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December 10, 2012

Latest From Our Strategy Experts

December 10, 2012

arrowAl Krigman: Tracking the blackjack odds through a shoe

Tracking the blackjack odds through a shoe
Al Krigman explains why and how the house edge shifts in blackjack as a shoe is dealt. And he shows his work on the math, making it easy to understand.  read more
 

Featured Story

PokerStars' potential bid for Atlantic City casino raises questions

Last week's Wall Street Journal report that PokerStars is trying to buy the Atlantic Club Hotel-Casino, which sits on the famed Boardwalk in Atlantic City, for less than $50 million raises several questions -- like whether PokerStars will be approved by New Jersey's tough regulators with a $731 million settlement with the DOJ on its record.  read more
PokerStars' potential bid for Atlantic City casino raises questions
 

CASINO News

CASINO

Zynga seeks suitability from Nevada regulators

Zynga, which makes Words with Friends, FarmVille and Mafia Wars, has been hinting at finding a way to jump into the potential U.S. regulated online gaming industry. The company operates the free-play Zynga Poker.  read more

MGM vs. Penn National is the main event in Springfield, Mass.

Yes, there are five proposals still in the running for the lone casino license in Western Massachusetts. But all eyes are on the battle in Springfield, where MGM and Penn National are squaring off again.  read more

Caesars Entertainment seeks to raise $300 million in new debt

Caesars Entertainment announced Wednesday it plans to issue $300 million in new debt at a 9 percent rate that would mature in 2020.  read more

Co-CEO of bwin.party announces retirement

Jim Ryan said in a statement he would leave the world's largest online poker company Jan. 15. bwin.party is the chief online poker supplier for MGM Resorts International and Boyd Gaming.  read more

Bill Hornbuckle tapped as president of MGM Resorts

Hornbuckle, 54, will continue to serve as the chief marketing officer of MGM Resorts, a position he has held since 2009.  read more

Aria President, COO Bill McBeath resigns

MGM Resorts, which owns 50 percent of CityCenter and operates the Strip development, announced McBeath's resignation last week.  read more

Party on: Concert venues also have New Year's Eve in focus

One factor that could add to the New Year's payday this year is that Dec. 31 falls on a Monday, which has some nightlife operators programming the entire weekend with New Year's-caliber entertainment.  read more

Macau gaming revenues grow 8 percent in November

Wells Fargo Securities gaming analyst Cameron McKnight said economic data from China last week indicates the region's economy may have stabilized.  read more

POKER News

POKER

Casino City Gang: Tournament structure edition

Casino City's Vin Narayanan and Aaron Todd discuss whether poker tournament structures should be more amateur friendly, New Jersey possibly passing an online gaming bill and how Hollywood treats poker scenes.  read more

Interest groups clash over online poker

Interest groups have heightened their lobbying efforts as the 112th Congress closes in on adjournment at the end of the year. Proponents hope -- and opponents worry -- that Senate Majority Leader Harry Reid (D-Nev.) will attach a bill that licenses online poker to must-pass legislation during the lame-duck session.  read more

American Gaming Association lobbies for Web poker legislation

The AGA launched a lobbying and educational effort urging Congress to pass a federal online poker bill by the end of the session in an effort to block gaming's rapid expansion on a state-by-state basis.  read more

Nevada Gaming Control Board approves Caesars for online poker

The Gaming Control Board tentatively approved Caesars Interactive Entertainment to operate online poker in Nevada.  read more

SLOTS News

SLOTS

Pennsylvania slot revenue remains steady

The Pennsylvania Gaming Control Board reports that total revenue generated through slot machine play at Pennsylvania casinos during November rose less than one percent compared to the amount generated a year ago.  read more

Table Mountain Casino player wins $1.24 million

The lucky win came on the Wheel of Fortune slot machine.  read more

The Reel Life: Octogenarian Gangnam Style

The Reel Life rarely delves into politics, but former U.S. Senator Alan Simpson did something this week that's too good to pass up. How often do you get a chance to see an 81-year-old former Senator dancing to "Gangnam Style"?  read more

Did You Know
Did You Know?
Atlantic City casino revenue dropped 28 percent in November (compared to November, 2011). The decline is mostly attributed to the effects of Hurricane Sandy.
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