Featured Articles Archive - Page 667

Las Vegas casinos spark Harrah's jump

LAS VEGAS – Try as they might, analysts couldn't get Harrah's Entertainment executives to comment on its proposed $15.5 billion buyout offer from two private equity firms when the casino operator announced its third-quarter earnings Wednesday morning. Harrah's, the gaming industry's largest casino company, grew revenue to $2.5 billion in the three-month period that ended Sept...read more

MGM Mirage unveils plans for residences

LAS VEGAS, Nevada – MGM Mirage on Wednesday unveiled plans for residences at the $7 billion Project CityCenter, saying the 66-acre site will include four condominium developments encompassing five high-rise towers. Units in the development have a price range from $500,000 to $8 million. A preview center is open at Bellagio, where potential owners can sign an interest list...read more

Farewell PKR, I never knew thee

I had high hopes for PKR.com. The 3D poker room has the best software I've seen. You can play for real money in a video game atmosphere. Unless, like me, you live in the United States. PKR launched real-money games on its site on August 17, but passed on allowing U.S...read more

Ohio's Issue 3 Could Bring New Competition

Ten years ago this November, Michigan voters approved Proposal 3 which allowed for casino style wagering in Detroit. As the 2006 election day draws near, residents in the state of Ohio are preparing to weigh in on whether the state should allow up to 31,500 slot machines at nine locations throughout Ohio...read more

Making a point

The corporate gaming world didn't suit Michael Gaughan's tastes. But this morning, he gets to be his own boss again. Gaughan, who built Coast Resorts into a locals' casino giant before selling the business to Boyd Gaming Corp. for $1.3 billion two years ago, takes over as sole owner and operator of the 10-month-old South Coast...read more

IGT adding to slot games

RENO, Nevada -- Slot machine giant International Game Technology took the initial steps Monday to enter the electronic table game business with plans to develop blackjack and roulette tables that don't require the presence of a dealer. Reno-based IGT, the gaming industry's largest slot maker, said it was acquiring the technology for those products from Novomatic AG, an Austrian-based gaming company...read more

WPT Boot Camps offer poker lessons with tough love

Crispin Leyser warned everyone as they sat down at the poker table that he wasn't going to be afraid to slap some wrists. He wasn't kidding. Leyser, one of four instructors at the WPT Boot Camp at Foxwoods Resort Casino in Mashantucket, Conn., had just finished a 90-minute lecture that focused on two key No Limit Hold'em Tournament lessons: If you are the first person to enter a pot, always raise. Never play weak hands in early position. On the first hand of the following "lab," a player in first position just called with an ace and a six, breaking both of Leyser's rules...read more

Walnum captures Festa Al Lago main event title

The least experienced player at the Festa Al Lago Main Event final table became the latest youngster to make the World Poker Tour his coming out party. Andreas Walnum, a 23-year old Norwegian professional, defeated 433 players to earn $1,090,025 and his first major-tournament win. Walnum beat 33-year old Steve Wong for the title in just two hands of heads-up play...read more

London Clubs stakeholder takes new Harrah's bid

Harrah's Entertainment, two days after extending a deadline for shareholders in London Clubs International to accept a buyout offer, sweetened the deal late Friday to the British casino operator's largest stockholder -- an offer the stockholder accepted. Las Vegas-based Harrah's said in a statement that a subsidiary of Malaysia-based Genting International, which holds almost 30 percent of London Clubs, agreed to sell its shares to Harrah's at a price higher than the company's previous offer. On Aug...read more

Frist pleased with initial effects of UIGEA

Only three weeks have passed since Senate Majority Leader Bill Frist pushed the Unlawful Internet Gambling Enforcement Act (UIGEA) through Congress but it has already dramatically changed the Internet gambling landscape. "I would say that it is succeeding," said Frist's press secretary Caroline Weyforth...read more