Featured Articles Archive - Page 587

FTOPS VII gets off to a record-breaking start

It's been just 18 months since the inaugural Full Tilt Online Poker Series dealt out its very first hand and the manner in which the event has grown since that time is downright staggering. FTOPS I began Aug. 16, 2006 and featured eight events...read more

California vote has slot giants grinning

LAS VEGAS, Nevada -- Nevada's largest slot manufacturers said Wednesday they are ready to fire up the assembly lines after California voters approved a gambling expansion that could add up to 17,000 machines at four of the Golden State's largest Indian casinos. Gaming analysts speculated that between 6,000 and 10,000 of the slot machines could be shipped over the next 12 months...read more

WMS Industries has profit slump

LAS VEGAS, Nevada -- Slot machine maker WMS Industries said Wednesday that its net income jumped 31 percent in the second quarter. The Waukegan, Ill.-based gambling equipment company said it had net income of $16 million, or 27 cents per share, for the three-month period ended Dec...read more

CAP Euro London: Tales from the Dark Side

Hello dearest friends, colleagues, former colleagues, partners, affiliates and competitors...greetings from THE DARK SIDE! I have just completed my first online gaming conference as an operator and it was not that bad...in fact, I think I might like it even more...read more

Playing It Smart: Hedging your bets increases the house advantage at craps

Craps players who are too smart by a half often use hedges, thinking they'll protect their primary wagers with small, high-payoff auxiliary bets. When a hedge pans out, they think they're onto one of those secrets the bosses don't want anyone to know. Bet $10 on Pass and hedge it with $2 on Any Craps, for instance...read more

Costs chip away at earnings for Las Vegas Sands

LAS VEGAS, Nevada -- Opening a $1.9 billion Strip resort and developing more than $17 billion worth of hotel-casinos in Macau, Singapore and Pennsylvania ate away at revenues collected by Las Vegas Sands Corp. in the recently completed fourth quarter. The casino operator's net income fell 65 percent compared to a year ago due to increases in operating costs for the company's growing infrastructure and an increase of $46.7 million in other expenses...read more

Judge deals setback to Shuffle Master in patent case

LAS VEGAS, Nevada -- Gambling equipment maker Elixir Gaming has won a summary judgment ruling in federal court against rival manufacturer Shuffle Master. The U.S. District Court in Nevada said automated card shufflers built by Elixir, formerly known as Vending Data Corp., did not infringe on patents owned by Shuffle Master. The order was signed Friday by U.S...read more

Casino-stock index declines during January

LAS VEGAS, Nevada -- Downward pressure, brought about by decreased revenues in some gambling markets and shaky investor confidence, continued to affect the average daily stock prices of gaming companies in January. Four of the eight casino operators tracked by Applied Analysis, a Las Vegas-based financial consulting firm, suffered better than 23 percent declines in their average daily stock price during the month compared with December...read more

INSIDE GAMING: Stimulus may go out of pockets, onto felt

, Benjamin Spillman and Arnold M. Knightly LAS VEGAS, Nevada -- Will the economic stimulus package now being debated in Congress amount to a windfall for the nation's casino industry? Yes, says one Wall Street analyst. Deutsche Bank's Bill Lerner told investors last week the $150 billion stimulus package could translate into roughly $750 million in expenditures by casino patrons that could find their way to the industry's gambling tables and slot machines during this year's second and third quarters. The proposed package, which passed in the U.S...read more

Bits and Pieces from Indian Country - January 2008

Unions, race track owners, and other opponents of Indian gaming in California have been successful in getting an initiative put on the ballot in February that would overturn the compacts signed by Governor Arnold Schwarzenegger and several tribes...read more