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May 16, 2011

Latest From Our Strategy Experts

May 16, 2011

arrowAlan Krigman: Would you pay $0.25 per round up-front to play $2 blackjack?

Would you pay $0.25 per round up-front to play $2 blackjack?
Krigman explains why Resorts Casino in Atlantic City's $0.25 fee on blackjack wagers of $2 turns the odds for the game from about 1 percent house edge to one with a 13.5 percent edge.  read more
 

Featured Story

Sahara offers last goodbyes after nearly 60 years

The Sahara's final guest checks out at around noon on Monday. The nearly 60-year-old Strip resort will cease operations two hours later, a victim of both the recession and of progress.  read more
Sahara offers last goodbyes after nearly 60 years
 

CASINO News

CASINO

Sahara employees to receive severance pay

Monday's closing of the Sahara will put almost 400 employees out of work. SBE Entertainment is providing Sahara workers with severance pay based on years of service.  read more

Closure doesn't sadden Sahara's former owner

Paul Lowden reminisces about his time running the iconic Vegas strip casino, and plans one last dinner at its famous House of Lords steakhouse.  read more

Motions fly in Station Casinos bankruptcy

Attorneys for Green Valley Ranch Gaming said creditors who are challenging the $500 million sale of the Green Valley Ranch Resort should be removed from the case's unsecured creditors committee.  read more

Parent of Stratosphere, Arizona Charlie's reports loss

American Casino & Entertainment Properties, owner of the Stratosphere, posted a $6.2 million loss and a moderate decline in revenues last quarter.  read more

Despite strong bookings, Cosmopolitan sees quarterly loss

Despite a high occupancy rate, the newest resort on the Strip reported a $56.8 million loss in the first quarter of 2011.  read more

Hong Kong IPO looks promising for MGM

A stock offering by MGM Resorts International on the Hong Kong Stock Exchange is close to fruition, and it turns out the nearly 18-month wait could be profitable.  read more

Public hearing to be held for SugarHouse Casino license renewal

A hearing in June will gather evidence, including public comment, on the renewal of the slot machine operators' license for the SugarHouse Casino.  read more

Blackjack player takes Tropicana for nearly $6 million

One high rolling blackjack player relieved the Tropicana in Atlantic City of $5.8 million in April.  read more

Ohio governor proposes controversial gaming tax

Gov. John Kasich supports a commercial activity tax, which could stall construction of four casinos approved by voters in the Buckeye State.  read more

SLOTS News

SLOTS

Caesars to introduce The Hangover slot machine

Caesars Entertainment will introduce IGT's The Hangover Slots to the casino floor of 37 Caesars' properties this summer.  read more

Player wins over $1 million at California casino

A California retiree won $1,127,123 on the Super Spin Wheel of Fortune at Fantasy Springs Resort Casino in Indio.  read more

The Reel Life always brings a bag

Bank robberies provide important fodder for The Reel Life. Thankfully, there are plenty of dumb bank robbers, and they can usually be found in Florida.  read more

POKER News

POKER

WSOP optimistic for this year's event

World Series of Poker officials say the federal government's crackdown on PokerStars, Full Tilt Poker and Absolute Poker won't hurt participation in this year's tournament.  read more

Gaming industry renews push for legal online poker

Top gaming industry executives launched a lobbying push Tuesday to persuade Congress to legalize Internet poker.  read more

Casino City Gang: $5.8 million reasons to listen

The Gang discusses the latest from Absolute Poker, the World Series of Poker, the push by the AGA to create regulation for Internet poker, a major winner at Atlantic City and make their best bets.  read more

WSOP to stream 55 gold bracelet events

The World Series of Poker is offering fans the chance to watch final table action of 55 gold bracelet events on a five-minute delay via the Internet.  read more

Did You Know
Did You Know?
The Sahara opened its doors on October 7, 1952, and the 1960 version of the movie Ocean's Eleven was filmed at the iconic strip location.
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Frankie Dettori's Magic Seven
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