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June 10, 2013

Casino City Times Weekly Newsletter
June 10, 2013

Latest From Our Strategy Experts

arrowAl Krigman: Know why you're doubling down

Know why you're doubling down
Do you ever wonder why Basic Strategy calls on players to double down o certain hands? Gaming expert Al Krigman explains the philosophy behind "the book" and offers gaming wisdom to live by.  read more
 

Featured Story

MGM, Hyatt agree to collaborate on customer loyalty programs

By Howard Stutz
The agreement links M life Tier Credits and Hyatt Gold Passport and allows members of both programs to earn points and redeem credits at properties owned by both companies. MGM Resorts announced a similar collaboration with Southwest Airlines last week as well.  read more		MGM, Hyatt agree to collaborate on customer loyalty programs
 

CASINO News

CASINO

Pinnacle, Ameristar merger may drag into next year because of antitrust issues

Last month, the Federal Trade Commission halted Pinnacle Entertainment's $2.8 billion buyout of regional gaming rival Ameristar Casinos.  read more

Nevada gaming revenues slip slightly; Reno outpaces Las Vegas

Nevada gaming revenues fell less than 1 percent in April as a jump in figures from the Reno market helped offset a loss on the Strip.  read more

Casino City Gang: Wall Street edition

Vin Narayanan and Aaron Todd discuss Vin's trip to New York where he sat in on a conference of investment bankers interested in the online gaming industry and the latest news from the World Series of Poker, including Aaron's top-10 predictions for this year's event.  read more

Federal legislation introduced to regulate iGaming

The bill, dubbed the "Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2013," was introduced by Rep. Peter King, R-N.Y. and goes beyond online poker.  read more

Down on the Farmville, Zynga wrestles with multiple issues

Forbes reported last week that Zynga founder Mark Pincus told employees in a blog post that cutting 520 jobs and closing offices in Los Angeles and New York this past week was a necessary step to move forward.  read more

Nevada high court weighs Wynn tip-sharing policy

The tip pooling policy at the Wynn and Encore casinos, disputed for years by the resorts' dealers, was argued before the Nevada Supreme Court on Wednesday. Justices will rule in the next few months.  read more

Macau gaming revenues up 13.5 percent in May

Macau gaming revenues grew 13.5 percent in May to $3.7 billion.  read more

Las Vegas Sands approved to sell apartments in Macau

The long-awaited approval was announced Wednesday by the Macau government.  read more

SLOTS News

SLOTS

Profits for SHFL entertainment rise 22 percent

Las Vegas based SHFL said Tuesday that its net income for the quarter that ended April 30 was $11.8 million, or 21 cents per share.  read more

The Reel Life: Pass the knaidel edition

The Reel Life has its share of spelling bee angst, and there is no shortage of bitterness towards failed attempts at spelling glory.  read more

POKER News

POKER

Blame game: Fahrenkopf, Reid's office point fingers for online poker failure

The dust-up surprised many because the longtime Nevadans had always been complimentary to each other.  read more

Chen wins "Millionaire Maker" title at WSOP

The World Series of Poker's first "Millionaire Maker" turned into a dream come true for Benny Chen, a 32-year-old restaurant manager from Canada who earned a whopping $1,199,104 for first place and collected his first WSOP gold bracelet.  read more

Josephy wins second WSOP bracelet, $299,486

Cliff Josephy's victory came in the same spot where he won a WSOP title eight years ago in Seven-Card Stud, the first year the series was moved from old Binion's Horseshoe to the Rio All-Suite Hotel Casino.  read more

Did You Know
Did You Know?
Atlantic City casino revenue dropped 3.8 percent in May, according to data released by the New Jersey Division of Gaming Enforcement.
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Frog Hunter
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Casino City fans wanted
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Top-10 Stanley Cup Finals bets
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  5. How long will the series last?
  6. Series winner
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  8. Will there be overtime in Game 1?
  9. 60 minutes correct score (Game 1)
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