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August 3, 2015

Casino City Times Weekly Newsletter
August 3, 2015

Latest From Our Strategy Experts

arrowJohn Grochowski: Handling a darkside bettor

Handling a darkside bettor
Playing craps with someone who doesn't bet with the shooter can be annoying. But gaming guru John Grochowski says dealing with these players is part of the game, so don't let them detract from the fun.  read more
 

Featured Story

bwin.party investor tells GVC to increase its bid

By Howard Stutz
The online gaming firm had already accepted a $1.4 billion offer from 888, but GVC Holdings raised its bid to $1.6 billion last week, according to Bloomberg News. Now a bwin.party investor wants GVC to increase its offer by another 14%.  read more		bwin.party investor tells GVC to increase its bid
 

CASINO News

CASINO

Analysts predict MGM may sell The Mirage

A spokesman for MGM has declined to comment on the rumored transaction, but Wall Street analysts say The Mirage could sell for between $1 billion and $1.5 billion.  read more

Decline in baccarat play deals a blow to Nevada casino revenues

While the crackdown on Chinese high rollers has hit Macau the hardest, the 53.7% decline in baccarat revenue in Nevada contributed the lion's share of June's 8% decline in gaming revenues.  read more

Nevada courts' problem gambling program is underutilized

The program, which diverts problem gamblers into treatment instead of prison, has only been used twice in six years.  read more

Top Vegas sports bettor, family to pay $4.2M forfeiture

Glen Cobb was sentenced to one year of probation for his role in what federal prosecutors alleged was a multimillion-dollar gambling operation.  read more

One-time Resorts World exec to reopen shuttered Indian casino

Ivory Gaming founder Christian Goode sees opportunity in overseeing the reopening of the Chukchansi Gold Resort & Casino near Fresno.  read more

Caesars reaches amended agreement with its largest creditors

The beleaguered casino operator filed a statement saying it had reached an "amended restructuring support agreement." The company's restructuring plans remain the same.  read more

Pinnacle, GLPI deal could be a model for the industry

Analysts say the deal, which sees Pinnacle leasing its real estate assets from the REIT, financially benefits both companies.  read more

Wynn Resorts sees reduced profits from Macau market slump

Company Chairman Steve Wynn reports that the decline in high-end baccarat play in Macau has been felt throughout the company, but that its business outside Macau remains "comfortable."  read more

Revenue rises at Global Cash Access

The company grew revenue 42% in the second quarter to $206.4 million thanks to its purchase of Multimedia Games at the end of last year.  read more

POKER News

POKER

EPT Season 12 to begin in Spain

The new season of the European Poker Tour will kick off in conjunction with the Estrellas Poker Tour, held in Barcelona from Aug. 18-30.  read more

New bad beat jackpot record set at Rivers Casino

Nine players won $342,829.30, breaking the previous bad beat jackpot record of $304,963.20 set at the Pittsburgh casino earlier this year.  read more

Poker Central announces sponsors for Super High Roller series

Amazon App Store, DraftKings and Dollar Shave Club are the three core sponsors, and MVMT is the series' official timekeeping partner.  read more

SLOTS News

SLOTS

The Reel Life: Teacher Draft edition

What if society treated teachers like they did star athletes? In a recent episode of Key & Peele, the hosts pull off an amazing satire that really makes you think.  read more

Aristocrat releases Buffalo Grand game

The newest version of the popular game Buffalo, Buffalo Grand is housed in Aristocrat's award-winning Arc Double cabinet.  read more

Did You Know
Did You Know?
Last week, Italian police arrested 51 people accused in an online gambling tax evasion operation valued at 2 billion euros. The police froze the assets of 45 Italian companies, 11 foreign companies and 15,000 agencies and seized the domains of 82 websites.
Featured Game
Twin Spin
Twin Spin starts each spin with identical, adjacent twin reels that are linked together. During the spin, the reels can expand to become triplets, quadruplets or even quintuplets.

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