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April 13, 2009

Casino City Times Weekly Newsletter
April 13, 2009

Latest From Our Strategy Experts

arrowFrank Scoblete: Beware of bad casino systems

Beware of bad casino systems
Scoblete admits that he is a believer in gambling systems because they do sometimes help minimize the casino house edge if they are proven and well thought out. But at the same time he warns that a bad or eccentric system will quickly send your bankroll into the drink.  read more
 

Featured Story

MGM Mirage puts Biloxi and Detroit resorts up for sale

By Howard Stutz
The casino operator has hired Morgan Stanley to evaluate sales offers for the MGM Grand Detroit (right) and the Beau Rivage in Biloxi. According to analysts, the sales could fetch between $1.5 and $2 billion to help the company resolve some of its $13.5 billion in debt and finance the $8.7-billion CityCenter in Las Vegas.  read more		MGM Mirage puts Biloxi and Detroit resorts up for sale
 

CASINO News

CASINO

Net gambling advocates may have to wait

Macquarie Securities gaming analyst Joel Simkins told investors not to bet the house on Internet gambling becoming legal anytime soon, despite the support of Rep. Barney Frank and a seemingly more friendly White House.  read more

Harrah's lowers debt by $2.3 billion

Gaming analysts are not sure the $2.3 billion reduction in debt will stave off bankruptcy court for the gaming giant.  read more

Wynn discusses family, economy in '60 Minutes' interview

Casino mogul Steve Wynn gave Americans a look into his life and work Sunday night during a “60 Minutes” interview with Charlie Rose.  read more

Expert: Recession will linger in Las Vegas

A UNLV economist said that Southern Nevada is in for its longest recession since the Great Depression after all 10 categories of the Southern Nevada Index of Leading Economic Indicators declined in March.  read more

Atlantic City posts another record decline

Casino revenue fell 19.4 percent, setting a record for the biggest monthly decline in Atlantic City's 31-year history of legalized gambling.  read more

Greektown Casino increases Detroit market share

The Detroit casino increased its market share for the second consecutive month from 23.5% in February to 25% in March.  read more

Delaware reliant on gambling

The state has become so dependent on the $203 million in reaps each year from legalized gambling that it could not pay its bills without the revenue.  read more

SLOTS News

SLOTS

Wisconsin woman turns a penny into a million

A retired Wisconsin woman won more than $1 million at a penny slot machine at Don Laughlin's Riverside Resort and Casino in Laughlin, Nevada last week.  read more

Atlantic City is banking on penny slots

Despite plummeting casino revenues, the take from penny slot machines and their 2-cent counterparts rose 8.4 percent last year.  read more

The Reel Life

The Reel Life has done some stupid things. Most of them revolve around the online slots. However, we have never reached the level of stupidity of a Florida woman who had a little bit of car trouble.  read more

POKER News

POKER

Son of Chip Reese dead at 20

Casey Reese, the 20-year-old son of late poker legend Chip Reese, was found dead Monday as a result of an apparent drug overdose. Phil Hellmuth was the first to let the poker community know via his Twitter account.  read more

Champion crowned in Sierra Poker Classic

Turkish-born Eric Yilmaz went wire-to-wire to win the Sierra Poker Classic and took home a first-place prize of $28,449  read more

Inaugural Crazy Pineapple world champion crowned

Tom Christopher, a 52-year-old from Las Vegas, won the inaugural “Crazy Pineapple World Championship” at the Sierra Poker Classic last week in Nevada.  read more

Did You Know
Did You Know?
Gaming revenue fell more than 18% overall in Nevada during February as compared to last year and more than 23% on the Las Vegas Strip.
Featured Game
Soccer Shot
The quarterfinals of the UEFA Champions League kicked off this week and many powerhouse club teams are still alive. If you want to kill some time in between matches, head over to Luck3 Casino and give its “Soccer Shot” game a try.

> More Soccer Shot Details
Casino City fans wanted
Casino City fans wanted
Please join us on Facebook by becoming a Casino City fan! It's a great way to meet fellow gamblers and learn more about what’s going on in gambling and at Casino City. In addition, we'll be developing and rolling out some neat Facebook applications in the coming months.

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Top-10 etiquette mistakes at the poker table
  1. Folding instead of checking
  2. Not knowing when to act
  3. Cell phone use
  4. Being rude to other players
  5. Excessive table talk
  6. Showing your cards
  7. Grabbing the chips
  8. Making string bets
  9. Eating at the table
  10. Splashing the pot