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Featured Articles Archive - Page 532

  • Latest Articles     5311 - 5320

 
Articles by Howard Stutz

MGM Mirage chief retiring at end of the month

14 November 2008
LAS VEGAS, Nevada -- MGM Mirage Chairman and Chief Executive Officer Terry Lanni will retire from the casino operator on Nov. 30 and has recommended that he be replaced by the company's chief operating officer, Jim Murren. The MGM Mirage board of directors has to approve the executive changes, possibly by next week...read more
 
Articles by Howard Stutz

Herbst Gaming faces tough choice

13 November 2008
LAS VEGAS, Nevada -- Herbst Gaming has until Dec. 3 to accomplish one of two tasks -- pay its bondholders more than $846.8 million or come up with a restructuring plan for the company's debt payments. Otherwise, the Las Vegas-based company will probably end up in bankruptcy court. Herbst, which operates 15 casinos in Nevada and the Midwest and a 7,200-machine Nevada slot route business, said in March it was facing bankruptcy unless it could restructure the company's $1.2 billion debt...read more
 
Articles by Vin  Narayanan
Articles by Vin Narayanan

Banks given until Dec. 1, 2009 to comply with UIGEA

12 November 2008
Breaking news: The U.S. Department of Treasury and Federal Reserve announced a joint rule Wednesday to implement and enforce the Unlawful Internet Gambling Enforcement Act. The rule relies on financial institutions performing due diligence on corporate customers to ensure they're not processing online gambling transactions...read more
 
Articles by Rebecca  Liggero
Articles by Rebecca Liggero

Back from London and Stockholm…minus an umbrella, phone (not mine, thank god) and 20 years off my life.

12 November 2008
Casinomeister birthday party Wow is all I can say. Casinomeister, can you turn 50 again please? Amazing birthday party, great GPWA conference, ridiculous dinner with RaketheRake.com, crazy times at Mahiki, even more adventures in Scandinavia (part 3), and roughly 10 hours of sleep...read more
 
Articles by Howard Stutz

Las Vegas Sands outlines recapitalization plan

12 November 2008
LAS VEGAS, Nevada -- Las Vegas Sands Corp. on Tuesday unveiled details of its $2.14 billion capitalization plan to right the company's financial woes, but a regulatory filing shows there may be deeper problems at the casino company. The company will receive a $525 million investment from the family of Chairman and Chief Executive Officer Sheldon Adelson and will also sell $1.62 billion in additional shares to avoid defaulting on several loans and to fend off the possibility of bankruptcy. However, in the company's 10-Q filing Monday with the Securities and Exchange Commission, Las Vegas Sands told investors that there is conflict between Adelson and members of the senior management team. According to the passage, there has been "a loss of confidence" by certain senior management members in the management of the company...read more
 
Articles by Howard Stutz

Sands suspends construction in Vegas and Macau

11 November 2008
LAS VEGAS, Nevada -- Las Vegas Sands Corp. told investors Monday it's stopping construction on its $600 million Strip condominium tower and shelving some of its development plans in China. Company President Bill Weidner said the changes could reduce Las Vegas Sands' capital expenses by $1.8 billion. "We are going to right size our development pipeline," Weidner said. Also, Las Vegas Sands announced plans for a $2.14 billion capital raising program with Wall Street investment firm Goldman Sachs...read more
 
Articles by Vin  Narayanan
Articles by Vin Narayanan

Eastgate locks up 2008 WSOP crown

11 November 2008
LAS VEGAS -- Denmark's Peter Eastgate beat Russia's Ivan Demidov in four hours of heads-up play Monday night to win the World Series of Poker Main Event and $9.1 million. Demidov won $5.8 million for finishing in second place. With the victory, the 22-year-old Eastgate became the youngest WSOP Main Event champion...read more
 
Articles by Gary  Trask
Articles by Gary Trask

WSOP final table heads-up notebook

11 November 2008
LAS VEGAS -- Erick Lindgren is generally regarded as one of the most well-liked poker professionals, both by the fans and fellow pros. And if you consider the generosity he has shown towards his family, it's easy to see why. When Lindgren finally won his long-awaited World Series of Poker bracelet in June, the first thing he did was call his parents back home in California and tell them he was sending them the actual bracelet as a reward for all of their support...read more
 
Articles by Vin  Narayanan
Articles by Vin Narayanan

Top-10 memorable moments from the WSOP Main Event final table

10 November 2008
LAS VEGAS – It was the goal of the people who run the World Series of Poker to generate more drama and excitement for the Main Event's final table by pausing the action for 117 days. Anyone who was inside the Penn & Teller Theater on Sunday and Monday to see the 2008 champion crowned would find it difficult to deny that goal was accomplished. Here's 10 moments from both inside and outside the rail that we here at Casino City considered to be the most memorable. 10...read more
 
Articles by Vin  Narayanan
Articles by Vin Narayanan

WSOP final table down to Demidov-Eastgate

10 November 2008
LAS VEGAS -- Ivan Demidov and Peter Eastgate are at the top of the poker universe. After waiting 117 days to begin table action at the World Series of Poker Main Event, Ivan Demidov and Peter Eastgate outlasted and outplayed the rest of the November 9 Sunday and will play heads-up for the WSOP Main Event bracelet and $9.1 million on Monday night...read more

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