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Howard Stutz Gaming Guru - Page 154Pinnacle Entertainment acquires bankrupt operators of Epic Poker League and Heartland Poker Tour18 June 2012
Las Vegas-based Pinnacle Entertainment, Inc., which is owed $2 million by the bankrupt Federated Sports + Entertainment, said Friday it acquired the company and its two poker businesses, the Epic Poker League and Heartland Poker Tour.
Pinnacle, which operates six casinos in St. Louis, Louisiana and Indiana, and a racetrack in Ohio, did not reveal a purchase price for the transaction. ... (read more)
MGM Resorts strikes deal for hotel-casino complex near Washington, D.C.18 June 2012
MGM Resorts International signed a deal Friday to build a large hotel-casino complex in southern Maryland, but there are many obstacles to navigate before slot machine gamblers can line up cherries roughly 10 miles from The White House.
The casino giant announced the agreement jointly with the Peterson ... (read more)
Record number 50 and over begin play in three-day poker championship at Rio18 June 2012
The World Series of Poker set a record Friday for the largest ever one-day starting field in a poker event. When the numbers were counted for the Seniors No-Limit Hold'em Championship, 4,128 players age 50 and over paid the $1,000 buy-in to compete in the three-day event at the Rio. It was the largest starting field in the 43-year history of the World Series of Poker. ... (read more)
Entries, prize money down at WSOP, but organizers aren't concerned18 June 2012
The first 29 events of the 2012 World Series of Poker have drawn slightly fewer entries compared to the same number of events from a year ago. So far, the 43rd tournament at the Rio has attracted 28,394 entries. In 2011, the tournament had 29,421 entries through 29 events. The prize money is also down ... (read more)
Union Gaming hires Wall Street veterans to expand Las Vegas-based firm18 June 2012
Las Vegas-based Union Gaming Group is making a move to build out an institutional equity trading platform.
The company, which advises the casino industry and provides research analysis on publicly traded gaming companies, hired three new managing directors from Wall Street.
Matthew Brown, who most ... (read more)
Return of poker superstar Phil Ivey creates stir at WSOP18 June 2012
At the halfway point of the 43rd World Series of Poker, several storylines have developed. Popular poker professional Andy Bloch won his first-ever individual championship bracelet in a Seven Card Stud event, ending an 18-year drought. On the flip side, Phil Hellmuth Jr. captured his record-setting 12th bracelet by winning a Seven Card Razz event. ... (read more)
IGT to repurchase up to $1 billion of the company's stock15 June 2012
Analysts applauded a decision by slot machine maker International Game Technology (IGT) to repurchase up to $1 billion of the company's outstanding stock over the next three-to-four years, saying the move reflects a confidence in business trends and could boost the value of the manufacturing giant.
Investors seemingly agreed. ... (read more)
Las Vegas Sands president signs contract extension14 June 2012
Las Vegas Sands Corp. President Michael Leven celebrated the birth of his sixth grandchild in April.
After 2014, Leven will have much more time to dote on his newest grandson.
The company announced Wednesday that Leven, 74, signed an extension to his employment agreement that will keep him at the helm of the casino operator until the end of 2014. ... (read more)
East, West to flavor Nobu Hotel at Caesars Palace13 June 2012
David Rockwell says the beauty of Las Vegas is its constant reinvention. He would know. Rockwell and his New York-based Rockwell Group had a hand in creating the interiors at several Strip resorts, most recently The Cosmopolitan of Las Vegas and Crystals at CityCenter. On Monday, the architect described ... (read more)
Is 2012 the start of a new chapter in the poker career of Phil Ivey?11 June 2012
Phil Ivey quietly returned to the World Series of Poker this month after spending a year out of the limelight. His comeback Friday night was anything but understated. Ivey, who owns eight World Series of Poker individual event championship bracelets, was in position to win his ninth Friday night at the Rio, reaching the final table of the Seven Card Stud Hi-Low Split-8 or Better event. ... (read more)
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