Featured Articles Archive - Page 679

Rebecca's Recommendations - August 18, 2006

There are three very important lessons that I learned from my trip to Costa Rica with Gambling 911 last week: 1)Never believe what you see and read in the media. Articles are exaggerated and fabricated, pictures are staged and manipulated...read more

Mississippi Casino Revenues Dip

MISSISSIPPI -- With seven hurricane-destroyed casinos still on the sidelines, revenues produced by Mississippi's gaming industry took another year-over-year dip in July, according to figures released Wednesday by the state's gaming regulators. But clearing skies are on the horizon. With only five casinos open during the month from what had been a 12-casino coastal gaming market, Mississippi gaming revenues were $222.7 million in July, a 6.3 percent drop compared with $237.6 million in July 2005. The five casinos in Biloxi contributed $74.7 million in gaming revenues...read more

The Real World Series of Poker

I tried to qualify for the 2006 World Series of Poker (WSOP) Main Event and failed. I tried to qualify for some of the smaller WSOP events and failed. So I did what any bitter poker player would do – I held my own World Series. True poker fans know the real WSOP is held at Binions, so when I became tired of losing in the corporate atmosphere of the Rio All-Suites Hotel and Casino, I took a cab over to the former Horseshoe to claim my own personal glory...read more

Gaming in the Gulf: Las Vegas Companies Stir Casino Revenue Rise

LAS VEGAS, Nevada -- Two Las Vegas-based gaming companies continue to spur a revival of Louisiana's casino market as the one-year anniversary of the devastation caused by Hurricane Katrina approaches. Louisiana casinos reported statewide gaming revenue of $226.5 million in July, a 4.1 percent increase from $217.7 million in July 2005, figures released Tuesday by the state's Gaming Control Board show. The rise came despite the continued closure of three storm-ravaged casinos, including the Columbia Sussex-owned Belle of New Orleans, which was destroyed last year by Hurricane Katrina on Aug...read more

Bally Technologies to Restate Earnings

LAS VEGAS, Nevada -- Las Vegas-based slot maker Bally Technologies announced Monday it has completed a lengthy review of its financial reporting from the past few years and will have to restate its fiscal earnings for 2003 through 2005. The 16-month-process, in which Bally needed to adjust revenue and operating income associated with various sales transactions between different quarterly reporting periods over a three-year period, has put a damper on the company in the eyes of investors. Bally Technologies, formerly known as Alliance Gaming, needed help from outside consultants to look at the slot sales and move the recognition of those profits into the correct time frames. Bally Technologies said it would file restated earnings and results with the Securities and Exchange Commission by the end of September for the past three years...read more

Nevada At Work: Up and Down the Strip, Architect Sees Reminders of His Work on Projects Past

Joel Bergman dislikes awards. He doesn't enter competitions for them. He believes the application process can give away too much inside information about his company, one of the gaming industry's leading architectural design firms. So when the Global Gaming Expo Institute awarded Bergman the 2006 Sarno Lifetime Achievement Award for Casino Design in May, he wondered who in the company submitted the application. The recipient of the prize, named for legendary Las Vegas gaming pioneer Jay Sarno, was chosen at random by the American Gaming Association, producers of the G2E Institute. The award recognized Bergman's excellence in the field of casino resort design and construction. Bergman's résumé resembles a trip down Las Vegas Boulevard...read more

Luck, Aggressiveness Turn World Series of Poker to Gold

LAS VEGAS, Nevada -- To the several thousand poker fans and observers who packed the Rio's convention area Thursday night and early Friday morning, Jamie Gold's World Series of Poker championship was a foregone conclusion. Of the 236 hands played during almost 12 hours of poker, Gold, a 36-year-old resident of Malibu, Calif., was involved in nearly 75 percent of the action, mostly on the winning side. "I just feel very fortunate that things went my way," Gold said after winning $12 million and a gold, diamond-encrusted World Series championship bracelet...read more

Rebecca's Recommendations - August 11, 2006

In case you did not get my joke, I was just kidding about having a new boyfriend. I am not dating Ron Jeremy (Don't know who he is? Google his name. Don't let your kids see). Standing next to Ron for a picture is pretty much the only contact I am willing to have with that man...read more

Jamie Gold Wins the 2006 WSOP Main Event

Picking a reason why he was able to win the 2006 World Series of Poker Main Event was difficult for 37-year old Jamie Gold. He did it to make his dying father proud. He did it for the dozens of family and friends who made the trip from California to chant his name...read more

Richard Lee - A Champion at Heart

When Richard Lee went on record as saying he didn't care about the 2006 World Series of Poker Main Event prize money because he already had enough, many people didn't know what to think about the well-spoken man from Texas. The question on everyone's mind was how could anyone say $12 million isn't life-changing money? The comment put many people off, but the more fans and media members found out about the 55-year old investor surrounded by a beautiful supportive family, the more they began to change their minds...read more