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May 3, 2010

Casino City Times Weekly Newsletter
May 3, 2010

Latest From Our Strategy Experts

arrowAl Krigman: Why do so many lose at the casino?

Why do so many lose at the casino?
Krigman discusses house edge and its relation to casino profits. He says losses are more apt to result from player choice than house advantage, and that losers pay the winners as well as the casino bosses.  read more
 

Featured Story

Harrah's mum on possible Rio sale

By Arnold M. Knightly
Casino giant Harrah's Entertainment declined to comment on a Bloomberg report that the off-Strip Rio All-Suite Hotel & Casino (right) may be for sale. The report says the value of the Las Vegas property is around $500 million. The Rio is the host of the World Series of Poker, which is also owned by Harrah's.  read more		Harrah's mum on possible Rio sale
 

CASINO News

CASINO

Wynn has major plans for Macau

Steve Wynn didn't back away from the idea of moving Wynn Resorts' headquarters to Macau and said he and the company's CFO would spend more time in China.  read more

The Gang talks Derby, potential Vegas changes

Casino City's Vin Narayanan, Aaron Todd and Dan Igo discuss rumors of Harrah's selling the Rio, Phil Ivey's new poker room at Aria, Wynn Resorts possibly relocating to Macau, the Kentucky Derby and make their best bets.  read more

Harrah's reports $195 million loss in first quarter

The casino giant attributed its losses to the lingering impact of the recession on discretionary spending and continued payments on debt.  read more

Las Vegas stock index up in April

Six casino operators and three slot machine manufacturers all showed increases in their daily stock prices during April.  read more

Las Vegas Sands opens first phase of Singapore complex

Las Vegas Sands has partially unveiled portions of the $5.5 billion Marina Bay Sands resort with 963 hotel rooms, parts of a shopping mall and convention center, several restaurants, bars and the casino now open.  read more

Pinnacle sells Argentina casinos for $40 million

The gaming operator sold its two Argentina-based casinos for $40 million on the same day it issued $250 million of new notes to pay down debt.  read more

Revamped Vegas casino a hit on first weekend

The Oasis at Gold Spike opened its renovated 50-room boutique hotel last weekend and the complex was sold out.  read more

Mississippi course earns major Golfweek honor

The Fallen Oak golf course at Beau Rivage Resort & Casino in Biloxi earned the No. 10 ranking on Golfweek's "Best Tour Courses You Can Play" list.  read more

POKER News

POKER

David Williams wins WPT World Championship

Bodog Poker pro David Williams won the Season VIII World Poker Tour World Championship at the Bellagio in Las Vegas. Williams took home his first WPT title and a $1.5 million first-place prize with the victory.  read more

PokerStars launches new high-stakes TV show

The PokerStars.net Big Game is a high-stakes cash game where a group of top pros will be featured each week alongside top amateur players.  read more

Pala Casino celebrates first anniversary of poker room

The California casino will celebrate the first anniversary of its poker room on June 5 with cash drawings, free souvenirs and a complimentary buffet.  read more

Bodog signs new female poker pro

Amanda Musumeci landed the Bodog Poker sponsorship after the room searched for a new female pro via Facebook and Twitter.  read more

SLOTS News

SLOTS

The Reel Life

The Reel Life has never burglarized a veterinarian's office to fund our online slots habit. But if we did, we'd make sure not to inject ourselves with tranquilizers.  read more

Did You Know
Did You Know?
The U.S. Supreme Court rejected an appeal from Delaware Governor Jack Markell that would expand sports betting in the state.
Featured Game
Sure Win
The race for the Triple Crown kicked off Saturday with the Kentucky Derby. And a great way to get into the mood of the Triple Crown is by playing “Sure Win” at Captain Cooks Casino.

> More Sure Win Details
Casino City fans wanted
Casino City fans wanted
Please 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 Kentucky Derby betting lessons
  1. Borel owns Kentucky
  2. Ice Box early Belmont favorite
  3. Lookin At Lucky is really good
  4. Post position matters
  5. Diane Lane looks great in a hat
  6. Tough trips abound
  7. Churchill Downs can handle rain
  8. A day for closers
  9. Hot pace melts Sidney's Candy
  10. Pletcher can win the Derby