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March 30, 2015

Casino City Times Weekly Newsletter
March 30, 2015

Latest From Our Strategy Experts

arrowJohn Grochowski: The cost of blackjack rules

The cost of blackjack rules
John Grochowski presents the math explaining how a blackjack rule that only lets a player double on 9, 10 or 11 does cost that player expected value, but not that much.  read more
 

Featured Story

Lawmakers wrestle with online gaming ban

By Steve Tetreault
A hearing before the House Judiciary crime subcommittee saw witnesses testify on both sides of the proposed Restoration of America's Wire Act bill, which aims to ban online gaming at the federal level. While some legislators were open to both sides of the debate, others were simply unwilling to listen to reason.  read more		Lawmakers wrestle with online gaming ban
 

CASINO News

CASINO

Indian gaming revenue hits record in 2013

According to Casino City's Indian Gaming Report released on Monday, the nation's Indian gaming industry took in $28.3 billion in revenue in 2013, a 0.5 percent increase from 2012 and a new single-year record high.  read more

Casino City Gang: Working together edition

The gang discusses Wednesday's RAWA hearing on Capitol Hill, Nevada and Delaware sharing online poker liquidity, 888's new sponsorship pact with the WSOP and Aaron's experience as a charity poker tournament director.  read more

Ruse in betting scheme case debated in federal court

The validity of an FBI search warrant and an unprecedented ruse agents used last summer to gain access to an alleged World Cup betting ring on the Strip were debated in federal court last week.  read more

Caesars says company can't fund some pension payouts

The company says it asked its bankruptcy lawyers to find a way to make pension payments to 63 former employees whose checks were halted in the reorganization of its largest operating division, but the idea was rejected.  read more

Macau official's speech not the message Las Vegas wanted

Macau Chief Executive Fernando Chui told lawmakers last week the Special Administrative Region had entered an "adjustment" period of slower and stable growth, and vowed to tighten regulations on the gaming industry.  read more

Elaine Wynn defends fight to retain board seat

Steve Wynn's ex wife is asking shareholders to return her to the board over one of its chosen candidates. Meanwhile, the company is alleging she did not disclose a conflict of interest during a Strip land deal last year.  read more

Unions say tentative deal reached with MGM Grand

The four-year contract will cover almost 4,000 workers in the Culinary and Bartenders unions.  read more

Stratosphere parent grows revenue, reverses net loss

American Casino & Entertainment Properties says its net income of $200,000 for the quarter that ended Dec. 31 reversed a net loss of $2.8 million for the same period a year ago.  read more

Affinity Gaming increases revenue, cash flow

The Las Vegas-based company says its net revenue for the fourth quarter was $92.3 million, a 2.6 percent increase over the 2013 fourth quarter.  read more

Cosmopolitan sees casino revenue rise in latest quarter

The hotel-casino's took in $86.3 million in the quarter that ended Dec. 31, a 13.2 percent increase from the same quarter last year.  read more

POKER News

POKER

Nevada, Delaware launch online poker network

The two states formally launched their online poker network last week, allowing players from Nevada and Delaware to play at the same tables.  read more

888 and WSOP announce sponsorship pact

As part of the sponsorship, 888 will have the sole rights -- outside of select territories -- to run official online satellite qualifiers to WSOP events.  read more

Bernard Lee signs with poker bucket list company

The poker pro is now working with Blaycation, a specialty travel company that helps people achive their bucket list items. The company's first scheduled poker experience is centered around the WSOP Colossus event.  read more

SLOTS News

SLOTS

The Reel Life: Should have taken an Uber edition

If you plan to rob a bank, there are a few key guidelines to follow. Don't show up drunk. If you can, try to arrive and leave in your own car. And if you're dumb enough to take a cab, make sure to pay. It's pretty basic stuff.  read more

Did You Know
Did You Know?
Nevada and Delaware conducted a soft launch of their shared liquidity online poker platform last week.
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Casino City fans wanted
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Top-10 grocery store props
  1. Number picked in the deli line
  2. Number of bagging mistakes
  3. Time spent in line
  4. Number of forgotten items
  5. Total time for the trip
  6. Friendly faces
  7. Cents in price tag
  8. Cost per bag
  9. Number of bags needed
  10. Total cost