Featured Articles Archive - Page 612

Vegas racebooks eye Hong Kong races

NEVADA -- Horse racing bettors in Las Vegas may soon be allowed to participate in high-paying pari-mutuel pools with overseas gamblers while wagering on races originating from Hong Kong. Proponents of the idea said the betting pools, which take place at two tracks operated by the Hong Kong Jockey Club, can reach upward of $100 million in wagers. Nevada race books have shown and accepted wagers on international horse races, but only for special events...read more

INSIDE GAMING: No second for Strip, executive says

, Benjamin Spillman and Arnold M. Knightly LAS VEGAS, Nevada -- If it's not the Strip, it doesn't interest MGM Mirage President and Chief Financial Officer Jim Murren. Murren's company owns some 760 acres along the Strip, encompassing 10 casinos and the 76-acre, $7.4 billion CityCenter development...read more

Wynn Resorts reverses quarterly loss

LAS VEGAS, Nevada -- A year ago, executives from Wynn Resorts Ltd. tried to justify a net loss in quarterly earnings, saying the negative number was due to preopening expenses at the company's under-construction casino in Macau and challenges in Las Vegas. No such explanations were needed Monday. Wynn said strength in the Las Vegas market coupled with strong profits in Macau fueled the company's second-quarter earnings...read more

Wynn plans new projects

LAS VEGAS, Nevada -- When Wynn Resorts gets set to redevelop the Wynn Golf Club, the first project to take shape is slated for the corner of Desert Inn Road and Paradise Road. Company Chairman Steve Wynn said Monday he isn't ready the tear up the 137-acre golf course that commands greens fees of $500 a round...read more

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