March 19, 2009 090319
Presented as a public service
by BJ21.com, the leading source of accurate
information about casino games and conditions. Our free
weekly newsletter archive contains
back issues of our weekly newsletters.
Compiled by Al
Casinos to file for bankruptcy
LAS VEGAS - Station Casinos plans to file its prepackaged bankruptcy on
or before April 15, according to a Monday filing in Nevada federal
MGM Mirage gets
relief from lenders -- Auditors express 'doubt' on ability to
The casino operator, in danger of
defaulting on $7 billion of its long-term debt, announced Tuesday its
lenders had waived requirements that the company be in compliance of
its senior credit facility covenants until May 15. However, the
company said in a filing with the Securities and Exchange Commission
that auditors have raised "substantial doubt" about MGM Mirage's
ability to continue, Bloomberg News reported. The auditors' comments
increase the likelihood that the gaming company will need to file for
bankruptcy to restructure its debts, Bloomberg said.
... MGM Mirage
could use aid -- Analyst: 60 days not enough time for restructuring
Even with a two-month reprieve from its lenders, MGM Mirage won't be
able to weave its way through its current financial situation without
the help of a bankruptcy court, Wall Street believes.
$23.1 billion debt
hanging over Harrah's -- Gaming giant at risk of
default as revenue continues to shrink ...
Harrah's Entertainment may not be able to generate enough cash flow or
secure additional loans to service its $23.1 billion debt, the company
said Tuesday in a filing with the Securities and Exchange Commission.
Harrah’s owners offer to buy outstanding debt
Harrah's Entertainment Inc. today said the companies that took it
private and now own it are increasing their investment in the gaming
company by offering to buy up to $350 million of Harrah's outstanding
breakup won’t break up company -- Their divorce is expected to
be amicable, businesslike
Steve and Elaine Wynn are ending their marriage, but the business
partnership that built Wynn Resorts into a Strip powerhouse is not
it all on bankruptcy? -- Strict regulation of industry, high earnings
potential, make Chapter 11 a desirable option
Finally, a bit of good news for Las Vegas: Our casino behemoths might
seek Chapter 11 bankruptcy protection.
Rock Hotel posts $282.3 million loss in 2008
LAS VEGAS - Hard Rock Hotel and Casino posted a yearly net loss of
$282.3 million for 2008, according to a 10-K Security and Exchange
Commission form filed today.
seek help identifying man who died in fall from Circus Circus parking
RENO - An autopsy was being done this morning on a man who fell from a
fourth-floor parking garage after he ran from security who tried to
contact him on the roof of a downtown Reno casino.
Downtown loses key patrol service
RENO - The program was axed as part of city negotiations with the Reno
Police Protective Association during the budget crisis, when city
officials threatened to lay off seven officers if the union did not
agree to forgo raises. During the 2007 and 2008 fiscal year, the
reserve program cost $276,000.
approved to purchase Treasure Island
The Nevada Gaming Commission approved Phil Ruffin's $775 million
purchase of Treasure Island from MGM Mirage this morning.
N.J. regulators extend deadline for Tropicana sale
New Jersey gaming regulators extended the sale deadline for the
Tropicana Casino and Resort in Atlantic City once again on Wednesday.
screw-up a 'first' -- OLG says malfunction that led retiree to believe
he'd won millions never happened before
CANADA - A slot machine malfunction that told a Wasaga Beach retiree he
hit a $42.9-million jackpot is the first of its type, the province's
slot regulator said.
Seeks to Expand Reach of Vegas Sportsbooks
Tough economic times are motivating governments across the country to
consider innovative solutions to mounting revenue problems.
The Bear Growls
Long-time Las Vegas-based advantage player, casino critic, and frequent
contributor LVBear offers his opinions on things that sometimes go
wrong in the world of casinos.
Current and past growls can be read and comments posted at LVBear's
Poker for the Intelligent Beginner by Bob Dancer
Bob Dancer's real-life video poker successes are legendary, but he's
also a world-class teacher. Now, after years of creating the industry
standards in video poker reports, strategy cards, and software, Dancer
has written the quintessential beginner's guide on the game. Video
Poker for the Intelligent Beginner is a how-to-win blueprint for
players seeking the fast track to the upper levels of this beatable
game. First, you'll master the techniques for finding and identifying
the highest-returning games. Then you'll learn how to generate,
understand, and implement the computer-perfect strategies that yield
the ultimate goal: monetary profit!
