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March 23, 2015

Casino City Times Weekly Newsletter
March 23, 2015

Latest From Our Strategy Experts

arrowJohn Grochowski: The straight flush paradox

The straight flush paradox
John Grochowski explains why video poker payouts for straight flushes are low given their rarity. According to Grochowski, the goal of game designers isn't to reflect the odds, but to create a game that's fun to play.  read more
 

Featured Story

Casino City Gang: Colossal thinking edition

By Vin Narayanan and Dan Podheiser
The gang discusses the Colossus becoming a possibly record-breaking tournament at the WSOP, the colossal problems the Chinese government is causing for Macau casinos, and the colossal valuation of DraftKings -- and whether Disney will buy them.  read more		Casino City Gang: Colossal thinking edition
 

CASINO News

CASINO

New Orleans readies smoking ban

Included on the list of public venues that will be subject to the smoking ban is Harrah's New Orleans Casino. The ban is yet another blow to parent company Caesars Entertainment.  read more

Assemblyman pushes Nevada Legislature for lottery

Harvey Munford (D-Las Vegas) made his pitch before the Assembly Legislative Operations and Elections Committee, despite the fact that nearly 30 attempts to establish a lottery in Nevada since 1975 have failed.  read more

Elaine Wynn files formal proxy to regain board seat

Steve Wynn's ex wife is asking Wynn Resorts shareholders to bypass the company's selection and elect her to another term on the board, where she has served since 2002. Elaine Wynn reportedly learned from her ex husband that she had been dismissed from the board.  read more

MGM room rates for Pacquaio-Mayweather start at $1,600

MGM Grand Las Vegas, the host hotel-casino for the megaboxing match between Floyd Mayweather Jr. and Manny Pacquaio on May 2, expects a signicant revenue windfall from the fight weekend.  read more

MGM advises shareholders on upcoming vote

The casino operator asked shareholders not to vote for the board candidates offered by hedge fund Land and Buildings Investment Management, which owns less than 1 percent of the MGM's outstanding stock.  read more

Full House reports wider net loss, decline in revenue

The company lost $10.5 million for the quarter that ended Dec. 31, compared to a $2.3 million loss during the same period a year ago.  read more

SLOTS News

SLOTS

IGT signs deal with Baha Mar resort

The company will install more than 500 slot machines and deploy its management system at the new $3.5 billion casino-resort in the Bahamas.  read more

Global Cash Access rings up winner with Multimedia Games

When Global Cash Access bought Multimedia Games in the fall, many analysts questioned the logic behind a payment processor merging with a slot machine manufacturer. But the deal has proven to be fruitful.  read more

The Reel Life: Whopper whiff edition

Burger King is releasing a "Flame-Grilled" perfume in Japan, and the Reel Life has decided to book a flight to Tokyo immediately. We'll play online slots on the plane.  read more

POKER News

POKER

Amaya granted U.K. online gaming licenses

The company received licenses for PokerStars and Full Tilt as well as for its B2B online casino services.  read more

Did You Know
Did You Know?
Fortune reports that Disney is in early talks to invest in daily fantasy sports site DraftKings at a unicorn valuation of at least $1 billion.
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Golden Princess
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Casino City fans wanted
Please join us on Facebook by becoming a Casino City fan! It's a great way to meet fellow gamblers and learn more about what’s going on in gambling and at Casino City. In addition, we'll be developing and rolling out some neat Facebook applications in the coming months.

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Top-10 lessons from my first tournament director gig
  1. It's a lot of work
  2. Means a lot to players
  3. Lots of waiting, be ready
  4. Don't deal at the same time
  5. Last-minute registration
  6. Get knowledgeable dealers
  7. Provide entertainment
  8. It helps to have connections
  9. Startup costs are significant
  10. Consider the charity's goals