Gaming

Former Cantor Gaming exec pleads guilty to role in illegal gambling ring

Race and sports book director Mike Colbert poses with a wireless tablet at the M Resort on Wednesday, Aug. 4, 2010. Customers with accounts can use the tablet to place bets without standing in line. The sports book also has "In-Running" wagering during games.

Michael Colbert, a former director of risk management and vice president with Cantor Gaming in Las Vegas, has pleaded guilty to one felony charge of conspiracy for his role in a nationwide illegal sports betting ring that police busted last year.

2 October 2013
By Bethany Barnes

Caesars Entertainment sells 10 million stock shares to Swiss banking firm to help cover loan

Caesars Entertainment Corp. has sold 10.3 million shares of its common stock to a Swiss banking firm for $200 million, according to a filing with the Securities and Exchange Commission.

1 October 2013
By Ed Komenda

Gambler who had $40 million Las Vegas hot streak in '90s runs out of luck

Archie Karas carved out a name for himself as the legendary gambler who stumbled through Las Vegas casinos in the early 1990s on a two-year streak of extraordinary luck, turning $50 into $40 million.

1 October 2013
By Ed Komenda

Downtown casino owner pays $10 million for abandoned courthouse

This is the exterior of the old county court house Thursday, Aug. 22, 2013.

A Las Vegas casino owner has snatched up 2.74 acres of prime downtown property for $10 million after winning a public auction today at the Clark County Commission meeting. The D Las Vegas co-owner Derek Stevens submitted the only bid for the site of the former county courthouse at Third Street and Carson Avenue, which sits diagonally across the street from his casino. Stevens said the site would give The D room to grow. “The location is great. It gives us a few options,” he said.

1 October 2013
By Conor Shine

Dodging the Dodgers: Vegas sports books could take hit on World Series favorite

Los Angeles Dodgers' Hyun-Jin Ryu, of South Korea, right, celebrates with Yasiel Puig after their win over the Arizona Diamondbacks after a baseball game, Thursday, Sept. 19, 2013, in Phoenix. The Dodgers clinched the N.L. West with their 7-6 win over the Diamondbacks.

The Los Angeles Dodgers became the talk of Major League Baseball during a win streak that saw them victorious in 26 of their first 30 contests after the All-Star Game. Las Vegas oddsmakers turned into the ones who needed a break as it felt like 26 out of every 30 people to enter the sports book wagered on the Dodgers to win the World Series.

1 October 2013
By Case Keefer

Gaming Commission disciplines three businesses, adds a name to Black Book

The Nevada Gaming Commission disciplined three Clark County businesses with slot machines and placed a slot cheater in the Black Book last week.

30 September 2013
By Cy Ryan

Table games lead 11.1 percent spike in August casino revenue

Fueled by baccarat play, Nevada casinos posted an 11.1 percent increase in gaming revenue in August compared to the same month last year.

30 September 2013
By Cy Ryan

Gamer profile: Slot developer fancies wine, green cars and sci-fi flicks

Ian Arrowsmith, director of game development for Bally Technologies

Game developers are the mathematical geniuses and tech junkies responsible for the sea of slot machines that flows through Las Vegas. But who are they? What do they drive? Where do they party? Whom do they read? VEGAS INC is bringing some of the personalities behind the biggest gaming companies in the world out of the shadows and into the spotlight.

29 September 2013
By Ed Komenda

Gaming execs say casino industry has reached saturation point

Tourists walk on the Las Vegas Strip on Thursday, April 28, 2011.

Saturation has arrived in the gaming industry and except for a few outposts, there aren’t many places in the United States where a player can’t drive three hours or less to get to a casino, a panel of gaming industry executives said.

26 September 2013
By Richard N. Velotta

New in slot machine gaming: 'Titanic,' 'Walking Dead,' online progressives and DeLoreans

A zombie looks on as people try out the new "Walking Dead" video slot machine by Aristocrat during the G2E convention at the Sands Expo Center Tuesday, Sept. 24, 2013. The slots are themed after AMC's Walking Dead television drama.

The biggest theme in new slot machines at this year's Global Gaming Expo was Hollywood. Many of the new titles centered on pop culture, from "Avatar" to ZZ Top. Most drew big crowds.

25 September 2013
By Ed Komenda

David Copperfield's new act: the face of a new line of slot machines

Video slot machines themed after the magic of David Copperfield are displayed during the G2E convention at the Sands Expo Center Tuesday, Sept. 24, 2013.

His slot machine makes your money disappear. Considered by most to be the world's greatest illusionist, David Copperfield now has another line to add to his resume: He has his own slot machine.

24 September 2013
By Ed Komenda

Florida legislators consider options to expand gambling

Imagine Florida with slot machines at several dog tracks, intended to lure Georgians to Jacksonville, Alabamans to Pensacola, high rollers to Palm Beach and race fans to Daytona Beach. That is one of the ideas gaining steam in Tallahassee as gaming promoters plan ways to expand Florida’s gambling empire in exchange for closing loopholes that have exploded over the past few years.

24 September 2013
Mary Ellen Klas, Times/Herald Tallahassee Bureau

Whistleblower: Banks may be laundering poker money

A banker who stood up against an online gambling operation was the star of an anti-money-laundering conference in Las Vegas on Monday. Compliance officer Cathy Scharf told an auditorium full of aghast colleagues about her experiences at a Utah bank that illegally processed at least $200 million for the offshore gambling sites PokerStars and Full Tilt Poker.

24 September 2013
By Hannah Dreier, Associated Press

How online poker companies track players and verify their location

Casino industry representatives and exhibitors watch an online poker game during industry's G2E conference, Tuesday, Oct. 4, 2011, in Las Vegas.

People call him the "sheriff of online gambling," but Rip Gerber says he's more like border patrol. As CEO of Locaid, a San Francisco technology company, Gerber makes sure gamblers are where they say they are. Locaid verifies the location of online gamblers for Ultimate Poker, William Hill and the newest entrant into Nevada's online poker industry, the World Series of Poker.

24 September 2013
By Ed Komenda

More celebrity than innovation: Analysts say gaming's reliance on pop culture waters down products

People try out the new KISS-themed slot machine at the WMS Gaming booth during the Global Gaming Expo (G2E) at the Sands Expo Center Tuesday, Oct. 2, 2012.

Call it the year of movie-themed moneymakers. Gambling insiders expect this year’s Global Gaming Expo to be light on breakthroughs but heavy on pop culture. The convention's most-anticipated games this year center around popular movies and pop stars of the last century. And while the subjects are wildly popular, analysts say manufacturers' growing reliance on such a tried-and-true formula dampens investors’ interest in the industry.

23 September 2013
By Ed Komenda
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