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May 12, 2014

Casino City Times Weekly Newsletter
May 12, 2014

Latest From Our Strategy Experts

arrowJohn Grochowski: My wild roulette streak

My wild roulette streak
Gaming guru John Grochowski remembers a lucky roulette streak he once had, in which he won a split bet three times in a row at a family birthday party.  read more

Featured Story

Gaming board bans casino licensees from medical marijuana trade

In an industry notice, Nevada State Gaming Control Board member Terry Johnson said the board believes that licensees involved in marijuana trade would reflect poorly on the state of Nevada and therefore should not be allowed. (Image by flickr user "eggrole" used under Creative Commons license 2.0.)  read more
Gaming board bans casino licensees from medical marijuana trade



Casino City Gang: Protecting ecosystems edition

The Gang discusses how online poker rooms can improve their "ecology," why Las Vegas is growing while other markets are contracting and a New Jersey woman who claims her $10,000 online gambling losses are due to identity theft.  read more

Genting Strip project may house studio tour-type theme park

The Genting Group is proposing to build a $4 billion resort with 3,000 hotel rooms and a casino with a combined 3,500 slot machines and table games. The studio tour would be an additional attraction at the resort.  read more

Affinity Gaming reports second data breach

Affinity, which operates 11 casinos in four states including the off-Strip Silver Sevens and the three Primm resorts, said it currently has "no evidence to indicate that information was stolen."  read more

Caesars restructures debt to avoid $1 billion in 2015 payments

The company plans to raise $1.75 billion in new debt that will have longer maturity dates, with the proceeds used to pay the 2015 figure.  read more

Caesars sees quarterly net loss increase 78 percent

The company lost $386.4 million in the quarter that ended March 31, compared to the $217.6 million it lost in the same three-month period a year ago.  read more

Station Casinos posts best first quarter since 2009

The company reported net income of $15.3 million, versus a net loss of $140.8 million in the same quarter a year ago.  read more

Las Vegas casino icon Burton Cohen dies

Cohen, 90, managed the now-demolished Desert Inn on three separate occasions and also held management positions at the Flamingo, Caesars Palace, Thunderbird and Dunes.  read more

Arizona native wins $333,938 Pai Gow Poker jackpot

Lynne B. was at the table at Silver Legacy Resort Casino for 20 minutes before winning the jackpot with a seven-card straight flush.  read more



Clark County delays action on slot parlor rules

The county's inability to define when gaming is "incidental" to other operations has created a situation where tavern owners fear being driven out of business.  read more

Stutz: Investors are not impressed with IGT

In April, the company reported a 66 percent decline in earnings and a 15 percent decline in net revenue for the second quarter. A month earlier, IGT said it was laying off 7 percent of its global workforce to save costs.  read more

The Reel Life: Human chain edition

In Iowa, 400 people formed a human chain to move 3,000 books from an old library to a new one. Now we just need to translate this idea to delivering sandwiches in a more timely fashion.  read more



Lee celebrates radio show's anniversary

Poker pro Bernard Lee will celebrate the seventh anniversary of The Bernard Lee Poker Show this summer with interviews with four past WSOP Main Event champions.  read more

WSOP's BIG ONE for ONE DROP expands TV coverage

ESPN will produce multi-day coverage of the $1 million buy-in event that will result in prime-time episodes in three consecutive weeks.  read more

Dover Downs to host Delaware Poker Championship IV

The tournament, which last year featured a prize pool of $108,150, will begin Saturday, Aug. 30 at 11 a.m.  read more

Did You Know
Did You Know?
Thunder Valley Casino Resort (Calif.) gave away $13,498,069 in jackpots in March, more than any month since May 2008.
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