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August 4, 2014

Casino City Times Weekly Newsletter
August 4, 2014

Latest From Our Strategy Experts

arrowFrank Scoblete: "Easy does it" craps play

"Easy does it" craps play
One of gaming guru Frank Scoblete's readers writes that he's won a lot of money in craps over the years thanks to different dice grips. The reader failed to mention all the times he's lost with the same grips, of course.  read more
 

Featured Story

Scientific Games to buy Bally in $5.1 billion deal

By Howard Stutz
The transaction is the second high-profile gaming industry merger in less than a month. In July, Italian lottery company GTECH said it was buying slot machine maker IGT for $6.4 billion. Last year, Scientific Games also bought slot machine maker WMS Industries for $1.5 billion.  read more		Scientific Games to buy Bally in $5.1 billion deal
 

CASINO News

CASINO

Adelson to give keynote speech at G2E

Las Vegas Sands Chairman and anti-online gaming proponent Sheldon Adelson will headline this year's Global Gaming Expo, held on Adelson's turf at the Sands Expo and Convention Center in Las Vegas.  read more

Casino City Gang: Bluffing Phil Hellmuth edition

The gang discusses Casino City's Vin Narayanan's experience playing poker with Phil Hellmuth, a televised hand from ESPN's coverage of the WSOP One Drop and the recent move by Full Tilt to remove poker from its branding.  read more

Stutz: The world according to Stupak

In a special series highlighting the history of Las Vegas, Howard Stutz takes a look back at Bob Stupak, a casino owner who was a rare combination of carnival barker and publicity hound.  read more

Australian billionaire buys former New Frontier site

James Packer has purchased the 35-acre Strip land parcel and will form a company to build a hotel-casino with former Wynn President Andrew Pascal and investment firm Oaktree Capital Management.  read more

Boyd Gaming's profit, revenues take dip in second quarter

The Las Vegas-based company said its net income for the quarter that ended June 30 was $700,000, compared to $11.6 in the same quarter last year.  read more

Caesars installs separate management in operating entity

The company appointed a new CEO, CFO and general counsel to Caesars Entertainment Operation Co. (CEOC), which operates 44 casinos in 13 states.  read more

SLOTS News

SLOTS

Aristocrat makes U.S. inroads

The Australian company, which purchased Video Gaming Technologies last month for $1.3 billion, is focusing on the U.S. market, according to CEO Jamie Odell.  read more

Multimedia Games sees profits decline in third quarter

The company said its net income for the quarter was $7.6 million, compared to $8.4 million a year ago.  read more

IGT grows profits despite revenue decline

IGT's revenue grew 10 percent in the third quarter compared to last year, but the company's revenue decreased 19 percent over the same period.  read more

The Reel Life: Protect your fingers edition

A Michigan woman went to a zoo and stuck her finger in a lion's cage. The lion promptly bit off the tip of her finger. Now, she's blaming the zoo.  read more

POKER News

POKER

WSOP.com pushes Nevada online poker revenue over $1 million in June

The site's increased traffic during the WSOP helped online revenue reach $1.037 million, the first time it has cracked $1 million since Nevada began regulating online poker.  read more

Amaya completes acquisition of Rational Group

Montreal-based Amaya Gaming has completed its acquisition of the Rational Group, the owner and operator of PokerStars and Full Tilt Poker.  read more

Did You Know
Did You Know?
Caesars Interactive, which owns WSOP.com, said the Nevada online poker room's traffic increased by 40 percent in June during the World Series of Poker.
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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 ways to fix Atlantic City's casino market
  1. Redevelop the Boardwalk
  2. Focus on conventions
  3. Entertainment/retail districts
  4. Great restaurants
  5. Secure the streets
  6. Expedite new development
  7. Embrace the boutique
  8. Close more casinos
  9. Keep Revel open
  10. No North Jersey casino