Gaming

Adelson: Casino competitors drag down business with low room rates

Sheldon Adelson, chairman and CEO of Las Vegas Sands Corp.

Sheldon Adelson has never been shy about blasting his Las Vegas competitors during earnings calls. On Wednesday, he jabbed at MGM Resorts International and Caesars Entertainment Corp. for low room rates.

25 July 2013
By Ed Komenda

Macau revenue sets record for Las Vegas Sands

Las Vegas Sands casino sits behind the Fishermans Wharf in Macau in this Feb. 7, 2006, photo.

Las Vegas Sands, operator of the Venetian and Palazzo resorts on the Strip and properties in Macau and Singapore, reported its second-quarter earnings Wednesday.

24 July 2013
By Richard N. Velotta

Social gaming boosts IGT earnings 40 percent from last year

Las Vegas-based International Game Technology reported its third-quarter earnings Tuesday. Revenue and earnings were up from the third quarter a year ago.

23 July 2013
By Richard N. Velotta

Despite planned boycott, players are all in at Venetian poker tables

The Venetian poker room is busy Monday, July 22, 2013, despite a planned boycott by poker professionals in response to owner Sheldon Adelson's negative remarks about online gambling.

At the stroke of midnight Monday, a boycott of the poker room at Sheldon Adelson's Venetian began. But virtually no change was visible Monday afternoon. Dozens of visitors crowded the tables. The only sign of a boycott was online.

23 July 2013
By Ed Komenda

Reid backs off criticism of Heller over online poker

Just a year ago, Nevada Sen. Harry Reid was busy making it his mission to prove that Nevada Sen. Dean Heller was inept at the delicate art of culling votes for Internet poker legislation.

17 July 2013
By Karoun Demirjian

Another argument for federally regulated online gambling: Thwarting terrorists

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

The case for federal online poker legislation was once about adults’ freedom to spend their money as they like and states’ need for an extra source of revenue.

17 July 2013
By Karoun Demirjian

Cantor Fitzgerald accused of shifting assets to boost Nevada gaming business

Lee Amaitis, President & CEO Cantor Gaming, makes a few remarks during the grand opening of The Cantor Sports Book at Silverton, Thursday, Nov. 29, 2012.

Financial services firm Cantor Fitzgerald is accused of sneaking technology out of a subsidiary to beef up its Nevada gaming business, according to a recently unsealed lawsuit. Refco Inc., a bankrupt futures brokerage, alleged in a March lawsuit that Cantor Fitzgerald secretly gutted its subsidiary Cantor Index Holdings and funneled technology from it into its parent company’s Nevada operations.

17 July 2013
By Bethany Barnes

Congressman takes one more run at legalizing online poker

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

U.S. Rep. Joe Barton, R-Texas, at the behest of the Poker Players Alliance, is taking a second stab at introducing legislation that would make online poker legal for players — no matter which state they live in — and give the federal government regulatory oversight of the practice.

17 July 2013
By Anjeanette Damon

Slow week for handicappers and sports book officials isn't so slow anymore

A sports bettor takes down some notes at one of the booths inside the new William Hill Race & Sports Book at the Plaza Hotel after the grand opening on Tuesday, Mar. 19, 2013.

Ted Sevransky considers the next two days the end of summer. From professional handicappers such as Sevransky to recreational gamblers who put in parlays on their lunch break, this is the slowest week of the year because Major League Baseball is dark until Friday for the all-star break. That gives handicappers and sports book officials a chance to take a much-needed break.

17 July 2013
By Ray Brewer

Bally says $1.3 billion acquisition of SHFL entertainment good for growth

Las Vegas-based Bally Technologies will acquire SHFL entertainment, the Las Vegas company formerly known as Shuffle Master, in a $1.3 billion deal announced today.

16 July 2013
By Richard N. Velotta

J.C. Tran aggressively surging into summer’s final day of WSOP Main Event

The 2013 World Series of Poker Main Event champion's bracelet made by Jason of Beverly Hills is valued at $500,000.

Players notoriously, and quite literally, fold under these lights. When the WSOP Main Event reaches its last couple days before the final table, the tri-colored beams spotlighting the ESPN stage and camera bulbs surrounding the outer tables seep through players’ minds and alter their decision-making.

15 July 2013
By Case Keefer

The Culinary Union: A history of striking

Culinary Union 226 members participate in a 1984 strike march on the Las Vegas Strip.

The Culinary has had a reputation as the scrappiest labor union in town from nearly its inception. Deservedly so. The union has organized several successful strikes.

15 July 2013
By Ed Komenda

Los Angeles business owner leads WSOP Main Event with 68 players remaining

Hundreds of players and spectators gather around Jack Effel, vice president of International Poker, as announcements are made on the first day of the World Series of Poker Main Event Saturday, July 6, 2012, at the Rio in Las Vegas.

The green, 25,000 denomination chips gently slide through Sami Rustom’s fingers underneath his luxury watch. Rustom peers into the eyes of his opponent across the table as he places his bet in front of him. Scooping the pot in with both hands after inducing a fold, Rustom shows no emotion.

14 July 2013
By Case Keefer

WSOP Main Event gets into the money as two players make history

Ronnie Bardah plays during the World Series of Poker Main Event on Thursday, July 11, 2013.

Ronnie Bardah has turned into poker’s version of his hometown New England Patriots. Much like the Patriots during their reign as one of the best teams in the NFL, it’s become safe to count on the 30-year-old Bardah being alive late with a chance to win a world championship. Bardah and one other player, his friend Christian Harder, tied a World Series of Poker record Friday afternoon at the Rio by securing a fourth consecutive Main Event cash.

12 July 2013
By Case Keefer

California says Galaxy Gaming unfit for business; may lead to Nevada investigation

Galaxy Gaming Inc, a Las Vegas table game developer, has been found unsuitable to do business in California.

12 July 2013
By Ed Komenda
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