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October 27, 2008

Casino City Times Weekly Newsletter
October 27, 2008

Latest From Our Strategy Experts

arrowJohn Robison: Slot machine myths and facts

Slot machine myths and facts
A curious reader sends Robison some interesting questions about the fairness of slots in the U.S., the probability of a person hitting a jackpot on the very first pull and how a machine's long-term payback is calculated.  read more
 

Featured Story

Experienced 'Chino' Rheem set to make bid for Main Event title

By Gary Trask
David "Chino" Rheem will enter the final table at the World Series of Poker's Main Event next month as the most accomplished player among the November Nine. The 28-year-old is hoping his major tournament experience will be enough to help him go from being one of the shortest stacks at the table to the last man standing.  read more		Experienced 'Chino' Rheem set to make bid for Main Event title
 

CASINO News

CASINO

Caesars Palace tops off new $1 billion tower

The 23-story Octavius Tower is scheduled to open next summer and will add 594 guest rooms and 71 suites to the property, bringing the total inventory at Caesars Palace to more than 4,000.  read more

Harrah's wins court battle for casino

A federal appeals court in New York says Harrah's did not interfere with the St. Regis Mohawk tribe's plans to develop a casino.  read more

Louisiana casino revenues take big hit after storms

Hurricanes Gustav and Ike contributed to a 23 percent drop in revenue as compared to September of last year.  read more

Executives unsure about new Aliante Station in Las Vegas

Station Casino executives told state gaming regulators last week that they don't know how well the $662 million Aliante Station will perform when it opens next month given current economic conditions.  read more

Delaware North wins deal on New York casino

The privately held company gets the rights to develop and run a casino at Aqueduct Racetracks. The state will receive up to $1 million in annual slot machine revenue.  read more

M Resort asks Henderson for 11.5 more acres

The City Council is scheduled to vote Nov. 4 on a proposal that would increase the total size of the resort to 93 acres.  read more

Vintage-feeling Plaza to aim for newer look

The Plaza is one of the biggest and cheapest hotels in downtown Las Vegas, but its owners are hoping to put its dowdy image to rest.  read more

MGM Mirage announces end to bonuses

Company executives will not receive any cash bonuses or non-equity incentive compensation this year due to the global economic crisis.  read more

SLOTS News

SLOTS

The Reel Life

We generally try to avoid having fun at the expense of someone else's misfortune. But we couldn't resist laughing at a woeful attempted robbery while celebrating the big jackpots just waiting to be hit.  read more

Slot machine lawsuits spinning out of control

Nearly a dozen patent infringement lawsuits and antitrust claims between rival slot machine makers International Game Technology and Bally Technologies are currently in the federal court system.  read more

Poll shows strong support for Maryland slot proposal

Sixty-two percent of likely voters say they support the ballot measure that would legalize slot machine gambling, according to the Washington Post.  read more

POKER News

POKER

Poker pro leads fight for casino smoking ban

Tom McEvoy has always been an advocate for bans in poker rooms and now the former Main Event champ is looking to expand the ban to casino floors.  read more

WSOP Academy heads to Las Vegas and Atlantic City

The first two-day instructional camp will be held at Caesars Palace in Las Vegas Nov. 7–8 and the second will be in Atlantic City at the Showboat Casino Nov. 22–23. Greg Raymer and Phil Gordon are expected to speak about advanced Texas Hold'em theory and strategy.  read more

Did You Know
Did You Know?
Maryland will become the 38th state in the U.S. to allow some form of legalized electronic gaming device if a proposal for slot machines passes on Election Day next week.
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Casino City fans wanted
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Top-10 U.S. states by lottery revenue (2007)
  1. New York
  2. Florida
  3. California
  4. Georgia
  5. Texas
  6. Pennsylvania
  7. Massachusetts
  8. Michigan
  9. New Jersey
  10. Ohio