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May 18, 2015

Latest From Our Strategy Experts

May 18, 2015

arrowFrank Scoblete: Slot machines you can actually beat

Slot machines you can actually beat
Gaming guru Frank Scoblete introduces the concept of "advantage-play" slot machines, showing how a player can actually have an edge over the house.  read more
 

Featured Story

Bill approving slots with skill factors heads to governor

The bill, proposed by the Association of Gaming Equipment Manufacturers, has been approved by both Nevada legislative chambers. The idea is to create slot machines that have elements of skill and other arcade-style elements to attract younger gamblers to casinos.  read more
Bill approving slots with skill factors heads to governor
 

CASINO

Feds obtain new indictment against Phua

The new indictment adds a conspiracy charge against wealthy Malaysian businessman Paul Phua to the previous felony counts of operating an illegal gambling business and transmission of wagering information.  read more

Caesars facing fine of up to $20 million

The company is in discussions with federal authorities to settle money laundering allegations at Caesars Palace.  read more

Stutz: Portugal and Macau forever linked in gaming

Hong Kong billionaire Stanley Ho is chairman of Estoril Sol, a Portuguese company that owns four casinos. Ho's daughter, Pansy Ho, is a company board member and is a partner in MGM Resorts in Macau.  read more

Sportsbooks adjust odds on Patriots after Brady suspension

As soon as the NFL sacked New England quarterback Tom Brady with a four-game suspension last week, Las Vegas oddsmakers deflated several of the betting lines on the Patriots.  read more

Station Casinos wants to be treated like other casino companies

The locals casino operator asked the Gaming Control Board to make a change on the company's gaming license that would allow Station Casinos to pay financial distributions to its owners without approval from regulators.  read more

Paragon gets tentative nod to take over Westgate Las Vegas

The Gaming Control Board took little time recommending that Paragon Gaming be approved to run the 3,000-room Westgate, which was formerly known as the Las Vegas Hilton.  read more

Cosmopolitan of Las Vegas halves net loss in latest quarter

The hotel-casino lost $5.39 million in the first quarter of 2015, compared to a loss of $12.7 million in the same quarter a year ago.  read more

Full House Resorts sees net revenues dip slightly

The company, which operates casinos in Indiana, Mississippi and Northern Nevada, said its net loss for the first quarter of 2015 was $1.8 million, compared to a loss of $1.1 million in the same quarter last year.  read more

Quarterly profits nearly double for Stratosphere owner

American Casino & Entertainment Properties posted an $8 million profit in the first quarter of 2015, compared to $4.5 million in the same period last year.  read more

Longtime gaming attorney joining Dickinson Wright

Jeff Silver has represented several casino companies during his 40-year career and served on the Nevada Gaming Control Board from 1975-1979.  read more

SLOTS

IGT reports net loss before big merger

The slot machine giant lost $13 million and saw total revenue decline 22 percent in its final quarter prior to its $6.4 billion merger with GTECH.  read more

Stutz: Payouts from Spanish slots no threat to Megabucks

Spain has more than 200,000 slot machines countrywide, mostly inside small gaming salons and parlors. The payouts are not life-changing for the customers, and the gaming revenue doesn't move the needle for operators.  read more

The Reel Life: All in a day's work edition

In East Bay, California, a lucky man scratched an Emerald 10's ticket and wound up $1 million richer. But he reacted with just a shrug of the shoulders, and he plans to save — not spend — most of the winnings.  read more

POKER

GPI to power WSOP Player of the Year

The winner of the award will now be decided based on Global Poker Index's rankings system, and GPI's website will host the complete standings throughout the World Series of Poker.  read more

Did You Know
Did You Know?
Jason Somerville recently completed 70 straight days of live streaming his online poker play on Twitch. Somerville's Twitch stream hosted 2.6 million unique visitors over the span of 457 hours.
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