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May 5, 2014

Latest From Our Strategy Experts

May 5, 2014

arrowJohn Grochowski: Why government won't help players

Why government won't help players
Gaming guru John Grochowski explains the likely reason as to why the federal government has not increased the threshold for players to sign a W2-G on jackpot winnings to adjust for inflation.  read more
 

Featured Story

Big summer ahead for Bally's new WSOP-themed poker room

The World Series of Poker-themed poker room at Bally's Wild Wild West casino in Atlantic City is still in its infancy. It features a wide array of luxury amenities. But its place in the New Jersey poker market will be determined by whether it can attract players this summer following the WSOP National Circuit Championship on Memorial Day weekend.  read more
Big summer ahead for Bally's new WSOP-themed poker room
 

CASINO News

CASINO

Casino City Gang: No cheering in the press box

BJ Nemeth joins the gang to discuss cheering in the press box at poker tournaments and how hard poker tours should work to avoid scheduling conflicts. Vin, Aaron and Dan then discuss the merits of the various New York casino bids.  read more

Sands ends speculation on Pennsylvania casino sale

Las Vegas Sands named Mark Juliano as president of Sands Bethlehem while also issuing a statement that it is "working on a variety of concepts" in which the company would further invest in the Pennsylvania casino.  read more

Macau's April revenue enough to ease worries of a slowdown

Though Macau's casinos failed to produce a third straight $4 billion gaming revenue month, the $3.9 billion collected in April represents a 10.6 percent increase over April 2013.  read more

Downtown events provide boost to Boyd properties

The Las Vegas-based company said it had its best first quarter since 2009 from Main Street Station, Fremont and California Club, all of which benefited from a cavalcade of market-changing events downtown.  read more

Pinnacle rebuffs investor proposal for REIT spinoff

Pinnacle officials said they are focused on consolidating the casinos the company acquired last year in its $2.8 billion buyout of rival Ameristar Casinos, but dismissed a proposal to spin-off the company's 14 casinos into an REIT.  read more

Steve Wynn says Strip is recovering

The Wynn Resorts chairman and CEO said he was "feeling good about Las Vegas, better than I had in the past" during a conference call with analysts.  read more

MGM details rebranding of The Hotel into Delano Las Vegas

The $80 million transformation includes remodeling all aspects of the 1,100-room nongaming hotel into a boutique-style luxury property.  read more

Venetian, Palazzo barely an afterthought with Macau in the mix

More than half of Las Vegas Sands' $2.02 billion first-quarter revenue came from its Macau resorts.  read more

MGM posts best quarterly operating performance since 2008

The Las Vegas-based casino giant said its net income for the quarter that ended March 31 was $108.2 million, a whopping increase from its $6.5 net income in the same quarter a year ago.  read more

Baccarat results help end Nevada's two-month slide

Nevada gaming revenue increased 7.6 percent to $982.2 million in March, thanks to a 39.9 percent year-over-year increase in baccarat revenue.  read more

Island Resort Championship added to Potawatomi Cup schedule

Sweetgrass Golf Club at Island Resort & Casino announced that the Island Resort Championship, from June 27-29, will be one of four events played as part of the LPGA Symetra Tour's newly created Potawatomi Cup.  read more

SLOTS News

SLOTS

Arizona player wins $1.7 million jackpot

The 26-year-old woman took home the massive prize by playing The Lord of the Rings Land of Mordor wide-area progressive slot at Blue Water Casino.  read more

Bally rides acquisition of SHFL to record quarterly revenue

The gaming equipment manufacturer reported earnings of $66.1 million for the quarter, an 8.9 percent increase form the same period a year ago.  read more

Multimedia Games acquires PokerTek in $13 million deal

Multimedia Games CEO Patrick Ramsey said the transaction would give the company an entry into Macau casinos, where PokerTek currently places its electronic poker, blackjack and baccarat tables.  read more

The Reel Life: Laziness is not a crime

In Ohio, a 72-year-old man called the police on his 17-year-old grandson to complain about him being lazy. This is one of the best "get off my lawn!" moments in Internet history.  read more

POKER News

POKER

Tweets of the Week: Donald Sterling edition

Poker players sound off about soon-to-be-ex Los Angeles Clippers owner Donald Sterling and much more.  read more

Did You Know
Did You Know?
Station Casinos announced plans to spend $20 million on improvements to Green Valley Ranch Resort by adding four restaurant and bar concepts and other amenities to the hotel-casino in Henderson.
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