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February 23, 2009

Casino City Times Weekly Newsletter
February 23, 2009

Latest From Our Strategy Experts

arrowJohn Robison: Do slots hit less frequently on free play?

Do slots hit less frequently on free play?
When a reader points out that his "free play" allowance always disappears in rapid fashion, Robison suggests that it's simply a case of the player using selective memory when it comes to wins and losses.  read more

Featured Story

Harrah's hit with class-action lawsuit over debt plan

The casino giant was sued last month in U.S. District Court in Delaware by two bondholders who made the claim that a recent debt-exchange deal benefited some of Harrah's big corporate bondholders and that the company is "on the verge of bankruptcy, debt default and other events of insolvency."  read more
Harrah's hit with class-action lawsuit over debt plan



Hard Rock project thriving despite economy

The Hard Rock Hotel's $760-million expansion in Las Vegas is capitalizing on the slowing construction industry by hiring some of the best construction workers and plans are in motion to open some components ahead of schedule.  read more

Gambling slump taking toll on big-name companies

A British gaming adviser said that the 50 largest gaming companies in the world lost a combined $140 billion in the last year.  read more

CityCenter starts accepting hotel reservations

Two properties inside the $9.1-billion project on the Las Vegas Strip will begin booking rooms next week in anticipation of opening later this year.  read more

Analysts: Three A.C. casinos in danger of folding

The recession could force three of Atlantic City's casinos out of business in the next few years.  read more

Card-counting iPhone application sees sales spike

A blackjack card-counting application has seen sales skyrocket despite the fact using the device is illegal in Nevada casinos.  read more

Las Vegas named country's emptiest city

A report from said that Las Vegas has the most abandoned apartments and homes of any city in the U.S.  read more

Trump Entertainment files for bankruptcy

It is the third time the casino operator has filed for bankruptcy since it was created out of a restructuring in 2005.  read more



Slot player wins nearly $3 million in California

A man playing the World Poker Tour progressive slot machine at Table Mountain Casino cashed in for $2,883,403.62, the largest cash jackpot the casino has paid out.  read more

The Reel Life

The Reel Life loves dogs. We even think a few of them brought us luck when playing online slots. But never in our wildest dreams did we think of entering holy matrimony with man's best friend. Between the marriage and the Diamond Bonanza winner at Jackpotjoy it was a busy week.  read more

Mohegan Sun slot winnings down 8.7 percent

Slot winnings at the Connecticut casino were down but its CEO said the tumble could have been worse.  read more

House bill would allow slots at Baltimore airport

A Baltimore County lawmaker is proposing a bill that would allow 3,000 slot machines at Baltimore-Washington International Airport.  read more



South Carolina court rules poker a game of skill

The Poker Players Alliance provided testimony in the case where the judge ruled that poker is a game of skill, but still convicted the defendants of playing cards in a "house used as a place of gaming."  read more

PokerStars releases EPT Monte Carlo schedule

The European Poker Tour Monte Carlo Grand Final will have 14 events stretched over one week and is being billed as Europe's richest poker event ever.  read more

Did You Know
Did You Know?
Revenue from baccarat on the Las Vegas Strip fell 49% in the fourth quarter of 2008. Pai gow poker, another favorite game of international bettors, dropped 43%.
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