As soon as you hear the first riff on ESPN’s coverage of the World Series of Poker, your heart rate immediately starts to rise when you see a huge poker chip popping up on your TV screen. When you see the faces of Phil Ivy, Daniel Negriano, and Phil Helmus, you feel as if you
During this downturn, large strip casinos have kept hotel use high by cutting room rates and offering discounts and other promotions. However, this volume-driven strategy has a key weakness. In recent months, revenue for some of the big casino operators has fallen faster than revenue, or total revenue before costs. It’s a sign that those
Billions of dollars, such as Texas Pacific Group and Apollo Management, can buy all or most of the company to become the controlling shareholder and elect directly selected members to the company’s board of directors. Acquisition and turnaround specialist Texas Pacific Group could buy a floundering business like Burger King, which was improved by Continental
NETeller founders Stephen Lawrence and John Lefebre have been arrested and charged with money laundering, and the popular e-wallet NETeller has not allowed American players to use its services to transfer money to internet gambling sites. According to a 2006 interim report by NETeller, a publicly traded company listed on the London Stock Exchange, NETeller
A NETELLER press release released Thursday morning said NETELLER was unable to pay U.S. customer withdrawals because U.S. banks refused to do business with one or more of the e-wallet-based automated clearinghouses. The NETeller data also said the U.S. Attorney’s Office for the Southern District of New York is further disrupting the withdrawal process by
Golden Farm’s site on a three-acre island at the southeast corner of Tropicana Avenue and Dean Martin Drive has made it difficult to expand. The site borders a flood channel to the south and interstate 15 to the east. The land with Golden Palm was valued at $46.6 million in November. The property, which is
It’s an up-to-date trend for slot machines, and only Mohegan Sun has it. The top entertainment destination in the Northeast is excited to announce the installation of 20 half-cent slot machines at casinos on Earth and casinos in the sky, and plans to install another 15 to 20 half-cent machines over the next two to
Game companies will not discuss the possibility of Nevada casinos being converted to non-smoking in the near future. A spokesperson for a domestic gaming company said when asked about the possibility that “the company will not deal with speculation.” However, the writing may be on the wall. In November, voters passed Nevada’s Indoor Air Cleaning
Venetian Resort Hotel Casino, one of the world’s top tourist attraction resort casinos, announced that it is renovating more than 3,000 rooms with all-suite rooms. The $100 million renovation began in early 2007 and is expected to be completed by the fall of 2007. Resort Hotel Casino and Venetian Tower in Venice include a sunken
Vinion in downtown Las Vegas has been the subject of buying and selling speculation for months, and recent comments from the chief executive of the West Virginia company that owns the historic casino have added fuel to rumors. But so far, neither Edson Arnaud nor anyone else at MTR Gaming Group’s headquarters, W.Va. Chester, has