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February 2, 2015

Casino City Times Weekly Newsletter
February 2, 2015

Latest From Our Strategy Experts

arrowFrank Scoblete: Slots, snits and nitwits

Slots, snits and nitwits
Gaming guru Frank Scoblete gives some advice to a few readers who are annoyed with their fellow casino patrons, like the guy at the blackjack table who tells other players what to do.  read more

Featured Story

WSOP announces Main Event payout changes

The World Series of Poker has made a change to its payout structure for the 2015 Main Event, replacing the $10 million first place guarantee in favor of guaranteeing money for the top 1,000 players.  read more
WSOP announces Main Event payout changes



Adelson defends struggling Macau

Las Vegas Sands Chairman Sheldon Adelson believes the company's business in Macau is about more than just gaming, and remains optimistic despite the market's struggles since June of 2014.  read more

Las Vegas Strip revenue retreats slightly in 2014

Gaming revenue collected by casinos ended a four-year upswing last year as the state's largest industry continued its recovery from the recession.  read more

Las Vegas tourism chief's new goal: 45 million visitors

Rossi Ralenkotter, president and CEO of the organization that markets the city, told an audience at Preview 2015 on Friday that he expects to hit that benchmark "within the next few years."  read more

McCain calls for hearings on expanded sports betting

Sen. John McCain (R-Ariz.) said he favors allowing states that sponsor legalized gambling to accept sports bets as well, and would extend the invitation to Indian tribes that operate casinos.  read more

Will falling gas prices and rising consumer confidence help regional casinos?

Whether this translates into more dollars in casino drop boxes is still up for debate.  read more

Industry wants AG nominee questioned on illegal betting

American Gaming Association CEO Geoff Freeman is pushing the Senate to explore Loretta Lynch's views on illegal gambling before it votes on her nomination to become attorney general.  read more

Judge's ruling on Chicago court seen as win for Caesars

A bankruptcy judge's ruling that allows the case to proceed in Chicago is considered a victory for the company and its private equity backers, Apollo Global Management and TPG Capital.  read more

Golden Gaming to acquire Maryland casino

The company is merging with Minnesota-based Lakes Entertainment and will retain ownership of the Rocky Gap Casino Resort.  read more

One-time charge hurts Penn National fourth quarter results

Penn National said its net loss of $250.4 million for the quarter that ended Dec. 31 was primarily due to a $316.5 million non-cash charge.  read more

Burnett, Reid reappointed to Gaming Control Board

Nevada State Gaming Control Board Chairman A.G. Burnett and Member Shawn Reid were appointed to new four-year terms.  read more



Scientific Games moving HQ to Las Vegas

The company, currently headquartered in New York, says it plans to establish its primary U.S. manufacturing operations at new facilities acquired in the $5.1 billion buyout of Bally Technologies.  read more

Independent proxy advisory firms said to back IGT buyout

Institutional Shareholder Services Inc., Glass Lewis and Egan-Jones all recommended IGT shareholder support the merger agreement at the Feb. 10 special meeting.  read more

IGT reports revenue, earnings down in first quarter

The company's net income for the quarter fell 56 percent from a year ago, despite posting double-digit increases in its social gaming business.  read more

The Reel Life: Hipsters invading Buffalo edition

According to census data, the number of college graduates aged 25-34 living in Buffalo jumped 34 percent from 2000 to 2012. The hipsters are assembling, and they're doing it in Upstate New York.  read more



WSOP releases 2015 schedule

The 46th annual World Series of Poker officially puts cards in the air, Wednesday, May 27, 2015, with nearly $200 million in prize money up for grabs, and several new events and changes in store – including a huge increase in starting chips.  read more

Casino City Gang: Block and tackle edition

Casino City's Dan Podheiser, Vin Narayanan and Aaron Todd discuss big news from the U.K., where major ISPs have begun to automatically block online gaming sites. They then tackle the WSOP's decision to change the payout structure for the Main Event and late-night food options in Las Vegas.  read more

Did You Know
Did You Know?
Russia is establishing a new online gaming payment processing portal that will make it impossible for players to fund accounts with illegal operators.
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Miles Bellhouse and his Curious Machine
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