Featured Articles Archive - Page 714

Rebecca's Recommendations - December 22, 2005

Today I write you from the mourning city of Boston as our beloved Johnny Damon has decided to abandon us for the New York Yanks. Whatever. 52 million shmillion. Ok, moving on. The good news is that I am about to tell you about some EXCLUSIVE offers for Casino City players...read more

Crackdown in Israe

Israeli police initiated an investigation into illegal online gambling advertisements on Monday by raiding the offices of Walla!, one of Israel's largest and most popular Web sites. The computer crime department of the Israeli Police's National Fraud Unit acted under orders from Attorney General Menahem Mazuz and State Prosecutor Eran Shendar, who have instructed police to crack down on Internet sites that place advertisements for online gambling sites. Police reportedly seized documents, interrogated witnesses and detained three employees in their raid on Walla! headquarters in Tel Aviv...read more

Station Casinos to Develop North Las Vegas Hotel-Casino

Station Casinos announced Tuesday that the company had been chosen to develop a gaming complex on 40 acres in Aliante, a master-planned community in North Las Vegas. The project, dubbed Aliante Station is expected to break ground next year and finish construction in 2008. Station Casinos told gaming analysts the project will initially cost between $400 million and $450 million and have a 200-room hotel and a casino with approximately 2,000 slot machines. Other amenities are expected to be added and the project could expand. The land, within the 1,905-acre Aliante development, is owned by the Greenspun Corp., which will be an equal partner in the venture with Station Casinos. In an arrangement similar tho the one the two companies have with the Green Valley Ranch Resort, Station Casinos will manage the property for a fee that includes 2 percent of the property's revenue and 5 percent of its operating cash flow. American Nevada Co., Greenspun's real estate development arm, will contribute the site...read more

Caesars Now Primed for Poker

Hoping to ride the current wave of poker popularity, Caesars Palace will open a $12 million poker room today, the casino's first poker room in 16 years. Caesars Palace, now operated by World Series of Poker owner Harrah's Entertainment, will offer a permanent 30-table poker room next to the resort's race and sports book. Eleven original LeRoy Neiman paintings showcasing nearly 40 years of Caesars Palace history decorate the entrance to the poker room. Caesars Palace follows other Strip and downtown casinos, such as the Las Vegas Hilton, The Mirage and the Golden Nugget, that have reopened poker rooms recently to capitalize on the game's growing popularity. Poker is televised almost daily on various sports-oriented cable channels and the World Series of Poker this year drew a record 30,000 participants to 45 events. "We are very excited to debut the Caesars Palace poker room especially considering poker's incredible rise in popularity over the past few years," Caesars Palace President Gary Selesner said in a statement. The poker room consists of an 8,500-square-foot main playing area and an additional 6,000 square feet for tournaments that can accommodate 33 additional tables...read more

Harrah's Unloads Gulfport Casino

Harrah's Entertainment reduced its losses in the hurricane-ravaged Mississippi Gulf Coast, agreeing on Tuesday to sell what's left of the Grand Casino Gulfport to owners of another destroyed casino. In announcing the deal, Harrah's said it would concentrate on rebuilding the Grand Casino Biloxi, which was also destroyed by Hurricane Katrina on Aug...read more

Locals Gambling: Say Hello to South Coast

The meeting might have taken more time if they had decided to order appetizers. When Bill Boyd and Michael Gaughan got together in early 2004 over dinner at Ruth's Chris Steak House to negotiate Boyd Gaming's $1.3 billion purchase of Gaughan's Coast Casinos, the discussion between the two gaming industry pioneers took all of 90 minutes. "We wanted to meet at a neutral location...read more

Coast Casinos Sticks to Successful Theme for Newest Property

Guests entering the $600 million South Coast on Thursday night might be struck by a sense of familiarity. The South Coast is similar in layout to its sister property, the Suncoast, which caters to a Summerlin audience. It also contains many of the accompaniments longtime Coast customers have come to expect. South Coast will open at 7 p.m...read more

The Future of Hedging

The influence of betting exchanges on British horse racing could bring about a change to the model of race betting that has existed in the United Kingdom for several decades. Britain's on-course bookmakers have traditionally shortened prices by laying horses to lose in the on-course the ring, thereby limiting their potential losses...read more

Biloxi Says No to Golden Nugget

BILOXI, Mississippi -- Plans by Houston-based Landry's Restaurants to bring a Golden Nugget-brand casino to hurricane-ravaged Biloxi, Miss., were rejected this week by the city's elected leaders. Landry's Restaurant offered to lease the land for a Golden Nugget Casino, but the Biloxi City Council rejected its offer this week after the two sides could not agree on a price. The City Council is now looking at Biloxi-based Isle of Capri to develop the site on 18 acres north of Highway 90 in the Point Cadet area on Biloxi's eastern edge...read more

Casinos Defend Against 'Supernotes'

LAS VEGAS -- North Korean-produced 'supernotes' -- authentic looking but counterfeit $100 bills -- have infiltrated cashier cages of Strip casinos but are not causing widespread problems, federal and state authorities said. "They have been passed around, but it's infrequent and there are only a small percentage of the notes that have been passed here," said Paul Masto, assistant special agent in charge of the U.S...read more