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April 28, 2014

Casino City Times Weekly Newsletter
April 28, 2014

Latest From Our Strategy Experts

arrowJohn Grochowski: The truth about blackjack side bets

The truth about blackjack side bets
Gaming guru John Grochowski explains why side bets at the blackjack table simply give the house an even bigger edge than it already has.  read more

Featured Story

Casino City Gang: Give us a license or else edition

Casino City's Vin Narayanan, Aaron Todd and Dan Podheiser discuss the state of casino gaming in Massachusetts where MGM wants more certainty and Suffolk Downs says it will close if it doesn't receive a casino license, the new World Series of Poker poker room opening in Atlantic City and the state of online gaming in New Jersey and the hard work that goes into hosting a home poker game.  read more
Casino City Gang: Give us a license or else edition



Driven by Macau, Sands earnings rise 36 percent

Las Vegas Sands Chairman Sheldon Adelson said there is no reason to believe China's only legal gaming market will slow down any time soon.  read more

Cox files equal pay lawsuit against Station Casinos

The food and beverage director at Texas Station claims Station Casinos has a practice or policy "of intentionally refusing to compensate women equal pay for similar work done by male co-employees."  read more

Caesars to bid on one of four New York gaming licenses

The proposed $750 million hotel-casino development is planned for a 120-acre parcel 50 miles north of Midtown Manhattan. Genting has also submitted a bid for a New York license and hopes to announce a site selection soon.  read more

Internet gaming operations no windfall in three U.S. states

So far, the return on investment for casino operators who have launched Internet gaming in Nevada, New Jersey and Delaware hasn't been the billion-dollar bonanza some predicted.  read more

Echelon deal ballparks Strip land value

Boyd Gaming's sale of the 87-acre Echelon site to the Genting Group for $350 million gave analysts an idea of what property on the Strip might be worth in today's market.  read more

Penn National again views expansion on Strip

CEO Tom Wilmott said that despite his company's interest to expand on the Strip, "it's just difficult to say where and at what price."  read more

Report: Billionaire Packer plans to make offer for Cosmopolitan

Deutsche Bank, which opened the 3,000-room Cosmopolitan in December 2010 after it foreclosed on the project's original developer, is reportedly seeking a buyer for the resort.  read more

Affinity Gaming may resolve board infighting

In separate filings with the U.S. Securities and Exchange Commission, Silver Point Capital and Z Capital Partners, Affinity's two largest shareholders, used similar language to describe reconstituting Affinity's board.  read more

N.Y. investment fund proposes REIT for Pinnacle casino holdings

Orange Capital said it believes Pinnacle could be more valuable to shareholders by splitting the company into a trust.  read more



IGT earnings tumble 66 percent

The slot machine manufacturer said its net income in the quarter that ended March 31 fell to $25.7 million, compared to $78.2 million in the same quarter last year.  read more

The Reel Life: Think about who you're talking to edition

A Georgia man tried to rob a Walmart, then asked the arresting police officer to take care of his "nice and expensive" bicycle, which he had also stolen.  read more



Keven Stammen wins WPT World Championship

Stammen bested a field of 328 players in the $15,400 buy-in, six-day event to take home the title and the $1.35 million first-place prize.  read more

EPT announces dates for Season 11

The European Poker Tour will make stops in Barcelona, London, Prague, Deauville and Monte Carlo this season.  read more

Did You Know
Did You Know?
The first EPT event was held at Casino de Barcelona in 2004, drawing 229 players for a first-place prize of €80,000.
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