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March 23, 2009

Latest From Our Strategy Experts

March 23, 2009

arrowAlan Krigman: How to size up your bankroll

How to size up your bankroll
Krigman explains that there are a number of different factors that impact the average player's bankroll during a gaming session, including the average bet size, the house edge and the volatility of the games.  read more
 

Featured Story

Cheap rooms are giving Las Vegas casino companies heartburn

When economic conditions are bad, casinos historically have slashed hotel room prices to get customers in the door. But now even doing that requires some serious thought. Because as resorts cut rates to levels not seen in more than a decade, companies are seeing their bottom line get dragged down by the bargain prices.  read more
Cheap rooms are giving Las Vegas casino companies heartburn
 

CASINO News

CASINO

Betting on the fly premiers at M Resort

The new M Resort in Las Vegas became the first sportsbook to unveil 'in-running' betting, which allows bettors to wager on the action as it happens.  read more

Wynns' breakup won't break up company

Steve and Elaine Wynn are getting divorced (again), but the pair's second breakup is not expected to affect Wynn Resorts business operations.  read more

Herbst Gaming files for Chapter 11

The plan will result in the company losing ownership of its 15 casinos, but retaining control of its Nevada slot machine route.  read more

Harrah's expects annual savings of $500 million

Cost-cutting measures and debt-refinancing programs may help the company work its way through the recession gripping the gaming industry.  read more

Treasure Island sale gets final OK

New owner Phil Ruffin took over the Las Vegas Strip resort last week after paying $600 million up front in cash.  read more

Progressive Gaming files to liquidate

Progressive Gaming sold most of its assets to International Game Technology in January and has formally filed for bankruptcy liquidation.  read more

Ohio Racing Commission recommends video slots

The state's racing commission sent lawmakers a proposal last week to allow 14,000 video slot machines at the seven racetracks across the state.  read more

MGM Mirage will need aid

A gaming analyst said the gaming giant will need the help of a bankruptcy court since 60 days is not enough time for it to restructure.  read more

SLOTS News

SLOTS

Vegas visitor turns $30 into $1.5 million

A Wisconsin man who was in town for a convention won over $1.5 million playing the Wheel of Fortune dollar MegaJackpot at Planet Hollywood Resort and Casino.  read more

The Reel Life

The Reel Life believes in miracles, like winning £4,500 at Jackpotjoy. We also believe in not screwing up miracles. If only a California man had the same beliefs.  read more

POKER News

POKER

Dream Team Poker announces Caesars lineup

More than 100 teams and 300 players are expected to play in the $500 + $50 per-player Dream Team Poker tournament at Caesars Palace from March 27-29.  read more

PokerStars opens live room in Macau

The new "PokerStars Macau at the Grand Lisboa" live poker room opened last week at the Grand Lisboa Casino and is the largest poker room in Asia.  read more

Nearly 200 seniors compete in WSOP event

The WSOP Circuit in San Diego was the first major tournament series to place seniors' competitions on the schedule.  read more

Norwegian becomes first Scandinavian LAPT champ

20-year-old Karl Hevroy won $283,500 after besting 327 players from across the world at the LAPT event in Uruguay last week.  read more

Did You Know
Did You Know?
Revenues from the gaming industry -- including state lotteries -- have nearly doubled in the last decade after generating $93.8 billion in 2008, according to the American Gaming Association.
Featured Game
Money Shot
It's March Madness time, when brackets are busted, Cinderellas are crowned and Jim Nantz waxes poetic. If you want to kill some time between games, head to Golden Casino and give the "Money Shot" slot a spin.

> More Money Shot Details
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