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December 15, 2008

Latest From Our Strategy Experts

December 15, 2008

arrowAlan Krigman: Is experience the best teacher in the casino?

Is experience the best teacher in the casino?
Krigman points out that while in most walks of life you can learn from past history, that isn't always the case when it comes to casino gambling, thanks to the vast uncertainties of the games.  read more
 

Featured Story

Ruffin set to buy Treasure Island

Phil Ruffin, who sold the New Frontier in 2007 for more than $1.24 billion to the Elad Group, is buying TI from MGM Mirage for $775 million. The transaction, which is taking place amidst a global credit crunch, has surprised the gambling industry, which has seen most development project shelved for the forseeable future.  read more
Ruffin set to buy Treasure Island
 

CASINO News

CASINO

Famous Las Vegas sign now safer for tourists

Clark County opened a parking lot adjacent to the sign last week so tourists could safely take their pictures with the famous icon.  read more

Nevada gaming revenue takes huge fall

Recession hammers casinos as gaming revenue drops 22.3 percent.  read more

Station, Harrah's to bondholders: Help us refinance

With no sign of an economic recovery on the horizon, Station Casinos and Harrah's Entertainment are bargaining with lenders to help resolve their cash flow problems.  read more

Got $300K? Your private gambling room is ready

Nevada regulators have changed some house rules with the goal of boosting lackluster business in private gambling rooms for high-rollers.  read more

Las Vegas Sands to lay off more than 200

The casino giant, which pink slipped around 50 employees last month, said last week it plans to lay off another 216 workers from its Venetian and Palazzo resorts.  read more

SLOTS News

SLOTS

Cambodia imposes limited slot machine ban

The Cambodian government has banned slots at entertainment clubs but will allow them in many of the country's hotels.  read more

Gambling proponents push for slots in New Hampshire

A group of gambling interests says video slot machines at Rockingham Park could bring in $200 million a year to the state treasury.  read more

The Reel Life

With corruption being a hot topic in U.S. politics, the Reel Life is thankful slot machines can't be bribed.  read more

POKER News

POKER

LAPT event to be continued on PokerStars

The Mexico event was cancelled "due to an indefinite suspension" served to one of the LAPT's local partners. PokerStars.net announced the remaining 89 players will continue the tournament online.  read more

PPA buys ads in Capitol Hill newspapers

The Poker Players Alliance placed full-page ads in Roll Call, The Politico and The Hill that urged Congress to regulate online poker.  read more

Belfast native wins Ladbrokes Poker Million

Boylepoker pro Marty Smyth won $1 million after reaching the final table for the third time in three years.  read more

Florida greyhound track denied poker

The Escambia County Commissioners voted 3-2 last week to defeat a measure that would have allowed poker at the Pensacola Greyhound Track.  read more

21-year-old wins Winter Bayou Poker Challenge

Justin "Lockdown Tex" Allen outlasted a field of 103 to take home a first-place prize of over $158,000.  read more

Did You Know
Did You Know?
The average room rate in Las Vegas for the upcoming New Year's Eve holiday is just $341, a 27% drop from 2007 when the average was $466.
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