Featured Articles Archive - Page 629

Mich. Senate approves appointment of Richard Kalm as Executive Director of MGCB

On May 10, 2007, the Michigan Senate voted (36-0) to approve the appointment of Richard Kalm as the new executive director of the Michigan Gaming Control Board. The full Senate roll call vote occurred following a similar unanimous vote (7-0) of the Senate Economic Development and Regulatory Reform Committee...read more

Rebecca's Recommendations - May 25, 2007

Dear Casino City Readers, So here we go again. I'm going back to Costa Rica for Memorial Day weekend, and I know what you are thinking…What? Are you kidding? Why? Do you ever work? Where's Jenny? The truth is I absolutely love Costa Rica and all my online gaming contacts that live there...read more

Fossilman eyes Libertarian VP run

Vice President Fossilman? Greg Raymer, a name made famous worldwide the day he won the 2004 World Series of Poker Main Event, has been in contact with Libertarian Party officials and is seriously considering a vice presidential run in 2008. He will not make his decision until spring 2008, just before the Libertarian National Convention, but said he'd be willing to discuss the option and his platforms with anyone during downtime at the 2007 WSOP...read more

Takeover talk sends shares of IGT upward

LAS VEGAS, Nevada -- Slot machine giant International Game Technology on Friday became the latest target of private equity speculation within the gaming industry. Bloomberg News and several gaming analysts said a run-up in the stock price of the Reno-based gaming equipment supplier was fueled by speculation that private equity giants Apollo Management and Texas Pacific Group were interested in adding IGT to their portfolio. In December, Apollo and Texas Pacific agreed to pay $17.1 billion for casino giant Harrah's Entertainment, a deal that is expected to close by the end of the year. A spokeswoman for Texas Pacific declined comment on the speculation...read more

Costa Rica Bound...Again

So here we go again. I'm going back to Costa Rica on Friday, and I know what you are thinking...What? Are you kidding? Why? Do you ever work? Where's Jenny? Ok, ok, let me cut to the chase and answer all your questions for you. 1)Are you crazy? Wasn't Amsterdam enough? Hey, this is what happens when all your friends in Boston are married and/or engaged...you have to travel for some fun...read more

CASINO INDUSTRY: Kerkorian bids for key properties

LAS VEGAS, Nevada -- The private investment arm of MGM Mirage majority shareholder Kirk Kerkorian announced Monday it would enter negotiations with the company to buy Bellagio and the under-construction CityCenter development. Shares of MGM Mirage surged in value in aftermarket trading following the news. In a filing with the U.S...read more

Canadian university student dealt PokerStars 10-billionth hand

A 19-year old Canadian woman, trying to get through her first year at Dalhousie University, won the 10-billionth hand dealt at PokerStars, earning $100,000 in a $.01/$.02 No-Limit Texas Hold'em cash-game. Justine Hall had $12 in her PokerStars account when she won the big hand...read more

Online Sunday tournaments - Records fall everywhere

Even with the deck stacked against U.S. online poker play, participation in big-buy-in Sunday tournaments has never been larger. Casino City provides you with a weekly Monday round-up of the big money tournaments. In this week's installment, two PokerStars-participation records fall, Full tilt crowns another FTOPS Main Event champion and Ultimate Bet reaches their guarantee for the third time in history...read more

Citadel funds seized

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

New Frontier workers wistful about casino's closing

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