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November 25, 2013

Latest From Our Strategy Experts

November 25, 2013

arrowJohn Grochowski: Deuces wild and royal flushes

Deuces wild and royal flushes
Gaming expert John Grochowski explains the difference between full-pay Deuces Wild and the version commonly found in casinos today. Plus, he helps a reader calculate the odds of a royal flush in Caribbean Stud.  read more
 

Featured Story

Online gambling in New Jersey goes live Tuesday

New Jersey will become the third state, following Nevada and Delaware, to venture into Internet gaming. Atlantic City's brick-and-mortar casinos will operate the websites and have partnered with current online gambling operators or technology companies.  read more
Online gambling in New Jersey goes live Tuesday
 

CASINO News

CASINO

Casino City Gang: Politics, poker and football

The Gang discusses Las Vegas Sands CEO Sheldon Adelson's bid to ban online gaming, a Nevada man winning $109,290 in William Hill's Pro Football Progressive jackpot and which presidents we'd invite to a home poker game.  read more

Wynn's casino deal in Massachusetts under investigation

Wynn Resorts is being investigated by a federal grand jury and two state agencies over whether a felon has hidden ownership in its proposed casino site.  read more

Federal panel raises deep concerns about gaming in Macau

The U.S.-China Economic Security Review Commission said weak financial controls in Macau could lead to money laundering and financing of terrorists.  read more

Christie to take N.J. sports betting fight to U.S. Supreme Court

New Jersey Gov. Chris Christie will ask the Supreme Court to allow the state to move forward with allowing betting on sports after a federal appeals court last week declined to rehear the case.  read more

MGM Resorts employees overwhelmingly approve contract

The contract will cover roughly 21,000 non-gaming workers at 10 Strip properties owned by MGM.  read more

Wynn executive seeks to increase ranks of women in gaming

Debra Nutton, executive vice president of casino operations at Wynn Resorts, urges women in the industry to begin networking and socializing with each other.  read more

Table games called vital key in casinos' future

As online gaming continues its expansion, table games will become even more important to the financial health of a casino floor, one industry observer said.  read more

CityCenter's Harmon hotel awaits wrecking crew

The demolition has been put on hold until at least Dec. 6, when a judge will determine how much time insurance carrier FM Global needs to determine how much of CityCenter's $393.8 million claim it will pay.  read more

Adelson faces steep odds in campaign to ban online gambling

U.S. gamblers spent $3 billion in 2012 in wagering online with "rogue offshore operators," according to the American Gaming Association.  read more

Hacienda to remodel, become Hoover Dam Lodge

The Hacienda will close Dec. 23 and will re-open Dec. 28 with 150 slot machines and a new casino management and player rewards system.  read more

SLOTS News

SLOTS

Slot jackpots could soon cross state lines

The Nevada Gaming Commission unanimously approved regulation changes that allow slot machine manufacturers to increase their prize pools by linking slot machine jackpots across state lines.  read more

Regulators approve Bally's $1.3 billion buyout of SHFL

Bally CEO Ramesh Srinivasan said the buyout was 11 times SHFL's cash flow over the past 12 months.  read more

Scientific Games replaces CEO after $1.5 billion WMS purchase

Several analysts were surprised at the timing of the exit of outgoing chairman A. Lorne Weil, who has been with Scientific Games since 1991.  read more

IGT director elected in proxy fight resigns after eight months

The slot machine manufacturer reduced its board's size from 10 to nine members after Daniel Silvers resigned.  read more

The Reel Life: Expensive milkshake edition

A Hollywood, Calif. cocktail bar will celebrate its opening by selling a $500 milkshake, complete with edible gold and a blue crystal ring.  read more

POKER News

POKER

Tweets of the Week: Sheldon Adelson is evil

Andy Bloch made the perfect analogy for Sheldon Adelson's anti-online gambling stance, comparing him to a bar owner who wants to ban drinking at home.  read more

Did You Know
Did You Know?
Milford, Mass. voters emphatically rejected a $1 billion Foxwoods-backed gambling resort last week by nearly a 2-1 margin.
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