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July 22, 2013

Latest From Our Strategy Experts

July 22, 2013

arrowFrank Scoblete: What is the point of slot play?

What is the point of slot play?
For people who don't play slot machines, the people that do are complete mysteries. Here, gaming expert Frank Scoblete tries to shed some light on the motivations of slot players and explain why they enjoy the game.  read more
 

Featured Story

Bally Technologies to buy SHFL entertainment for $1.3 billion

In what is being described as a "friendly merger," slot machine manufacturer Bally Technologies is paying $1.3 billion to acquire SHFL entertainment (formerly Shuffle Master), whose portfolio of table games other gaming devices will expand Bally's offerings and fill in some gaps.  read more
Bally Technologies to buy SHFL entertainment for $1.3 billion
 

CASINO News

CASINO

Partnership between MGM Resorts, Hyatt loyalty programs picking up steam

The agreement between the Hyatt and MGM Resorts loyalty programs is not the first for the casino industry, but it is certainly the largest.  read more

William Hill debuts new facility in Laughlin

William Hill opened its newly renovated sportsbook at the Edgewater Hotel and Casino last week. The race and sports book features 64 television screens, including three 80-inch displays.  read more

Springfield, Mass., voters approve MGM casino plan

Nearly 25 percent of all voters participated in the election, with 57.6 percent voting in favor of the casino. Massachusetts is only granting one casino license for the western part of the state.  read more

Report: Las Vegas Sands could delay EuroVegas

UPI is reporting Sands could delay development of the planned $22 billion resort complex in Spain unless the government lifts a ban on smoking inside casinos.  read more

Louisiana regulators OK Pinnacle buyout of Ameristar

Pinnacle has said it hopes to close the acquisition, which would double the size of the company to 17 casinos and racetracks, by August.  read more

Pinnacle to raise $800 million to complete Ameristar buyout

Las Vegas based Pinnacle Entertainment announced plans last week to raise up to $800 million in new debt to help the company complete its buyout of regional gaming rival Ameristar Casinos.  read more

Galaxy CEO issues shareholder letter over California licensing

The California Gambling Control Commission on July 11 upheld a judge's ruling describing Robert Saucier as unsuitable to do business in California.  read more

Lawrence Ho eyes Russian expansion

Ho said his two companies would spend $630 million to buy a 51 percent stake in a business building two casino resorts in the Primorye Region near China's border.  read more

Parisi named chairman of Affinity Gaming

Richard Parisi, a senior investment professional with Connecticut-based hedge fund Silver Point Capital, replaces Don Kornstein as chairman.  read more

POKER News

POKER

Casino City Gang: Tran rolls to November Nine

Fresh off the plane from Las Vegas, Casino City Editor-in-chief Vin Narayanan joins Aaron Todd to discuss the World Series of Poker Main Event, the latest online poker bill introduced in the House of Representatives and big moves by Bally Technologies.  read more

Barton, PPA believe time is now for federal online poker bill

Despite repeated failed attempts over the past several Congressional sessions, Rep. Joe Barton (R-Texas) and the Poker Players Alliance (PPA) believe that now is the time to regulate Internet poker at the federal level.  read more

Congress urged to avoid "Wild West' and form iGaming rules

States moving to establish online gaming after the Justice Department's reinterpretation of the 1961 Wire Act are not positioned to detect and combat fraud, money laundering and other crimes associated with organized crime, and terrorist groups in some cases, law enforcement officials said.  read more

SLOTS News

SLOTS

Reel Life: If at first you don't succeed, give up

The Reel Life understands that the old adage is actually "If at first you don't succeed, try, try again." But when you're talking about trying to crack a safe stolen from a church in a police officer's back yard, you're better off giving up when you fail the first time.  read more

Did You Know
Did You Know?
The slots-only Resorts World Casino in New York City generates about $2.2 million a day in revenue, according to the Philadelphia Inquirer. That makes it the most profitable slot parlor in the U.S.
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Pai Gow Poker
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