In addition, Video Poker for the
Intelligent Beginner imparts Dancer's professional insight
the game's many nuances and related considerations, including in-depth
coverage of slot clubs, casino promotions, progressives, team play,
scouting, and tournaments. Plus, this book explains in detail how
Dancer's powerful Video Poker for Winners! software can be employed to
solve previously unanswered questions about bankroll needs, promotions
analysis, and profit potential.
The price is $24.95 (plus sales
tax if sent to a Nevada address) Order Video Poker for the Intelligent Beginner
Beat the Players - Casinos, Cops and the
Game Inside the Game, by Bob Nersesian
book should be read by everyone who sets foot in a casino: average
casino patrons, skilled players, casino employees, and anyone else. It
should be required reading for police officers, regulators, other
public officials, and attorneys who may represent any of the
aforementioned. Beat the Players
was the subject of a
feature in USA Today.
Nersesian is an attorney who represents victims of casino wrongdoing
against patrons. In an enjoyable writing style, he takes a look at the
often too-cozy relationship between casinos, police, and regulators. He
discusses specific cases and dispenses sound, practical advice that
patrons, casinos and public officials would be wise to heed. Cases
discussed are from Nevada and other jurisdictions.
include: Your Money or Your Liberty; Scary Cop Statements; They'll Take
Your Liberty Anyway; Gaming Agents Speak; The Take of the State; Rules
for Casino Patrons; Gambling at the Legal Limits; Cops Hate Card
Counters; Griffin Investigations; Casinos Cheat With Impunity; A
Judicial and Government Overlay; Finding a Nickel Brings Trouble; Names
and Aliases; The Security Office and Surveillance Functions, and
Casinos and Cops.
include Nevada Cheating and Detention Laws with Commentary; Other
Nevada Gaming Laws of Interest; Gaming Cases of Interest, and Nevada
Gaming Regulations with Commentary.
320-page book includes a bibliography and an index.
price is $19.95 plus shipping (plus sales tax if sent to a Nevada
address). Green Chip
members get their normal 10% discount .Order Beat
Blackjack, Poker, Craps, other casino-related free
message board and Green
If you are serious about beating casinos, you like to talk about it
once in a while. You like to discuss strategy, and you like to discuss
what is going on in casinos you plan to visit. If you are like most
of the gamblers of the world, your family and neighbors and coworkers
prefer to talk about things other than casino games. If
you want to broaden your circle of friends to include more people
willing to discuss real casino winning principles, Green Chip is for
Request a copy
of our free catalog of products and services.
Chip members receive complimentary three-month memberships
to Blackjack Insider, a
blackjack newsletter published monthly by e-mail since 2001, and to The Dice Institute's Members Only
Forum and Message Board.
Current Blackjack News
On the 1st and 2nd of every month, a couple dozen Pi Yee Press
reporters visit casinos around the United States to check on the
blackjack rules and playing conditions. Five of those reporters split
up Las Vegas and visit every casino in town. Any changes in rules and
playing conditions that they find, they email to the CBJN editor, who
compiles them into a newsletter that is published late in the afternoon
on the 3rd. That report is available as a single issue, your choice of
e-mail or regular mail. The price of a single issue is $13 for
electronic or $16 for regular mail. Sample issue of Current Blackjack News.
You can subscribe to download CBJN from the BJ21 web site. The price is
$27 per quarter (three issues) or $89 per year (twelve issues) by
Visa/MC/AmEx with automatic renewal. Minimum subscription is one
quarter. Order Current Blackjack News
This free newsletter has been sent to you by:
Pi Yee Press, 4855 West
Nevso Drive, Las Vegas, NV 89103, phone 702-579-7711.
Don't want to
receive our newsletter? Unsubscribe.
Please send an email to
firstname.lastname@example.org if you have
your email address, and are still receiving this newsletter. We
do not want you to receive our newsletter if you do not wish
to receive it.