Featured Articles Archive - Page 611

How to do Tel Aviv, Montreal and Washington DC in 2.5 Weeks

Yes, yes I know. Here we go again. This time I'm really in for a treat...1.5 weeks in Tel Aviv, straight to CAC Montreal, and finally, off to Washington DC for a wedding. This isn't just any wedding, mind you...I am responsible for this marriage and agreed to prepare a nice little speech for the rehearsal dinner...read more

PartyGaming stock nears all-time low

PartyGaming stock closed at 27 pence yesterday, its lowest close since one month after the American government signed the UIGEA into law and prompted the once mighty online gaming company to exit the lucrative U.S. market. After opening at 129 pence per share on June 27, 2005, the stock has been on a roller coaster that mimics the industry itself, reaching a high close of 176 pence on July 28, 2005 and a low of 26 pence per share in December of the 2006...read more

PokerTek continues international expansion

PokerTek launched five PokerPro tables last week at the Galaxy StarWorld Hotel and casino in Macau, continuing the electronic poker table company's international expansion and marking the introduction of live poker to one of the world's largest gambling destinations...read more

Casino revenue: Casinos not raking it in as readily

NEVADA -- If the first half of the year is any indication, the revenue growth by Nevada's major casinos in 2007 won't match the increase in gaming win recorded in previous years. Nevada casinos won $6.385 billion from gamblers through June, 2.1 percent more than they won during the first half of 2006, according to a report released Friday by the Gaming Control Board...read more

Nevadan at work: Author tells readers what to do when they 'do lunch' on business

An interview with Robin Jay took place, naturally, over lunch. Knowledge of how to conduct business during the noontime meal launched Jay on her second career as a writer and motivational speaker. Jay gave up a successful 18-year run as a radio and magazine advertising executive in November 2003 to self publish her book, "The Art of the Business Lunch." She hasn't looked back. The idea for the book came from friends, clients and colleagues, all of whom dubbed her, "The Queen of Business Lunch." Jay figures she has been on close to 4,000 business lunches during her career. "Everyone would tease me because I would book lunches three weeks in advance," Jay said recently at the Palm restaurant in the Forum Shops at Caesars, one of her favorite places to hold a business lunch...read more

The Reel Life

The summer heat hasn't cooled down the slots action. Here's a look at some recent winners: Royalty reigns supreme A player at the Jackpot Factory's All Slots Online Casino won $144,146.51 in its Progressive Cyberstud Poker game. Daren R...read more

Progressive Gaming profits slump

LAS VEGAS, Nevada -- Progressive Gaming International has experienced a few road bumps while moving from a gambling device provider to a pure casino technology company. Second-quarter earnings, reported Wednesday, were one of those challenges. Las Vegas-based Progressive said its net loss for the period ended June 30 was $4.9 million, or 14 cents per share, which was an improvement over the company's net loss of $13.6 million, or 40 cents per share, a year ago. The company is selling its table games division to Shuffle Master in a deal that's expected to close at the end of the month...read more

Profits surge for WMS Industries

CHICAGO -- Chicago-based slot machine maker WMS Industries continued its financial comeback Tuesday, saying its earnings jumped 67 percent in the fourth quarter 47 percent for the fiscal year. The company said it had a 35 percent year-over-year boost in new slot machine shipments, which fueled an increase in both revenues and cash flow. "With investments in next-generation technologies, a global organization of development studios and financial resources further strengthened by the record fiscal 2007 results, we established a solid base from which we expect to deliver consistent operating execution in fiscal 2008 and beyond," WMS President and CEO Brian Gamache said in a statement. The gaming equipment provider has re-emerged in the past few years as its earnings sagged. WMS reported net income of $16.7 million, or 29 cents a share, in the quarter ended June 30, up from $10 million, or 18 cents a share, a year earlier...read more

Pinnacle posts lower profits, but company observers shrug

LAS VEGAS, Nevada -- Pinnacle Entertainment's second-quarter earnings didn't match up with the company's numbers from a year ago, but executives and analysts weren't too concerned Tuesday. Wall Street was more impressed as the Las Vegas-based casino operator reported increased financial results at its flagship casinos in Louisiana and Indiana. Pinnacle said its net income for the quarter ended June 30 was $9.9 million, or 16 cents a share, down from $46 million, or 93 cents a share, a year earlier...read more

IMEGA's chances of success remote

There is a lot of buzz surrounding the Interactive Media Entertainment and Gaming Association's suit to obtain a temporary restraining order to stop the Department of Justice from implementing regulations to enforce the Unlawful Internet Gambling Enforcement Act. The organization, described as a non-profit "professional association dedicated to the continued growth and innovation of the Internet," will be granted a hearing at the Third Circuit Court in New Jersey on Sept...read more