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December 22, 2008

Casino City Times Weekly Newsletter
December 22, 2008

Latest From Our Strategy Experts

arrowJohn Robison: How to improve payback percentages

How to improve payback percentages
Robinson explains that while the number of coins someone plays at a slot machine has no influence on the symbols that land on the payline, it can have an affect on long-term payback percentages.  read more
 

Featured Story

Steve Wynn's Encore resort enjoys grand opening

By Howard Stutz
In the midst of an economy that has caused casino revenues to plummet, the $2.3-billion resort opened its doors Monday night on the Las Vegas Strip directly next to Wynn, its sister casino. Encore features more than 2,000 rooms, 11 retail outlets, a nightclub and five restaurants, including one that honors Frank Sinatra.  read more		Steve Wynn's Encore resort enjoys grand opening
 

CASINO News

CASINO

Six more plead guilty in AC sports gambling ring

Group was part of the gambling ring that was running out of the Borgata Casino and was busted by authorities in 2007. In exchange for their guilty pleas, the men will receive probation and as many as 364 days in jail.  read more

Las Vegas New Year's Eve plans announced

This year's events will take on a theme called "Takin' it to the Streets" with fireworks that will be fired from ground locations mainly on the Strip.  read more

Kansas' first state-owned casino begins construction

Butler National Corp. began construction this week on the Boot Hill Casino and Resort in Dodge City.  read more

40 percent of employees would accept Mashantucket buyout

More than 250 workers at Foxwoods Resort Casino and MGM Grand at Foxwoods indicated they would accept the severance package offered two weeks ago.  read more

Mississippi Coast casino revenue down for third straight month

November revenue was down 7.6% compared to the same month last year.  read more

CityCenter to begin hiring process

On Jan. 5, MGM Mirage expects to receive more than 100,000 applications for the 12,000 jobs the $9.1-billion project is expected to create.  read more

English-only rule sparks debate in Saskatchewan casinos

Two casinos in usually bilingual Canada have decided that once cards have been dealt, the only language allowed at the table is English.  read more

SLOTS News

SLOTS

Slot revenues fall in Connecticut again

Foxwoods and Mohegan Sun both posted declines in slot revenues for November, but the losses were significantly less than those reported by Atlantic City last week.  read more

The Reel Life

The Reel Life doesn't need or condone performance-enhancing drugs, but one chess grandmaster might disagree.  read more

Player wins big at Saratoga

A Schenectady County resident won more than $42,000 on the new Slingo Classic Bonus game at Saratoga Gaming and Raceway earlier this month.  read more

POKER News

POKER

Hellmuth loses hand, but UB ships him the pot

UltimateBet is facing new questions about the integrity of its software after it paid out Phil Hellmuth with the losing hand instead of the player with the winning hand.  read more

Chino Rheem wins first WPT title

The 2008 WSOP Main Event final tableist outlasted a field of 497 to win the WPT Doyle Brunson Five Diamond Poker Classic and take home more than $1.5 million.  read more

Fox Sports Net to start airing WPT Season VII next month

Hosts Mike Sexton and Vince Van Patten return for the first of 26 episodes on Jan. 4 on FSN. The new season will feature a one-hour, two-part format.  read more

Did You Know
Did You Know?
The 3.6 inches that fell at McCarran International Airport in Las Vegas last week marked the biggest December snowfall on record and the most for any month since 1979.
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Movie Magic
With the Golden Globes and Oscars right around the corner, take a trip down the red carpet with "Movie Magic" at VIP Slots.

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Top-10 casino-industry stories from 2008
  1. Economic crisis hits casino industry
  2. WSOP announces final table delay
  3. Atlantic City smoking ban
  4. Excalibur goes all-electronic
  5. MGM Grand at Foxwoods opens
  6. Death of "Lefty" Rosenthal
  7. Fire at the Monte Carlo
  8. Opening of Encore
  9. The Palazzo grand opening
  10. Expansion of WSOPE