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May 14, 2012

Casino City Times Weekly Newsletter
May 14, 2012

Latest From Our Strategy Experts

arrowMark Pilarski: Deal Me In: Partial-pay machines

Deal Me In: Partial-pay machines
Pilarski explains the difference between full-pay and partial-pay machines, and how that affects video poker strategy. He also looks at the optimal strategy for slots tournaments.  read more
 

Featured Story

WSOP prep: Tax implications of staking/profit-sharing agreements

By Aaron Todd
With the World Series of Poker right around the corner, players need to know what the tax implications of a win will be, especially if they plan on splitting their prize with someone else. Casino City's Aaron Todd discusses the issue with tax attorney Brad Polizzano and discovers some interesting information.  read more		WSOP prep: Tax implications of staking/profit-sharing agreements
 

CASINO News

CASINO

Nevada gaming revenues down nearly 11 percent in March

The decline comes after two months of gains and analysts are hopeful this is just a blip on the radar.  read more

Horseshoe-branded casino opens in Ohio

The Horseshoe Casino Cleveland, which will be operated by Caesars Entertainment under a management contract, is Ohio's first casino and one of four full-service casinos approved by voters in 2009.  read more

Wynn suspends plans for $1 billion Massachusetts casino

Wynn's exit paves the way for Caesars' Suffolk Downs casino-resort proposal to obtain the one license being granted for the Boston area.  read more

The Cosmopolitan posts smaller first-quarter loss

The Cosmopolitan lost $23.4 million, compared with $56.8 million last year, when the resort was in its first quarter of operations.  read more

Loveman says Caesars in broad expansion

The company's CEO says it may sell more casinos in competitive markets to finance new casinos in less competitive markets. The statement came on the heels of Caesars' sale of Harrah's St. Louis and prior to the opening of a Caesars-operated casino in Cleveland.  read more

Southland Park upgrades to the tune of $11 million

A surge of new customers prompted both the renovations and staying open 24 hours a day.  read more

Heard It on the River: Glitz on the Mississippi

Rudi Schiffer looks at the replacement for the Lighthouse Casino and Jubilee Casino in Mississippi and announces his radio show is moving to a new station.  read more

Wynn Resorts sees quarterly profits drop

Wynn Resorts' net income was $140.6 million, or $1.23 per share, while a year ago the company's net income was $173.8 million, or $1.39 per share.  read more

Caesars selling St. Louis property to Penn National

In separate statements, Las Vegas-based Caesars and Penn National gave differing reasons for the all-cash transaction, which could close later this year.  read more

bwin.party, UAIC ink online poker deal

bwin.party and the United Auburn Indian Community (UAIC) have entered into a formal agreement to offer online poker services in California if suitable intrastate legislation is enacted in the state.  read more

SLOTS News

SLOTS

The Reel Life

The Reel Life is hoping our 15 minutes of fame comes because of a big win in the online slots, not because we're trying to get on TV for committing a felony.  read more

POKER News

POKER

Casino City Gang: Cornucopia edition

Casino City's Vin Narayanan and Aaron Todd discuss whether the WSOP's $1 million Big One for One Drop will hit the 48-player cap, whether an unregulated online poker room can succeed in the U.S., how casinos can gain local support, and the state of horse racing.  read more

World Series of Poker expects record prize pool

Series officials hope this summer's prize pool will exceed $200 million, fueled in part by the $1 million buy-in Big One for One Drop tournament.  read more

Did You Know
Did You Know?
The new Horseshoe Casino Cleveland has a 400-seat buffet in its basement, according to the Cleveland Plain Dealer.
Featured Game
Captain America
Movie-goers are eating up "The Avengers," and there are plenty of online slots that will keep you in the superhero mode. One of the simplest is Captain America, a five-reel, 25-payline slot that features a fun bonus game.

> More Captain America Details
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Casino City fans wanted
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Top-10 things to remember while betting on the Preakness
  1. Have fun
  2. Went the Day Well
  3. Bodemeister
  4. I'll Have Another
  5. Travel schedule
  6. Traffic
  7. Speed bias
  8. Weather
  9. Shortest distance
  10. Derby Preakness double