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May 7, 2012

Casino City Times Weekly Newsletter
May 7, 2012

Latest From Our Strategy Experts

arrowJohn Grochowski: A Guaranteed Way to Lose at Roulette

A Guaranteed Way to Lose at Roulette
Grochowski takes a look at some of the worst bets in roulette and counsels players to stay away from them.  read more

Featured Story

NASCAR extends Champions Week run in Las Vegas

NASCAR's Sprint Cup Series Awards and Champions Week will remain in Las Vegas for three more years thanks to a deal inked this week. NASCAR has held its Champions Week in Vegas for the last three years, and is pleased with its "electric" atmosphere. (Photo by El Biffster, licensed under the CC BY 2.0 license)  read more
NASCAR extends Champions Week run in Las Vegas



Ohio licenses Horseshoe Casino Cleveland

The Ohio Casino Control Commission licensed the casino last week, allowing the property to open May 14 as the state's first full-service casino.  read more

Good-bye Sahara, hello SLS Las Vegas

Sahara owners SBE Entertainment Group have completed the proces to acquire $300 million in financing so it can bring the Sahara back into an operation in 2014.  read more

Sports betting gets a push in New Jersey

Reps. Frank LoBiondo (R-N.J.) and Frank Pallone Jr. (D-N.J.) announced a unique partnership on Monday to lobby for bills which would exempt New Jersey from current federal law banning sports wagering.  read more

Macau gaming revenues hit $3.1 billion in April

For the first four months of 2012, gaming revenues in Macau have increased 25.7 percent, according to figures released Wednesday by the Special Administrative Region's casino regulators.  read more

Macau approves $3 billion Wynn Cotai resort

The approval of the land concession contract paves the way for construction to start on a new 51-acre casino resort on the Cotai Strip.  read more

MGM Resorts sees 'imminent' approval for Cotai Strip

MGM Resorts Chairman and CEO Jim Murren said Wynn receiving approval from Macau to build a $3 billion resort on Cotai is a positive sign for MGM.  read more

MGM Resorts revenues increase 51 percent in first quarter, but net loss also grows

The casino operator said Thursday it lost $203.3 million in the period that ended March 31, compared with a loss of $89.8 million in the same quarter last year.  read more

Caesars' net loss nearly doubles, but revenues rise

Caesars told investors the results were due largely to a noncash impairment charge covering a canceled casino project in Biloxi, Miss.  read more

Ameristar Casinos nearly doubles its first-quarter profits

The Las Vegas-based regional casino operator said its net income for the quarter that ended March 31 was $41.4 million, compared to net income of $21.8 million for the same period in 2011.  read more



Slot points for spinach? One company says yes

Golden Gaming launched Checkout Rewards last week, a players club dedicated to grocery shoppers.  read more

Table Mountain Casino's massive cash jackpot pays big

The jackpot was hit on a $1 Game King Poker Machine and paid Jill of Fresno $137,916.58.  read more

The Reel Life

If you need paramedics just before you try to rob a bank, it might make sense to abort the mission. But that's not a lesson everyone has learned.  read more



Casino City Gang: What a mess edition

Casino City's Vin Narayanan and Aaron Todd look at the implosion of Groupe Bernard Tapie's takeover of Full Tilt, discuss the new World Series of Poker Asia-Pacific and gambling in Massachusetts.  read more

WSOP announces partnership with Crown for Australian poker series in 2013

The World Series of Poker Asia-Pacific will take place April 4-15, 2013, at Crown Melbourne and feature five WSOP gold bracelet events.  read more

Poker icon "Amarillo Slim" Preston, 83, dies

Preston dominated the game long before growth of televised poker and was one of poker's most accomplished cash-game players.  read more

Did You Know
Did You Know?
The refurbished Sahara, which will be known as SLS Las Vegas, will have about 1,600 hotel rooms.
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