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October 29, 2012

Latest From Our Strategy Experts

October 29, 2012

arrowFrank Scoblete: The 10 common player "Mythtakes" of table games

The 10 common player "Mythtakes" of table games
Scoblete busts the 10 most common myths players believe when it comes to table games at the casino. First on the list? No, the dealer doesn't always have a face card hidden in blackjack.  read more
 

Featured Story

Merson seizes chip lead at WSOP Main Event final table

Greg Merson, Jesse Sylvia and Jake Balsiger are the last three players standing at the World Series of Poker Main Event, and they will play for $8.53 million Tuesday. Merson, who began final table play Monday with 28.725 million in chips, finished the day as chip leader with 88.35 million.  read more
Merson seizes chip lead at WSOP Main Event final table
 

CASINO News

CASINO

Nevada, N.Y. officials investigating Cantor

Investigators in Nevada have been working with the New York City Police Department's Organized Crime Investigation Division for the past 15 months to unravel a "large-scale bookmaking operation."  read more

Cantor Gaming's sports book director released on bail

Michael Colbert, vice president and sports book director for Cantor Gaming, was released on $50,000 bail from the Clark County Detention Center.  read more

Jackie Gaughan, now 92, offers link to days of old Vegas

Gaughan once controlled 25 percent of the downtown Las Vegas gaming market.  read more

Hilton Worldwide, Tropicana Las Vegas sign franchise deal

The hotel company said Friday it had reached a franchise deal linking Tropicana Las Vegas to its DoubleTree by Hilton brand beginning in January.  read more

Fitch has "circumspect view" of Bill's Gamblin' Hall remodel plan

Caesars, which owns 10 casinos on or near the Strip, plans to remodel the 198 hotel rooms and the 17,200-square-foot casino at Bill's.  read more

Revenues increase 21 percent at Bally Technologies

Total first-quarter revenue for Bally was $235 million, compared with $195 million last year, and the company announced at $150 million share repurchase plan.  read more

A.G. Burnett promoted to chairman of Gaming Control Board

Gaming Control Board member A.G. Burnett was promoted to chairman of the panel Wednesday by Gov. Brian Sandoval.  read more

Pinnacle grows third-quarter revenues despite hurricane

Pinnacle lowered its third-quarter net loss to $358,000, compared with $790,000 in the same quarter a year ago.  read more

Wynn Resorts third-quarter profit declines; revenue flat

Wynn Resorts' net income for the third quarter was $112 million, or $1.11 per share, down from $127.1 million ($1.01 per share) for the same period last year.  read more

Machine makers wonder if G2E buzz will yield buying

Deutsche Bank gaming analyst Carlo Santarelli told investors that the trade show floor had an overall lineup of new content that was stronger than a year ago and has the potential to arrive in casinos on a much quicker time frame.  read more

SJM Holdings gets approval for Macau casino

SJM Holdings said its subsidiary, SJM, had accepted the draft land concession contract with the Macau government for "70,468 square meters" of land in the Cotai area in Macau.  read more

MGM gets approval to build Cotai hotel

The company paid $56 million for the land, and government officials will arrange for publication of the land concession contract in the Official Gazette of Macau.  read more

Terry Johnson tapped for Gaming Control Board

Johnson, the director of the Nevada Department of Business and Industry, replaces Mark Lipparelli, who resigned as chairman of the three-member panel at the end of September.  read more

SLOTS News

SLOTS

$409,722 Progressive Jackpot won at Four Winds New Buffalo on a penny slot machine

Anita S. won a $409,722 jackpot playing the QuarterMillion$ Instant Fortune penny slot.  read more

The Reel Life: "Who's suing who?" edition

The Reel Life loves nothing more than hearing a story about a senior citizen holding their own when someone tries to take advantage of them. But we've never seen anyone with the gall to sue the senior who did nothing other than defend himself.  read more

POKER News

POKER

Sandoval backs Web poker bill

Nevada Gov. Brian Sandoval split with the National Governors Association to support a proposed Internet poker bill, saying the revenue gained would fund schools and social programs.  read more

Casino City Gang: Live from Foxwoods edition

Casino City's Vin Narayanan and Aaron Todd host this week's show from Foxwoods, where they preview the WSOP Main Event final table, discuss the Foxwoods World Poker Finals and examine Zynga's decision to partner with bwin.party to offer real-money gaming in the U.K.  read more

Online gaming company keeps it clean, cashes in

Chris Derossi has kept his Oakland, Calif.-based online poker software development company out of any predicaments that could jeopardize its future.  read more

Did You Know
Did You Know?
If Jake Balsiger wins the WSOP Main Event Tuesday, he will be the tournament's youngest champion at the age of 21 years and 281 days.
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