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August 24, 2009

Latest From Our Strategy Experts

August 24, 2009

arrowAl Krigman: Should you make side bets on table games?

Should you make side bets on table games?
Side bets for casino table games are attractive to the player because of the high payouts. But are they worth the investment? Krigman explains why the answer to that question is a matter of personal preference.  read more
 

Featured Story

Tiger's collapse proves costly for Paddy Power

The Irish bookmaker was so sure that the world's No. 1 player would close out last week's PGA Championship after taking a four-stroke lead through 36 holes, it prematurely paid off all of its clients' bets on Tiger Woods to win. But as the company explained to Casino City, it lost £1.25 million when Tiger stumbled in the final round and lost to eventual winner Y.E. Yang.  read more
Tiger's collapse proves costly for Paddy Power
 

CASINO News

CASINO

Appeals court blocks Delaware sports betting

A federal appeals court ruled Monday that the state of Delaware's plan to offer sports betting beginning Sept. 1 would violate the federal ban on sports wagering.  read more

Nevada prepared for online gambling

Nevada could benefit financially if a bill to legalize Internet gambling in the United States is approved by Congress.  read more

Station Casinos founder Fertitta dies at 70

Frank Fertitta Jr. died last week in Los Angeles following heart surgery just a few weeks ago.  read more

Beat returns to Prive after shutdown

The Planet Hollywood club received a temporary liquor license last Friday afternoon, just five hours before the club planned to reopen for the weekend.  read more

Wynns sell 2 million company shares

Steve Wynn and his wife Elaine -- who are in the process of a divorce -- sold 2 million shares of Wynn Resorts stock, pocketing at least $114 million.  read more

Pittsburgh casino sees $73.7M wagered in first week

Rivers Casino's first eight days of operations generated $6.5 million in gross terminal revenue on $73.7 million in wagering.  read more

New Colorado casino rules paying off

Gambling revenue is up 16% during the first month of higher limits, new games and round-the-clock gambling.  read more

Atlantic City casino profits fall 19 percent

Casino profits fell 19.8 percent in the second quarter of 2009 as compared to last year. The Borgata was the lone casino to report an increase in profits (7.8%).  read more

SLOTS News

SLOTS

California tribes to add slots

A federal judge in Sacramento has ruled the state's Indian casinos can add 10,549 slot machines, which will make the state the largest Indian gaming market in the U.S.  read more

Ohio sets rules on slots at tracks

The Ohio Lottery Commission set six rules on integrating slot machines at the state's horse tracks, including that each track spend $80 million on improvements.  read more

The Reel Life

The Reel Life once again delves into the world of board game violence. It turns out that UNO can cause just as much anger as Monopoly.  read more

POKER News

POKER

ESPN inks seven-year deal with WSOP

The new deal will keep the popular poker tournament on ESPN and its multiple platforms through 2018. ESPN will telecast a minimum of 32 hours of coverage from the World Series of Poker in Las Vegas annually.  read more

PartyGaming buys major piece of WPT assets

A subsidiary of PartyGaming outbid Gamynia Limited late in the game to buy the World Poker Tour. PartyGaming will pay $12.3 million for the WPT's TV library, brand names, trade names and tangible personal property.  read more

Did You Know
Did You Know?
Las Vegas Sands CEO Sheldon Adelson told Time magazine that his net worth has plummeted $36.5 billion in the last two years, going from $40 billion to $3.5 billion.
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