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February 18, 2013

Latest From Our Strategy Experts

February 18, 2013

arrowFrank Scoblete: Dealer signatures in roulette: Yes or no?

Dealer signatures in roulette: Yes or no?
Scoblete says that roulette dealers often get in a rhythm, picking up the ball and spinning it the same way every time, and as a result, players might expect that the ball will land approximately the same distance from where the dealer picked up the ball. But are they correct to have that expectation? Scoblete believes it's possible, though he expresses strong reservations.  read more
 

Featured Story

Link not disclosed in IGT deal to acquire BringIt

IGT did not disclose the $10 million purchase of San Francisco-based social gaming company BringIt when the deal was completed in February 2012. IGT also did not disclose the relationship between IGT CEO Patti Hart and the investment bank, Pagemill Partners of Palo Alto, Calif. Hart's husband, Milledge Hart, is one of nine managing directors at the firm.  read more
Link not disclosed in IGT deal to acquire BringIt
 

CASINO News

CASINO

Nevada Internet gaming bill introduced

Gov. Brian Sandoval said it is "critical" that Nevada pass its own online gaming bill, especially with New Jersey considering reworking its proposed online gaming bill.  read more

MGM Resorts seeks return to Atlantic City gaming market

The Las Vegas casino giant petitioned the New Jersey Casino Control Commission on Monday to reinstate the company's gaming license in Atlantic City.  read more

Professor was valued, respected in gaming industry

Bill Eadington an economics professor at the University of Nevada, Reno, died Monday at his Lake Tahoe-area home following an 18-month bout with cancer.  read more

Trump Plaza Hotel and Casino sold for $20 million

The Atlantic City casino has been sold to a California company for $20 million.  read more

Downtown Grand marks latest step in its redevelopment

Zachary Conine cheered the latest step in the two-year redevelopment of the Downtown Grand, formerly the Lady Luck.  read more

Field trial of in-room gaming at Borgata approved

Hotel guests can purchase gaming credits, play a 9-line multi-denominational slot game and four standard variations of video poker.  read more

Maryland table games could arrive by March

A referendum to approve table games was held last November.  read more

Pinnacle suffers fourth-quarter net loss

Net loss was $42.4 million, or 72 cents per share, compared with a profit of $25 million, or 40 cents per share, a year earlier.  read more

Infinity World chief joining MGM Resorts company board

William Grounds, director and president of Infinity World Development Corp., will join the MGM Resorts board.  read more

Panel to discuss Florida's gaming public policy

A panel of prominent experts will discuss the best course for Florida at the 8th Florida Gaming Congress, to be held February 25-26, 2013.  read more

MGM Resorts wants Toronto to bet on its complex

One observer speculated Toronto has "no better than" a 50-50 chance of approving a casino.  read more

Full House Resorts leaves NYSE for Nasdaq listing

In a filing with the Securities and Exchange Commission, Full House didn't give a reason for the change.  read more

Largest Affinity Gaming shareholder wants to buy all shares

Illinois-based Z Capital Partners, which owns 30.5 percent of the company, offered $14 a share for the remaining stock.  read more

Mashpee tribe closer to building Massachusetts casino

The Interior Department has found that the Mashpee lands in Taunton qualify as an initial reservation.  read more

POKER News

POKER

World Series of Poker releases 2013 schedule

The world's biggest, richest, longest-running and most prestigious poker series will run May 29 - July 15, 2013 at the Rio All-Suite Hotel & Casino in Las Vegas.  read more

WSOP ensures ladies-only event includes only ladies

In recent years, several men have entered the event citing gender equality, since women are allowed to enter every other World Series of Poker event.  read more

Casino City Gang: Valentine's Day love edition

Casino City's Vin Narayanan and Aaron Todd examine open faced Chinese poker and how Ongame is planning to revolutionize online poker bonuses.  read more

SLOTS News

SLOTS

The Reel Life: Neck tie suspension edition

The Reel Life doesn't believe in school uniforms. So we think a 13-year-old's decision to wear a real necktie instead of the cheesy school-issued clip-on should be applauded. But the school apparently thinks it's an offense worthy of suspension.  read more

Another winning weekend of jackpots at Table Mountain Casino

The weekend started with a lucky Fresno player who rode the Magic Carpet on his favorite I Dream of Jeannie nickel machine and won over $146,000.  read more

Red Hawk Casino pays out $55,000 slot jackpot

Mark, from Wilton, Calif., was visiting the casino and decided to play some slots before having dinner.  read more

Foxwoods reports January slot revenue

Slot revenue at Foxwoods Resort Casino for January 2013 was $40.7 million, 12.1 percent lower than the same month a year ago.  read more

Did You Know
Did You Know?
Maker's Mark has decided not to water down its flagship bourbon from 46 percent alcohol by volume (ABV) to 43 percent. Originally floated as way to meet worldwide demand and circumvent supply problems, company officials opted to reverse the decision in the face of public outrage.
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