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September 14, 2009

Latest From Our Strategy Experts

September 14, 2009

arrowJohn Robison: Is it finder's keepers at casinos?

Is it finder's keepers at casinos?
Robison looks at the story of an 81-year-old being booted from a casino after taking a $100 ticket out of an abandoned slot machine and explains that while each state has its own laws, the general rule is that any money found in a casino should be turned in.  read more
 

Featured Story

Making the call for the Poker Hall of Fame

Casino City's Gary Trask has been granted one of the 15 media panel votes in the balloting for this year's Poker Hall of Fame and after much internal debate and deliberation he has decided that three of the nine potential candidates are worthy of induction, including the man known as The Ambassador of Poker, Mike Sexton (right).  read more
Making the call for the Poker Hall of Fame
 

CASINO News

CASINO

Harrah's reaches deal with 888 Holdings

888 will help the casino giant enter the U.K. online gambling market by providing online poker and casino services, including payments and customer service.  read more

Nevada gaming revenue falls again

Strip casinos reported revenues of $461.3 million, a decline of 11.1 percent compared to a year ago and the 19th straight monthly decline.  read more

Detroit MGM and Beau Rivage not for sale

MGM Mirage says it has resolved its immediate financial problems and that MGM Grand Detroit and the Beau Rivage in Mississippi are not for sale.  read more

Atlantic City casinos suffer a 'disastrous' August

Casino revenue decreased 16.3 percent from August 2008 after posting smaller revenue drops in June and July.  read more

Resorts Atlantic City on life support

State gambling regulators could rule as early as this week whether Resorts will be taken over by its lenders, with closure a possibility.  read more

Two competitors team up for Kansas casino

The Kansas Speedway and Penn National Gaming have agreed to cooperate on plans for a state-controlled casino.  read more

LV Sands completes $600-million transaction

The $600-million financing transaction is a preliminary step towards an initial public offering of shares on the Hong Kong Stock Exchange.  read more

Harrah's moves to decrease debt load

The Las Vegas-based gaming giant plans to issue $720 million in new senior secured notes due in 2017.  read more

Chinese company to finance Atlantic City casino

China State Construction Engineering Corp. has signed a $1.7 billion agreement to help build the Revel Casino.  read more

SLOTS News

SLOTS

The Reel Life

The Reel Life loves creative bonus offers. There are so many gambling sites out there that casinos have to differentiate themselves. But we've never seen an offer like one an Irish bank offered new customers.  read more

Penny slots paying out big in Nevada

Last year, Nevada's 37,943 penny slot machines attracted wagers of $17.8 billion, which represents 15 percent of all the money gambled statewide.  read more

Sands Bethlehem wants more slot machines

The president of the Pennsylvania casino said the company hopes to have the new machines running by Nov. 22.  read more

POKER News

POKER

Stars will shine at EPT London Poker Festival

Joe Hachem, Greg Raymer, Peter Eastgate, Dennis Phillips, Daniel Negreanu, Vanessa Rousso and Barry Greenstein are among the pros expected to compete at the 16-event tournament that begins Sept. 30.  read more

Four arrested in Planet Hollywood poker scam

The four men are being charged in an alleged plot to take phony jackpot payoffs, with losses to Planet Hollywood "in the thousands of dollars."  read more

Did You Know
Did You Know?
The statue of Leo outside the MGM Grand on the Las Vegas Strip weighs more than 100,000 pounds and stands 45 feet tall, making it the largest bronze statue in the U.S.
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