Featured Articles Archive - Page 651

EPT cancels 2007 French Open

French authorities have forced the European Poker Tour to cancel the 2007 French Open, according to a statement on the European Poker Tour Web site. The popular EPT tournament was scheduled to run from Feb. 20-24 at the Casino Barrière de Deauville...read more

Gambling beyond Nevada: Macau's gaming win swells

MACAU -- Asian gaming analysts said Tuesday Macau's gambling win of $6.95 billion during 2006 means the Chinese enclave as surpassed the Strip as the world's largest gaming market. But Las Vegas casino operators with an expanding presence in Macau don't believe the community's gaming revenue has exceeded the Strip's -- yet...read more

Ousted financial processors hurt Sunday tournament numbers

PokerStars lost 12 percent of their Sunday Million crowd and Full Tilt Poker failed to meet their guarantee in the first weekend following NETeller's U.S. withdrawal. January was shaping into the largest month in online tournament-history for both PokerStars and Full Tilt Poker until American players lost most of their depositing options last week...read more

U.S. Internet gambling deposit options shrinking

The list of payment processors for American gamblers is shrinking rapidly in the wake of money laundering charges being filed against NETeller co-founders Stephen Lawrence and John LeFebvre. NETeller, the world's largest online payment processor for Internet gamblers, and Citadel pulled out of the U.S...read more

Nevadan at work: From Strip to Singapore, real estate exec helps buyers find places on map

SINGAPORE AND LAS VEGAS, Nevada -- The Singapore government last year asked CB Richard Ellis Executive Vice President John Knott and his Las Vegas-based Global Gaming Group team to affix values to the two land parcels the city-state proposed as resort and casino destinations. The process wasn't as simple as placing a cost on Strip real estate, something Knott has been doing for more than a decade. "It was really two different exercises," Knott said...read more

U.S. Department of Justice subpoenas major investment banks

The U.S. Department of Justice has subpoenaed at least four high-profile investment banks as part of its continuing crackdown on the online gambling industry. HSBC, Dresdner Kleinwort, Credit Suisse and Deutsche Bank were issued subpoenas in October – shortly after the signing of the Unlawful Internet Gambling Enforcement Act -- according to reports from the Sunday Times of London...read more

Preparations under way for Stardust implosion

LAS VEGAS, Nevada -- If it isn't steel or concrete, it's being removed from the shuttered Stardust hotel tower. In preparation for the planned mid-March implosion of the 32-story building, construction crews have been busy the past few months removing everything from inside the tower that wasn't already auctioned off. Most visible to passers-by is the removal of the tower's purple-tinted window glass...read more

NETeller Update: Lawrence posts bail

NETeller co-founder Stephen Lawrence posted $4 million of his $5 million bail Friday evening after arriving in New York and appearing before a District of Southern New York udge, a U.S. Attorney spokesperson said. The FBI arrested Lawrence and NETeller co-founder John LeFebvre last Monday on money laundering charges in relation to NETeller's role of transferring funds with the intent to promote illegal gambling...read more

Rebecca's Recommendations - January 19, 2007

It is 10 degrees outside. Fahrenheit. Can someone remind me why I live in Boston? PLEASE? Ok, you're right. It's because of the New England Patriots. Ok, ok, I won't pretend to care or know much about football, but I do love the Pats, and yes, it's because I live in Boston...read more

New markets bolster IGT

LAS VEGAS, Nevada -- Gaming analysts have predicted that 2007 will be a turnaround year for slot machine makers as lucrative new casino markets open for business. Reno-based International Game Technology, in announcing its first-quarter earnings Thursday, gave hints that mirrored those assessments. The industry's largest slot maker said it began shipping games to new slot machine parlors in Pennsylvania, soon-to-be open racetracks in Florida and new casinos in Arkansas during the quarter that ended Dec...read more