Featured Articles Archive - Page 642

Union, MGM Mirage open talks

LAS VEGAS, Nevada -- Five weeks after Culinary Workers Local 226 called for early negotiations with hotel owners to discuss the expiring collective bargaining agreements covering Strip and downtown workers, the first face-to-face session took place Wednesday. The contracts with 50,000 hotel and restaurant service employees, such as bartenders, cocktail servers, waiters, housekeepers and maids, are set to expire June 1. "We view these initial talks as exploring where we need to go and what issues are we facing," Culinary Secretary-Treasurer D...read more

Frank ponders UIGEA repeal

Congressman Barney Frank (D-Mass) is contemplating an attempt to repeal the Unlawful Internet Gambling Enforcement Act, but reports stating Frank is actively working on this front are misleading. "It's still in the thinking stage," Frank spokesperson Steve Adamske said...read more

WSOP prepared for 10,000, but U.S. facing poker rooms facing online satellite restrictions

The World Series of Poker will be prepared for 10,000 entries in the Main Event this year, but Commissioner Jeffrey Pollack refused to predict if the tournament will once again produce a record-breaking field. "We're always planning for a better tournament than the year prior," Pollack said during a conference call...read more

Jackpot Nation may help explain why we all gamble

Those who wonder why people gamble too much (or gamble at all), and where this nation is headed with regard to risk-taking (it's an $80 billion a year industry), perhaps where it's headed internationally, will want to read Richard Hoffer's Jackpot Nation (241 pages, hard bound, $24.95)...read more

Mich. governor signs compact with Gun Lake Tribe

Last Friday, Governor Granholm and D.K. Sprague, the Tribal Chairman of the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indian Tribe, known as the Gun Lake Tribe, announced that they had signed a historic Class III gaming compact to authorize casino gaming at the tribe's proposed site in Wayland Township, just south of Grand Rapids. Governor Granholm sent copies of the signed compact to both House Speaker Andy Dillon, and Senate Majority Leader Mike Bishop urging the legislature to concur with the decision to enter into the compact by adopting a resolution...read more

Another blow for Shuffle Master

Two weeks after telling Wall Street its quarterly results would be below expectations, Shuffle Master Gaming hit investors with a second piece of bad news -- the company's 2006 earnings need to be restated because of an error. Because of an accounting error that led to a $1.2 million overstatement of net income from continuing operations, the company said late Monday it would delay its quarterly earnings for the period ended Jan...read more

A deluge of dust

LAS VEGAS, Nevada -- When Sherie and James Johnson heard the Stardust was scheduled for demolition, the Salt Lake City couple knew they had be in Las Vegas to bid farewell to an old friend. Fourteen years ago, the couple honeymooned at the Stardust...read more

NETeller hearing scheduled for Friday

NETeller co-founders Stephen Lawrence and John LeFebvre are scheduled to appear in court on Friday, but that doesn't mean a hearing will take place, said Rebekah Carmichael, a spokesperson for the Southern District of New York U.S. Attorney's office...read more

Heading on with Echelon

LAS VEGAS, Nevada -- Robert Boughner knows comparisons will be made between Boyd Gaming Corp.'s planned $4.4 billion Echelon Place development and the $7 billion Project CityCenter that MGM Mirage is constructing a few miles south on the Strip. He only hopes the reviews are positive. Boughner, the president of Echelon who is overseeing the complex's planning, has been through a similar drill...read more

Las Vegas companies linked in $700 million deal

LAS VEGAS, Nevada -- One of the time share industry's largest acquisitions was unveiled Monday and involves two Southern Nevada companies. Las Vegas-based Diamond Resorts announced it would purchase Sunterra Corp., which is headquartered in North Las Vegas, in a transaction valued at $700 million...read more