Featured Articles Archive - Page 532

Wynn posts net loss in fourth quarter

LAS VEGAS, Nevada -- Wynn Resorts Ltd. tumbled to a fourth-quarter net loss due to a nearly $100 million tax expense and falling revenues at the company's Las Vegas casinos. The news, announced Tuesday after the close of normal trading, sent the company's shares down almost 16 percent in after-hours trading on the Nasdaq National Market, erasing the day's gains. Wynn Resorts said its net loss in the fourth quarter ended Dec...read more

Boyd makes Station Casinos an offer

LAS VEGAS, Nevada -- Boyd Gaming Corp. has made a $950 million offer to acquire a significant portion of locals gaming rival Station Casinos, the company announced Monday in a filing with the Securities and Exchange Commission. Boyd Gaming currently operates nine casinos in Las Vegas and Henderson...read more

Gambling slump may last until 2011

LAS VEGAS, Nevada -- A British gaming adviser said the 50 largest gaming companies worldwide lost a combined $140 billion in shareholder value over the past 12 months. Global Betting & Gaming Consultants Chief Executive Officer Warwick Bartlett said a negative sentiment building toward gambling might keep a financial turnaround from taking place until 2011. "Consumers have become overwhelmed by uncertainty about their jobs," Bartlett said...read more

CityCenter starts accepting hotel reservations

LAS VEGAS, Nevada -- MGM Mirage will begin accepting hotel reservations Monday morning for rooms at two of the $9.1 billion CityCenter's properties, the Vdara hotel and condominium tower, and Aria, the project's centerpiece hotel-casino. Vadara, a non-gaming resort, will open on Oct...read more

Honest answer, yes, but here's the explanation why

Dear Mark: My favorite slot to play is video keno. I've been playing them since their inception. I find I win more than a live keno game, besides, they don't offer a live game anymore where I play. Now, video keno is no longer available. I complained, and I was told they were no longer profitable...read more

Card-counting iPhone application sees sale spike

LAS VEGAS, Nevada -- Nevada gaming regulators hoped to freeze sales of a blackjack card-counting application for iPhones by telling the world the software could convert the high-tech phone into an electronic cheating device. So much for that idea: The announcement had the opposite effect. Travis Yates, an Australian software designer who developed the Blackjack Card Counter application that uses four different strategies, said his sales were averaging about 10 per day at $4.99 a pop on the iTunes Application Store. The day after the Review-Journal reported on the regulators' Feb...read more

'Madness of March' captures hoops betting colorfully

In 1991, Chad Millman penned a book about basketball betting titled The Odds. It is now out of print and sadly so because it's painfully rare today that we see any book devoted to basketball betting, much less this phenomenon of March Madness -- the NCAA tournament...read more

Software inventor still owed $1 million from Progressive Gaming

LAS VEGAS, Nevada -- A software inventor who sold four patents to now-foreclosed Progressive Gaming International Corp. is still owed about $1 million for the intellectual property and isn't sure how he will collect his money. The patents, which cover devices that can be used to automatically monitor and secure casino card games, were purchased by International Game Technology in January when the slot machine maker acquired "substantially all of the assets" of Progressive Gaming in a liquidation sale. Dale Hill, a 74-year-old resident of Spring Branch, Texas, developed the products...read more

Top-10 things to do in Las Vegas to cure a botched Valentine's Day

All right. So you screwed up Valentine's Day. Everybody does that at least once. But the key is how you recover. You can't go the flowers and chocolate route. It's too late for that. A romantic dinner is a nice gesture, but it's definitely not enough to get you off the hook...read more

Nevada on the lookout for iPhone card counters

LAS VEGAS, Nevada -- Users of iPhones beware -- state gaming agents are watching you. California gaming authorities tipped off their Nevada counterparts to a blackjack card-counting program that can be used on either the Apple iPhone or the Apple iPod Touch portable music player. "The program calculates the true count and does it significantly more accurately," according to a Gaming Control Board memorandum sent to casino operators last week warning of the electronic device. Card counting is not illegal in Nevada casinos...read more