Featured Articles Archive - Page 579

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

Nevadan at work: Gaming executive steers company through transformation

LAS VEGAS, Nevada -- Heather Rollo graduated from the ski slopes of Utah to the bright lights of Las Vegas. Now, she's mixing with the financial mavens of Wall Street. As chief financial officer for Progressive Gaming International, the 34-year-old has helped steer the Las Vegas-based company's transformation from a gambling equipment provider to a technology operation that services casinos. The road has not always been smooth. Progressive Gaming's stock price fell roughly 75 percent in 2007, erasing more than $200 million in market capitalization...read more

Inside gaming: Sparkle seems off neon for Street

Wall Street has soured on Las Vegas. Gaming analysts are challenged to find nice things to say about the casino industry in light of poor financial performances in numerous markets, including the Strip, where gaming revenues fell more than 3 percent in February. The sinking economy, high gasoline prices, airline troubles and other downbeat financial news are causing casino customers to hang on to discretionary income...read more

Another level for Trump as tower opens

LAS VEGAS, Nevada -- Real estate mogul Donald Trump and Las Vegas Mayor Oscar Goodman exchanged pleasantries Friday morning. The talk quickly turned to neckties. Moments before the two led a ceremonial ribbon cutting to usher in the opening of the $1.2 billion Trump International Hotel & Tower, Goodman complimented Trump on his stylish pink neckwear. "It's one of my ties," Trump said...read more

Playing It Smart: Can you save more by betting more?

Some casinos are willing to trim their house advantage if you bet more money. The bosses don't offer this in a rush of generosity, philanthropy, or shameless pandering to fat cats. It's simple arithmetic. On a $1 bet with 2 percent edge, the house averages 2 percent of $1 or $0.02 per wager...read more

That's what they mean by green

LAS VEGAS, Nevada -- The Palazzo has been designated as the largest Leadership in Energy and Environmental Design (LEED) certified building in the world by the U.S. Green Building Council. The $1.9 billion hotel-casino, which opened in January, was recognized with a silver LEED certificate for energy-efficient design and construction along with its renewable energy technologies, services and policies. U.S...read more

Boyd shifting tactics in NLV

LAS VEGAS, Nevada -- Boyd Gaming Corp. is changing its North Las Vegas casino plans, joining the developer of a proposed 2,675-acre master-planned community as the builder and operator of a large hotel, casino and resort complex within the project. The 66-acre site, on the northwest corner of the Las Vegas Beltway and Losee Road, needs to be entitled as a casino location by North Las Vegas civic leaders...read more

State-Licensed Internet Gaming Comes to Germany

State-licensed Internet gambling is coming to the German state of Lower Saxony next month by way of a deal between Chartwell Technology and the state's exclusive casino operator, Spielbanken Niedersachsen GmbH (SNG). Chartwell, a Toronto-listed developer of Internet and mobile gambling software systems, will initially provide a suite of casino and soft games on SNG's Web site, www.CasinoLand.de...read more

Black mob, Honus Wagner baseball card two intersting titles

Two books, as diverse as you might expect have hit the bookshelves at Gambler's Book Shop this week. The two, Black Gangsters of Chicago by Ron Chepesiuk (334 pages, hardbound, $22) and The Card (Collectors, Con Men, and the True Story of History's Most Desired Baseball Card) by Michael O'Keeffe and Teri Thompson (245 pages, hardbound, $24.95) have their own audiences. Black Gangsters is both a history and sociological study...read more