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May 4, 2015

Latest From Our Strategy Experts

May 4, 2015

arrowFrank Scoblete: Trend betting is preposterous

Trend betting is preposterous
Gaming guru Frank Scoblete explains why trend betting, or "charting" or "tracking" events in casino games, is an injustice against everything we've learned about randomness for centuries.  read more
 

Featured Story

Murren: Sky won't fall if online gaming is banned

MGM Resorts CEO Jim Murren says the company won't miss a beat if Congress passes legislation that would effectively ban legal online gaming in the U.S. He also thinks MGM would survive Nevada losing its virtual monopoly on legal sports betting if it is approved for other states.  read more
Murren: Sky won't fall if online gaming is banned
 

CASINO News

CASINO

Micon charged with operating unlicensed site

Nevada has issued an arrest warrant for Bryan Micon, the former chairman of Bitcoin poker site Seals With Clubs. If convicted, Micon would face up to 10 years in prison and a $50,000 fine.  read more

Wynn Resorts shares rebound after $2.2 billion loss

The company bounced back last Thursday after a stunning sell-off Wednesday that saw Wynn shed about $2.2 billion in market capitalization.  read more

Penn National to buy Tropicana for $360 million

The Strip hotel-casino is the largest acquisition for Penn National since its 2011 purchase of the M Resort in Henderson.  read more

Adelson: Fired Macau boss was 'potentially destructive'

Las Vegas Sands CEO Sheldon Adelson said former Sands Macau President Steven Jacobs "was one of the least competent ... executives I had in over 50 companies in my 69-year business career."  read more

Churchill Downs breaks attendance record for Derby

The 141st running of the Kentucky Derby brought 170,513 fans to Churchill Downs, breaking the previous record of 165,307 set in 2012.  read more

Strip casinos deemed 'unlucky' in March

Gaming revenue on the Strip declined by 9.6 percent compared to the same period last year, due to an abnormally low baccarat hold for the casinos.  read more

Elaine Wynn collected 17.1 percent of proxy vote

Of that 17.1 percent, most of the votes were cast by Elaine's ex-husband, Steve Wynn, who was obligated by the terms of a stockholder agreement to vote shares held by Elaine.  read more

MGM Resorts investor advocates removal of board members

Connecticut-based Land and Buildings, which owns less than 1 percent of MGM, believes "there is an urgent need for change" for the Las Vegas casino operator.  read more

Michonne Ascuaga appointed to Nevada Gaming Commission

Ascuaga, the former CEO of John Ascuaga's Nugget in Northern Nevada, was named to the position by Gov. Brian Sandoval last week.  read more

POKER News

POKER

PokerStars opens live poker room in Italy

The online poker site has opened a new PokerStars LIVE poker room at "Casino de la Vallée" in the Saint Vincent Resort & Casino in Northern Italy.  read more

Williams wins SugarHouse $100,000 guaranteed tournament

Philadelphia native Adam Williams took down the city's first major poker tournament for $40,004.  read more

European Poker Tour schedule shakes up for Season 12

The EPT has announced six stops for the upcoming season, including Barcelona, Malta, Prague and Dublin.  read more

SLOTS News

SLOTS

The Reel Life: Punch a bear edition

They say "don't poke the bear." But they never said don't punch the bear. And that's exactly what a 73-year-old California man did to protect his dog.  read more

Did You Know
Did You Know?
The Assembly Governmental Organization Committee voted unanimously in favor of advancing AB 431, a bill that would regulate online poker in the state of California.
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