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April 14, 2014

Casino City Times Weekly Newsletter
April 14, 2014

Latest From Our Strategy Experts

arrowJohn Grochowski: Tales told during shuffles

Tales told during shuffles
John Grochowski tells some of his favorite stories about conversations he's had with fellow gamblers during shuffle breaks at the casino.  read more
 

Featured Story

Borgata sues Phil Ivey for $9.6 million

By Howard Stutz
The Atlantic City casino has sued the professional poker player in federal court, alleging that Ivey won $9.6 million by cheating at high-stakes mini-baccarat through "edge sorting," which violates New Jersey casino gambling regulations.  read more		Borgata sues Phil Ivey for $9.6 million
 

CASINO News

CASINO

Casino City Gang: Following the money edition

The Gang discusses late registration and re-entries in poker tournaments, the possibility of casinos being forced to report on the source of gambling funds used by high rollers and the market for "simplified" betting in horse racing.  read more

S&P cites Caesars outlook as 'negative'

Standard & Poor's rating services lowered its corporate credit ratings on Caesars, painting a dire picture for the casino company that carries a gaming industry-high $23 billion in long-term debt.  read more

Casinos may be forced to divulge source of high roller funds

Word that the U.S. Treasury Department may soon require the casino industry to report the source of gambling funds used by their big-spending high rollers sent a few shock waves through corporate offices.  read more

CG Technology enters sports betting deal with Mexican casinos

CG will provide its sportsbook system for eight Mexican casinos operated by the Logrand Group.  read more

Las Vegas jury awards comedian George Wallace $1.3 million

Wallace was performing at a private party at the Bellagio when his Achilles tendon ruptured on Dec. 8, 2007. He claimed the Bellagio's negligence caused the injury.  read more

Spa Resort Casino player wins $215,000

Maine resident Richard Cosseboom hit the jackpot on a Wheel of Fortune slot to take home the massive sum.  read more

POKER News

POKER

Nadal, Selbst battle in heads-up match

Top-ranked tennis player Rafael Nadal lost to poker pro Vanessa Selbst in a charity heads-up match put on by PokerStars at Casino de Monte Carlo.  read more

Harrah's Philadelphia welcomes WSOP Circuit

The casino will host a World Series of Poker Circuit tournament series from Wednesday, April 16 through Monday, April 28.  read more

Irish Open begins April 18

The €2,250 no-limit Hold'em main event is estimated to generate a prizepool upwards of €100,000 in what has become the longest-running tournament in European history.  read more

SLOTS News

SLOTS

IGT makes major announcement

The slot machine manufacturer announced the company's first multistate progressive jackpot network, linking the games of two casino operators in Nevada and New Jersey.  read more

The Reel Life: Jellybean Milk edition

An Illinois dairy company has developed a low-fat milk with a Jellybean flavor. This cannot possibly end well.  read more

Did You Know
Did You Know?
IGT says its wide-area progressive networks have paid out nearly $6 billion in jackpots since the first network was created in 1986.
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Casino City fans wanted
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Top-10 reasons why Phil Ivey didn't cheat the Borgata
  1. Borgata agreed to Ivey's terms
  2. Casino wouldn't sue if they won
  3. He was still gambling
  4. Shame on the Borgata
  5. Motives are irrelevant
  6. No "cheating devices"
  7. Dealer didn't have to comply
  8. Ivey didn't mark the cards
  9. Borgata used faulty cards
  10. Casinos are responsible