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August 18, 2014

Latest From Our Strategy Experts

August 18, 2014

arrowFrank Scoblete: Tight comps and aggressive blackjack

Tight comps and aggressive blackjack
Gaming guru Frank Scoblete agrees with a reader's complaints about some casinos being frugal with their comps. Then he explains his blackjack strategy for when the Speed Count gets extremely high.  read more
 

Featured Story

Casino City Gang: Gambling under attack edition

The gang addresses the recent Newsweek cover story painting online gaming in a negative light and continues an ongoing conversation about Atlantic City in the wake of the news that Revel will shut down.  read more
Casino City Gang: Gambling under attack edition
 

CASINO News

CASINO

Strip land values react to deal for Frontier site

MGM Resorts Chairman Jim Murren says Strip land is now valued at $9 million per acre and called the deal for the Frontier site a "bullish sign for investors that want to come into the market."  read more

SLS builds future of its own on Sahara's past

The SLS Las Vegas will be christened the Strip's newest resort in a lavish VIP reception this Friday night, with the property unveiled to the public shortly after midnight Saturday. The new property could even provide a needed revival to the northern part of the Strip.  read more

Before Hsieh, Binion defined downtown Las Vegas

Before downtown became the canvas for Tony Hsieh's creative marketing and real estate vision, Benny Binion defined the Fremont Street experience.  read more

Cosmopolitan trims loss, sees revenue grow

The Strip resort said it lost $13.6 million in the quarter that ended June 30 compared to a $25.2 million loss in the same quarter a year ago.  read more

Turnaround story unfolds for MGM Resorts

The company turned a profit of $105.5 million on revenue of $2.6 billion in the second quarter, leading the investment community to praise MGM and its expansion opportunities in the U.S. and Macau.  read more

Affinity Gaming sees revenue, cash flow drop

The Las Vegas-based company saw its cash flow fall 28.8 percent to $12.7 million for the period that ended June 30.  read more

Non-gaming revenue helps Stratosphere, Arizona Charlie's

American Casino said increases in revenue from hotel and restaurant operations offset a 2.4-percent decline in gaming revenue.  read more

Station Casinos says customers still hesitant to spend

Company CFO Marc Falcone said visits to Station's properties are stable, but Station is "still not seeing the levels of discretionary income we saw in the past."  read more

SLOTS News

SLOTS

Slot-lottery mergers a relief to investors

The combined $11.5 billion in mergers in the past few weeks has the investment community relieved. Investors are optimistic about the union between the lottery providers and slot machine manufacturers.  read more

IGT deal may open Asian market to company slots

LT Game, a Macau-based distributor, will deliver IGT slot machines and game content to casinos in Macau.  read more

The Reel Life: Sour commute edition

On a San Diego highway, a crash between two big rig trucks left hundreds of lemons spilled across the road. The incident blocked traffic for over three hours.  read more

POKER News

POKER

Card Player Tour to stop at Hollywood Park

The tour will hit Hollywood Park Casino in Inglewood, Calif., for the first time ever, hosting a seven-tournament series from Oct. 17-26.  read more

Did You Know
Did You Know?
Daniel "jungleman12" Cates surpassed the $10 million mark in career winnings at Full Tilt Poker earlier this month.
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