Featured Articles Archive - Page 725

Shuffle Master Earnings Increase; New Products Already Popular

On the same day Shuffle Master announced several quarterly earnings records, the table game equipment manufacturer said it had made significant sales inroads with two of its newest products. The Las Vegas-based company said Tuesday it had received its largest order for a roulette table chip sorting machine and that its automated table game product will be distributed into Spain...read more

Revenue Growth Slows for PartyGaming

PartyGaming Plc's first financial interim report as a publicly traded company reveals that the company's revenue growth is slowing while retention rates and player yields are declining at quicker rates than expected. "Poker isn't dead, but the talk of 45 percent growth now looks unrealistic." Following the release of the report on Monday, the company lost one third of its share value, or more than US$4 billion, throughout the course of the day...read more

Casinos Looking for Answers

MISSISSIPPI -- While the Gulf Coast casinos either destroyed or heavily damaged by Hurricane Katrina were all covered by some form of business interruption and property damage insurance, it is unclear if the individual policies will keep their corporate owners from having to pay out of pocket to rebuild their multimillion-dollar gambling halls. The 12 casinos in the Mississippi communities of Biloxi and Gulfport and the four casinos in the New Orleans area were either devastated beyond repair or suffered varying degrees of structural and interior damage from the hurricane's 145-mph winds and 30-foot storm surge. Insurance adjusters so far have been unable to assess the viability of the individual casinos...read more

Not a Good Week for Europe's Anti-Monopoly Movement

In addition to Wednesday's Dutch court decision in favor of maintaining the country's betting monopoly, two other European courts have delivered key verdicts in this area within the last week. A Maltese court on Monday dismissed a claim by Malta-licensed remote gaming operator, Mrbookmaker.com, which was seeking an injunction to cancel an agreement between itself and Dutch betting and lotteries operator De Lotto...read more

Mississippi Reconsiders Casino Regulations

LAS VEGAS -- As Las Vegas-based gaming companies continue to evaluate their losses in the hurricane-ravaged Gulf Coast, changes may be sought in Mississippi's gaming regulations before casino operators commit to rebuilding their multimillion-dollar gambling halls...read more

Caesar's Tower Already Sold Out

LAS VEGAS -- Guests didn't want to wait until Caesars Palace's corporate leaders and entertainer C line Dion cut the ribbon tonight to officially open the Strip hotel's new $289 million, 949-room Augustus tower. The building is already sold out. Harrah's Entertainment, which acquired Caesars Palace as part of its $9 billion buyout of Caesars Entertainment in June, held a soft opening of the tower during August...read more

Dutch Verdict: De Lotto Defeats Ladbrokes

Rob van der Gaast contributed to this article. Ladbrokes on Wednesday suffered another defeat in its legal battle to offer remote gaming services to residents of the Netherlands, as one of the country's courts issued a primary proceedings judgment stating that Dutch laws are consistent with their goals of limiting gambling-related fraud and addiction...read more

Rebecca's Recommendations - September 1, 2005

Welcome Back to Rebecca's Recommendations! Today I wanted to spend some time and tell you about an online casino that treats employees, advertisers, affiliates, and players like solid gold. After every single interaction I have had with a GoldenPalace.com Online Casino employee, the lovely, trendy, smart and friendly French Canadians that they are, I have left the conversation with a smile and with a very good feeling about the organization...read more

Hurricane Katrina's Aftermath: Casinos Sort Out Damage

Hurricane Katrina devastated Mississippi's $2.7 billion-a-year casino industry, especially the hard-hit Gulf Coast communities of Biloxi and Gulfport. Gaming observers believe it may be months before the state recovers. Initial reports show casinos operated by Las Vegas-based companies, including Harrah's Entertainment, MGM Mirage and Pinnacle Entertainment, suffered severe damage during the Category 4 hurricane, which had winds clocked at 145 mph and a storm surge of up to 25 feet. As authorities surveyed the areas Tuesday, it became clear that repairs will be extensive...read more

Pinnacle Boosts Budget for St. Louis Project

Pinnacle Entertainment on Monday said the price of its planned riverboat casino near the Gateway Arch in downtown St. Louis has doubled due to additional commitments and an increase in the project's scope. The Las Vegas-based casino operator said it will spend $400 million on the planned hotel-casino complex, up from the original cost of $208 million...read more