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August 12, 2013

Casino City Times Weekly Newsletter
August 12, 2013

Latest From Our Strategy Experts

arrowAl Krigman: It's OK not to play basic strategy sometimes

It's OK not to play basic strategy sometimes
Gaming expert Al Krigman explains that while you can never go wrong playing basic strategy in blackjack, there are a few situations where different plays are called for.  read more

Featured Story

Caesars offcially gives up on Macau

After six years of trying to break into the world's most lucrative gaming market, Caesars waved the white flag and sold its 175-acre golf course near the Cotai Strip for $438 million. The company said it would use the proceeds from the transaction, which it estimates to be $420 million, to pay down debt.  read more
Caesars offcially gives up on Macau



Fertitta creating Golden Nuggets

Tilman Fertitta is expanding his business empire through casino acquisition and development. By 2014, when his Lake Charles (Louisiana) casino is expected to open, Fertitta's Golden Nugget brand will include five casinos.  read more

Delaware doubles number of locations taking NFL bets

Parlay betting is now available at three casinos and 66 retail outlets.  read more

Nevada gaming regulator admits Macau is out of reach

Nevada's chief regulator, A.G. Burnett, acknowledges that organized crime sits just below the surface of Macau gambling operations. But he says the Nevada Gaming Control Board isn't in a position to untangle that maze.  read more

Nevada gaming revenues fell in June

Nevada casinos collected almost $792.5 million from gamblers in June. That's a 4.81 percent decline from the same month last year. On the Strip, gaming revenues fell 10.1 percent in June to $434.7 million.  read more

Wynn Resort project sets off squabble in Massachusetts

The mayor of Everett, Mass., which would house the Wynn casino, has accused Boston's mayor of trying to "bully" officials into lining up behind Caesars' bid to build a casino in Boston.  read more

Adelson's hotel rate rant surprised Murren

MGM Mirage Chairman and CEO Jim Murren said his company and Caesars might have a better understanding of how Las Vegas works these days than does Sheldon Adelson.  read more

MGM seeks new home for 9/11 memorial

MGM Resorts is working with first responders to find a new home for the memorial while New York-New York undergoes construction.  read more

MGM Resorts narrows second-quarter net loss

The casino operator, which controls 10 Strip resorts, said it lost $92.9 million, or 19 cents a share, in the quarter that ended June 30.  read more

Station Casinos sees double-digit growth in profits

The company's profits rose 11 percent in the second quarter.  read more

Global Cash Access posts quarterly profit

GCA posted a profit of $6.67 million in the second quarter, compared with $6.86 million last year.  read more



IGT laughing all the way to bank over DoubleDown Casino acquisition

IGT credited its social gaming products for increasing the company’s third-quarter earnings and profits.  read more

The Reel Life: Learn how to propose edition

A hoax at a minor league baseball game has become a very instructive lesson on how not to propose marriage to someone. Everyone needs to learn this lesson.  read more



M Resort closes 14-table poker room

The casino still plans to host poker events like the Hollywood Poker Open that was held at the end of June.  read more

Did You Know
Did You Know?
Slot revenue on the Las Vegas Strip increased in April, May and June. Accroding to gaming analyst David Bain, that's a sign that midlevel customers are returing to Strip casinos.
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