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Featured Articles Archive - Page 536
Playing It Smart: The elegant side of roulette28 October 2008 Roulette has an underlying elegance few solid citizens (or casino bosses, for that matter) appreciate. Bets on combinations such as corners or columns pay the same as on the total spread uniformly over the identical numbers. It's invariably in whole dollars, and it means that the edge is consistent regardless of what's bet.
This holds universally at single-zero roulette...read moreExperienced 'Chino' Rheem set to make bid for WSOP title27 October 2008 David "Chino" Rheem certainly has all the necessary attributes to be the last man standing when all is said and done at the upcoming final table of the World Series of Poker's 2008 Main Event.
Everything except a big stack of chips, that is...read moreArticles by Howard Stutz
![]() Slot machine lawsuits spinning out of control27 October 2008
LAS VEGAS, Nevada --If you find the constant legal wrangling between rival slot machine makers International Game Technology and Bally Technologies perplexing, you're not alone.
Roughly a dozen patent infringement lawsuits and antitrust claims between the companies are floating through the federal courts...read moreArticles by Howard Stutz
![]() Gaming industry bets big on McCain27 October 2008 LAS VEGAS, Nevada -- Gaming has bet the house on the presidential campaign of Republican John McCain.
Through September, individuals with ties to casinos have contributed more than $260,000 to McCain's campaign, according to the nonpartisan Center for Responsive Politics...read more![]() New books focus on lottery, betting on games, Wall Street23 October 2008 Sometimes it's like a feeding frenzy as lottery terminals and computer terminals hum all across the United States. People bet billions of dollars annually on lotteries and on Wall Street. Sometimes it's tough to tell the difference between what your chances are of hitting the big one in either endeavor...read moreArticles by Howard Stutz
![]() Judge tosses motion to order Sands to post bond21 October 2008 LAS VEGAS, Nevada -- District Judge Michelle Leavitt denied a motion Monday that would have ordered Las Vegas Sands Corp. to post a bond on a $58.6 million judgment against the casino operator won by Hong Kong businessman Richard Suen following at six-week trial last spring.
After a brief hearing, Leavitt said she didn't believe Las Vegas Sands was in financial trouble despite the current global economic crisis.
Attorney John O'Malley of Los Angeles, who represents Suen, said Las Vegas Sands' failure to list any reserves to cover the verdict, a more than 90 percent decline in the company's stock price in the past year, and a $475 million cash infusion into the company by Chairman and Chief Executive Officer Sheldon Adelson on Oct...read morePlaying It Smart: Saving a buck at the casino21 October 2008 Sir William Thompson, aka Lord Kelvin, a 19th Century Scottish engineer, said, "When you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is of a meager and unsatisfactory kind."
Few things are more definitively measured and expressed in numbers than money and probabilities...read moreArticles by Howard Stutz
![]() Inside gaming column: New casino hopes to match price to patrons20 October 2008
LAS VEGAS, Nevada -- The challenge for Station Casinos in opening Aliante Station is to not scare away the customers. In other words, the $662 million North Las Vegas hotel-casino may resemble Red Rock Resort in Summerlin, but it better not have Red Rock prices.
Aliante Station executives seem to have to have taken that thought to heart.
"The key is to have approachable price points, to correctly market the property and to be smart enough to understand our customer base," Aliante Station general manager Joe Hasson said.
Some 1,500 of Aliante Station's 2,500 slot machines are multidenomination penny-based games...read moreArticles by Howard Stutz
![]() Gambling beyond Nevada: Eyeing markets and taking chances20 October 2008 WASHINGTON, D.C. -- Amid collapsing credit markets and sinking stock prices, gaming industry leaders are looking for any piece of positive news. They hope voters in five states will give them a reason to smile come Nov. 4.
Voters in Colorado, Maine, Maryland, Missouri and Ohio are evaluating gaming expansion or changes to existing gaming laws...read moreDeal Me In: It probably doesn't matter where you sit17 October 2008 Dear Mark: You mentioned in a recent column regarding 98% slot paybacks that "if you look closely at the casino advertisement, it will probably say, "on select machines." Typically that means dollar machines, but the return usually it is not posted on the machine itself, and generally will be limited to a single carousel of machines, or possibly just one or two slots." My question as to that comment is, on each machine on a carousel that are linked together, such as Megabucks, are the paybacks the same? Frances D...read more |
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