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Featured Articles Archive - Page 618

  • Latest Articles     6171 - 6180

 
Articles by Aaron  Todd
Articles by Aaron Todd

Citadel funds seized

18 May 2007
The U.S. Department of Justice has seized $9.25 million in funds from Citadel Commerce, a third-party payment processor that had previously allowed U.S. residents to conduct financial transactions with Internet gambling companies. The Canadian-based company stopped processing U.S...read more
 
Articles by Howard Stutz

New Frontier workers wistful about casino's closing

17 May 2007
LAS VEGAS, Nevada -- Pauline Caruso, who has managed the New Frontier's bingo room for the past 15 years, knew the casino's closing was just a matter of time. But it didn't make Wednesday's news any easier. As word of the New Frontier's $1.2 billion sale to a New York-based real estate investment group filtered out among the casino's 1,000-person work force, employees were philosophical...read more
 
Articles by Howard Stutz

MERGERS AND ACQUISITIONS: They'll make Manhattan

17 May 2007
LAS VEGAS, Nevada -- The private ownership group buying the New Frontier plans to spend $5 billion to turn the Western-themed hotel-casino -- best known for $44 a night rooms, bikini bull riding and the Strip's last bingo hall -- into an ultraluxury mixed-use development. The New York-based Elad Group, which is controlled by Israeli billionaire Yitzhak Tshuva, on Wednesday formally announced the purchase of the New Frontier's 34.5-acre Strip location for $1.2 billion. The 984-room New Frontier will close in 60 days so it can be demolished and replaced by what Elad executives described as a high-end project with a hotel-casino, condominiums, a convention center and retail space. The complex is expected to include 3,500 hotel rooms and 300 private residences. The project's centerpiece is a version of New York's landmark Plaza Hotel, which Elad bought for $675 million in 2005 and is spending $400 million to remodel...read more
 
Articles by Aaron  Todd
Articles by Aaron Todd

PokerStars donates $1 million to aid Darfur

17 May 2007
PokerStars.com has pledged $1 million to the charity Not On Our Watch, whose mission is to focus global attention and resources to stop and prevent mass atrocities. The charity, formed by Ocean's Thirteen stars George Clooney, Brad Pitt, Matt Damon, Don Cheadle and producer Jerry Weintraub, is focused on supporting existing humanitarian relief efforts in Darfur and ensuring the protection of civilians in the war-torn region. More than 400,000 people have been killed in the western region of Sudan and more than 2 million innocent civilians are living in refugee camps in Sudan or Chad...read more
 
Articles by Howard Stutz

More than $1.2 billion: New Frontier sale sets record

16 May 2007
LAS VEGAS, Nevada -- An Israeli-owned real estate investment group, in what is being called the most expensive large-site transaction on the Strip, has bought the New Frontier and its 36 Strip acres for more than $1.2 billion, the casino's current owner, Phil Ruffin, confirmed late Tuesday. Ruffin said El Ad Properties, which controls several landmark New York City buildings, signed the purchase agreement last week for the hotel-casino site. Ruffin, a Wichita, Kan., businessman who paid $167 million for the New Frontier in 1998, had been seeking an equity partner to help finance redevelopment of the New Frontier into a 2,750-room Swiss-themed resort. He said a $100 million deposit on the deal arrived Monday. "We're under contract, and that means we're doing the deal," Ruffin said...read more
 
Articles by Rebecca  Liggero
Articles by Rebecca Liggero

Rebecca's Recommendations - May 18, 2007

16 May 2007
Dear Casino City Readers, Yes, I found my phone. It was at Caselli's Amsterdam apartment, remember? Evil. He is evil. Anyway, throughout the course of this past week, a large number of my online gaming contacts asked me if I was able to find my phone (for those of you who did not actually see me flip out, I "misplaced" my cheap little international phone when I was slightly intoxicated one night in Amsterdam)...read more
 
Articles by Rebecca  Liggero
Articles by Rebecca Liggero

Rebecca's Recommendations- top 5 reasons to attend CAP Spring Break '07

16 May 2007
Yes, I found my phone. It was at Caselli's Amsterdam apartment, remember? Evil. He is evil. Anyway, throughout the course of this past week, a large number of my online gaming contacts asked me if I was able to find my phone (for those of you who did not actually see me flip out, I "misplaced" my cheap little international phone when I was slightly intoxicated one night in Amsterdam)...read more
 
Articles by Ryan  McLane
Articles by Ryan McLane

Big brands redefining online poker

16 May 2007
The days where a small online poker site could strike it big and become a billion dollar company may now be a relic of a bygone era. With Yahoo! entering the market and the World Poker Tour Online migrating to a better network, it appears success in the online poker industry depends on having big, trusted brands with vast resources...read more
 
Articles by Ryan  McLane
Articles by Ryan McLane

PokerStars to deal ten-billionth hand

16 May 2007
It's like the lottery, only better. PokerStars is getting ready to deal its 10 billionth hand, and its giving away $1,000,000 to mark the occasion. To put the number in perspective, the earth's population is 6.5 billion. Just last summer, PokerStars celebrated dealing its five-billionth hand., And they're going to double that mark in less than 12 months....read more
 
Articles by Ryan  McLane
Articles by Ryan McLane

PPA nears 500,000-member milestone

16 May 2007
The Poker Players Alliance is about to reach the 500,000-member mark, a significant milestone for a group that had 120,000 members just four months ago. The 400% growth in membership has been fueled by outrage over the arrests of NETeller's cofounders and the subsequent seizures of money, the high-profile appointment of former Senator Alfonse D'Amato chairman of the board, and a series of PokerStars freerolls that registered tournament entrants...read more

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