Featured Articles Archive - Page 612

Boutin wins second bracelet

Two more bracelets Boutin slays the Devil Fish…again It seems the only thing Burt Boutin needs to win a World Series of Poker bracelet is a large helping of Devil Fish. The 39-year old from Henderson, Nevada captured his second bracelet Wednesday in the star-studded $5,000 Pot Limit Omaha with Rebuys Event #7...read more

Shuffle Master shakes off restatement, reverses loss

LAS VEGAS, Nevada -- Shuffle Master proclaimed itself financially healthy Wednesday, more than three months after an internal accounting error caused an earnings restatement in the previous quarter. The Las Vegas-based gaming equipment supplier said it had a net income of $3.4 million, or 10 cents per share for its second quarter ended April 30, reversing a net loss of $12.7 million, or 37 cents per share, a year earlier. Analysts polled by Thomson Financial forecast Shuffle Master would earn 13 cents in the quarter. Revenue rose 3 percent to $44.6 million from $43.3 million. The company had been troubled by the earnings restatement and challenges over the past year in integrating Australian slot machine maker Stargames...read more

Action keeps Lake Las Vegas casino open

LAS VEGAS, Nevada -- Casino MonteLago in upscale Lake Las Vegas would seem the least-likely candidate to be closed for financial reasons, but Nevada gaming regulators had to act quickly Wednesday to the keep the small gambling site open. Both the Gaming Control Board and Nevada Gaming Commission, meeting in an emergency session, unanimously agreed to let two of the principals in Las Vegas-based PDS Gaming take over the 40,000-square-foot, stand-alone casino. In response to a question from Gaming Control Board member Mark Clayton, casino representatives said the property would have closed, laying off 180 employees, without the changeover. "Clearly, this qualifies as an emergency situation," Gaming Control Board Chairman Dennis Neilander said. Gaming sources said losses at the casino totaled some $50 million since the property opened in 2003...read more

Wexler introduces skill game "carve out" legislation

Rep. Robert Wexler (D-Fla.) introduced the Skill Game Protection Act today, a measure that would allow Americans to gamble in online skill games like poker, Mah-jong, backgammon, chess and bridge. The announcement comes one day before Rep...read more

Michigan Supreme Court decision opens door to potential additional casino developments

The Michigan Supreme Court recently released an opinion in the case of Taxpayers of Michigan Against Casinos (TOMAC) v. State of Michigan, reversing a lower court ruling stating an amendatory provision contained in the compact at issue violated the separation of powers clause of the Michigan Constitution...read more

Group files lawsuit against U.S. Attorney General

The Interactive Media Entertainment & Gaming Association (iMEGA) filed a lawsuit yesterday seeking to stop the United States from enforcing the Unlawful Internet Gambling Enforcement Act. "The purpose of the Unlawful Internet Gambling Enforcement Act is to prevent Americans from engaging in their fundamental rights to conduct their lives in the manner they wish to live it - to be free from the government imposing public morality in the privacy of one's home," said iMEGA attorney Eric M...read more

Two bracelets, six tournaments in busy day at WSOP

Two bracelets were won, two tournaments played down to a final table, and two tournaments began on one of the busiest days in World Series of Poker history at the Rio All Suites Hotel and Casino in Las Vegas yesterday. Today will be almost identical, with bracelets to be won in Pot Limit Omaha and Limit Hold'em. Schneider beats top pros for first braceletTom Schneider fended off a final table filled with well-known professional players to win the $2,500 Omaha/Seven Card Stud Hi-Low-8 or Better bracelet and claim the $214,347 first-place prize. Annie Duke finished third, Chris "Jesus" Ferguson was fourth, David Benyamine was sixth and John "The Razor" Phan was eighth...read more

WSOP roundup: Irishman wins third-largest live poker tournament

Ciaran O'Leary, who was born in Ireland and lives in Seattle, won the third-largest live tournament in poker history to claim $727,012 last night at the World Series of Poker. The $1,500 buy-in No Limit Hold'em event had 2,998 players and ranks third behind only the 2005 and 2006 WSOP Main Events in terms of number of entrants. O'Leary, who had played in WSOP events in six of the last 10 years, had never cashed in a WSOP event before...read more

House committee to hold hearing on Internet gambling regulation

The House Financial Services Committee will hold a hearing entitled "Can Internet Gambling Be Effectively Regulated to Protect Consumers and the Payments System?" on Friday, June 8 at 10 a.m. Committee Chairman Barney Frank (D-Mass.) introduced H.R...read more

Kaplan Pleads His Case, Still No Decision on Bai

A second detention hearing for Gary Kaplan concluded in St. Louis this morning with still no decision on whether the BetonSports founder is too much of a flight risk to be released on bail. The gamut of testimony covered steroid usage, an alleged kidnapping, passport fraud and Kaplan's dedication to his family. Kaplan entered the courtroom in blue prison garb with hands cuffed behind him, appearing very muscular, fit and healthy...read more