Featured Articles Archive - Page 571

Poker champ sees duty to share

LAS VEGAS, Nevada -- Winning poker's ultimate championship and $8.25 million a year ago changed Jerry Yang's bank account but not his attitude toward life. His wife, Sue, now drives around their hometown of Temecula, Calif., in a new Cadillac Escalade...read more

WSOP to feature 55 events

LAS VEGAS, Nevada -- The 2008 World Series of Poker kicked off its 39th run Friday with the first of eight different $10,000 buy-in championship events. The tournament, which runs through July 14 at the Rio, will feature 55 different events. In addition to the $10,000 buy-in events, the tournament has eight $5,000 buy-in events. The tournament, which is operated by Harrah's Entertainment, set records in 2007 for the most entrants, 54,288, and the largest total prize pool, $159.8 million. The biggest change in the tournament will be with the main event, the $10,000 buy-in no-limit Texas Hold'em world championship...read more

Quick-takes: The month's trends in a glance - May 2008

It is no longer a secret that the economy is in a downturn. Whether we use the word recession or refuse to use it, it is clear that 2008 is not the best of times for business or consumers. Casinos and casino stocks are no exceptions: most jurisdictions are reporting lower gaming revenues, and casinos stocks are down even more than the revenues...read more

Bits and Pieces from Indian Country - May 2008

As dismal as gaming news in general may be, Indian gaming, while subject to the same economic pressures and trends, has a couple of very positive stories. The Seminole Tribe of Florida is certainly one of those stories. The tribe, with a newly approved compact, is ramping up its casinos, adding Class III slot machines and Class III table games...read more

UltimateBet admits cheating occurred

UltimateBet's owners, Tokwiro Enterprises ENRG, admitted Thursday that UltimateBet security had been breached by former employees and accounts with access to opponent's hole cards were used to cheat in high-stakes games. "Certain player accounts did in fact have an unfair advantage, and that these accounts targeted the highest limit games on the site," said the company in a statement...read more

Deal Me In: Skill and a decent bankroll can go a long way in making you a winner

Dear Mark: For the average player, is there any mathematical advantage to playing two hands of blackjack versus one? Jason F. Playing two hands and what advantages or disadvantages it brings your way depends on your skill level. A skilled player using perfect basic strategy gives up the same approximately one-half percent edge to the casino on both hands...read more

Nevada budget cuts may impact gaming

LAS VEGAS, Nevada -- Gaming lawyers and casino observers worry that potential budget cuts ordered by Gov. Jim Gibbons will have a negative effect on Nevada's gaming regulatory process, leaving the industry without adequate staffing in several divisions. All state agencies, including the Gaming Control Board, are expected to submit budgets to the governor's office by next week that will reflect a 14 percent spending reduction. The Control Board uses general funds provided by the state but is also funded by fees generated through licensing applications...read more

Face Up 21 an intense blackjack variation

I find standard blackjack to be a rather relaxing game. I total up my cards, compare it to the dealer's up card, and then make the right decision according to Basic Strategy. I've pretty much programmed myself to make the right decision, so play moves fairly quickly with almost no anguish...read more

Turkey arrests two Sportingbet employees

Two Sportingbet employees have been detained in Turkey, the company announced today. The detentions appear to be part of a larger crackdown on Superbahis, Sportingbet's Turkish-facing business. Several people from Sportingbet's former marketing partner Maslin Properties have also been arrested...read more

Bodog and Full Tilt to stage 'mini' World Series of Poker events

Two popular poker rooms are making it possible for you to compete in a World Series of Poker-type of atmosphere without flying to Las Vegas. Coinciding with the start of the 2008 WSOP on Friday in Las Vegas, Bodog and Full Tilt Poker are both offering Mini-SOPs, mimicking the schedule of the real World Series by offering the same events (with lower buy-ins) each day online. The Bodog Poker Mini-SOP runs from May 30-July 3, with each tournament held on the same date as its counterpart in Las Vegas, but with buy-ins equal to just one percent of the actual buy-in of the WSOP Event...read more