Featured Articles Archive - Page 600

Progressive agrees to pay $20 million to end lawsuit

Progressive Gaming International Corp. agreed Tuesday to settle a federal antitrust lawsuit rather than fight a verdict in which it could be liable for more than $39 million. The Las Vegas-based gaming equipment company, which has transformed itself over the past few years into a casino technology supplier, said it would pay table games developer Derek Webb $20 million plus his legal fees, rather than appeal a verdict reached in February by a federal jury in Mississippi. In a federal antitrust trial, a jury found that Progressive Gaming, previously known as Mikohn Gaming, had engaged in anti-competitive conduct in a decade-old lawsuit brought by Webb, the developer of Three Card Poker...read more

888 to add a multi-national sportsbook to its arsenal

For the second time in less than a month, 888 Holdings has jumped into the world of sports gambling. But this time it's expanding its reach. Following the launch of the Italian sportsbook, 888.it, in mid-October, 888 announced Monday that it has agreed to a partnership with Blue Square to develop a multi-national sportsbook that will further complement the Gibraltar-based online gaming company's offerings of casino, poker, bingo and backgammon. "Our analysis shows that a significant proportion of our players bet on sport events occasionally," said Gabi Campos, 888's senior vice president." Under the terms of the partnership, Blue Square will supply a multi-lingual betting service to 888, enabling their customers to place sports bets from the 888.com websites...read more

London for a Long Weekend: Bring on the Fish and Chips!

My good friend Karim, the dinner planner. My sense of distance is so warped these days. In my opinion, jetting off to London for a long weekend on my own dollar and time is completely acceptable- leave Boston on Thursday night, come home on Sunday night...read more

Shuffle Master chief financial officer resigns after three years

LAS VEGAS, Nevada -- Shuffle Master Chief Financial Officer Richard Baldwin resigned Friday from the gaming equipment supplier. In a statement, Shuffle Master said Baldwin, who joined the company in 2004, wanted to pursue other opportunities...read more

Stumble continues for shares of Las Vegas Sands

LAS VEGAS, Nevada -- Investors on Friday continued to pummel shares of Las Vegas Sands Corp. a day after the company announced a quarterly net loss. Also, gaming analysts weighed in after Las Vegas Sands executives blamed preopening expenses at the $2.4 billion Venetian Macau and lucky gamblers in Macau and at The Venetian Las Vegas for a net loss of $48.5 million in the quarter than ended Sept...read more

Top-10 Gambling Drinks

10.) Beer It's easily obtainable, whether you're at a casino or bar or need to pick some up on the way to a friend's house for a card party, and there's a vast variety to choose from. It goes well with peanuts, popcorn and essentially any other snack food and it's associated with everything from playing darts, shooting pool or watching a ball game...read more

Earnings rise for International Game Technology

LAS VEGAS, Nevada -- Slot machine giant International Game Technology disregarded the lack of domestic sales opportunities in the last year and capitalized on the international market. The result propelled the gaming equipment maker to increases in earnings and revenues for both the fourth quarter and fiscal 2007. Both IGT Chairman and CEO TJ Matthews and gaming analysts said Thursday they believe the company is in position to benefit as gaming expands, starting with the opening of the Palazzo on the Strip in December. IGT said it earned $122.6 million, or 38 cents a share, for the quarter ended Sept...read more

Las Vegas Sands posts third-quarter loss

LAS VEGAS, Nevada -- The Venetian Macau opened to capacity-busting crowds, but the sheer number of guests didn't translate into profits for Las Vegas Sands Corp. Preopening expenses related to the $2.4 billion resort, along with development costs at other properties, drove Las Vegas Sands Corp...read more

Gaming stocks continue rally in October

LAS VEGAS, Nevada -- Stock prices of the major casino companies and slot machine makers continued their upward trend in October, based on investors expectations of Macau casinos generating profits and potential expansion into new domestic markets. An index that charts the financial performances of nine gaming companies hit another record in the month...read more

Boyd Gaming reverses loss, misses forecasts in quarter

LAS VEGAS, Nevada -- For the next three years, Boyd Gaming Corp. is looking to the locals casino market and the company's Hawaiian visitor-fed downtown gambling halls to fuel its Southern Nevada earnings. That is until the $4.8 billion Echelon development opens on the Strip by 2010. Until then, Boyd will rely on four market segments for revenues, cash flow and profits: the locals market, Borgata in Atlantic City, casinos in the South and Midwest, and casinos in downtown Las Vegas...read more