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May 25, 2015

Latest From Our Strategy Experts

May 25, 2015

arrowFrank Scoblete: Three advantage-play machines

Three advantage-play machines
Gaming guru Frank Scoblete introduces readers to S&H Green Stamps, Double Diamond Mine and Triple Diamond Mine -- three slot machines where players can find "advantage-play."  read more
 

Featured Story

Anti-Web gaming bill could backfire for supporters

A bill in Congress that aims to ban online gambling, which is supported by casino executives Sheldon Adelson and Steve Wynn, would inadvertently criminalize Nevada's booming mobile sports wagering business, according to a recent analysis.  read more
Anti-Web gaming bill could backfire for supporters
 

CASINO

Nevada lets Uber in

A bill authorizing ride-hailing companies like Uber and Lyft to operate in Nevada won approval early Saturday in the Nevada Legislature. The governor is expected to sign the bill into law.  read more

Shareholder ends proxy fight with MGM Resorts

Land and Buildings Investment Management says "substantial insider shareholders" were resistant to changing the company's board.  read more

Analyst sees no 'silver bullets' to Macau turnaround

Goldman Sachs gaming analyst Steven Kent has downgraded his stock price projections for Wynn Resorts, Las Vegas Sands. and MGM Resorts, which all have a major presence in Macau.  read more

Malaysian businessman pleads not guilty in new gambling case

The charges stem from an FBI-led raid July 9 at three luxury Caesars Palace villas used in what authorities said was a worldwide multimillion-dollar betting operation.  read more

Key shareholder urges that Affinity Gaming be sold

Illinois-based Z Capital Partners says Affinity "has seen no meaningful board leadership or value creation for shareholders" since it was created in 2010 following the bankruptcy reorganization of Herbst Gaming.  read more

Stutz: Purchase of Tropicana keeps alive Rat Pack-era name

The transaction, which is expected to close by the end of the year, not only gives Penn National Gaming its long sought-after address on the Strip, but keeps alive an historic name and a Rat Pack-era property.  read more

MGM Resorts files application to leave Nevada Power Co.

The company becomes the latest Las Vegas operator to leave Nevada Power and purchase its own electricity on the wholesale market, joining Wynn Resorts and Las Vegas Sands.  read more

Judge rules she has jurisdiction in Sands China case

A Las Vegas judge ruled Friday that she has jurisdiction over Sands China in a wrongful termination case filed by the company's former president and CEO.  read more

SLOTS

IGT to sell Las Vegas complex, consolidate

The slot machine manufacturer now has its corporate headquarters in London and maintains additional operating headquarters in Rome and Providence, R.I.  read more

The Reel Life: POTUS subtweeting edition

President Barack Obama has officially joined Twitter. And within minutes, former President Bill Clinton hit him with an awesome subtweet.  read more

POKER

Pala hosting Iron Man IV

The $250 buy-in tournament on Saturday, June 27, will have a $20,000 guaranteed prize pool.  read more

Did You Know
Did You Know?
Paddy Power has 571 brick-and-mortar betting shops in Ireland and the U.K., but the company says its online business is responsible for 77 percent of its profit.
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