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January 14, 2008

Latest From Our Strategy Experts

January 14, 2008

arrowAl Krigman: Do slot parlors protect gamblers?

Do slot parlors protect gamblers?
After Pennsylvania authorized all-slots casinos, Krigman wondered if the reasoning behind this restriction was logical and his analysis proves that the politicians who thought citizens would be protected from high losses may be backward in their thinking.  read more
 

Featured Story

Mohegan Sun celebrates expansion project milestone

The $925-million project – which will make the Connecticut casino one of the largest in the world – inches closer to reality as the tribe commemorates the installation of the final steel beam at the new Casino of the Wind.  read more
Mohegan Sun celebrates expansion project milestone
 

CASINO News

CASINO

Foxwoods Resorts Casino president resigns

The Mashantucket Pequot Tribal Nation reports that John O'Brien has tendered his resignation, effective Jan. 18, to pursue other interests and that current Senior Vice President of Operations, Barry Cregan, will serve as interim president.  read more

Michigan casinos are booming

As other industries in the area languish, Detroit's three casinos are making more than they did last year, and more resorts are popping up all over the state.  read more

Wynn Las Vegas available for phone wagering

The race book took its first out-of-state bet in December, becoming the first in Nevada to accept wagers on horse racing from players in Kentucky, Maryland, Massachusetts, New Mexico, North Dakota, Ohio and Wyoming.  read more

MGM Mirage named on 'Forbes' list

Magazine tabs MGM as one of the "Best Managed Companies in America" as part of its annual Platinum 400 list of top-performing large corporations.  read more

Mount Airy numbers strong despite legal woes

As a grand jury investigates owner Louis DeNaples for perjury, the Pennsylvania casino continues to produce the state's highest payout.  read more

Israel to build its first casino

Tourism Minister Yitzhak Aharonovitch says the casino, which will be built on 12 acres of land on Eilat's northern shore, will be a harbinger of additional legal gambling institutes in Israel.  read more

Gambling zone planned for southern Russia

Russia’s Prime Minister, Viktor Zubkov, inks a ruling that will create a wagering format on 20.022 million square meters in the Scherbinovsky district of Krasnodar area and the Azov district of Rostov region.  read more

Sydney casino plans outdoor gambling

Star City Casino proposes a $3.9 million redevelopment for an outdoor facility in response to the New South Wales smoking ban that it says has cut revenue by 10% since July.  read more

SLOTS News

SLOTS

The Reel Life

Will Peter K be shopping for new wheels after hitting the Jackpotjoy slots for £125,000? And is there a luckier couple on the planet than online slot players Jayne and George C, who combined to win nearly £130,000?  read more

Neighboring states stifle Atlantic City slot revenue

Officials report a decline of almost 9% as a result of competition from slot parlors in Pennsylvania and New York.  read more

Pittsburgh slots casino due to open next year

Detroit businessman Don Barden's $450 million Majestic Star casino is expected to be ready for action on May 1, 2009.  read more

New opposition to Florida slot vote

An anti-gambling coalition has emerged in Miami-Dade County, uniting groups in a late-hour push to defeat the slot machine referendum.  read more

POKER News

POKER

Annie Duke representing UltimateBet at Aussie Millions tournament

Acclaimed female poker pro, who has 14 Top 10 WSOP finishes to her credit, is playing for the online poker room in the event that began down under on Monday.  read more

World Poker Tour launches ladies edition

The female-focused tour begins Jan. 20 at the Borgata Hotel Casino in Atlantic City and will conclude with a $1,500 Championship tournament at Bellagio in Las Vegas, allowing amateur, semi-pro and pro players to compete without having to pay a five-figure buy-in.  read more

Did You Know
Did You Know?
The average salary - including bonuses - for a Las Vegas pit boss is $86,510, according to salary.com.
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