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February 25, 2013

Latest From Our Strategy Experts

February 25, 2013

arrowJohn Robison: Treat tickets like cash

Treat tickets like cash
Slot expert John Robison shares a tough story from a reader that illustrates why it's extremely important to treat your slot tickets like cash, and immediately report any ticket you lose to the casino.  read more
 

Featured Story

Atlantic City can't catch a break

Revel declared bankruptcy last week. It's been open for less than a year. Hurricane Sandy hit Atlantic City in October and closed down the boardwalk for a bit. And Trump Plaza, which cost $210 million to build in 1984, was sold this month for $20 million -- a record low for Atlantic City. Can anything save the city? One analyst suggests online gaming is the answer.  read more
Atlantic City can't catch a break
 

CASINO News

CASINO

MGM Resorts chairman won't rule out selling Las Vegas properties

Jim Murren made it clear MGM Resorts was not cashing out of some markets as it looks to invest in emerging gaming jurisdictions, such as Maryland, Massachusetts and Toronto.  read more

Caesars begins hiring effort aimed at former military members

Representatives of the casino giant unveiled Enlisting Heroes last week, which is aimed at providing job opportunities for U.S. military veterans.  read more

Survey: Top gaming companies have distinctive Asian ties

A recent ranking of the top 20 gaming companies based on market capitalization had one distinctive flavor: The top 10 companies have either a direct investment or control of Asian gaming assets.  read more

Wynn Resorts shareholders oust Okada from board

The move came one day after Okada resigned from the board, ending one phase of a long-running legal battle with CEO Steve Wynn. Okada was the co-founder and onetime largest shareholder in Wynn Resorts.  read more

Gala Coral signs deal with Sheriff Gaming

The deal allows Gala Coral to become the first casino company to integrate Sheriff Gaming's 3D technology into its brick-and-mortar terminals.  read more

SLOTS News

SLOTS

IGT, shareholder group tout findings of independent firm in proxy fight

Analysts from Institutional Shareholder Services issued its report last week after reviewing proxy statements from both IGT and a group headed by investor Jason Ader and former IGT Chairman Charles Mathewson.  read more

WMS slot pays out record $7.2 million jackpot

A 73-year-old Michigander won a $7.2 million jackpot Friday on The Lord of The Rings progressive penny slot machine at the Palace Casino in Biloxi.  read more

The Reel Life: Blowout party edition

The Reel Life has had some pretty big wins on the online slots, and we've been known to celebrate those wins with some pretty epic parties. But we've never taken things quite as far as two brothers in Kansas who celebrated a $75,000 lottery win by blowing up their house.  read more

POKER News

POKER

Nevada passes online poker bill

The bill allows Nevada to work with other states to build player liquidity and sets initial license suitability standards.  read more

Former poker champ Ferguson settles with federal prosecutors

Chris Ferguson agreed to forfeit millions of dollars he earned as a founder and principal in Full Tilt Poker as part of a settlement agreement reached to end a civil suit filed against him by the Department of Justice.  read more

AGA chief expects federal poker bill to be revived

Frank Fahrenkopf expects Rep. Joe Barton, R-Texas, to reintroduce an Internet poker-only bill in the House.  read more

Poker world mourns friend Jerry Buss

Los Angeles Lakers owner Jerry Buss, who died Monday at 80, was an active poker player in Las Vegas, especially at the World Series of Poker, where he was a participant for decades.  read more

PokerStars to open Macau's largest branded poker room

"PokerStars Live at the City of Dreams" will offer cash games and daily tournaments at 13 permanent tables.  read more

Did You Know
Did You Know?
A bill to ban smoking in Iowa's commercial casinos has stalled in an Iowa Senate subcommittee, according to the Des Moines Register
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The Sopranos
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