Featured Articles Archive - Page 527

LV Sands loses bid to set aside Suen judgement

LAS VEGAS, Nevada -- Las Vegas Sands Corp. lost a bid Monday to set aside a $58.6 million judgment that a Clark County jury awarded Hong Kong businessman Richard Suen following a six-week civil trial. Rusty Hardin, the Houston-based attorney for Las Vegas Sands, said after nearly four hours of arguments that the case would be appealed to the Nevada Supreme Court. Los Angeles attorney John O'Malley, who represented Suen, said he hoped Las Vegas Sands "would pay the judgment promptly." Las Vegas Sands is expected to post bond on the judgment within five days. District Judge Michelle Leavitt denied two motions brought by the casino operator; one was for a new trial and a second sought to reduce the judgment, which consisted of $43.8 million awarded by a jury and $14.8 million in interest tacked onto the verdict. Suen did not attend the hearing, but Las Vegas Sands Chairman and Chief Executive Sheldon Adelson watched about an hour of arguments by Hardin before leaving the courtroom. In May, a five-woman, three-man jury deliberated for about 10 hours over two days before deciding that Suen should be compensated for helping Las Vegas Sands win a lucrative Macau gaming license in 2002...read more

Top-10 mistakes made by Texas Hold'em players

Being asked to come up with the "Top-10 List of the Most Common Texas Hold'em Mistakes" was an easy assignment for me. After all, there's a reason why my business card says "poker writer" on it instead of "poker player." But rather than trying to explain why I am prone to making some rather unwise moves at the poker table, I decided to reach out to a couple of guys who know much more about the game than I do and ask them what they see as the most common mistakes made by Hold'em players...read more

Agent trades clubs for cards

LAS VEGAS, Nevada --Brian Balsbaugh had his heart set on becoming a professional golf agent. His marketing and law degrees from Indiana University put him on that course. When he joined a small Minneapolis-based sports management firm in 1998, Balsbaugh's career path was set...read more

INSIDE GAMING: New Harrah's slots appeal to Trekkies

LAS VEGAS, Nevada -- Attention "Star Trek" nerds: engage at warp speed or beam yourselves to Harrah's Entertainment casinos in Las Vegas. The company is rolling out "Star Trek"-themed slot machines built by WMS Industries. The equipment manufacturer unveiled the games at last month's Global Gaming Expo...read more

Herbst Gaming talks restructuring with lenders

LAS VEGAS, Nevada -- Herbst Gaming said late Thursday it is discussing a restructuring agreement with its lenders after missing a $5.1 million interest payment earlier in the week. In a filing with the Securities and Exchange Commission, the locals gaming company also extended its forbearance and standstill agreement with its banks until Feb...read more

Playing It Smart: Casino cribbage

Casinos occasionally introduce new games. They're usually variations of old standbys. Once in a while, though, a new genre appears games using the poker paradigm being prime examples. Developing new casino games can be lucrative. Whoever owns the rights typically, the patents earns royalties...read more

Deal Me In: Munchin' on casino freebies

Dear Mark: Is there any way of lowering the casino's 1.5% edge on a pass line bet by hedging it somewhere else on the table? Brad D. If you're thinking of those snake oil proposition bets pitched by barking dealers (hard ways, field bets, one number rolls, etc.), absolutely not...read more

Two sue LV Sands over stock drop

LAS VEGAS, Nevada -- Two shareholders of Las Vegas Sands Corp. have sued the casino operator's board of directors over the falling price of the company's shares, which have lost roughly 95 percent of their value in the past 14 months. The lawsuit, filed Nov...read more

Slotboom's poker secrets; killer roulette fresh stuff

Rolf Slotboom's Secrets of Professional Poker 1: Winning Strategies for Limit Hold'em, No Limit Hold'em and Omaha ($24.95, paperbound, 253 pages) and Carl Sampson's Killer Roulette ($19.95, paperbound, 202 pages) are two of the newest and best books on each game.One of the most respected players on the circuit, Slotboom cashed in seven events in the 2007 World Series of Poker, which gives a ton of credence to his coverage of professional poker...read more

60 Minutes producer provides the story behind the story

You can say what you want about the 60 Minutes piece that ran Sunday night about the cheating scandals at Absolute Poker and UltimateBet -- and almost everyone in the online poker community has. But the man who produced the segment says the venerable television news magazine show accomplished exactly what it set out to do when it began investigating the story eight months ago...read more