Featured Articles Archive - Page 507

Gambling and the Law: Almost the Law

Law school classes are conducted using the case method. Students are given published court opinions and then questioned on what they deduce the law is. This produces lawyers with the mistaken belief that the first place to look when conducting legal research is reported cases. It is dangerous to forget that the final say on the law still usually means a bill that has been approved by a legislature and signed by the executive...read more

Investors bet on IGT despite down quarter

LAS VEGAS, Nevada –- Investors are looking toward the future and not the past when it concerns International Game Technology. The Reno-based slot machine giant said Thursday its profits declined 39 percent in the quarter that ended June 30...read more

Deal Me In: Yes, the casino wants an occasional winner

Dear Mark: Why is it that when losing, so long as I keep playing, casino management is polite and courteous, but once I start winning, and winning big, I feel a change in attitude? Fred F. Regrettably, Fred, there are some in casino management that sweat the money as if it were their own pirated loot...read more

Ex-dealer sues Caesars Palace over smoke exposure

LAS VEGAS, Nevada –- A dealer who spent two decades at Caesars Palace has sued the Strip resort and parent company Harrah's Entertainment in federal court claiming that exposure to secondhand smoke forced her to quit her casino job. In a lawsuit that attorneys are seeking to have certified as a class action case, former blackjack dealer Tomo Stephens claimed Caesars Palace isn't doing enough to protect its workers from the dangers of secondhand smoke. The lawsuit, filed Wednesday in U.S...read more

Bodog.com's journey towards global expansion: Bodog Europe's Keith McDonnell explains it all while enjoying some Antiguan sea, sun and a little rum punch

Antigua with Keith and Calvin As I learned during my recent visit to the Morris Mohawk Gaming Group in Kahnawake, Bodog.com is back and ready to step into the spotlight once again. To further my ongoing Bodog education, I was provided with the opportunity to join the BodogBrand.com licensing group and Bodog Europe executive team in Antigua to learn more about the Bodog Brand's global expansion and affiliate system plans...read more

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