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Featured Articles Archive - Page 507
Top-10 players you want to watch at the WSOP11 May 2009 As we pointed out in our recent Top-10 tidbits from the 2009 World Series of Poker Media Guide article, ESPN used 40 cameras to cover last year's WSOP. That's more than what NBC used to cover Super Bowl XLIII.
But as much as we enjoy the ESPN coverage of the WSOP, even 40 cameras can't capture all of the action...read moreArticles by Howard Stutz
![]() New WSOP rule could hamper Hellmuth11 May 2009 LAS VEGAS, Nevada -- The World Series of Poker's first high-stakes event starts on May 28. Which means we're just 18 days away from Phil Hellmuth's first temper tantrum of the tournament.
A new discipline system, however, could render his next outburst his last.
World Series of Poker officials want to do a better job tabulating infractions by players and improve enforcement...read moreArticles by Howard Stutz
![]() Bally earnings meet Wall Street expectations8 May 2009 LAS VEGAS, Nevada -- Bally Technologies said the weakened economy affected the company's third-quarter results as the slot machine maker matched analysts' estimates.
Las Vegas-based Bally said Thursday it posted a net profit of $29.3 million, or 52 cents per share, in the quarter ended March 31, down from a net profit of $30.2 million, or 52 cents a share, a year earlier.
Analysts polled by Reuters Estimates expected Bally to earn 52 cents per share.
Revenues fell 10.7 percent to $207.6 million from $232.6 million.
In addition to slot machines, Bally Technologies sells technology and systems for casino management and slot machine management.
"Our diversified business model drove another very profitable quarter despite the challenging economy," Bally Chief Executive Officer Richard Haddrill said in a statement.
Bally said Thursday it plans to introduce several new slot machine titles and products in an effort to increase sales.
"The company continues to make great strides on the video side of the business on both the domestic and international fronts," Morgan Joseph gaming analyst Justin Sebastiano said in pre-earnings note to investors.
Bally announced earnings after the close of trading on the New York Stock exchange...read moreArticles by Howard Stutz
![]() Nevada economy edging closer to stability8 May 2009 LAS VEGAS, Nevada -- If you're looking for some positive news within March's 11.6 percent decline in Nevada gaming revenues, we have some.
The drop was the 15th straight month gaming revenues have tumbled in Nevada and the sixth consecutive month of double-digit declines...read moreDeal Me In: The Great Whamerooney, but it still slices like baloney?8 May 2009
Dear Mark: Do the large progressive slot machines offer the most potential with the least risk? Dan O.
Not a bit, Dan, because for the life-altering big score that a machine like Megabucks offers, you are looking at beating the odds of 30,000,000 to 1.
Sure, area progressives are usually the only machines that pay the really big bucks, but the long-term paybacks on these machines are usually the lowest in the casino, and at 30 million to one odds against, your chances of hitting the big one are a teensy weensy bit better than zilch.
If you're looking to maximize potential and minimize risk, your best bet is to play one coin at a time on what's called a "straight multiplier." By popping in just one coin on these machines, you're playing at the maximum payback and hit frequency with the lowest risk per spin.
A "straight multiplier" or "equal distribution" machine, usually has one payline and pays according to the number of coins you play...read moreFrank, King introduce online gambling legislation6 May 2009 Reps. Barney Frank (D-Mass.) and Peter King (R-N.Y.) introduced legislation Wednesday that, if passed, would create regulatory framework for online gambling in the United States.
"Internet gambling in the United States should be controlled by a strict federal licensing and regulatory framework to protect underage and otherwise vulnerable individuals, to ensure the games are fair, to address the concerns of law enforcement, and to enforce any limitations on the activity established by the states and Indian tribes," the 48-page bill reads.
The bill, which calls on the Treasury Department to regulate the industry, is careful about making sure individual states and Native American tribes have the right to impose further restrictions on Internet gambling or outright ban it.
A licensing system must "adopt and implement systems to enforce any applicable federal, state, and Indian tribe limitations," reads one part of the bill.
Another section of the bill indicates that one of the minimum requirements for a licensed operator is "ensure that no customer who is located in a state or tribal land that opts out...can initiate or otherwise make a bet or wager prohibited by such opt-out."
In order for an operator to obtain a license in the U.S., they would have to they had demonstrate they had a plan to, among other things, "protect underage and problem gamblers, ensure games are being operated fairly and comply with and address the concerns of law enforcement."
All operators would have to pass a background check...read moreList of Minnesota banned sites includes just 44 that accept U.S. players6 May 2009 Only 44 of the 200 Web sites that Minnesota's Alcohol and Gambling Enforcement Division want to block from its residents actually accept players from the state, according to an audit of the list that was completed by Casino City. That means just 22 percent of the sites AGED wants to block affect Minnesota residents.
Last week, the Minnesota Department of Public Safety (DPS) Alcohol and Gambling Enforcement Division (AGED) announced that it had instructed 11 national and regional telephone and Internet service providers to prohibit access of all Minnesota-based computers to nearly 200 online gambling websites...read moreArticles by Howard Stutz
![]() Sands suffers quarterly net loss6 May 2009 LAS VEGAS, Nevada -- Las Vegas Sands Corp. officials said Tuesday the company will plow ahead with the business plan it implemented in November despite suffering a first-quarter net loss of $34.6 million.
The operator of The Venetian and Palazzo on the Strip and two resorts in Macau said the net loss translated into a loss of 14 cents per share for the quarter that ended March 31.
A year ago, the company had a net loss of $11.2 million, or 3 cents a share...read moreAmsterdam Part 2: AAC- quality and quantity but we miss the Krasnapolsky!!6 May 2009
PAL's Jeremy perfecting yo-yo tricks at AAC
Here we go again...another conference, another city, another trip to the airport with eight 50 pound boxes and a booth, another weekend of parties and another industry gossip filled article...read moreArticles by Howard Stutz
![]() Wynn says bottom may be near6 May 2009
LAS VEGAS, Nevada -- A week after expressing optimism about Las Vegas' economic recovery, Wynn Resorts Ltd. Chairman Steve Wynn was more guarded Tuesday.
The operator of Wynn Las Vegas and Encore took a $33.8 million loss in the first quarter, due in large part to poor results at the company's Macau casino.
During Wynn Resort's conference call with analysts and investors, analysts were more focused on discussing whether Las Vegas was coming out of the economic doldrums that has plagued the gaming industry since last year.
"Our weekends are getting stronger," Steve Wynn said...read more |
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