Featured Articles Archive - Page 551

2008 Borgata Poker gets off to a record-breaking start

The sixth annual Borgata Poker Open got off to an auspicious start last week when a record 1,192 players turned out for Event #1, a $300 No Limit Hold'em that drew a prize pool of $357,600 and a first-place prize of $77,170. New Jersey native Daniel Apicella won the event, just a little more than a year after he won $107,360 with a win at the 2007 Borgata Summer Open in the $1,000 No Limit Hold'em event...read more

Inside gaming: Signs of trouble from slot giant

NEVADA -- Twelve months ago, Wall Street analysts never imagined having concerns about International Game Technology. The Reno-based company, which has a large corporate presence in Las Vegas, controls the lion's share of the worldwide slot machine market. IGT has been an analysts' darling among manufacturers...read more

Violations doom bid by Glitter Gulch to add slots

NEVADA -- The Topless Girls of Glitter Gulch strip club probably blew its chance of convincing Nevada gaming regulators it was a suitable location to house slot machines in February. State gaming agents entered the Fremont Street club undercover twice to investigate the property...read more

Brandywine clears step to run Herbst Gaming sports books

LAS VEGAS, Nevada -- Gaming regulators on Thursday gave sports book operator Brandywine preliminary approval to operate sports and race wagering facilities at six Herbst Gaming properties. Meanwhile, an attorney for Herbst said the financially troubled casino operator is still negotiating with its lenders and hopes to have a resolution to debt issues by the end of the month. The deal with Brandywine, which gives the sports book operator control of the race and sports books at Terrible's on East Flamingo Road, the company's three Primm casinos and two casinos in Pahrump, still allows Herbst to share in any revenues. "It's a great deal for us," Herbst general counsel Sean Higgins said following a brief hearing in front of the Nevada Gaming Control Board...read more

High-rise goes high-end with Regis brand

LAS VEGAS, Nevada -- Las Vegas Sands Corp. will attach the high-end St. Regis brand to its $600 million condominium project on the Strip, solidifying a growing relationship between the casino operator and Starwood Hotels & Resorts Worldwide. In a joint statement, the companies announced the development would be called The St...read more

International Game Technology exec exits; analyst imagines shake-ups

RENO, Nevada -- The No. 2 executive at International Game Technology resigned Wednesday, leaving one Wall Street analyst speculating that more shake-ups are pending at the slot machine manufacturing giant. Reno-based IGT announced the resignation of Chief Operating Officer Steve Morro in a filing with the Securities and Exchange Commission...read more

After slight Gustav hit, casinos ready to reopen

LOUISIANA -- Unlike hurricanes Katrina and Rita, Hurricane Gustav caused more disruption than destruction to the Gulf Coast casino industry. The storm made landfall on Labor Day and brought about minimal damage to casinos in New Orleans, Lake Charles, La., and the Mississippi gaming communities of Bay St...read more

Adventures in Scandinavia Part 1: Helsinki

Pointy shoes and tight pants Affiliate Lounge Tomas, lunch date and great friend I am back from the land of blonde hair, blue eyes, IKEA, reindeer, herring, pointy shoes and tight pants. Wow, I miss that land. My twelve day vacation included two of the world's most amazing cities, Helsinki and Stockholm, and even more importantly, some of the most amazing (and better looking) friends I have ever made in my life...read more

No Withholding on Poker Tourneys

The Internal Revenue Service has decided that every poker operator in the United States will have to report anyone who wins more than $5,000 in a poker tournament. To get around the fact that Congress never authorized this, the I.R.S...read more

Deal but no dealer

LAS VEGAS, Nevada -- A Las Vegas poker dealer, who for obvious reasons did not want to give his name, had conflicting reactions while trying out the new electronic poker tables at the Excalibur. As a dealer, he hated the 10-player tables which are fully automated and do not require cards, chips or a dealer...read more