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June 1, 2015

Latest From Our Strategy Experts

June 1, 2015

arrowFrank Scoblete: Life in the fast lane

Life in the fast lane
Gaming guru Frank Scoblete tells stories about watching high rollers gamble in Las Vegas, including a Hollywood producer who lost $1.4 million at craps in one wild night.  read more
 

Featured Story

Gov. Sandoval signs legislation clearing way for Uber, Lyft

The bill puts the companies under the authority of the Nevada Transportation Authority and clears the way for people in Nevada to use the ridesharing services at some point in the near future.  read more
Gov. Sandoval signs legislation clearing way for Uber, Lyft
 

POKER

Stewart: 'We wanted to do something huge'

World Series of Poker Executive Director Ty Stewart joined Casino City's Aaron Todd over the weekend to discuss the WSOP's Colossus, the largest live tournament in poker history.  read more

Colossal displeasure with Colossus payout structure at WSOP

The money bubble burst at the World Series of Poker's Colossus event on Sunday night, but the bulk of the buzz in the Pavilion was a payout structure that will see first place earn $638,880, or just 5.7 percent of the prize pool.  read more

Colossus shatters record for largest tournament

The final two starting flights of the World Series of Poker's $565 Colossus event were filled to capacity, ensuring that the event wouldn't just break the record for largest live poker tournament, but shatter it.  read more

Colossus attracts new faces to WSOP

One of the primary goals of the WSOP's Colossus event was to attract new players to the tournament series. Consider that objective achieved.  read more

Money bubble bursts at WSOP's Colossus

The tournament staff could barely keep up with the bustouts during Day 2 of the Colossus, and it appeared for a few moments as if WSOP officials might have actually missed the money bubble.  read more

Finding fun at the WSOP's Colossus

Aaron Todd's first World Series of Poker Tournament ended before he would have liked it to, but he walked away with a smile and learned a little along the way.  read more

SLOTS

Slot makers betting on skill to lure millennials

The passage of a bill that legalizes skill-based slot games in Nevada could be a "monumental moment" for the state's casino industry, according to Association of Gaming Equipment Manufacturers Executive Director Marcus Prater.  read more

Stutz: IRS idea to lower jackpot threshold is ill conceived

Changing the threshold from $1,200 to $600 would cause a massive increase in paperwork and could hurt seniors' access to programs like Medicare.  read more

IGT's losses reflect weakening state of US slot machine industry

In its final quarter prior to being acquired by GTECH, IGT lost $13 million while total revenue declined 22 percent from the same period a year ago.  read more

The Reel Life: Pronouncing "GIF" edition

Until last week, Scripps National Spelling Bee pronouncer Jacques Bailly had never let The Reel Life down. But then he ducked the GIF question. At least The Reel Life still has the slots.  read more

CASINO

Strip surge helps reverse gaming slide

The Strip had its best April since 2008, as gaming revenue increased almost 7.8 percent to $498.8 million from the same month last year. Casinos statewide saw a 5.39 percent increase in revenue.  read more

Judge stands by order throwing out evidence in Phua case

Citing the "fruit of the poisoned tree" doctrine, U.S. District Judge Andrew Gordon refused to reconsider his decision from earlier this week to toss evidence resulting from illegal FBI searches.  read more

Caesars in 'painstaking' process to restore retirement payments

The company had previously halted retirement and other deferred compensation payments as part of its bankruptcy proceedings, drawing the ire of retired employees who depend on the payments.  read more

Stockton University sues Caesars for fraud, breach of contract

The New Jersey college bought the now-closed Showboat casino last year, before Caesars filed Chapter 11 bankruptcy.  read more

Did You Know
Did You Know?
The first World Series of Poker, held in 1970, consisted of just seven players. This year, in its 45th incarnation, 68 tournaments will be contested, including the Colossus, which received more than 22,000 paid entries.
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Top 10 numbers from the WSOP Colossus
  1. Day 3 WSOP bracelet winners
  2. Day 3 with < 20 big blinds
  3. First-time WSOP cashes
  4. Big blinds for late players
  5. Revenue to Caesars
  6. Amount per buy-in to winner
  7. First-place prize
  8. Prize pool
  9. How long Aaron stood in line
  10. Number of entries
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