Featured Articles Archive - Page 576

Paddy Power ad campaign draws complaints

Paddy Power's latest "Going Short" ad campaign has been dubbed "irresponsible" by the U.K. Advertising Standards Authority, prompting the Irish sports book and casino to pull the ads from all media outlets. The campaign featured a man enjoying a glass of champagne and a cigar in a limousine along with the company of two scantily clad and attractive women...read more

Affiliate Club awards affiliates with trip to Caribbean

AffiliateClub.com may be new to the industry, but the company certainly isn't a novice when it comes to motivating its affiliates. Just ask the nine men who were part of an all-expenses paid excursion to the Caribbean island of Curacao earlier this month as part of a promotion AffiliateClub.com ran for its affiliates...read more

Sands exec testifies he tried to negotiate deal with Suen

LAS VEGAS, Nevada -- Las Vegas Sands Corp. President Bill Weidner attempted throughout 2001 to negotiate a financial arrangement with a Hong Kong businessman who was trying to help the casino operator obtain a gambling license in Macau. Weidner, testifying in a Clark County District Court civil trial Monday, said he and Richard Suen exchanged more than 20 letters and faxes in 2001 over a potential success fee...read more

Adelson offers conflicting testimony

LAS VEGAS, Nevada -- Las Vegas Sands Chairman and CEO Sheldon Adelson offered conflicting testimony Friday about whether he or a top executive of his company breached fiduciary responsibilities and offered to pay a Hong Kong businessman to find investors and help obtain a casino license in Macau. During contentious questioning before the lunch break Richard Suen's attorney, John O'Malley, asked Adelson whether or not Las Vegas Sands President Bill Weidner wanted Suen to find investors for what was then a proposed hotel-casino development in Macau. Adelson, 74, who in 2001 was suffering severe pain from a rare neurological disorder, told O'Malley that Weidner should not have asked someone with Suen's lack of financial experience to find investors for the project. "Mr...read more

Inside gaming: Fertittas are latest Forbes cover boys

LAS VEGAS, Nevada -- Pop Quiz: Can you name the first Las Vegas casino executives to be featured on the cover of Forbes magazine since 2001? Steve Wynn? Guess again. Sheldon Adelson? That answer is only partially correct. Terry Lanni or Kirk Kerkorian? No on both accounts. Station Casinos bosses Frank Fertitta III, 46, and brother Lorenzo Fertitta, 39, grace the cover of the May 5 issue of Forbes, which will soon be available on Las Vegas newsstands. The lengthy article, titled "Ultimate Cash Machines," primarily focuses on the Fertittas' 90 percent ownership of the Ultimate Fighting Championship, which they purchased for $2 million in 2001...read more

Adelson fights lawsuit

LAS VEGAS, Nevada -- Las Vegas Sands Corp. Chairman Sheldon Adelson said Thursday he didn't believe a Hong Kong businessman could help his casino company win a gaming concession in Macau because, at the time, there wasn't any opportunity for casino expansion in the Chinese special administrative region. Still, Adelson said, he and Las Vegas Sands President Bill Weidner traveled to Beijing in 2001 to meet with Chinese government officials under the belief "that you never leave any stone unturned." Adelson, 74, testified Thursday in Clark County District Court on the first day of testimony in a civil trial to determine whether Richard Suen and Round Square Co...read more

Horseplayer's resource -- Handicapping in Cyberspace

George Kaywood of Kansas, one of the most respected names in the thoroughbred information business, has produced a super update in his Handicapping in Cyberspace: The Horseplayer's Complete Guide to the Internet (114 pages, 8x11 plastic spiralbound, $21.95, including CD ROM, which requires a PDF reader.) This 2008 edition, comprised of 17 sections, is a huge contribution to thoroughbred information...read more

Businessman's case against Sands Corp. gets under way

LAS VEGAS, Nevada -- Opening statements began Wednesday in what is expected to be a monthlong civil trial to determine whether a Hong Kong businessman helped Las Vegas Sands Corp. earn a lucrative gambling license in Macau and is now owed millions of dollars. The case was filed in October 2004 by Richard Suen and Round Square Co...read more

ePassporte stops processing online gambling transactions

American Internet poker players and online gambling affiliates were dealt another blow this weekend when ePassporte stopped processing transactions with online poker sites. ePassporte did not respond to Casino City's request for comment...read more

Share prices for major casino companies drop

NEW YORK AND LAS VEGAS, Nevada -- Share prices of the major casino operators tumbled Tuesday, the day after MGM Mirage said it eliminated 440 manager and supervisory level positions at both property and corporate levels. It was unclear Tuesday if other casino operators were laying off workers as a response to the souring national and local economies. Gaming revenues statewide and on the Strip have fallen in three of the past four months while room rates are down as much as 19 percent from a year ago. "Trends in Las Vegas and across the U.S...read more