Topic: Gambling
While the recession has slot players tightening their spending habits, Nevada casinos appear to be loosening up. From 1995 through 2008, the percentage of wagers kept by Nevada slot machines crept up while the percentage paid out to players declined. Last year that trend was reversed, with slots paying back 93.9 percent of wagers versus 93.8 percent in ...
HarrahÕs Entertainment is spending about $100 million to buy the Planet Hollywood resort from a nearly bankrupt neighbor and reinvest more money into the property. It spent $60 million to build five posh swimming pools that open Friday at Caesars Palace. Three other pools there were upgraded ...
Although the United States has lost millions of manufacturing jobs, Nevada has remained the global leader in a manufacturing niche — gambling equipment. More than half of the global gaming supplier industry is in Nevada. These companies make the casino industryÕs most iconic products: slot machines, table games and green felt layouts, card-shuffle machines, even gamblersÕ chairs. They also include slot ...
A San Diego man who led a card-cheating ring that bilked dozens of casinos out of $7 million was sentenced Monday to nearly six years in federal prison. Phuong Quoc Truong has acknowledged leading the ring, known as the "Tran Organization," that targeted 27 casinos across ...
