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July 23, 2012

Latest From Our Strategy Experts

July 23, 2012

arrowJohn Grochowski: Charting doesn't help predict the future

Charting doesn't help predict the future
Grochowski does what he hates most -- chart play at craps -- to prove what's happened in the past won't help predict what's going to happen in the future.  read more
 

Featured Story

Judge gives CityCenter permission to demolish Harmon Hotel

The judge sidestepped issues dealing with who was to blame for the defects in the half-finished building and said imploding the flawed structure was a business decision permitted under state law.  read more
Judge gives CityCenter permission to demolish Harmon Hotel
 

CASINO News

CASINO

Wynn Resorts earnings hit by slumps in Las Vegas, Macau

Revenue was $1.25 billion, a decline from the $1.36 billion the company reported in the same period last year.  read more

An easy solution to Echelon eyesore

Boyd Gaming's original concept for the CityCenter-like Echelon project - five hotels, a large casino, 750,000 square feet of convention space, 30 restaurants, 300,000 square feet of retail and entertainment amenities, all covering 87 acres - is not going to happen. Howard Stutz offers a solution.  read more

Caesars settles under-age gambling, alcohol charges

According to the settlement, Caesars admitted to all violations noted by state gaming agents and agreed to pay a $100,000 fine, which is large by Nevada gaming standards.  read more

Ameristar completes purchase of planned Louisiana project

In a statement, Las Vegas-based Ameristar said it hoped to complete the 700-room Ameristar Lake Charles by the fall of 2014.  read more

Pennsylvania table game revenue up 15.5 percent in June

The June figure boosted table game revenue during the 2011/12 fiscal year to $663.9 million, an increase of 30.8 percent over the previous state fiscal year.  read more

WMS establishes Williams Interactive

WMS's online wagering, social, casual and mobile gaming resources will be integrated under a single iGaming organization.  read more

Trump Taj Mahal presents Al Green

Al Green, one of the first great soul singers of the 70s, will appear in the Arena at Trump Taj Mahal on Saturday, August 25, 2012.  read more

SLOTS News

SLOTS

Pala slot players win over $113,000

The biggest winner was Danny M. of Torrance, California, who took home $62,500 playing Double Hearts.  read more

WMS brings popular slot content to Facebook

The Jackpot Party social casino has six authentic WMS slot games with additional classic games on the way.  read more

The Reel Life: Bad mug shot edition

Yes, even The Reel Life, who is usually quite photogenic, knows of some pictures that make us look pretty bad. But we've never called 911 to complain about it.  read more

POKER News

POKER

Casino City Gang: Main Event edition

Fresh off his trip to Las Vegas, Casino City's Vin Narayanan joins host Aaron Todd to discuss four aspects of the World Series of Poker's Main Event: The ladies, the Hungarian, final table notes and reactions, and the upcoming TV coverage.  read more

Heller: Legalizing online poker on front burner

Sen. Dean Heller said he is trying to persuade Republican leaders and GOP senators to clear the way for Internet poker legalization, allowing the casino industry to tap billions of dollars now wagered online.  read more

Reports of deal on Web poker met with caution

Lobbyists said they didn't expect anything to happen with Internet poker until the elections play out, which could change the leadership of the Senate from Democratic to Republican.  read more

Churchill Downs files for interactive gaming license

Churchill Downs filed the paperwork recently with the Nevada Gaming Control Board, joining nearly three-dozen casino operators and gaming equipment providers in seeking approval for interactive gaming within the state.  read more

Did You Know
Did You Know?
Detroit casinos posted $115.5 million in revenue in June. That's a 5.8 percent decline from May and 1.6 percent decline from June of last year.
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