Featured Articles Archive - Page 625

Full Contact Poker merges with PokerStars

Full Contact Poker will shut down its online poker room effective tomorrow and current players will have the opportunity to move their accounts to PokerStars as part of a merger between the two online poker rooms, according to the FCP Web site. In a separate, but related deal, long-time FCP front-man Daniel Negreanu signed an endorsement deal with PokerStars over the weekend...read more

WSOP day eight roundup: Reslock bests Ivey in Stud; grad student wins NL event

Chris Reslock defeated Phil Ivey to win the $5,000 World Championship Seven Card Stud tournament, and Will Durkee won his first World Series of Poker final table to take home over a half a million dollars in a $2,000 No Limit Hold'em event. Reslock comes from behind to take stud titleChris Reslock, a professional poker player from Atlantic City, N.J., won $258,453 and the title "World Champion" with a win in the $5,000 World Championship Seven Card Stud tournament. Reslock, who entered the final table with less than a quarter of the chips held by chipleader David Oppenheim, takes home his first WSOP bracelet. Reslock, formerly a taxi cab driver in New Jersey, defeated five-time WSOP bracelet winner Phil Ivey heads up to take the title...read more

Underage gambling concerns highlight hearing

Preventing underage gambling dominated the discussion at Friday morning's House Financial Services Committee hearing on Internet gambling. Key witnesses offered conflicting reports on the effectiveness of identity verification measures...read more

Wynn orders Macao delays

LAS VEGAS, Nevada -- Wynn Resorts Ltd. said Thursday it was delaying a portion of its expansion plans in Macau because of recent travel restrictions by the Chinese government and the scheduled openings of two large competitors later this year. The $1.2 billion Wynn Macau, a scaled-down version of Wynn Las Vegas, opened last September with 600 hotel rooms and an 110,000-square-foot casino with 256 table games and 477 slot machines. In a statement, the company said it would open only 25,000 square feet of additional gaming space by the end of this September, a little more than 20 percent of the planned 123,000-square foot expansion that had been previously announced...read more

WSOP day seven roundup: Russian, relative newcomer win bracelets

A Russian player and a relatively unknown player won World Series of Poker bracelets in day seven of the annual series, and Phil Ivey will be looking for his sixth career WSOP bracelet in one of two final tables are set for today. Chu wins $1,000 rebuy with just one buy-inRebuy tournaments give players the opportunity to get back in when bad luck (or bad decisions) eliminate their chip stacks early in the tournament...read more

McDermott introduces Internet Gambling Regulation and Taxation Enforcement Act

Rep. Jim McDermott (D-Wash.) introduced the Internet Gambling Regulation and Taxation Enforcement Act (IGRTEA) today, just hours after Rep. Robert Wexler (D-Fla.) announced he would introduce a bill amending the Unlawful Internet Gambling Enforcement Act (UIGEA)...read more

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