Featured Articles Archive - Page 672

Bankoff Leading the 2006 U.S. Poker Championships

Day Three of the 2006 United States Poker Championships concluded at 10:30 p.m. EST Wednesday night after the field was narrowed to 81 players. The event began with a professional-laden group of 261. One of the most prestigious non-tour titles in poker and a prize pool totaling more than $2.5 million up for grabs at the Taj Mahal in Atlantic City, N.J...read more

Mergers and Acquisitions: Waiting Starts After Bid

LAS VEGAS, Nevada -- As the dust settled Tuesday around the massive buyout offer for Harrah's Entertainment, analysts speculated that nothing would change for the world's largest casino operator until company directors decide what to do with the $15 billion proposal. Texas Pacific Group and Apollo Management have offered to buy all Harrah's Entertainment's stock for $81 a share...read more

Wynn Human Resources Exec Announces He Plans to Retire

LAS VEGAS, Nevada -- Arte Nathan, who has spent more than two decades overseeing human resources for Steve Wynn's casino companies, said Friday he was retiring. The 56-year-old Nathan, who developed and implemented the hiring practices for some of the Strip's largest hotel-casinos, said he wanted to pass along his experience in human resources to others. "I've had one of the most incredible runs a person in my profession could have," Nathan said...read more

Applied Analysis Index: Gaming Stocks Head Up

LAS VEGAS, Nevada -- Gaming stocks ended a three-month downturn in their average daily prices during September, mainly due to greater consumer confidence nationally and a record-breaking gaming win by Nevada casinos in July. Analysts pointed to falling oil prices and an overall rebound in the assuredness investors have found in the economy. An index compiled by Applied Analysis, a Las Vegas-based financial consulting firm, showed the average daily stock prices of some of the gaming industry's largest companies climbing a collective 4 percent in September...read more

Station Casinos Spends Millions on Upgrades

LAS VEGAS, Nevada -- Station Casinos executives found a way to fill time in between building new hotel-casinos -- upgrade their older properties. Since 2005, the company has spent $542 million on expansion projects at its Las Vegas casinos, a process that began in 2005 and will carry over into 2007...read more

Internet Gambling Prohibition: How Does it Affect the Consumer

The Unlawful Internet Gambling Enforcement Act passed by Congress, coupled with the flurried response of Internet gambling companies around the globe, has left many wondering what the impact of the bill will have on the Internet gambling habits of Americans. Most of the answers remain to be seen. Read more Related stories Congress deals Internet gambling a bad hand | Legal analysis | Party Poker leads industry exodus | What's a good gambler to do? Industry giants PartyGaming – parent company of Party Poker – 888, and Cryptologic, have already announced that they will stop taking bets from U.S...read more

PartyPoker leads exodus of public companies out of U.S.

Several Internet gambling companies, including PartyPoker and 888, will stop accepting wagers from Americans when President Bush signs into law a measure that forces banks and credit card companies to block transactions with online casinos...read more

Congress passes Unlawful Internet Gambling Enforcement Act

Congress dealt a massive blow to U.S. Internet gamblers over the weekend when it passed legislation forcing U.S. banks and credit card companies to block electronic transactions to Internet gambling businesses late Friday night. Online gaming giants PartyPoker and 888 will suspend business with U.S.-based customers when President Bush signs the bill...read more

The Unlawful Internet Gambling Enforcement Act of 2006 Analyzed

The Unlawful Internet Gambling Enforcement Act of 2006 was rammed through Congress by the Republican leadership in the final minutes before the election period recess. According to Sen. Frank R. Lautenberg (D-N.J.), no one on the Senate-House Conference Committee had even seen the final language of the bill...read more

JC Tran Wins the 2006 WCOOP Main Event

Accomplished tournament poker professional JC Tran (area23JC) won the 2006 World Championships of Online Poker (WCOOP) No-Limit Hold'em Main Event, earning an online-record $670,194 and the prestigious WCOOP gold bracelet. Tran, who is coming off a World Series of Poker (WSOP) where he cashed six times and made one final table, is having a career year...read more