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May 13, 2013

Latest From Our Strategy Experts

May 13, 2013

arrowFrank Scoblete: Watch out for those pesky June bugs

Watch out for those pesky June bugs
Gaming expert Frank Scoblete takes on the role of exterminator and looks at the types of "bugs" he'd like to get rid of while he's playing table games at the casino.  read more
 

Featured Story

Casino City Gang: Philly Cheesesteak edition

Vin Narayanan and Aaron Todd discuss Aaron's trip to Parx Casino and the WSOP Circuit event at Harrah's Philadelphia, PokerStars going to court to buy an Atlantic City casino, Google Glass being banned by a casino and preparations for the U.S. Open.  read more
Casino City Gang: Philly Cheesesteak edition
 

CASINO News

CASINO

Atlantic Club awaits its future

The once chummy relationship between the Atlantic Club and its would-be buyer, PokerStars, has turned into a heads-up game of no-limit hold'em with Atlantic Club terminating the purchase and PokerStars suing to complete the purchase.  read more

Commercial casino gaming revenues total $37.34 billion in 2012

Of the 22 states that had casinos in 2011, 15 reported revenue increases in 2012. Ohio, which opened three commercial casinos and a racetrack casino in 2012, produced $429.83 million in gaming revenues.  read more

Gaming revenue climbs 7 percent in Nevada, 13 percent on Strip

Casinos statewide collected $914.8 million from customers during March, an increase of 7.04 percent compared to March of 2012.  read more

California player wins Mercedes

A player from Irvine took home a Mercedes-Benz C250 as part of a promotion where Pala gives away a new car each week.  read more

Gladys Knight and The O'Jays headline Pala's summer lineup

Comedian Gabriel Iglesias and the Chippendales dance troupe will also perform at the Southern California casino.  read more

SLOTS News

SLOTS

Quarterly results offer IGT chief vindication

IGT increased profits 26 percent to $78.2 million and revenues by more than 11 percent to $600 million during the second quarter, exceeding analysts' predictions.  read more

WMS shareholders approve buyout by Scientific Games

More than 99 percent of votes cast at the meeting Friday were in favor of the buyout, in which WMS shareholders will receive $26 per share.  read more

WMS profits decline in third quarter

The slot maker reported a third-quarter net income of $7.5 million. WMS reported a net income of $22.1 million in the same quarter a year ago.  read more

Wynn Las Vegas player scores big win on Wheel of Fortune

The player won a $1.19 million jackpot on the Wheel of Fortune Double Diamond video slot machine.  read more

California man wins more than $600,000 at Table Mountain

The player, who was just hoping to win enough money to put new tires on his car, hit the progressive for $605,385.57 while playing Wheel of Fortune.  read more

The Reel Life: New meaning to two-a-days

The Reel Life loves the NFL, so we were disappointed to hear former NFL receiver Titus Young has managed to bring new meaning to "two-a-days."  read more

POKER News

POKER

Las Vegas man wins Ulitmate Poker's first Sunday tournament

Daniel Healey topped a 200-player field to win Ultimate Poker's first $10,000 Sunday Tournament. Healey collected a first-place prize of $4,173.  read more

Ivey sues London casino over nonpayment of winnings

Last summer, Phil Ivey played Punto Banco for seven hours over a two-night period at Crockfords, winning the equivalent of almost $12 million.  read more

Lee to celebrate sixth anniversary of radio show

The show airs from 7 to 8 p.m. on Tuesdays in Massachusetts. It is broadcast on 1120AM (Boston), 970AM (Worcester) and 1390AM (Cape Cod) on the Money Matters Radio Network.  read more

Did You Know
Did You Know?
April showers are being blamed for a decline in revenue at five casinos in the northwestern part of Indiana. -- Chicago Sun-Times
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Wish Upon a Jackpot
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