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March 31, 2014

Casino City Times Weekly Newsletter
March 31, 2014

Latest From Our Strategy Experts

arrowJohn Grochowski: Side bets at blackjack

Side bets at blackjack
John Grochowski explains why side bets at the blackjack table are there to add some excitement for the player and more profit for the house.  read more
 

Featured Story

New bill would prohibit U.S. Internet gambling

By Howard Stutz
The bill by Sen. Lindsey Graham (R-S.C.), pictured right, and Rep. Jason Chaffetz (R-Utah) seeks to prohibit "all forms of Internet gambling," and does not contain a grandfather clause that would permit Nevada, New Jersey and Delaware to continue offering online gaming.  read more		New bill would prohibit U.S. Internet gambling
 

CASINO News

CASINO

Casino City Gang: Flipping edition

Casino City's Vin Narayanan, Aaron Todd and Dan Podheiser discuss Caesars Interactive signing a marketing deal with the New York Rangers, a pair of Congressional bills that would ban online gaming and the new "Flipout" tournaments on Full Tilt.  read more

Casino City releases 2014 Indian Gaming Industry Report

The new report finds Indian gaming revenue nationwide grew 2 percent in 2012 to approximately $28.1 billion, the third straight year of growth. California's growth rate was slower than in 2011.  read more

Comcast VP: Comcast is not blocking Bovada

According to a release by Comcast on the company's online forums, recent claims that "Comcast is blocking" Bovada are incorrect.  read more

Sands board member becomes Bwin.party stakeholder

Jason Ader said he spoke to Las Vegas Sands Chairman Sheldon Adelson, who is financing lobbying campaigns to fight the growth of online gambling, before acquiring 51 million shares in the company.  read more

Caesars' deal with subsidiary hits opposition

The company said a group of its "unidentified note holders" want to kill off Caesars Growth Partners, the subsidiary company to which Caesars is attempting to sell four casinos for $1.3 billion.  read more

Nevada gaming revenues down 13.7 percent in February

On the Strip, gaming revenue was down 20.2 percent compared to Feb. 2013.  read more

Time helps change analysts' perspectives on MGM Resorts

MGM Resorts' stock price is nearing levels unseen by investors since before the recession. Shares are up roughly 104 percent in the past 12 months.  read more

Caesars to close money-losing casino in Tunica, Miss.

The company called the decision to close the 1,360-room Harrah's Tunica another step in its efforts to repair its industry-high $23 billion in debt. The company is also selling 7 million shares of stock.  read more

SLOTS News

SLOTS

IGT pulling down gaming equipment sector

Following IGT's share drop last week to a 52-week low, other equipment providers felt a spillover effect. One gaming analyst predicts IGT's financial woes will lead investors to punish other companies in the sector.  read more

IGT expands use of Wheel of Fortune brand in gaming

A new deal with Sony Pictures will also allow IGT to place the "Jeopardy!" brand on slot games on IGT's DoubleDown online casino.  read more

Talking Stick player wins more than $800,000

The player took home $845,006.79 playing Wheel of Fortune Double Diamond.  read more

Four Winds player wins $509,036 jackpot

The St. Joseph, Mich. native hit the jackpot on the Lord of the Rings - The Fellowship penny slot machine.  read more

The Reel Life: Shoe bandit edition

A man was arrested in 1999 for trying to rob a shoe store. Fifteen years later, he attempted to rob the same store the day after getting out of prison.  read more

POKER News

POKER

Stutz: PokerStars tries again

After failing in Nevada and New Jersey, PokerStars is now targeting California as a way to break into the U.S. online poker market.  read more

PPA criticizes proposed bills to ban online poker

Poker Players Alliance Executive Director John Pappas condemned the proposed legislation for trampling on the rights of states and denying consumers meaningful protections through regulation.  read more

WSOP.com partners with New York Rangers

The New Jersey-only poker site will develop special offers, co-branded communication and engaging viewing parties for Rangers fans who live in the Garden State.  read more

Did You Know
Did You Know?
Gaming analyst Thomas Allen predicted last week that legal Internet gaming in the United States will produce $8 billion annually by 2020. California, he said, will legalize online poker and alone will see $1.18 billion in annual revenue.
Featured Game
Tycoons
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> More Tycoons 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.

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Top-10 bets for the 2014 Major League Baseball season
  1. Tigers win World Series
  2. Yankees win AL East
  3. Wainwright wins NL Cy Young
  4. Cabrera wins AL MVP
  5. Stanton wins home runs crown
  6. Yankees over 87 wins
  7. Rangers over 87 wins
  8. Indians over 81 wins
  9. Cubs over 70 wins
  10. No pitcher will record 50 saves