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February 9, 2009

Casino City Times Weekly Newsletter
February 9, 2009

Latest From Our Strategy Experts

arrowMark Pilarski: Anytime is the right or wrong time to play

Anytime is the right or wrong time to play
Pilarski digs into his mailbox and explains to one of his readers that your chances of winning have nothing to do with what time of day you play because casinos don't loosen machines at their discretion.  read more

Featured Story

Steve Wynn scores big again with intimate Encore Las Vegas

After taking an up-close and personal look at the newest resort on the Las Vegas Strip, Casino City's Gary Trask found that while Encore Las Vegas appears to be identical to its sister casino on the outside, Steve Wynn's newest creation provides an entirely different experience than Wynn Las Vegas.  read more
Steve Wynn scores big again with intimate Encore Las Vegas



Investors with Vegas ties linked with Madoff

High-profile attorney Sam Lionel and former Stratosphere owner Lyle Berman are two investors linked to Bernard Madoff, a financial adviser who allegedly ran a Ponzi scheme that bilked investors of $50 billion.  read more

Station Casinos still seeking to build

The troubled casino company is planning to file for bankruptcy in March, but that isn't stopping it from proceeding with plans to build a $200-million Indian gaming casino in Michigan.  read more

Hard Rock readies for second Las Vegas opening

The new 42,000 square-foot, three-story Hard Rock Cafe is located on the Strip and is scheduled to open July 9 with more than 500 employees.  read more

Judge allows Detroit casino to borrow needed cash

A U.S. Bankruptcy judge ruled that Greektown Casino can borrow the money it needs to complete its new 400-room hotel.  read more

Trump casinos get deadline extension

The casino company and its bondholders agreed to a week-long extension of their negotiations on a $1.25-billion debt restructuring.  read more

Wynn gets praise for cuts

Wall Street praised Wynn Resorts for reducing expenses by as much as $100 million, without having to impose layoffs.  read more

Rhode Island might buy out failing casino

The state might buy out the struggling Twin River casino, which is Rhode Island's third-largest revenue source.  read more

AC casino jobs cuts continue for sixth straight month

Nearly 600 employees lost their jobs last month as Atlantic City's casino work force reached its lowest level since 1988.  read more



Maryland receives six slot bids

Six companies proposed to build Maryland slots parlors with a total of 10,550 gambling machines - far short of the 15,000 maximum slot machines allowed under the new constitutional amendment.  read more

The Reel Life

The Reel Life has a warning to all parents: Don't let your child play with the telephone, especially if you are committing a felony at your house.  read more



Jennifer Harman to host charity tournament

The professional poker player will host a poker tournament March 11 at Reno's Grand Sierra Resort and Casino to benefit the National Kidney Foundation.  read more

Poker being used to lure gamblers to racetrack

Tired of losing customers to casinos, a Metro Detroit racetrack has come up with a novel way to win them back: poker.  read more

Pennsylvania governor backs legalizing video poker

Gov. Ed Rendell will ask the Legislature to legalize video poker machines to provide tuition relief for families.  read more

Did You Know
Did You Know?
The 176 sportsbooks in Nevada accepted more than $81.5 million in wagers on this year's Super Bowl and won a collective $6.6 million.
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