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November 30, 2009

Casino City Times Weekly Newsletter
November 30, 2009

Latest From Our Strategy Experts

arrowJohn Grochowski: Slot machine comps vs. video poker

Slot machine comps vs. video poker
Grochowski explains there is good reason why casinos rate slot play higher than video poker. It's because slot play is more valuable to them. An average video poker player will typically get back 95% while a penny slot player is looking at returns of between 85% and 90%.  read more

Featured Story

CityCenter ready for debut after months of headlines

The $8.5-billion CityCenter development will open its first hotel, Vdara, on Tuesday on the Las Vegas Strip. The MGM Mirage project has made numerous headlines in the last 61 months, including coming within hours of filing for bankruptcy in March and the deaths of six construction workers between February 2007 and May 2008.  read more
CityCenter ready for debut after months of headlines



Casino City Gang podcast: November 25, 2009

Casino City's Vin Narayanan, Gary Trask and Dan Igo take a look at the impact of UIGEA regulations, the soccer match-fixing scandal in Europe, their future Las Vegas plans and their week 12 NFL picks.  read more

Binion's to close hotel tower, lay off 100 workers

Binion's Gambling Hall & Hotel in Las Vegas will close its 365-room hotel tower beginning Dec. 14 and lay off about 100 workers.  read more

Harrah's chief wants to purchase Planet Hollywood

Harrah's Entertainment Chairman and CEO Gary Loveman told employees that the company is trying to buy the Planet Hollywood Resort.  read more

CityCenter hoping for a presidential cameo

MGM Mirage officials are hoping that President Barack Obama will drop by Las Vegas to acknowledge the opening of CityCenter.  read more

Station Casinos rewards loyal customers

The bankrupt casino company put together a special VIP weekend celebration at Red Rock Resort, bringing together 250 high-end customers.  read more

Icahn, Penn National battle for Fontainebleau

Carl Ichan outbid Penn National Gaming for the bankrupt Fontainbleau project on the Las Vegas Strip.  read more

Las Vegas Sands raises $5 billion for Macau

The casino company said it raised $5 billion and will use a portion of the proceeds to restart and complete construction in Macau.  read more

Pinnacle cuts back plans for casino in Louisiana

Pinnacle Entertainment said the Sugarcane Bay development in Lake Charles has been scaled back by more than $100 million and would be integrated into the company's existing flagship L'Auberge du Lac casino.  read more



The Reel Life

The Reel Life loves slots. You can even say that we have personal connections with some games that we play more often than others. But we've never had the urge to marry any of these games.  read more

FireKeepers Casino giving away $1 million in December

The Michigan casino announced that over $1 million in cash and prizes will be given away during the month and that a Free HotSpot Slot Tournament will be held on Mondays and Tuesdays.  read more



UIGEA implementations delayed for six months

Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke have agreed to delay compliance of the Unlawful Internet Gaming Enforcement Act for six months.  read more

Questions surround WSOP after Pollack's exit

Jeffrey Pollack's surprise resignation as World Series of Poker commissioner has raised questions about the WSOP and Harrah's Entertainment.  read more

PokerStars to host celebrity tournament at PCA

PokerStars has teamed up with amfAR to raise awareness of the AIDS crisis in Africa by hosting a celebrity poker tournament at the Atlantis Resort and Casino on Paradise Island on January 8.  read more

Russian Vladimir 'beyne' Geshkenbein signs with PKR

Vladimir Geshkenbein, the APPT High Roller Event and PKR Heads Up Grand Slam Champion, has joined Team PKR Pro.  read more

Did You Know
Did You Know?
Forty-two female seniors were busted in a gambling den in Cyprus that resulted in the confiscation of less than 100 euros, according to a report in the Daily Mail.
Featured Game
Turkey Time
It was Thanksgiving in the U.S. last week, which means we're all still full of turkey, stuffing, cranberry sauce and (American) football. If you want to stay in the Thanksgiving Day spirit with an online slot, head to VIP Slots and try out “Turkey Time.”

> More Turkey Time Details
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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.

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