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September 28, 2009

Latest From Our Strategy Experts

September 28, 2009

arrowMark Pilarski: Why slot players butter the casino's bread

Why slot players butter the casino's bread
Pilarski writes that casinos love slot players because the machines don't take sick days, need vacation time or whine when you ask them to work weekends. In other words, slots generate a hassle-free profit.  read more
 

Featured Story

Vegas icon Bob Stupak dies at 67

Las Vegas gaming entrepreneur Bob Stupak died Friday at the age of 67 after a battle with leukemia. The man who built Vegas World and the Stratosphere and was described as a "as a 20th century version of P.T. Barnum" will be remembered as an innovative marketer who brought the world's first million-dollar jackpot and no-limit wagering to Sin City.  read more
Vegas icon Bob Stupak dies at 67


 

CASINO News

CASINO

Denials by MGM's Kerkorian challenged

A federal judge believes MGM Mirage majority shareholder Kirk Kerkorian knew a now-convicted Hollywood private eye was illegally wiretapping his ex-wife during their child custody dispute in 2002.  read more

Job seekers grateful CityCenter is now hiring

Hundreds of job seekers were informed last week that they landed positions at one of CityCenter's two projects that are set to open in December.  read more

IMG extends contract with Harrah's and WSOP

IMG will use its global network to expand the World Series of Poker brand, including sponsorship, event management, licensing and television distribution.  read more

Lenders seek to move Fontainebleau case to liquidation

A motion filed by a group of secondary lenders says that finishing the Las Vegas project is "not possible."  read more

Slump blamed for failure of Station buyout

According to a special committee, the failure of the company's $5.7-billion buyout was due to the economic downturn, not inappropriate action by anyone involved.  read more

Gambling revenue falls nationwide

State revenues from all sources of authorized gambling fell 2.8% in fiscal 2009, the first decline in data going back at least 20 years.  read more

Poll shows support for Ohio casinos

A poll commissioned by eight Ohio newspapers has found strong support for a November ballot proposal to put casinos in four cities.  read more

SLOTS News

SLOTS

Sands Bethlehem only adding 250 slots

The Pennsylvania casino had previously planned to add 2,000 slot machines, but the new total of 3,250 total machines will still make Sands the state's second-largest casino.  read more

Maryland ready to award first slot license

Maryland will award the state's first slot license to the Ocean Downs racetrack as early as Memorial Day Weekend.  read more

The Reel Life

The Reel Life can get quite hungry while playing the slots, but we've never had a problem when heading out to our local grocery store. Then again, we aren't members of a Jedi religion.  read more

POKER News

POKER

Team Europe takes inaugural Caesars Cup

Team Europe crushed Team Americas in the first edition of the Caesars Cup at the World Series of Poker Europe.  read more

Kelly wins historic WSOP Europe event

J.P. Kelly became the first English player to win a World Series of Poker Europe event in the largest poker tournament in London history.  read more

Erik Cajelais wins WSOPE event 2

The Full Tilt pro from Montreal earned his first WSOP bracelet and won more than $169,000 in the half Pot-Limit Hold'em and half Pot-Limit Omaha event.  read more

Did You Know
Did You Know?
At $40,000 per night, the 10,000-square-foot, two-floor Hugh Hefner Sky Villa at the Palms Resort & Casino is the most expensive rental suite in Las Vegas.
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