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August 13, 2012

Latest From Our Strategy Experts

August 13, 2012

arrowJohn Grochowski: Pay attention to pay tables

Pay attention to pay tables
Grochowski explains why casinos can adjust pay tables -- and not the game -- in video poker and tells players to stay away from a truly awful betting system.  read more
 

Featured Story

Cantor Gaming brings online sports betting to Nevada

Cantor Gaming, which operates several sportsbooks in Nevada including ones at the Palms and the Venetian, is now offering online sports betting within Nevada's borders. All you need is a Cantor account and a Wi-Fi connection.  read more
Cantor Gaming brings online sports betting to Nevada
 

CASINO News

CASINO

Casino City Gang: Dolphin kicking edition

Casino City's Vin Narayanan and Aaron Todd discuss real-money online gambling launching on Facebook in the U.K., the major sports leagues suing New Jersey over sports betting and what it takes to live in Las Vegas.  read more

Nevada gaming revenue drops 6 percent in June

Nevada casinos collected $832.5 million from gamblers in June, compared with $885.8 million in June 2011, according to figures released Thursday by the state's Gaming Control Board.  read more

Tropicana Las Vegas reports $5.9 million second-quarter loss

The Strip property, which will open a new nightclub, beach club and restaurants next month, said the quarterly loss was an improvement from the $9.4 million loss in the same period last year.  read more

MGM chairman: Company at its strongest point in three years

MGM lost $145.5 million in the second quarter. But Jim Murren told investors last week that with a cash balance of $1.7 billion, MGM was in a "favorable place."  read more

Caesars' quarterly net loss widens as customers spend less

Caesars says it remains optimistic with various expansion opportunities on tap, including potential casinos in Maryland and Massachusetts, and the $500 million nongaming Project Linq development to open on the Strip in 2013.  read more

Bally's Atlantic City fall concert lineup features a few kings

Bally's signature tribute show, Legends In Concert, features artists performing as Elvis Presley, Michael Jackson, Donna Summer and Steven Tyler.  read more

SLOTS News

SLOTS

Slot machine maker WMS sees decline in quarterly revenues

The company said last week net revenues for the quarter were $195.9 million, a decline of 3.5 percent.  read more

New Facebook app offers real-money bingo and slots

The Bingo Friendzy application is run by Gamesys, which owns and operates Jackpotjoy, and is restricted to players in the U.K. Gamesys also operates Sun Bingo and Caesars Casino.  read more

The Reel Life: Cruiser crushing tractor edition

If the Reel Life learned one thing this week, it's not to cross a Vermonter who comes from a farming family.  read more

POKER News

POKER

South Point poised to become Nevada's first real-money online poker room

Regulators give casino tentative approval to operate an online poker room accessible only within Nevada. The site could begin testing real-money play in October.  read more

WSOP, born in smoky poker room, now a phenomenon

The World Series of Poker is now a year-round extravaganza, not just the annual seven-week series at the Rio that has grown from its humble beginnings to a multi-million-dollar event.  read more

Foxwoods joins poker World Series circuit

The World Series of Poker's 2012-13 circuit will now make a stop in Connecticut next spring.  read more

Two bad beat jackpots pay over $145,000 at Prairie Meadows

Prairie Meadows Racetrack and Casino paid $89,231 on Aug. 4 and another $55,968 on Aug. 8.  read more

Did You Know
Did You Know?
19.93 million people visited Las Vegas through June, up 2.4 percent from 2011's six-month total. -- GamingWire
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