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December 22, 2014

Casino City Times Weekly Newsletter
December 22, 2014

Latest From Our Strategy Experts

arrowFrank Scoblete: The high and the mighty

The high and the mighty
Gaming guru Frank Scoblete responds to a reader who claims that Scoblete never admits to making a mistake. But as Scoblete points out, he's made just about every mistake in the book.  read more

Featured Story

Former UNLV star scores with new baccarat game

A new baccarat game, created by former UNLV basketball player Bobby Florence, has developed a solid fan base at the Gold Coast Hotel and Casino. The game features an interesting side bet and now has a permanent spot on the casino floor. (Photo by John Phelan, used under the Creative Commons Attribution 3.0 Unported licensed)  read more
Former UNLV star scores with new baccarat game



Caesars Entertainment's main unit to file for bankruptcy in January

The main operating unit of Caesars Entertainment said Friday that it plans to file for Chapter 11 bankruptcy protection in January to slash its debt by more than half.  read more

Regulators OK Cosmopolitan sale

The Nevada Gaming Commission Thursday signed off on the $1.73 billion purchase of the Strip resort by Blackstone Real Estate Partners VII, a division of New York City-based Blackstone Group.  read more

Gaming exec McBeath tapped as new CEO of Cosmopolitan

Bill McBeath will take over the Las Vegas Strip property.  read more

Judge set to rule on evidence admissibility in World Cup case

Lawyers for wealthy Malaysian businessman Paul Phua and his son, Darren Phua, are seeking to get evidence seized in a July 9 raid of luxury Caesars Palace villas tossed out of court.  read more

Caesars security discovered World Cup betting room before feds

A top casino security officer testified last week that his internal investigation led to an FBI raid on an alleged World Cup betting scheme operating out of luxury Caesars Palace villas.  read more

Casino City Gang: New York (casino) state of mind edition

Casino City's Vin Narayanan and Aaron Todd discuss the three sites in New York that won the right to pursue a casino license, what casinos should do if people use money they've stolen to gamble and what they're looking for in a good gambling movie.  read more

Regulators approve GCA buyout of Multimedia Games

The $1.2 billion buyout of slot machine maker Multimedia Games by Global Cash Access was approved Thursday by the Nevada Gaming Commission, which allowed the transaction to clear its final regulatory hurdle.  read more

Nazarian issues apologies, regulators grant limited license

Sam Nazarian said he was sorry for past dealings with Derrick Armstrong, a convicted felon from Los Angeles who allegedly extorted $3 million from him by threatening his family and SBE employees.  read more

Inside Gaming: Rough times in Macau

Even after six consecutive monthly gaming revenue declines, Macau is still not close to hitting bottom.  read more

New York awards three casino licenses; Caesars rejected

The decision by New York's Gaming Facility Location Board marks the end of a lengthy review process and is the latest step toward expanding gambling in the state.  read more



Lee's Full House Charity Program gives holiday gifts to 75 kids

Christmas will be a little more merry in Lawrence, Mass., this year, thanks to poker player Bernard Lee, who donated holiday packages to more than 75 children.  read more



The Reel Life: Million-mummy march edition

A million people is a lot of people. A million mummies is a lot of terrifying.  read more

Did You Know
Did You Know?
Ireland's plan to impose a 1 percent tax on citizens making bets online or over the phone has been delayed into 2015, according to Reuters.
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