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November 12, 2012

Casino City Times Weekly Newsletter
November 12, 2012

Latest From Our Strategy Experts

arrowJohn Grochowski: Deviating from basic strategy

Deviating from basic strategy
Gaming expert John Grochowski explains why there are some circumstances in blackjack where deviating from basic strategy is the correct play, no matter what the other players at your table think.  read more

Featured Story

Wynn Resorts to bid for casino in Philadelphia

Casino mogul Steve Wynn wants to build a 150,000-square-foot casino with 900 slot machines, 100 table games and a 300-room hotel on about 60 acres of waterfront property, a company spokesman confirmed Thursday. Wynn had proposed building a $600 million casino in Philadelphia in 2010 before pulling out.  read more
Wynn Resorts to bid for casino in Philadelphia



Casino City Gang podcast: It's arithmetic edition

Vin Narayanan and Aaron Todd discuss the casino initiatives that passed in Maryland and Rhode Island, the top NFL betting trends, the weird Florida betting ring that focused on youth football and how betting exchanges and online sports books viewed the U.S. presidential election.  read more

Maryland voters OK new casino

After enduring a $90 million fight, Maryland residents voted to build a new casino near Washington and add table games to the state's casinos.  read more

Maryland vote dismays casino operator Penn National

After investing more than $42 million into a failed effort to defeat Question 7, which allows the state to add a sixth casino near Washington, Penn National is expected to bid on the gaming license in January.  read more

Casino execs fail miserably in political forays

Howard Stutz examines the dismal efforts of Seldon Adelson, Steve Wynn, Donald Trump and Peter Carlino to affect this year's elections.  read more

Toronto might be next battleground for gambling companies

A resort complex featuring a hotel, casino, convention space and other entertainment amenities in the heart of Toronto could stimulate the economy of Canada's largest city.  read more

Murren signs new contract agreement with MGM Resorts

MGM Resorts International Chairman and CEO Jim Murren signed a new employment agreement with the Strip casino giant that keeps him in his current position through 2016.  read more

Football tops baccarat as Nevada gaming revenues rise

Statewide, casinos collected $892.7 million in gaming revenues in September, a 3.3 percent increase compared to the same month a year ago according to figures released Thursday by the Gaming Control Board.  read more

The Cosmopolitan posts smaller third-quarter loss

In a quarterly earnings report, the Cosmopolitan of Las Vegas posted a third-quarter loss of $34.3 million, a significant decrease from the $58.4 million loss reported in the third quarter of last year.  read more

Ex-Cantor executive to plead not guilty, attorney says

Michael Cristalli, a Las Vegas-based lawyer, declined to comment on the charges against his client, Mike Colbert.  read more

Greyhound starts new, faster runs between Las Vegas, L.A.

The longtime carrier already dominates the market with as many as a dozen trips a day, more than the rest of its competitors combined. Five of the trips have been designated as express, with two more added on Fridays and Sundays.  read more



Jackson Rancheria Casino pays out more than $134 million

Jackson Rancheria Casino Resort's slots paid out more than $134.4 million during October.  read more

The Reel Life: Riding under the influence edition

The Reel Life has said it a million times: Don't drink and drive. But apparently we have to add "Don't drink and ride" to our list of banned activities, after a Florida took operating under the influence to a new level.  read more



WPT announces 2013 tournament schedule

The New Year starts with a return visit to the Borgata in Atlantic City for the $3,500 WPT Borgata Winter Poker Open.  read more

San Diego poker player wins Pala's Hallo-Weekend tournament

Alan Ho took home $6,558 from a $21,000-plus prize pool.  read more

Did You Know
Did You Know?
Six groups, including Steve Wynn's Wynn Resorts, have expressed interest in competing for Philadelphia's second casino license.
-- Philadelphia Inquirer
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