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August 13, 2012
Casino City Times Weekly Newsletter
August 13, 2012 Latest From Our Strategy Experts | | Grochowski explains why casinos can adjust pay tables -- and not the game -- in video poker and tells players to stay away from a truly awful betting system.
read more | | Featured StoryBy Chris Sieroty Cantor Gaming, which operates several sportsbooks in Nevada including ones at the Palms and the Venetian, is now offering online sports betting within Nevada's borders. All you need is a Cantor account and a Wi-Fi connection.
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 | Casino City's Vin Narayanan and Aaron Todd discuss real-money online gambling launching on Facebook in the U.K., the major sports leagues suing New Jersey over sports betting and what it takes to live in Las Vegas.
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Nevada casinos collected $832.5 million from gamblers in June, compared with $885.8 million in June 2011, according to figures released Thursday by the state's Gaming Control Board.
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The Strip property, which will open a new nightclub, beach club and restaurants next month, said the quarterly loss was an improvement from the $9.4 million loss in the same period last year.
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MGM lost $145.5 million in the second quarter. But Jim Murren told investors last week that with a cash balance of $1.7 billion, MGM was in a "favorable place."
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Caesars says it remains optimistic with various expansion opportunities on tap, including potential casinos in Maryland and Massachusetts, and the $500 million nongaming Project Linq development to open on the Strip in 2013.
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Bally's signature tribute show, Legends In Concert, features artists performing as Elvis Presley, Michael Jackson, Donna Summer and Steven Tyler.
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 | The company said last week net revenues for the quarter were $195.9 million, a decline of 3.5 percent.
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The Bingo Friendzy application is run by Gamesys, which owns and operates Jackpotjoy, and is restricted to players in the U.K. Gamesys also operates Sun Bingo and Caesars Casino.
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If the Reel Life learned one thing this week, it's not to cross a Vermonter who comes from a farming family.
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 | Regulators give casino tentative approval to operate an online poker room accessible only within Nevada. The site could begin testing real-money play in October.
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The World Series of Poker is now a year-round extravaganza, not just the annual seven-week series at the Rio that has grown from its humble beginnings to a multi-million-dollar event.
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The World Series of Poker's 2012-13 circuit will now make a stop in Connecticut next spring.
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Prairie Meadows Racetrack and Casino paid $89,231 on Aug. 4 and another $55,968 on Aug. 8.
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Did You Know?
19.93 million people visited Las Vegas through June, up 2.4 percent from 2011's six-month total. -- GamingWire
Featured Game There's been plenty of excitement in London over the past two weeks, and if you're looking for that gold-winning experience at the online slots, head to Slots Jungle Casino and give Medal Tally a spin. > More Medal Tally DetailsCasino City fans wantedPlease 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. > Become a fan Top-10 moments in online poker history - Chris Moneymaker wins the WSOP Main Event
- Full Tilt Poker's license revoked by Alderney
- Black Friday
- UIGEA passes
- Neteller indictments
- PokerStars settlement with DOJ
- Planet Poker opens for business
- PokerStars holds first Sunday Million
- Rush Poker launched
- First WRGPT e-mail poker tournament held
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John Grochowski: 