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March 16, 2015

Casino City Times Weekly Newsletter
March 16, 2015

Latest From Our Strategy Experts

arrowJohn Grochowski: Quit while you're ahead

Quit while you're ahead
Gaming guru John Grochowski quells the notion that if casino players always quit while they were up money, they'd always beat the house. As Grochowski notes, you won't always have the chance to quit while you're ahead.  read more

Featured Story

Is the Chinese government sabotaging Macau?

A government-imposed crackdown on corruption has directly resulted in nine straight months of casino revenue declines in Macau. And more government intervention is on the way. Proposed visa restrictions may limit the number of times mainland Chinese residents could visit Macau, and a full casinowide smoking ban is coming.  read more
Is the Chinese government sabotaging Macau?



Casino City Gang: It takes skill edition

The Gang discusses the most interesting real-money skill games on the Internet, whether it's ever okay to remove the guarantee from a poker tournament and the IRS looking to lower the threshold for taxing casino winnings.  read more

Lower trigger for jackpots seen as costly for casinos

The IRS's suggestion to reduce the tax threshold from $1,200 to $600 on jackpots for slot machines, keno and table games could cost individual casinos roughly $530,000 per year, according to one Wall Street gaming analyst.  read more

Gloves set to come off in Wynn proxy fight

Less than a week after being removed from consideration for another term as a member Wynn Resorts board, Elaine Wynn announced she was undertaking a costly and potentially nasty proxy fight to retain her seat.  read more

Sands taps executive from Bahamas to oversee Strip resorts

The company recently named George Markantonis as president and chief operation officer of The Venetian, Palazzo and Sands Expo & Convention Center.  read more

Hedge fund says bid for Pinnacle real estate too low

Orange Capital, which owns 5.9 percent of Pinnacle, said the offer from Gaming and Leisure Properties to acquire the real estate associated with Pinnacle's 15 regional casinos "dramatically undervalues" the company.  read more

Caesars dealing with lost pension payments

The company is "looking seriously" at the issue surrounding retired company employees who lost their pension checks because of Caesars' Chapter 11 bankruptcy filing.  read more

Golden Nugget to mark $6.5 million convention center upgrade

The casino will hold a ceremony to celebrate its newly renovated convention space, which includes new flooring, lighting and wall coverings along with upgraded technology.  read more

Riviera to close May 4 at noon

The hotel-casino was recently sold to the Las Vegas Convention and Visitors Authority for $191 million.  read more

Strip resorts president to retire in April

Renée West, president of the Luxur and Excalibur and the first woman ever named president of a Strip resort, will retire in April.  read more



Game developer sues IGT

New York-based High 5 Games says IGT used its licensed game features on some of the manufacturer's more popular slot machines without paying royalties.  read more

Bally transaction plays a part in Scientific Games net loss

Scientific Games lost $47.1 million in the fourth quarter of 2014. The company says pretax charges and items related to its $5.1 billion acquisition of Bally Technologies contributed $75.8 million toward the net loss.  read more

The Reel Life: Donut dog edition

Here at the Reel Life, we make it a point to keep our readers up to date on the latest in disgusting fast food and slots information. It's really a passion of ours.  read more

Did You Know
Did You Know?
Sen. Lindsey Graham (R-S.C.), one of the leaders behind the Restoration of America's Wire Act (RAWA), which aims to ban online gaming at the federal level in the U.S., has never sent an e-mail.
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Game of Thrones
Watch our video review of the Game of Thrones slot, and find out how to pledge allegiance to the house of your choosing.

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