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March 24, 2014

Casino City Times Weekly Newsletter
March 24, 2014

Latest From Our Strategy Experts

arrowJohn Grochowski: Comps and commissions

Comps and commissions
John Grochowski explains why comps can limit the house's edge over a player, but only to a certain extent. Plus, Grochowski notes a key difference in the way that some casinos charge commission in craps.  read more

Featured Story

Abboud in hostile territory at iGaming conference

Las Vegas Sands Vice President of Government Relations Andy Abboud spoke during a debate on the legalization of Internet gaming during the fourth annual iGaming North America Conference, in a ballroom where roughly 99 percent of the estimated 500-person audience held the opposing viewpoint.  read more
Abboud in hostile territory at iGaming conference



Casino City Gang: Rivalry edition

Casino City's Vin Narayanan, Aaron Todd and Dan Podheiser discuss Las Vegas Sands front man Andy Abboud's display at the iGaming North America Conference and a feud in Downtown Las Vegas that could limit alcohol sales.  read more

Out-of-towners flock to Vegas for March Madness

Up and down the Strip on Thursday, college hoops fans from every corner of the United States were checking into hotels, placing bets at bustling sports books and mixing testosterone with Bud Light and small hills of nachos.  read more

Online gaming debate heats up in Congress

Rep. Jason Chaffetz (R-Utah) is preparing to introduce a bill that would modify the Wire Act to restore a federal ban on gambling over the Internet, joining a similar bill to be sponsored in the Senate by Sen. Lindsey Graham (R-S.C.).  read more

Regulators approve Caesars' plan to sell resorts to affiliate

Caesars Growth Partners will now manage Bally's, The Quad, The Cromwell and Harrah's New Orleans in a move that will help Caesars Entertainment, the parent company, alleviate its industry-high $23 billion of long-term debt.  read more

Gaming Commission OKs $500k fine against Mandalay Bay

Mandalay representatives did not contest the findings of a five-count complaint that employees of the House of Blues Foundation Room provided illegal narcotics and prostitutes to undercover officers.  read more

Caesars gains preliminary OK for South Korean hotel-casino

The $794.7 million hotel-casino complex planned to be built just outside of Seoul would be the country's largest casino and would cater to only foreign visitors and not residents of South Korea.  read more

Revenue from Macau casinos enriches industry billionaires

David Schwartz, director of the University of Nevada, Las Vegas' Center for Gaming Research, said it's a telling sign when eight of the top 10 names among the world's gaming billionaires have a connection to Macau.  read more

LVH workers, Culinary and Bartenders unions reach agreement

The settlement means Culinary Workers Local 226 and Bartenders Local 165 have reached new contracts for non-gaming workers with all Strip-area casinos, except Margaritaville, which is operated within the Flamingo.  read more

Golf course villa will now cost Steve Wynn $525,000 annually

Wynn Resorts is modifying its executive pay to tie compensation to the company's performance, and the company will no longer pay for the CEO's golf course villa.  read more



Nevada, Delaware pact to launch this summer

As Nevada and Delaware's Internet poker agreement is set to get underway in the coming months, Nevada Gov. Brian Sandoval says he hopes to add more states to the compact.  read more

Casino executives hail online poker regulation as victory

Early projections of a massive swell of cash from legalized online gaming may have been overly optimistic, but regulation launched a breakthrough in the gambling world, according to Ultimate Gaming executives.  read more

Murren wants AGA to dial down the rhetoric on Web poker

MGM Resorts CEO and American Gaming Association chairman Jim Murren thinks the AGA should concentrate on efforts other than legalizing Internet poker, as many AGA members stand on opposite sides of the issue.  read more



The Reel Life: Amish edition

In Pennsylvania, state police are searching for the driver of an Amish buggy who was reportedly involved in a hit-and-run accident. That's certainly not something you see every day.  read more

Did You Know
Did You Know?
Ultimate Poker has dealt more than 27 million hands of poker and organized more than 200,000 online tournaments in the U.S. since it launched in Nevada on April 30, 2013.
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