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November 10, 2014

Casino City Times Weekly Newsletter
November 10, 2014

Latest From Our Strategy Experts

arrowFrank Scoblete: Play to your own advantage

Play to your own advantage
One of gaming guru Frank Scoblete's readers asks him if it's okay to go to the casino looking to just have fun, and not trying to beat the house. Scoblete explains that it's the player's job to do what he pleases with his hard-earned money.  read more
 

Featured Story

Web gaming faces bleak prospects after election

By Howard Stutz
Nevada Sen. Harry Reid (right) will no longer be the Senate Majority Leader after Republicans took control of the U.S. Senate in last week's mid-term elections. Analysts now say that various federal bills to legalize, tax and regulate aspects of online gaming have little chance of surfacing.  read more		Web gaming faces bleak prospects after election
 

CASINO News

CASINO

Casino City Gang: Election aftermath edition

The Gang discusses mid-term elections' implications on the gambling industry, both nationwide and in Massachusetts. They also discuss the Santa Ysabel tribe's launch of online bingo in California and make predictions for the WSOP November Nine.  read more

Bay State voters choose to preserve fledgling casino industry

Massachusetts voters saved the state's casino industry last week by overwhelmingly rejecting a ballot referendum that would have tossed a three-year-old gaming law.  read more

MGM officially awarded Massachusetts gaming license

The company will now pay its $85 million licensing fee to the Massachusetts Gaming Commission and is expected to begin work on a project in downtown Springfield.  read more

Indian tribe backed by Station Casinos loses referendum

Proposition 48 asked California voters to approve the North Fork Rancheria Band of Mono Indians' casino project that was OK'd by lawmakers and Gov. Jerry Brown. Now the project is in limbo.  read more

Gaming group CEO tapped for U.S. Chamber panel

American Gaming Association CEO Geoff Freeman was one of six business executives named by the U.S. Chamber of Commerce to its Association Committee of 100.  read more

Macau casino revenue dips record 23.2 percent in October

Macau's fifth straight monthly decline is also the largest single-month drop since American-owned casinos began operating in the market in 2004.  read more

Las Vegas locals gaming depends on Strip development

Genting could begin working on Resorts World Las Vegas, a $4 billion hotel-casino complex, in the coming weeks.  read more

Las Vegas embraces the great outdoors for entertainment

Whether it's a beer festival, country music concert or truck race on a dirt lot across from the Luxor on the Strip's south end, MGM and Caesars are among the landowners and event promoters using open space as outdoor venues.  read more

Cosmopolitan trims loss, grows revenue

The hotel-casino lost $15.3 million in the quarter that ended Sept. 30, compared with a $19.4 million loss in the same quarter a year ago.  read more

Pinnacle Entertainment plans to split off casinos into a REIT

If successful — Las Vegas-based Pinnacle said the process could take up to a year to complete — the company will become two publicly traded entities.  read more

POKER News

POKER

Negreanu, McClelland inducted into Poker HOF

Daniel Negreanu, who has more live tournament winnings than any other poker player, and industry veteran Jack McClelland were inducted into the Poker Hall of Fame during a ceremony at Binion's Gambling Hall in Las Vegas Sunday.  read more

EPT Prague set to kick off Dec. 7

The festival will feature 59 events, including a €50,000 Super High Roller, the highest buy-in live poker tournament ever held in the Czech Republic.  read more

SLOTS News

SLOTS

IGT sees profits rise despite revenue dip

The slot machine manufacturer's net income for the quarter was $70.9 million, compared with $64.5 million in the same quarter in 2013.  read more

The Reel Life: Wine 'em and dine 'em edition

It always staggers the Reel Life when anyone pays more than $10 for a bottle of wine. Anything more than $5 is pricey. Two Buck Chuck, anyone?  read more

Did You Know
Did You Know?
Tabcorp estimates that nearly 14 percent of online bets in Australia are taken by offshore operators, accounting for roughly $1 billion annually.
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Top-10 quotes from the Poker HOF induction ceremony
  1. It's déjà vu for McClelland
  2. Negreanu's mom would be proud
  3. McClelland's last conversation with Benny Binion
  4. Negreanu's business strategy
  5. McClelland's jab at Hellmuth
  6. Negreanu sees Balsbaugh's future
  7. McClelland's first career choice
  8. Negreanu's first trip to Vegas
  9. Stewart digs on Dalla
  10. Dalla talks politics with Brunson