Featured Articles Archive - Page 560

Playing It Smart: Are you paid by how often you win, or by how much?

In "Fooled by Randomness" (Random House), Nassim Nicholas Taleb tells of a high-level meeting at a Wall Street brokerage. The honchos asked whether he thought the stock market would go up or down the following week. "Up," he replied. And, when pressed, predicted a strong probability it would do so about 70 percent...read more

Wynn, Fountainebleau, Riviera bond ratings cut

LAS VEGAS, Nevada -- Moody's Investors Service downgraded the bond ratings of three more casino operators Friday and placed a fourth on review, the day after taking action on four casino operators covering more than $38.3 billion in publicly held debt. Declining gaming revenues in Las Vegas were the driving force for Moody's revising its bond ratings on the industry...read more

Boyd Gaming board member resigns

LAS VEGAS, Nevada -- A member of the Boyd Gaming Corp. board of directors resigned from his position with the casino operator last week, six days before his own privately held company pleaded guilty in federal court to felony immigration charges. Luther Mack, a five-year member of Boyd Gaming's board, owns 11 Northern Nevada McDonald's restaurants through his privately held Mack Associates...read more

Moody's lowers bond ratings for Harrah's, Station

LAS VEGAS, Nevada -- Moody's Investors Service downgraded bond ratings Thursday for Harrah's Entertainment and Station Casinos based on declining gaming revenues in Las Vegas. The ratings service also put casino giants MGM Mirage and Las Vegas Sands Corp...read more

IGT praised despite down quarter

LAS VEGAS, Nevada -- Only in these current market conditions, with gaming industry stock prices slumping to historic lows, would the leading slot machine manufacturer be praised for a quarterly earnings miss. Reno-based International Gaming Technology said Thursday its net income for the third quarter that ended June 30 declined to $108.3 million, or 35 cents a share, compared with $136.4 million, or 42 cents a share, for the same period a year ago...read more

Steele's "College FB Scorebook" and Lawrence's "Black Book" angle-packed

Need the last 20 years of results of college football games, with spreads? How about a betting angle for virtually every team, each week? Wonder who the coaches were years back or today? All this and more is at your fingertips with Northcoast Sports (Phil Steele) College Football Scorebook (375 pages, 8x11, plastic spiralbound, $29.95)...read more

Shuffle Master retains CEO

LAS VEGAS, Nevada -- Gaming equipment provider Shuffle Master said Monday it gained commitments for $60 million in bank financing that could grow to as much as $80 million. The company also said that it has extended its contract with Chairman and CEO Mark Yoseloff through October 2009...read more

Record payday for Michelle

LAS VEGAS, Nevada -- Tiffany Michelle spent the past three years as part of the large contingent of poker media covering the World Series of Poker. This year she decided to get into the game. Michelle didn't achieve her goal of becoming the first woman to ever win the World Series of Poker's main event, the $10,000 buy-in No Limit Texas Hold'em World championship at the Rio...read more

A well-earned break

LAS VEGAS, Nevada -- If Dennis Phillips had his way, he would have retreated to his hotel room early Tuesday morning and caught a few hours of sleep. The 53-year-old commercial trucking company manager would have then got up, put on a clean shirt, returned to the Rio and sat back down in his seat behind a growing stack of tournament chips at the World Series of Poker's final table. Instead, Phillips is heading home to St...read more

WSOP calls on an A-Team of dealers as the Main Event stakes grow higher

LAS VEGAS –- Two TV cameras. Two guys holding boom microphones. Three ESPN producers. At least 50 eager spectators leaning in over the rail, including four boisterous 20-something males who appear to have already downed at least six cups of beer each...read more