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February 21, 2011

Latest From Our Strategy Experts

February 21, 2011

arrowAl Krigman: The house edge always catches up over time

The house edge always catches up over time
Even if you set and stick to modest winning goals and loss limits, beating the casino is tough, because the house edge always catches up over time.  read more
 

Featured Story

Adelson wants to build 'mini Las Vegas' in Spain

The Las Vegas Sands chairman say he is looking into a $20 billion project to bring a smaller version of the Las Vegas Strip to either Madrid or Barcelona. The project would create 180,000 jobs, 20,000 hotel rooms, and meeting, convention and retail space.  read more
Adelson wants to build 'mini Las Vegas' in Spain
 

CASINO News

CASINO

Heard it on the River: Horseshoe Casino hosting $7 million blackjack lottery

Columnist Rudi Schiffer is searching for his Total Rewards Card after delving into a remarkable promotion from the Horseshoe Casino in Tunica.  read more

Landry's buys Trump Marina Hotel Casino

The parent company of the Golden Nugget Las Vegas bought the property for $38 million and is expected to rebrand it as a Golden Nugget casino.  read more

Penn National ramping up M Resort marketing efforts

Penn has begun marketing the M Resort to its "highest value players" and says "the response has been encouraging."  read more

Nevada company awarded Louisiana gaming license

Creative Casinos, headed by former Pinnacle Entertainment CEO Dan Lee, picked up Louisiana's final gaming license and will use it to build a $400 million gaming resort in Lake Charles.  read more

CityCenter condos bring in $490 million

Through December, the MGM has sold 436 of its 2,400 units in Vdara, Veer and Mandarin. Sales activities slowed in the fourth quarter and analysts aren't expecting much of an upswing in 2011.  read more

iMEGA releases study on N.J. online gambling

A study from iMEGA suggests online gambling could generate $472 million in tax revenue and bring 57,000 jobs to the state.  read more

Kirk Kerkorian donates $200 million to UCLA

The financier who founded MGM is transferring his charitable foundation to UCLA, and its assets will be used to create the Dream Fund, which will be managed by the UCLA Foundation.  read more

SLOTS News

SLOTS

Maryland slots casino surpasses $3 million mark

The Casino at Ocean Downs had $3.03 in revenue in January, according to a newspaper report.  read more

The Reel Life talks sports

The Reel Life is a big sports fan, but we rarely write about our passion. That changes this week with a football player's interesting public intoxication arrest.  read more

POKER News

POKER

Casino City Gang -- Beat those computers

The Gang takes a closer look at Watson, and ponders what it would take for a computer to win a full cash poker game. They also take a look at MGM Grand Hotel fees, Peter Eastgate's return to poker and make their best bets.  read more

Pro poker league announces schedule

Federated Sports + Gaming's professional poker league will kick off in August with the first of four events, and the league's championship event is set for late January, 2012.  read more

PokerStars releases LAPT Chile Poker Championship schedule

The event is scheduled to take place from March 17-20 at the Casino Vina del Mar. It is expected to be the biggest poker tournament held in the country.  read more

Did You Know
Did You Know?
Three hotel-casinos in Macau earned more than half of the Las Vegas Sands' $2.02 billion of fourth-quarter revenue, according to the GamingWire.
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