Featured Articles Archive - Page 528

Progressive Gaming files to liquidate

LAS VEGAS, Nevada -- Progressive Gaming International, which saw substantially all of its assets sold to International Game Technology in a foreclosure sale in January, formally filed for bankruptcy liquidation this week. The company, which provided gaming systems and other technology to casinos, owes more than $5.6 million to unsecured creditors, according to a Monday filing with the U.S...read more

Deal Me In: Tutorial on casino management

Dear Mark: A friend at Lake Tahoe is a dual rate dealer. Since he broke his hip skiing, he can't reach the pass line on the craps table. While he recovers, he has been working "the Pencil." He is spontaneous and multi-tasks well. Can you elaborate on this position? Randy S...read more

Treasure Island sale gets final OK

LAS VEGAS, Nevada -- Phil Ruffin is doing MGM Mirage a favor, and it only cost him $100 million. Ruffin, 73, who was approved Thursday by the Nevada Gaming Commission to take over Treasure Island from MGM Mirage, said he altered his deal with the casino operator. Instead of paying $500 million up front in cash, Ruffin increased the amount to $600 million...read more

Getting ready to bet baseball? Here are some fact-filled books.

Okay, you know how to bet baseball; you understand the money line, totals, parlays. But with the season less than a month away, how do you get a good start while linemakers are still trying to figure out who the "aces" are and who might disappoint? Luckily, there are some excellent resources to speed up your information-gathering efforts and what they contain. Baseball America Prospect Book (510 pages, paperbound, $30.95)...read more

Gambling sites included in Aussie 'blacklist'

EDITOR'S NOTE: The Web site GamblingHall.com is not on the black list that was leaked to Wikileaks as originally reported. Casino City apologizes for this reporting error. A "black list" of Web sites that the Australian government would require ISPs to block has been leaked to Wikileaks and it includes a number of online gambling sites. The list compiled by the Australian Communications and Media Authority (ACMA) was expected to contain sites that published child pornography...read more

MGM Mirage will need aid

LAS VEGAS, Nevada -- Even with a two-month reprieve from its lenders, MGM Mirage won't be able to weave its way through its current financial situation without the help of a bankruptcy court, Wall Street believes. The Strip casino giant bought itself until May 15 to come up with a restructuring plan covering at least $7 billion of its $13.5 billion in long-term debt...read more

Playing It Smart: Why try for a small jackpot, with a bigger prize down the aisle?

Slot machines of the same denomination may have greatly disparate jackpots. A 3-coin-maximum quarter game might offer as little as $500, or as much as $10,000, $25,000, or more, for a $0.75 bet. A nearby dollar device could have less of a biggie, or something much more grand at $3 a pop. You see solid citizens attacking them all...read more

MGM Mirage gets relief from vendors

LAS VEGAS, Nevada -- Lenders gave MGM Mirage some much needed financial relief through the middle of May. The casino operator, in danger of defaulting on $7 billion of its long-term debt, announced Tuesday its lenders had waived requirements that the company be in compliance of its senior credit facility covenants until May 15. However, the company said in a filing with the Securities and Exchange Commission that auditors have raised "substantial doubt" about MGM Mirage's ability to continue, Bloomberg News reported...read more

Professor mixes law with gaming

LAS VEGAS, Nevada -- Bob Faiss has a résumé that reads like a documentary of the Nevada gaming industry. So it was logical that Faiss's oral history book, "Gaming Regulation and Gaming Law in Nevada," be part of the 50th anniversary celebration of the Nevada Gaming Commission...read more

Top-10 tells in poker

The fastest way to poker riches is detecting your opponent's tells, and covering up your own. With that mind, we offer up our top-10 tells in poker: 10. Double-checking their hole cards Generally, most players remember when they have a pocket pair...read more