAS, Nevada –- After 17 months without a fulltime chief financial officer, Shuffle Master Gaming stepped outside the casino industry to fill the position. Shuffle Master, which manufactures table games and develops gaming management systems and equipment, named Linster Fox as CFO. Fox has been CFO of both public and private technology companies for the past nine years...read more

Wynn Resorts profits drop but top forecast

LAS VEGAS, Nevada –- A 91 percent decline in quarterly net profits didn't concern Wynn Resorts Ltd. investors, analysts or even company Chairman Steve Wynn. The results still equaled a profit. "It wasn't star-studded, but it was better than most people thought," Wynn said Thursday as the casino operator reported earnings for the second quarter that ended June 30. Falling gaming revenue and costs associated with the December opening of the $2.3 billion Encore affected the company's bottom line. Wynn Resorts said its profits in the quarter were $25.5 million, or 21 cents per share...read more

Deal Me In: But it looks like a slot, quacks like a slot

Dear Mark: If it's true that slot plays change every millionth of a second at random, and that every play is completely random, how do you explain that the three "ovals" (the big hit) don't come up as often as, say, "cherry-bar-bar" or any other small pay or loser? I mean, there are only so many pictures on those reels on the old mechanical slots, my favorites...read more

A Calvin Ayre and BodogBrand.com education in Antigua, CalvinAyre.com style (Ya, I thought he was retired too)

Surprise! He's back. Well, technically, Calvin Ayre never left "Bodog Land", but he is no longer an online gambling operator, that is for sure. In fact, Calvin sold the "Bodog" database and much of the existing infrastructure to the Morris Mohawk Gaming Group (MMGG), something that many people are unaware of...read more

Analyst upgrades view of Las Vegas Sands

LAS VEGAS, Nevada –- Las Vegas Sands Corp. reports second quarter earnings Thursday, but one gaming analyst isn't waiting for the official numbers to upgrade his view of the casino operator. Macquarie Securities gaming analyst Joel Simkins said this morning investors might want to take another l...read more

Nevada Gaming Control board escapes cuts

LAS VEGAS, Nevada –- Nevada gaming regulators fared better than other state agencies at the Legislature. Faced with a possible 15 percent operating budget reduction that could have slowed state-mandated audits and curtailed law enforcement functions, the Gaming Control Board made successful arguments to Carson City lawmakers to keep much of the agency's proposed budget intact. The control board, which oversees Nevada's multibillion-dollar casino industry, saw its 2010-11 budget slashed by $6.1 million, as opposed to the $11.1 million reduction offered by Gov...read more

Playing It Smart: How does jackpot size affect slot machine performance?

You're cruising the aisles of your favorite den of iniquity. You see that some slots have huge jackpots while others have rather moderate high-end returns. Many solid citizens figure only suckers don't go for the gold. A jackpot is a longshot, anyway...read more

Pinnacle reports $4.7 million profit

LAS VEGAS, Nevada –- The sale of stock in a rival casino operator helped Las Vegas-based Pinnacle Entertainment reverse a second-quarter loss from a year ago. The regional casino operator reported a profit of $4.7 million, or 8 cents per share, for the quarter ended June 30...read more

Shulman throwing barbs at WSOP

LAS VEGAS, Nevada –- The nine players who qualified for the World Series of Poker's main event final table are using the four-month break between hands to sign sponsorship deals, relax, or better their game. Card Player magazine Editor Jeff Shulman is spending the time lobbing bombs at tournament owner Harrah's Entertainment. Shulman, 34, sparked a dustup when he told a poker blog he would toss the World Series of Poker champion bracelet "in the garbage" if he won the $10,000 buy-in no-limit hold 'em main event. He didn't backtrack after earning a seat at the final table...read more

Heard it on the river: Plenty to do at Tunica

How many times have your heard the tired refrain…"there's nothing to do outside of the casinos in Tunica." What a crock. Maybe we don't have naked dancing ladies, bar hustlers, fleece and release joints and overly expensive restaurants with celebrity chefs but if you stop and smell the roses you will find there's plenty do besides whacking away at a slot machine or hollering "all in." Like the TUNICA RIVER PARK for instance which just re-opened its Eco Trail after needed repairs from flooding and some updating for more viewing pleasure of the woods and wildlife that abound along the Mississippi River...read more