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February 4, 2013

Latest From Our Strategy Experts

February 4, 2013

arrowAlan Krigman: How much more can casino gamblers bet than they bring?

How much more can casino gamblers bet than they bring?
Gaming math expert Alan Krigman explains how house edge and volatility impact how much a gambler can expect to bet on a given bankroll, and how those factors impact that gambler's "risk of ruin."  read more
 

Featured Story

IGT's plan for meeting curious

International Game Technology is trying to dissuade stockholders from attending the company's annual meeting next month in Las Vegas.  read more
IGT's plan for meeting curious
 

CASINO News

CASINO

Wynn Resorts reports three positive developments for shareholders

Wynn Resorts had good news for shareholders on its attempts to combat an "ongoing smear campaign against Wynn Resorts" by Kazuo Okada.  read more

Macau gaming revenue rises 7.3 percent, short of forecasts

Macau casinos in January grew gaming revenues 7.3 percent, falling well short of Wall Street predictions that the Chinese gaming market would mirror December's single-month revenue record of $3.54 billion.  read more

Gaming stock index rises in January

Two planned buyouts helped fuel average daily stock price increases for publicly traded casino operators and gaming equipment manufacturers during January.  read more

MGM Resorts partners with developer on Toronto casino

MGM Resorts Chairman Jim Murren said the 50/50 joint venture with The Cadillac Fairview Corporation gives the Las Vegas-based casino giant a partner with extensive Canadian development experience.  read more

Caesars diversity executive to chair key committee

Tony Gladney, vice president of national diversity relations for Caesars Entertainment Corp., was named chairman of the Washington, D.C.-based Hispanic Chamber's Senior Executive Corporate Advisory Board.  read more

Las Vegas Sands revenues top $11 billion in 2012

The casino operator said its net income was $434.8 million in the quarter, a 35.8 percent increase from $320.1 million in the same quarter a year ago.  read more

Scientific Games to acquire WMS

Scientific Games has agreed to acquire WMS for approximately $1.5 billion in a blockbuster deal.  read more

Let Cupid guide you to Fantasy Springs February 14th

Three of the resort’s seven restaurants will offer dining specials on Valentine's Day, Thursday, Feb. 14.  read more

Caesars Entertainment: Take your Valentine to Atlantic City

Hotel packages, spa treatments, fine dining and more provide the perfect romantic retreat at Caesars, Harrah’s Resort, Bally’s, Showboat and the Atlantic City Country Club.  read more

SLOTS News

SLOTS

The Reel Life: Prison beer break edition

It takes a big set of brass ones to try to break of out jail, but it takes an ever bigger set to go straight to a bar and order a beer after you do it.  read more

IGT shareholder group issues "fight letter"

In a letter to shareholders filed Monday with the SEC, a group headed by former IGT Chairman Charles Mathewson and analyst-turned-investor Jason Ader said the company's price per share has fallen in the past three years because of poor management decisions.  read more

IGT supplies 1,375 VLTs to Saskatchewan

IGT has signed an agreement to supply 1,375 video lottery terminals for the province of Saskatchewan.  read more

POKER News

POKER

Card Player Poker Tour announces partnership with Wynn Poker

The Wynn Classic Main Event will feature an estimated prize pool of over $1 million.  read more

Irish Poker Open registration fee lowered for online registrants

Paddy Power Poker is knocking €50 off the main event registration fee, and all events are now available online for Paddy Points.  read more

Did You Know
Did You Know?
Last week, the New Jersey Assembly approved a bill that would allow some casinos to operate beach bars.
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