Featured Articles Archive - Page 599

Invasion of the Swedes

The classic and scary Magnus from Poker Host It appears that the Swedes have invaded my life. I cannot seem to stay away from these amazing people- they are magnetic I tell you!! Several weeks ago we started interviewing for a position here at the GPWA and Online Casino City, and of course, there was one candidate that I particularly enjoyed...read more

A one-outer away from an $11,000 payday

It's pretty hard to take down over $11K in a $.50/$1 Limit Hold'em hand, especially when your cards end up in the muck. But that's almost exactly what I did when I recently jumped onto one of Absolute Poker's Bad Beat Jackpot tables. With a six-month old at home, I haven't been playing a whole lot of online poker lately, and when I have logged on, it's been at PokerStars...read more

When social engineering is a disaster

It's hurricane season again, bad news for the states bordering the Gulf of Mexico. It's shocking to see how little has been done to protect New Orleans. In fact, in the entire gulf coast region, probably the most significant steps taken to protect life and property have been with the gaming industry of Mississippi...read more

Top 10 hand nicknames for poker

There are lots of hand nicknames. But the best ones are phrases that either sound really good when you use them in a sentence, or have a cool story associated with them that you can tell your friends. Here's our Top 10 taken from pokerzone.com/dictionary/: 1...read more

Sales spark surge for MGM Mirage

LAS VEGAS, Nevada -- Becoming a seller has been a profitable move for MGM Mirage. After spending much of the last 10 years as an acquirer -- paying a combined $13 billion for rivals Mirage Resorts and Mandalay Resort Group -- the casino operator sold off pieces of the company in the past year to focus on other projects. The results significantly fueled MGM Mirage's second-quarter earnings that were announced Thursday. MGM Mirage said its net income in the quarter ended June 30 was $360.2 million, or $1.22 per share, compared with $146.4 million, or 50 cents per share, a year earlier. Analysts polled by Thomson Financial expected the company to report earnings of 58 cents per share. The company's earnings included a combined pretax gain of $263.9 million for the sale of its three Primm Valley Resorts to Herbst Gaming and the company's two Laughlin casinos to a partnership headed by Anthony Marnell III. In addition, MGM Mirage said it recognized $63 million in profits during the quarter for sales of condominium units in the third tower of its Signature at MGM Grand development. "When we look at our company, we don't aspire to be the largest gaming company in the world...read more

AOL enters online sports betting market

AOL is ready to roll the dice on online gambling. A few months after YAHOO UK & Ireland entered the real money online poker market, AOL UK has announced that it will follow suit, offering real-money sports betting in conjunction with UK Internet bookmaker JAXX, a subsidiary of FLUXX...read more

Charges figure in sending Boyd Gaming's profits lower

LAS VEGAS, Nevada -- Boyd Gaming Corp. executives want investors and Wall Street to view the company's second-quarter earnings as a blueprint while the casino operator moves ahead over the next three years. On paper, results for the quarter, which ended June 30, appear to have slipped in comparison with a year ago. The company's net income was $39.9 million, which translated to an earnings per share of 45 cents, down from $44.5 million, or 49 cents per share, a year ago...read more

LV Sands giddy about prospect for Macau

LAS VEGAS, Nevada -- Despite a second quarter where robust revenue didn't translate into increased earnings, Las Vegas Sands Corp. executives were jubilant Wednesday. Four weeks before opening the $2.4 billion Venetian Macau, company executives said the resort was ready for its unveiling after more than five years of planning, construction and preparation...read more

Palazzo slated to open in December

LAS VEGAS, Nevada -- Las Vegas Sands Corp. announced Wednesday it would open the $1.6 billion Palazzo on Dec. 20. The 3,068-room resort, under construction next to The Venetian, will open its gaming area, hotel and restaurants, the company said during its second-quarter earnings conference call Wednesday. The Shoppes at Palazzo, the property's 450,000-square-foot retail space that is anchored by Barneys New York, will open in January...read more

Ameristar has taxing quarter

LAS VEGAS, Nevada -- Las Vegas-based Ameristar Casinos said its net income in the second quarter fell a little more than 4 percent due to a state income tax matter. The casino operator said Wednesday its earnings for the quarter that ended June 30 were $17.3 million, or 30 cents a share, compared with $18 million, or 32 cents a share, a year earlier...read more