Casino City Times - Weekly Newsletter 16 May 2011

Casino City Times Weekly Newsletter

May 16, 2011

Latest From Our Strategy Experts

Alan Krigman: Would you pay $0.25 per round up-front to play $2 blackjack?

Krigman explains why Resorts Casino in Atlantic City's $0.25 fee on blackjack wagers of $2 turns the odds for the game from about 1 percent house edge to one with a 13.5 percent edge. read more

Bill Burton:
Chasing a dream
Frank Scoblete:
Confession time about comps
John Grochowski:
When to play progressive video poker

Bill Burton:
Chasing a dream
Frank Scoblete:
Confession time about comps
John Grochowski:
When to play progressive video poker

Featured Story

Sahara offers last goodbyes after nearly 60 years

By Howard Stutz

The Sahara's final guest checks out at around noon on Monday. The nearly 60-year-old Strip resort will cease operations two hours later, a victim of both the recession and of progress. read more

CASINO News

	Sahara employees to receive severance pay Monday's closing of the Sahara will put almost 400 employees out of work. SBE Entertainment is providing Sahara workers with severance pay based on years of service. read more
Closure doesn't sadden Sahara's former owner Paul Lowden reminisces about his time running the iconic Vegas strip casino, and plans one last dinner at its famous House of Lords steakhouse. read more
Motions fly in Station Casinos bankruptcy Attorneys for Green Valley Ranch Gaming said creditors who are challenging the $500 million sale of the Green Valley Ranch Resort should be removed from the case's unsecured creditors committee. read more
Parent of Stratosphere, Arizona Charlie's reports loss American Casino & Entertainment Properties, owner of the Stratosphere, posted a $6.2 million loss and a moderate decline in revenues last quarter. read more
Despite strong bookings, Cosmopolitan sees quarterly loss Despite a high occupancy rate, the newest resort on the Strip reported a $56.8 million loss in the first quarter of 2011. read more
Hong Kong IPO looks promising for MGM A stock offering by MGM Resorts International on the Hong Kong Stock Exchange is close to fruition, and it turns out the nearly 18-month wait could be profitable. read more
Public hearing to be held for SugarHouse Casino license renewal A hearing in June will gather evidence, including public comment, on the renewal of the slot machine operators' license for the SugarHouse Casino. read more
Blackjack player takes Tropicana for nearly $6 million One high rolling blackjack player relieved the Tropicana in Atlantic City of $5.8 million in April. read more
Ohio governor proposes controversial gaming tax Gov. John Kasich supports a commercial activity tax, which could stall construction of four casinos approved by voters in the Buckeye State. read more

SLOTS News

	Caesars to introduce The Hangover slot machine Caesars Entertainment will introduce IGT's The Hangover Slots to the casino floor of 37 Caesars' properties this summer. read more
Player wins over $1 million at California casino A California retiree won $1,127,123 on the Super Spin Wheel of Fortune at Fantasy Springs Resort Casino in Indio. read more
The Reel Life always brings a bag Bank robberies provide important fodder for The Reel Life. Thankfully, there are plenty of dumb bank robbers, and they can usually be found in Florida. read more

POKER News

	WSOP optimistic for this year's event World Series of Poker officials say the federal government's crackdown on PokerStars, Full Tilt Poker and Absolute Poker won't hurt participation in this year's tournament. read more
Gaming industry renews push for legal online poker Top gaming industry executives launched a lobbying push Tuesday to persuade Congress to legalize Internet poker. read more
Casino City Gang: $5.8 million reasons to listen The Gang discusses the latest from Absolute Poker, the World Series of Poker, the push by the AGA to create regulation for Internet poker, a major winner at Atlantic City and make their best bets. read more
WSOP to stream 55 gold bracelet events The World Series of Poker is offering fans the chance to watch final table action of 55 gold bracelet events on a five-minute delay via the Internet. read more

Did You Know?
The Sahara opened its doors on October 7, 1952, and the 1960 version of the movie Ocean's Eleven was filmed at the iconic strip location.

Featured Game

The Preakness will kick off this Saturday, and Animal Kingdom will be in pursuit of the elusive horse racing Triple Crown. If you have a case of horse fever that you can't cure, head to bet365 Casino and try out "Frankie Dettori's Magic Seven" slot machine.

> More Frankie Dettori's Magic Seven Details

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Top-10 takeaways from the AGA's "State of the States"

Casinos produce big revenues
Competition draws gamblers away
AC's downward trend continues
Casino-goers don't just gamble
Most budget less than $200/day
Slots are number one
Sports bettors don't lose much
Lottery is the most popular
Acceptability shifts in recession
Racetracks continue to thrive

> Find out why these takeaways made the list

Casino City Times Weekly Newsletter May 16, 2011

Latest From Our Strategy Experts

Alan Krigman: Would you pay $0.25 per round up-front to play $2 blackjack?

Bill Burton:

Frank Scoblete:

John Grochowski:

Bill Burton:

Frank Scoblete:

John Grochowski:

Featured Story

Casino City Times Weekly Newsletter
May 16, 2011