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April 29, 2013
Casino City Times Weekly Newsletter
April 29, 2013 Latest From Our Strategy Experts | | Al Krigman offers advice on how to gamble in a way that minimizes risk of going bust by choosing what to play and – when there's a choice – what betting strategies to follow and the size bets to make.
read more | | Featured StoryBy Howard Stutz Stutz offers a word of caution to Geoff Freeman, the new CEO of the American Gaming Association. "Overseeing the AGA is not like herding cats," he writes. "It’s more like herding mountain lions. One misstep and you’ll lose body parts."
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 | Richard Suen, the one-time consultant to the company, fielded nearly 70 questions from the 14 people in the jury box on Friday.
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Wynn Resorts would make $30 million in advance payments to the city of Everett and more than $25 million annually once a proposed casino opens for business, according to a host community agreement.
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Cantor Gaming will provide mobile gaming throughout the resort, including in the casino and pools, as well as a new sports book.
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Vin Narayanan joins host Aaron Todd live from the Global iGaming Summit and Expo in San Francisco. They discuss a testy exchange between Jan Jones of Caesars and John Pappas from the PPA, examine Foxwoods' partnership with GameAccount and evaluate New Jersey Governor Chris Christie's administration's overly-rosy expectations for online gaming revenues.
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Pinnacle announced plans in December to acquire Ameristar’s eight casinos along with a property under construction in Louisiana for $2.8 billion, which includes assumed debt.
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The company posted second quarter earnings of $78.2 million, or 29 cents per share, up from $61.9 million, or 21 cents per share, in the same period last year.
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Wynn Resorts reported net income of $203 million, or $2 per share, up from $140.6 million, or $1.23 per share, in the prior-year quarter.
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Industry companies contributed $135.78 million to charitable causes during the past year, $116.93 million of which came in the form of direct cash contributions.
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 | The Reel Life's social studies teacher imparted some great advice to us in high school: "You might be able to outrun one cop car," he said. "But you can't outrun the radio." The advice he didn't give was that if you do decide to make a run for it, you probably shouldn't do it in a U-Haul truck.
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 | Poker for the Homeless, an Irish organization dedicated to raising money for homeless charities around Ireland, has raised €14,755 for the Capuchin Day Centre in Dublin, which provides meals for people in need.
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"The Wizard" topped the field of 345 players in the £200 + £25 buy-in event at Aspers Casino, Stratford, London to take home £10,105.
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Did You Know?
888 says it expects its online poker operation to be up and running in Nevada this summer, according to Reuters.
Featured Game If you're looking for a simple game with an upbeat New Age musical soundtrack and paylines that pay both ways, head to 7Red and try your hand at Gemscapades. > More Gemscapades DetailsCasino City fans wantedPlease join us on Facebook by becoming a Casino City fan! It’s a great way to meet fellow gamblers and learn more about what’s going on in gambling and at Casino City. In addition, we'll be developing and rolling out some neat Facebook applications in the coming months. > Become a fan Top-10 observations from GiGse - Renewed optimism
- Mobile
- Social
- Focus on New Jersey
- Optimism in California
- Knives are out for PokerStars
- Poker-only not the only way
- Retail stores hate online lottery sales
- Payment processors
- Wheeling and dealing
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Al Krigman: 