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August 10, 2009

Casino City Times Weekly Newsletter
August 10, 2009

Latest From Our Strategy Experts

arrowJohn Grochowski: A bad roulette system

A bad roulette system
There is another "foolproof" roulette betting system making its rounds through the Internet and Grochowski warns that while it will win more often than it loses, the amount of chips you hand over to the casino when you do lose will quickly drain your bankroll.  read more

Featured Story

Making sense of gaming's big crash

Three retired gaming executives -- Phil Satre, former CEO of Harrah's Entertainment; Don Snyder, former president of Boyd Gaming, and Glenn Christenson, former CFO of Station Casinos -- sit down for a roundtable discussion to talk about lessons learned, regrets and the future of their struggling industry.  read more
Making sense of gaming's big crash



Court ruling clears way for Delaware to offer sports betting in time for football

A federal judge refused the NFL's request to immediately halt Delaware's move to offer sports betting and set trial and hearing dates for later this fall.  read more

PPA lauds Senate bill on poker regulation

The legislation introduced by New Jersey Sen. Robert Menendez would regulate the online gambling industry, including strict age verification, clarification of the Wire Act and a tax collection mechanism.  read more

Vegas casinos looking to pool resources

South Point owner Michael Gaughan received preliminary approval last week from the state Gaming Control Board to pool sports bets with the Palms, both Cannery casinos and the Rampart Casino at the JW Marriott.  read more

Whale's defense vs. Harrah's gains traction

Charges that the company plied a high-stakes gambler from Nebraska with drugs and alcohol will be investigated after Harrah's filed criminal charges against the 52-year-old for allegedly failing to repay $14.7 million in markers.  read more

Mirage sues Denver Broncos player over alleged debts

The casino claims that NFL player LaMont Jordan has failed to pay $20,000 in gambling debts from 2008.  read more

Gambling revenue falls nationwide

Eight of the 12 states that allow commercial casinos saw their take of gambling revenue fall as compared to last year.  read more



Slots in Maryland delayed by rezoning

Gov. Martin O'Malley says "indecision" by Anne Arundel County has delayed the process of getting what is the largest proposed slots parlor in the state under way.  read more

The Reel Life

The Reel Life loves the online slots. But sometimes, we need to get out and, you know, meet people. What better place to meet people than Las Vegas? Unfortunately for a Massachusetts man, his latest trip to Vegas was a little more expensive than he intended (or remembered).  read more

Study questions economic benefits of racinos

A Ball State University report saw minimal employment gains and falling average salaries in West Virginia over a 26-year period.  read more



WPT Enterprises to sell assets to Gamynia

Gamynia will pay the company more than $9 million, plus a percentage of future revenues earned from the World Poker Tour and Professional Poker Tour brands.  read more

PokerStars crowns ANZPT Queensland champion

Scott Kerr outlasted 248 players to take home $168,075 at the Australia New Zealand Poker Tour Queensland Championship last week.  read more

MMA's Randy Couture hosting poker tournament

The mixed martial arts legend's second annual “Operation All In” poker tournament and charity auction will be held at the Golden Nugget Las Vegas, Aug. 22 and benefit the Xtreme Couture G.I. Foundation.  read more

Did You Know
Did You Know?
The baby featured in "The Hangover" was portrayed by three sets of twins and a dummy during filming of the Las Vegas-based movie.
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