Featured Articles Archive - Page 542

Gambling stocks down again in November

LAS VEGAS, Nevada -- Investors in gaming stocks are glad only one month remains in 2008. Despite some end-of-the-month upticks in the stock markets as a whole, November was another downward slide for gaming. Nine out of the 10 casino operators and slot machine manufacturers charted by Las Vegas-based business advisory firm Applied Analysis showed month-over-month declines in their average daily stock prices...read more

Legalization of sports gambling would help Dover

Dover Downs Gaming & Entertainment could recoup gaming revenue it will lose to Maryland slots sites if Delaware legalizes sports gambling, said a Wall Street analyst Sunday. In an analysis of Dover stock, Lawrence Klatzkin of Jefferies & Co...read more

Top-10 things that make a good casino dealer

While the goal of most every casino gambler is the same, there's more to the experience than simply walking away from the table with more chips in your hand than when you arrived. There's the entertainment value of your trip to a casino...read more

Cool stuff but no takers

LAS VEGAS, Nevada -- Linda Zarzycki, a purchasing manager at the Potawatomi Casino near downtown Milwaukee, said some of the newer slot machines displayed during the Global Gaming Expo this week caught her attention. Same for Barry Joannides, general manager of the Prairie's Edge Casino, situated 129 miles west of Minneapolis...read more

Deal Me In: A little bar stool trivia on cards

Dear Mark: Is there any way of producing luck when you gamble? Wendy P. Producing luck? Sure! You will always have more luck in the long run at games where the casino has a small house edge versus games where the casino has a large house edge...read more

Dubai World gets OK to increase ownership in MGM Mirage

LAS VEGAS, Nevada –- Dubai's investment arm was given permission to increase its ownership of MGM Mirage on Thursday, but one of its executives said that won't happen until market conditions warrant such a move. The Nevada Gaming Commission found Dubai World a suitable business and joint venture partner for MGM Mirage...read more

Casino-ology must read for enlightened management

Bill Zender is a dedicated jack-of-all-trades. He's a former casino manager, and was a gaming enforcement agent. He's also an expert on casino surveillance who has written a book that anyone worth his salt should read. It's a text that will help improve the plight of the player or the house...read more

Casino CFOs paint bleak picture for future

LAS VEGAS, Nevada --A panel of casino company chief financial officers, reflecting a cross section of the gaming industry, on Wednesday painted a bleak picture for businesses looking to raise money over the next few years. The sinking national and global economies aren't going to cooperate, panel members said. The panel, which included representatives from MGM Mirage, regional casino operator Penn National Gaming, Macau casino operator Melco PBL and the Mohegan Sun Indian casino, all said money for expansions and other projects is tough to secure. "It's not a gaming or hospitality industry issue alone," MGM Mirage Chief Financial Officer Dan D'Arrigo told an audience at the Global Gaming Expo during a discussion on the state of the economy...read more

SunPoker joins iPoker Network

SunPoker has announced on its Web site that it is changing platforms from the Cryptologic Network to Playtech's iPoker Network. The online poker room says it is making the switch to increase the number of games available to players and improve the quality of tournaments. SunPoker says it will be sharing more details about the move with players in mid-December...read more

Shuffle Master VP under investigation by SEC

LAS VEGAS, Nevada -- Shuffle Master Gaming Senior Vice President Brooke Dunn is under investigation by the Securities and Exchange Commission for alleged improper trading in the company's stock by an unrelated third party. The gaming equipment company made the announcement in its own filing with the SEC this morning. Shuffle Master required Dunn to step down as an executive officer with the company...read more