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December 17, 2012

Latest From Our Strategy Experts

December 17, 2012

arrowJohn Grochowski: Combining bets can't reduce the house edge in craps

Combining bets can't reduce the house edge in craps
Players are always looking for ways to drive down the house edge. But as Grochowski explains, combining bets isn't the answer. There's just no way to "reduce the overall house edge below that of the best bet in the combination."  read more
 

Featured Story

Wolfgang Puck celebrates 20 years in Vegas

In 1992, Las Vegas was "the land of 99-cent shrimp cocktails, $2 steak dinners and the $9.99 all-you-can-eat buffet." Then Wolfgang Puck opened Spago Las Vegas in the Forum Shops at Caesars Palace and helped transform Sin City into a foodie paradise.  read more
Wolfgang Puck celebrates 20 years in Vegas
 

CASINO News

CASINO

Las Vegas to focus more on recovery than development in 2013

With the Las Vegas gaming market in recovery mode, only three big development projects are slated to take flight in 2013. And Caesars is responsible for two of them.  read more

Las Vegas considered a "risky" place to rent a car

A survey by Atlanta-based Protect Your Bubble rental car insurance revealed that rental car drivers feel most at risk in New York City, followed by Los Angeles, Boston, Las Vegas and San Francisco.  read more

Universal files criminal complaint against Wynn in Philippines

Universal is accusing Wynn of libel over allegations of improper payments. Wynn Resorts says the libel suit is "baseless."  read more

Nevada sports book faces fine for taking unauthorized bets

Leroy's Horse and Sports Place has admitted to taking unauthorized Kentucky Derby wagers and has agreed to pay a $25,815 fine. The settlement must be approved by the Nevada Gaming Control Board.  read more

Caesars taps general manager for High Roller observation wheel

Eric Eberhart gets the nod to lead the observation wheel project. The observation wheel is the centerpiece of Caesars' $550 million Linq development.  read more

Analyst gives MGM edge over Penn National in Massachusetts

MGM Resorts is planning an $800 million casino in Springfield's south side. Penn National wants to build an $807 million casino in the city's north end.  read more

Wynn Resorts plans to remove Okada from company board

In an SEC filing last week, Wynn Resorts said it plans on holding to a special meeting to kick Okada off of the company's board. Two-thirds of Wynn Resorts' shareholders need to approve the move.  read more

Atlantic City in for economic storm

Gaming expert Howard Stutz looks at the economic problems facing Atlantic City and wonders if it can survive.  read more

Penn National Gaming submits application fees in Massachusetts

Penn National Gaming has transmitted non-refundable application fees of $250,000 to the City of Springfield and $400,000 to the Commonwealth of Massachusetts in its bid to acquire a Massachusetts gaming license.  read more

SLOTS News

SLOTS

Paddy Power to purchase IGT mobile games

The popular online casino is buying several games, including Da Vinci Diamonds, Cleopatra, Cats, Wolf Run, Kitty Glitter and Elvis A Little More Action.  read more

November slot revenue at Foxwoods declines

The casino's handle for November was $521 million, a decline of 8.4 percent from last November.  read more

The Reel Life: Time for an editor edition

The Reel Life is happy to have an amazing copy editor who has saved us from plenty of embarrassing typos. The News Tribune in Tacoma, Wash., might be looking for a new one after an ad for a forum on Public Charter Schools left the "l" out of "Public."  read more

POKER News

POKER

Reid: Internet poker bill effort dead

The Senate majority leader pulled the plug Friday on federal efforts to regulate online poker, saying that "it will be a priority for us in the new Congress."  read more

Casino City Gang: Does money solve everything?

Vin Narayanan and Aaron Todd discuss PokerStars' bid to buy a casino in Atlantic City, Massachusetts looking to regulate online gaming through the lottery and whether point spreads change the way they watch sports.  read more

Did You Know
Did You Know?
Starting Dec. 27, Maryland Live! Casino will be open 24 hours a day, 7 days a week.
Featured Game
Ghosts of Christmas
Now that we're halfway through December and we're fully immersed in the trappings of the holidays, you might be feeling a little bit like Ebenezer Scrooge. If you're looking to blow off a little holiday cheer, head to Casino Tropez and give their Dickensian-inspired game "Ghosts of Christmas" a spin.

> More Ghosts of Christmas Details
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