Featured Articles Archive - Page 691

NCLGS Reconsiders Stance on Internet Gambling

BOSTON -- The National Council of Legislators from Gaming States (NCLGS) took a position against Internet gambling in the late 1990's, fearing that online gaming would take the ability to control gambling away from states. The organization may reevaluate that position after holding a hearing on the issue at its summer meeting in Boston just over a week ago. Current legislative efforts in the U.S...read more

Gaming Revenue: Casinos Have Best-Ever April

NEVADA -- For the first time in 2006 Nevada casinos didn't win more than $1 billion from gamblers in a given month. But don't think for one minute that casinos suffered during April. Nevada gaming regulators said Friday the state's gambling halls had their largest gaming win ever for the month of April, collecting $989.8 million from customers...read more

Aristotle's Probe: Consumer Thoughts on Privacy, Identity and Honesty

Aristotle International, a company that provides age and identity verification in addition to several other services, recently commissioned the first of a series of benchmark surveys on U.S. and U.K. consumer online behavior and has learned some interesting and useful facts. During the first two weeks of May, the group conducted a survey collecting information on the online behaviors of over 500 British and American citizens...read more

Rebecca's Recommendations - June 9, 2006

I hope you have enjoyed my crazy tales from Montreal and Miami, and lucky for you, next week you can read all about my affiliate appreciation trip in Costa Rica. The beauty of this trip is that there are zero booths, lectures or meetings. Actually, let me give you a taste of the fabulous itinerary: enjoy the "delights" of downtown San Jose nightlife, relaxation time, sunset drinks at Villa Caletas, enjoy the nightlife of downtown Jaco, catamaran trip to Tortogua Island, Hawaiian theme dinner...nice, very nice...read more

Lady Luck Gets $66 Million Loan

LAS VEGAS -- A California investment firm has loaned the owners of the shuttered Lady Luck $66 million to be used in renovating the downtown hotel-casino. The financing package is the first tangible development on the Lady Luck since the newly named Downtown Resorts LLC, formerly known as Henry Brent Co., closed the 700-room hotel-casino Feb...read more

Shuffle Master Posts Quarterly Loss

LAS VEGAS -- Costs associated with the purchase of an Australian slot maker in February affected second-quarter earnings of gambling equipment supplier Shuffle Master. The company Thursday announced a loss per share of 37 cents for the quarter ended April 30, despite a 60 percent jump in overall revenues and a 32 percent increase in cash flow, defined as earnings before interest, taxes, depreciation and amortization. Las Vegas-based Shuffle Master, which supplies casinos with automated card shufflers and other table game equipment, management systems and table games such as Three Card Poker and Let It Ride, took a one-time write-off of $19.1 million associated with its $108 million purchase of Stargames. Stargames, which distributes Rapid Roulette, an electronic version of the table game, is Australia's third-largest slot machine manufacturer. Shuffle Master Chief Financial Officer Richard Baldwin said consolidating Stargames results into the company following the merger resulted in a net loss...read more

Bringing Down the House with Andy Bloch

Andy Bloch wasn't the only member of the MIT Blackjack Team that took casinos around the world for millions of dollars in the 90's, but the title of the novel that chronicles that incredible run - "Bringing Down the House," - could easily be assigned just to him...read more

Book Review: How to Win the World Series of Poker (or Not)

If you're looking for a feel good story about an amateur who fulfills a lifelong dream of winning the World Series of Poker - this is not your book. Pat Walsh is not the main character from "Rounders" nor is he Chris Moneymaker. He's simply an author with a publisher willing to front him the money required to learn about poker...read more

Internet Wagering Becomes A Felony in Washington State

Effective today, June 7, 2006, placing a bet over the Internet on an on-line casino is a felony in Washington State, with penalties potentially including a prison term of up to five years and a $10,000 fine. The State of Washington is the first U.S...read more

Aristocrat President to Leave

AUSTRALIA -- Aristocrat Technologies President Gavin Isaacs, who is credited with helping turn around the American fortunes of the Australian-based slot machine company, resigned over the weekend. In a statement released from company headquarters in Sidney, Australia, Isaacs said he will remain at the company's American headquarters in Las Vegas until Aug...read more