Wynn for Party, Lose for Zynga
The business of poker takes center stage this week as Wynn Resorts is rumored to be buying bwin.Party and Zynga poker faces a patent lawsuit that could jeopardize its billion-dollar operations.
Also, a downtown Vegas mainstay is looking to renovate and reopen their once popular hotel.
Wynn Resorts Rumored to be Interested in Purchasing bwin.Party
Back in March, the merger between Party Poker and Bwin was finalized. Since that point, the company has seen its stock price drop by around 45 per cent.
It appears now that Steve Wynn and Wynn Resorts may be interested in taking over the current #3 online poker site in the world.
Rumors swirled on Tuesday regarding a potential takeover by Wynn and stock prices of bwin.Party shot as high as 170p per share before falling back to 105.7p.
This is the 2nd week in a row that bwin.Party has been the talk of a takeover. Last week, William Hill Poker was rumored to be among those interested in taking over the company.
At present, bwin.Party nor Wynn Resorts have released a statement on the matter.
Zynga Poker Sued for Patent Infringement
Zynga Poker's popular social gaming operations may be in jeopardy following a patent infringement suit filed today in the U.S. District Court for the District of Delaware.
Agincourt Gaming accuses Zynga of violating patents held by the company relating to credits-based online gaming as well as the prize redemption system the site uses.
Agincourt claims that Zynga violated their patents on other games such as FarmVille, FishVille, YoVille, Empires & Allies, Treasure Isle, Mafia Wars, CafeWorld and others.
According to Bill Carmody, a senior partner with the firm that is representing Agincourt:
"Agincourt's patents cover the most lucrative aspects of online social gaming - including those comprising the bulk of Zynga's revenues - as they contain the crucial 'link' that allows for global, interactive prize redemption over the Internet."
Binion's Hoping to Reopen Hotel in Near Future
Binion's Horseshoe in Las Vegas, NV has announced plans to renovate and eventually reopen its hotel tower.
The casino closed its hotel in 2009 due to deteriorating conditions.
The renovated hotel would have a new climate control system as well as a complete interior overhaul.
The current furnishings date back to the 70s and the climate control system is based on a two-pipe system that caused the hotel to be uncomfortable to many in the fall and spring months.
According to Tim Lager, the General Manager of Binion's, owner Terry Caudill's "No. 1 priority is to find a way to reopen the tower completely remodeled.
"He thinks things are starting to come around."
Lager states that it may still be a year or more before any real progress is made towards getting the renovation project off the ground, but in the meantime players looking for a room can get one at Binion's sister property Four Queens which is just across the street.
Editor's Note: PokerJunkie Blogger Compncards has stayed at the Four Queens numerous times and recommends it for those looking to stay in Vegas on the cheap.