Featured Articles Archive - Page 548

Stocks take hit

NEW YORK -- Wall Street did not react well to Thursday's news that Nevada's gaming win dropped by the largest percentage amount in 24 years. The 15.2 percent statewide slump in gaming revenues in May pummeled stock prices of the largest casino operators. Gaming analysts expected casino revenues to drop, but not by double digits. "Right now, the feeling out in the investment community is that things could get a lot worse," said Macquarie Group gaming analyst Joel Simkins. JPMorgan gaming analyst Joe Greff said Strip revenues were hurt by a reporting method where slot machine revenues from May 30 and May 31 will be reported in June because the month ended on a weekend. "We note that even after adjusting for this issue, results on the Strip were still pretty ugly," Greff said. Publicly traded gaming companies were hit with a second piece of bad news Thursday: Gaming revenues at Atlantic City casinos fell 11 percent in June. Shares of MGM Mirage fell nearly 22 percent, or $6.44 on the New York Stock Exchange, to close at $23.14, the casino operator's lowest price per share since 2005...read more

Top-10 moments of the WSOP Main Event

LAS VEGAS – Entering Monday's action, the Main Event at the 2008 World Series Poker was filled with special moments. Here's a look back at our 10 favorites. 10. Ante Up for Africa In a game where the primary goal is to make as much money for yourself as possible, it's nice to see that charity still has a place...read more

'Roothlus' finally conquers the WSOP

LAS VEGAS – A year ago at this time, Adam Levy was wrapping up a two-month stint as a youth camp counselor at a reform Jewish summer camp, deep in the woods of the Blue Ridge Mountains in northern Georgia. On Sunday, he was walking out of the Rio All Suite Hotel & Casino with $222,865 in his pocket after spending the last six weeks playing in the 2008 World Series of Poker...read more

'Get out of jail' card can't prevent Hellmuth elimination from WSOP

LAS VEGAS – On a day where Mike Matusow busted out of the World Series of Poker Main Event in 30th place, the WSOP's decision to rescind a one-round penalty levied against Phil Hellmuth late Saturday night dominated talk for much of the day. Hellmuth, who finished 45th after being eliminated late Sunday afternoon, blew up on the last hand of the night...read more

Ohio's Stein is proving he's a horse for the Main Event course

LAS VEGAS – For years, Drew Dakoski has been hounding his good friend Craig Stein to take a stab at playing in the World Series of Poker. Finally this spring, Stein reluctantly relented. He bought his way into a Mega Super Satellite event at the Mountaineer Casino Racetrack in West Virginia and went on to win a seat in the Main Event...read more

Sliwinski making a dream run at WSOP Main Event

Editor's note: Nicholas Sliwinski was eliminated from the Main Event Monday night. He finished 13th and won $463,201. LAS VEGAS -- The Main Event at the World Series of Poker began play Friday with 189 players remaining from an initial field of 6,844, including several popular professionals including Phil Hellmuth, Mike Matusow, Gus Hansen, Allen Cunningham and Victor Ramdin...read more

Trip to Korea has Khan thinking, acting differently

LAS VEGAS – Last year, every time Hevad Khan was on camera, it was like "A Night at the Improv." Nobody, including Khan himself, knew what he was going to do next. Was he going to get up and do a dance, the kind you'd see late at night from a drunken cousin at a family wedding? Was he going to do a Lambeau Leap into the crowd? Or would it be the classic, "I'm a bulldozer! I'm gonna bulldoze this table!" rant? "It was entertaining to watch, no doubt about it," admitted ESPN analyst, Norman Chad, who certainly doesn't need a lot of material to work with in order to make his viewers laugh...read more

WSOP Day 4: The marriage between TV and poker

LAS VEGAS -- The World Series of Poker Main Event is the biggest poker tournament in the world. It's also the biggest televised poker tournament in the world. And on Day 4 of the Main Event Friday, both sides of the equation were on display...read more

Hellmuth appeals to god for cards at the Main Event

LAS VEGAS - When Day 4 of the World Series of Poker Main Event began Friday, Phil Hellmuth was at ESPN's featured table with 475,000 in chips. More than five hours later, and with about half as many chips, Hellmuth went into "meltdown mode" at one of the outer tables in the Amazon Room, and it provided plenty of entertainment for the fans, his fellow players at the table and the ESPN cameras that were rolling non-stop during the 20-minute diatribe...read more

Has the Commercial Returned to Svenska Spel?

The appointment of Margareta Winberg as chair of Svenska Spel signaled a new phase for the company, one in which it would focus more on social responsibility and less on product expansion and advertising. Judging by Ms. Winberg's interview with Radio Sweden Thursday, however, it appears expansion is still in the cards. "We are still a company that is supposed to earn money, however with certain responsibilities," she said...read more