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July 27, 2015

Casino City Times Weekly Newsletter
July 27, 2015

Latest From Our Strategy Experts

arrowAl Krigman: How long before you can expect to win

How long before you can expect to win
Gaming guru Al Krigman explains how the concepts of expected value and probability merge to determine when it is likely a player will start beating games.  read more

Featured Story

U.S. tribal casinos see fifth straight year of revenue increases

In fiscal year 2014, U.S. tribal casinos brought in more than $28.5 billion of gaming revenue, according to the National Indian Gaming Commission. The commission also reports that 68 percent of all tribal gaming operations experienced "moderate growth" last year. (Pictured: Mohegan Sun in Uncasville, Connecticut.)  read more
U.S. tribal casinos see fifth straight year of revenue increases



One hospitalized after fire at Cosmopolitan

The fire shut down the Strip for about an hour and forced the partial evacuation of the Cosmopolitan.  read more

Investors show new love for regional casino markets

The Lake Charles, Louisiana market is leading the way in making the investment community do a 180-degree turn on U.S. gaming operators.  read more

Caesars spends $223 million to transform resort into The Linq

The changes scrub away any remnants of the Strip resort's former life as the Imperial Palace and the Quad.  read more

Man leads police on chase through Bellagio's fountains

The incident, which eventually led to an arrest, caused more than $5,000 worth of property damage and prompted an MGM spokeswoman to remind guests that the fountains are "not a swimming pool."  read more

The Ogden signals bright future for downtown Las Vegas

The recent spate of sales at the condo tower, which was built right before the recession hit, is the result of lavish upgrades, an innovative lending strategy and optimism about the prospects for the downtown area of the city.  read more

Proposal will pit Las Vegas cabbies against ride-booking apps

An industry proposal that deregulates several aspects of cab licensing won approval, setting the stage for a more competitive environment between cabbies and contracted Uber and Lyft drivers.  read more

Caesars reaches agreement with second-tier creditors

The new deal will improve creditors' chances to recoup their money when Caesars' bankruptcy reorganization is completed.  read more

Penn National plans development program for the Tropicana

The regional casino operator says it will launch a development plan for the Las Vegas resort that will take three to five years to implement.  read more

State gaming regulators approve Golden Gaming-Lakes merger

The Nevada Gaming Commission approved Golden Gaming's $341 million deal with Minnesota-based Lakes Entertainment.  read more

Macau decline cuts into Las Vegas Sands' quarterly revenues

While the company did still turn a profit, it reported a 19.4 percent decline in revenues and a 30.1 percent decline in profits from the same quarter a year ago.  read more

Pinnacle, GLPI agree on $4.75 billion merger

After two rejected offers, Pinnacle has accepted an offer from GLPI rather than form its own spinoff REIT.  read more



Celebrity poker show to premiere July 29

Poker Central's Super High Roller Celebrity Shootout will pit famous actors like Hank Azaria, Don Cheadle and Brad Garrett against poker pros like Doyle Brunson, Antonio Esfandiari and Daniel Negreanu.  read more



The Reel Life: Lobster brew edition

Oxbow Brewing in Portland, Maine is now making a beer brewed with live lobsters and a dash of sea salt. Yes, that's right. Living creatures died in the making of this beer. And it sounds delicious.  read more

Did You Know
Did You Know?
Mohegan Sun launched a regulated online casino in New Jersey this week, but has no plans to offer an online poker product in the state.
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Cat in Vegas
Cat in Vegas is a five-reel, 20-payline slot game that gives players the opportunity to spin the Wheel of Luck for the chance to win a big jackpot.

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