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July 28, 2014

Casino City Times Weekly Newsletter
July 28, 2014

Latest From Our Strategy Experts

arrowFrank Scoblete: Mike's craps system and fast VP play

Mike's craps system and fast VP play
One reader believes he has come up with the perfect craps system. But as Frank Scoblete points out, the system is merely another version of a "martingale," and is sure to get him into trouble he can't afford.  read more
 

Featured Story

Attorney: California online poker site is legal

By Vin Narayanan
Gaming attorney Martin Owens represents the Iipay Nation of Santa Ysabel and believes its proposed real-money online poker website for California residents, PrivateTable.com, is legal and should survive any legal challenge.  read more		Attorney: California online poker site is legal
 

CASINO News

CASINO

Web poker, World Cup boost statewide revenue

Nevada casinos collected $906.9 million in June, a 14.4 percent increase compared to a year ago. Online poker revenue cracked the $1 million mark for the first time, while World Cup bets boosted sportsbook revenue.  read more

Casino City Gang: Betting on the future edition

The gang discusses the future of PrivateTable.com, an online poker room launched by the Santa Ysabel in California, the television show Poker Night in America and a big futures bet win by British Open champion Rory McIlroy's father.  read more

Guaracino tasked with selling Atlantic City

Jeff Guaracino, chief strategy and communications officer for the Atlantic City Alliance, remains upbeat on the city's positive trends despite the closing of three casinos and Revel's bankruptcy.  read more

Las Vegas tourism continues record pace in June

At the halfway point of 2014, Las Vegas is on pace to attract more than 41 million tourists, well ahead of 2012's record 39.7 million.  read more

Stutz: Dotty's taverns are simply complex

Dotty's parent company, Nevada Restaurant Services, is a cross between Costco, Home Depot, a slot machine manufacturing plant and a direct-mail house. The centralized office is the secret to Dotty's success.  read more

Penn National reverses second quarter net loss

The company has five development projects underway in four states. CEO Tim Wilmott said Penn National has a "good handle" on business trends.  read more

Regulators approve $100,000 fine for Aria

Earlier this month, the resort agreed to a fine for preventing undercover gaming agents from watching a high-stakes roulette game.  read more

Orange Capital again wants Pinnacle to split off REIT

The hedge fund, which owns 4.5 percent of Pinnacle, believes the regional casino operator could increase its share price between 60 and 90 percent.  read more

After growth, Indian gaming now "pretty flat"

Indian gaming revenues have plateaued at $26-28 billion annually.  read more

Four tapped for induction to Gaming Hall of Fame

The class includes the industry's first female gaming regulator, a former Las Vegas mayor turned gaming executive, an American Indian gaming pioneer and a late gaming law expert.  read more

Las Vegas gambler gets probation for illegal bookmaking

Mitchell Garshofsky, 54, was ordered to spend six months in home detention with electronic monitoring as part of his terms of probation.  read more

POKER News

POKER

Ivey's bail bid fails to free betting suspects

Phil Ivey and Andrew Robl posted $2.5 million in cash last week in an attempt to bail out wealthy businessman Wei Seng "Paul" Phua and son Darren Phua, who play with Ivey in high-stakes poker games.  read more

EPT gears up for 100th event in Barcelona

There will be free activities for all EPT players throughout the festival, including jet ski rides, speed boat rides, BiciBike expeditions and GoCar tours around Barcelona.  read more

Talking Stick Resort appoints new poker director

Thomas Young takes the lead at the ARENA Poker Room in time for the 10th anniversary of the Arizona State Poker Championship.  read more

SLOTS News

SLOTS

IGT-GTECH deal was waiting to happen

The $6.4 billion acquisition of slot machine manufacturer IGT by lottery provider GTECH shouldn't have surprised anyone in gaming. The same deal, in reverse, almost happened 20 years ago, when IGT nearly bought GTECH.  read more

Slot route owner says wife sold medical pot business

The wife of Nevada Gaming Partners owner Bruce Familian sold her 8 percent share of GB Sciences Nevada to eliminate any conflict with a regulatory request that gaming license holders stay away from medical marijuana.  read more

The Reel Life: Prison happy hour

In Italy, one prison has allegedly held "happy hour" parties for its female inmates, with alcohol and outside guests included.  read more

Did You Know
Did You Know?
GameAccount Network has signed a partnership with Parx Casino in Philadelphia to launch a simulated online gaming experience, which will allow an immediate upgrade to real-money Internet gaming when legislation is eventually passed in Pennsylvania.
Featured Game
Iron Man 2
Iron Man 2 is a five-reel, 25-payline slot based off the sequel of the classic Marvel film series.

> More Iron Man 2 Details
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Top-10 places for a spontaneous poker game
  1. DMV
  2. Disney/amusement park
  3. Hospital
  4. Movie theater
  5. Airport
  6. Train/subway
  7. Hairdresser/barbershop
  8. Halftime/intermission
  9. Pharmacy
  10. Post office