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November 24, 2008

Casino City Times Weekly Newsletter
November 24, 2008

Latest From Our Strategy Experts

arrowMark Pilarski: Go for the sure thing or go for the gusto?

Go for the sure thing or go for the gusto?
Pilarski weighs in on whether or not you should forgo a sure flush in lieu of a chance to land a rare Royal Flush in video poker. He also dishes advice on doubling down in blackjack and explains a slot machine's "hit frequency."  read more

Featured Story

AGA president zeroes in on the legalization of Internet gambling

American Gaming Association President Frank Fahrenkopf said at the G2E conference in Las Vegas last week that the legalization of Internet gambling will be the "hottest" issue facing the Nevada gaming industry during the next few years and that the need for new tax money "could drive its legalization" in both houses of Congress.  read more
AGA president zeroes in on the legalization of Internet gambling



Casino CFOs paint bleak picture for future

A panel of casino company executives reflecting a cross section of the gaming industry agreed that the sinking global economy is not going to help businesses looking to raise capital in the next few years.  read more

Worries subside for Las Vegas Sands

Auditors believe the casino giant has enough liquidity and capital resources to fund continuing operations and fulfill its new development plans  read more

Wall Street says casinos are bad gamble

Analysts say casino companies that took on massive projects made a critical error by failing to factor in the cost of financing.  read more

MGM Mirage to develop casino in Vietnam

MGM Mirage announced Monday that it is teaming up with an Asian development company to build a "Las Vegas-style" casino in Vietnam.  read more

Louisiana casinos see revenue gains in October

Despite the nation's economy taking a nose dive last month, Louisiana casinos bucked the trend with a 5.7 percent gain as compared to October of last year.  read more

Harrah's drops Kansas casino plans

Economic crisis forces casino company to pull out of plans to build a proposed $535-million resort casino in south central Kansas.  read more

Scaled-back Silverton expansion to open by Thanksgiving

The 35,000-square-foot expansion at the Las Vegas property cost $160 million and includes 800 new slot machines, a high-limit room with 60 slot machines and three table games, and a six-table poker room.  read more

Degrees of change in casino hiring practices

More casinos are looking at educational credentials in addition to real-world experience when hiring new employees.  read more

Three charged with cheating new Washington casino

The three men from New York are accused of trying to fleece the new Snoqualmie Casino. Police say the group used a scheme involving roultte chips to steal an estimated $1,500 in less than an hour.  read more



Hawaiian woman becomes instant millionaire

Jessica Agbunag won a jackpot worth more than $2 million at the Wheel of Fortune dollar MegaJackpot at the California Hotel and Casino on her first visit to Las Vegas.  read more

The Reel Life

This week, the Reel Life channels its inner Reese Witherspoon to illustrate why online slots players don't get road rage.  read more

Economy not hurting Pennsylvania slots

The state's five casinos that offer slot machines saw a 3% gain in October while nearby Atlantic City properties suffered a 10% decline.  read more



Clonie Gowen suing Full Tilt for $40 million

The well-known poker beauty is claiming breach of contract and has named a number of her former Team Full Tilt members in the lawsuit, including Howard Lederer, Phil Ivey, Chris "Jesus" Ferguson, Erick Lindgren and Gus Hansen.  read more

João Barbosa wins PokerStars EPT Polish Open

Barbosa celebrates his 26th birthday by winning $457,489 and becoming the first Portguese player to win an EPT title.  read more

Did You Know
Did You Know?
Due to the high taxation rate in his home nation of Denmark, WSOP 2008 Main Event champion Peter Eastgate saw his $9.1 million in winnings plummet to under $2.5 million.
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