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April 1, 2013

Casino City Times Weekly Newsletter
April 1, 2013

Latest From Our Strategy Experts

arrowFrak Scoblete: She is and she isn't

She is and she isn't
Frank Scoblete shares a wonderful story about his wife's expert blackjack play and her not so expert craps play.  read more
 

Featured Story

Cosmopolitan posts $106.5 million loss in 2012

By Chris Sieroty
Revenues actually increased each business category. But the resort's balance sheet was hurt by increased promotional and operating expenses and a 9 percent hold in gaming. The resort had an 85.6 percent occupancy rate in 2012. The Cosmopolitan posted a net loss of $96.9 million in 2011.  read more		Cosmopolitan posts $106.5 million loss in 2012
 

CASINO News

CASINO

Adelson asks to bar cameras from court because of "security threat"

The billionaire brought in renowned Harvard University law professor Alan Dershowitz to argue against cameras in the courtroom while Adelson is testifying.  read more

Stutz: These new hotel-casino names were not my idea

Gaming insider Howard Stutz notes that many of us long for the days when hotel-casino names on the Strip were Stardust, Sahara, Frontier, Barbary Coast and Dunes. But there's a method to the madness of renaming casinos.  read more

Wynn unveils artist's rendering for $1.5 billion Boston casino

Wynn Resorts faces stiff competition for the only gaming license in Boston from Suffolk Downs, which has partnered with Caesars.  read more

Caesars schedules open houses to see East Boston casino model

Caesars and their partner, Suffolk Downs, hope the three open houses for residents of East Boston and Revere will help garner local support for their proposed casino.  read more

Bally signs Internet gaming deal with Colville Tribal Casinos

Bally Technologies will provide Mill Bay, Okanogan Bingo and Coulee Dam with online free-for-play poker, slot and table games content.  read more

Nevada is considering allowing betting on politics

Oddsmakers and gaming industry analysts in Las Vegas said that if successful, a Nevada state senator's efforts to legalize betting on politics will produce more notoriety than revenue.  read more

What is Strip land worth? Echelon deal offers ideas

Boyd Gaming's sale of the 87-acre Echelon site to the Genting Group for $350 million gives analysts a benchmark for evaluating what property on the Las Vegas Strip is worth in today's market.  read more

Wynn COO to retire in June

Marc Schorr, 65, also will step down from Wynn Resorts' board of directors. Schorr has been the COO of Wynn Resorts for 13 years.  read more

Analyst offers negative forecast for Vegas if energy costs rise

Higher energy costs will likely hurt the gaming industry, according to an economic evaluation by Deutsche Bank. Consumers would spend less on leisure activities, airlines would reduce capacity and costs to operate large casinos would increase.  read more

ESPN's 'Friday Night Fights' comes to Little Creek Casino Resort

The Ramos-Gonzalez featherweight brawl headlines a live April 12th broadcast that has several Washington-based fighters on the card.  read more

Galaxy Gaming receives approval to do business in Maryland

Galaxy Gaming hopes the addition of table games to Maryland casinos will help its product line, which includes casino table games and e-Tables.  read more

SLOTS News

SLOTS

Analyst: Recent IGT proxy fight viewed as "positive" for the company

Wells Fargo Securities gaming analyst Cameron McKnight gave IGT an "outperform" rating last week following the long proxy battle over the makeup of the company's board of directors.  read more

The Reel Life: Good people win edition

A group of people who work in a real estate office in Florida that cashed in a Powerball ticket for $1 million provided one of the most heart-warming stories we've read in some time.  read more

POKER News

POKER

Ironman Poker Challenge officially recognized for Guinness World Record

The Casino at Delaware Park now holds the record for the "Longest Continuous Poker Tournament."  read more

Did You Know
Did You Know?
Ultimate Poker has signed Antonio Esfandiari to be its brand ambassador. Ultimate Poker is a new online poker set to open up in Nevada.
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Casino City fans wanted
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Top-10 Final Four bets
  1. Syracuse 17/4 to win it all
  2. Over 5.5 verbal references to Kevin Ware during Wichita State vs. Louisville
  3. Michigan vs. Syracuse over 130.5
  4. Under 3.5 times Clark Kellogg calls Jim Nantz partner in the Michigan-Florida game
  5. Under 1.5 references to Boeheim's canceled Disney World trip during Michigan vs. Syracuse
  6. Michigan (-2.5) vs. Syracuse
  7. Peyton Siva 7/1 Most Outstanding Player
  8. Over 2.5 Cinderella references during Wichita State vs. Louisville
  9. Wichita State vs. Louisville under 130.5
  10. Wichita State (+10.5) vs. Louisville