May 22, 2009 090522
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MGM Mirage wraps
up $2.6 billion restructuring -- Operator announces plans to manage
three new Dubai resorts
MGM Mirage completed its $2.6 billion corporate restructuring effort
Tuesday, the same day the company announced it would be involved in a
$4 billion project to build and operate smaller, nongaming versions of
the Bellagio and MGM Grand in Dubai.
MGM Mirage should ‘disengage’ from Macau partner
Regulators in Nevada and Mississippi cleared MGM Mirage's partnership
with the Ho sisters for their Macau casino -- but New Jersey regulators
don't see it that way and are recommending rejection of the deal.
CityCenter condo prices not bending to market -- MGM Mirage isn’t
budging, though some buyers may walk away
LAS VEGAS - Buyers of CityCenter condos are urging the project’s
MGM Mirage, to lower prices on the units by 30 percent to 50 percent to
better reflect the valley’s sagging condo market.
Poker Palace hit with $250,000 fine
A North Las Vegas casino has agreed to pay a $250,000 fine for allowing
a group of alleged illegal bookmakers to lay off bets at the property’s
reached in widow's casino jackpot dispute with Harrah's
ATLANTIC CITY - A 79-year-old widow who claims she was cheated out of a
slots jackpot at Harrah's Resort has reached a settlement with the
casino just days before her lawsuit was scheduled to go to trial.
CEO sees signs of stability -- Gary Loveman says despite downturn,
industry’s fundamentals are strong
Gary Loveman, CEO of the world’s largest casino operator, said during a
television interview Wednesday that Harrah’s Entertainment is in a more
stable place than last fall and earlier this year.
firm plans to take over Tropicana
Gaming newcomer Onex Corp., a private equity firm with $10 billion
under management, says it's proceeding with plans to take over the
Tropicana hotel-casino in Las Vegas as the property emerges from
Sharp dip reported in value of Maloofs' Vegas casino
Station Casinos Inc. of Las Vegas, said its stake in the Maloofs' Palms
Casino Resort has dropped 87 percent since January 2008. Based on
Station's declaration, filed with the Securities and Exchange
Commission, the value of the Palms fell to an estimated $50 million
March 31, from $386 million 15 months earlier.
players swarm site seeking input on big issues
WASHINGTON, D.C. - Those merry pranksters of the legislative
process are at it again. During his transition to the White House,
President Barack Obama asked Americans to send him their policy
priorities, the makings of a Citizens Briefing Book for his new
Delaware's sports-betting system yet to take shape ...
Even on Thursday, as Gov. Jack Markell signed the enabling legislation
in a Delaware Park VIP lounge, in front of a giant video scoreboard
that listed odds on all that day's sporting matchups, few in the state
were willing to bet on just how Delaware's new sports-wagering system
... Expert Says
Sports Betting in Delaware Will Bring Big $$
Delaware’s soon-to-come second plunge into sports betting is likely to
hurt regional competitors, according to a local gaming analyst.
Atlantic City could be particularly hard hit.
gaming: 'The strong will survive'
RENO -In the future, Reno's gaming survivors will have to be bigger and
better than anything California tribal gaming can throw at them.
are positive signs for downtown gaming's future
RENO - Gary Carano, general manger of the Silver Legacy Resort Casino,
hopes for a stable and profitable future for the Legacy and the
adjacent Eldorado Hotel Casino.
restaurant abruptly closes amid controversy
RENO - Dolce Enoteca e Ristorante in the Grand Sierra Resort and Casino
abruptly closed late Monday afternoon after GSR officials seized
control of the restaurant and served the Dolce Group, its owners, with
a notice of lease termination.
critical of 2 Emerald Queen casinos in WA
TACOMA - A report commissioned by the Puyallup Tribal Council last
summer is severely critical of the tribe's two Emerald Queen casinos,
across Interstate 5 from each other in Fife and Tacoma.
Thanks to Green Chip member handymn
for providing the above link.
Offers Hookers Free Bus Tickets
BRUNSWICK, GA - A Brunswick business owner fed up with prostitutes in
his town has decided to do something about it. ... "Send them to
Las Vegas. It's legal out there, you know. If they want to be a
prostitute, go where prostitution is legal. ..." NOTE: Prostitution is NOT legal in
Las Vegas, but the writer of the article did not note the inaccuracy in
Man with $14.7 million in gambling debts pleads not guilty
LAS VEGAS - Nebraska philanthropist Terrance K. Watanabe pleaded not
guilty Wednesday to felony charges of theft and passing bad checks in
connection with $14.7 million in gambling debts.
in holding pattern for growth in Las Vegas
Although local resorts are seeing a glimmer of recovery from the foul
economy with booking windows expanding, the busiest airline at McCarran
International Airport isn’t seeing the same trend.
Black Gaming announces layoffs, business closures
Black Gaming LLC today announced additional layoffs as the economic
outlook continues to decline for its Mesquite hotel-casino operations.
Contributed by AndyBloch ...
Someone wrote a little app for the iPhone/iPod Touch that supposedly
helps you count cards. At least, that's what the California Bureau of
Gambling Control and the Nevada Gaming Control Board believe (and
that's what the owner of the app wants people to believe so more apps
are sold). The Nevada GCB thinks it's such a big threat that they sent
a letter to casinos informing them of the program. Maybe they ought to
set up metal detectors at the entrance to casinos.
Thanks to Green Chip member drumz1
for providing the above link.
Ipod Casino Dispute Illustrates the Tenuous Relationship Between
Gambling and Technology
A few months ago, Nevada gaming regulators warned casinos of the newest
threat to their eroding bottom line: the iPhone. A card-counting app
had been making the rounds, and nothing scares pit bosses more than a
bunch of geeks with mini-computers in their hands. The program features
a "stealth mode" which keeps the screen dark while a vibration warns
you of favorable counts - a useful app in Vegas, indeed.
regulators end casino bets on Reno Aces
Several northern Nevada casinos have been taking wagers on Reno's new
Triple-A baseball team since the season opened. Not anymore.
Idaho's former A.G. swallow his dislike of gaming?
It’s been nearly 20 years since Larry EchoHawk was elected state
attorney general, but to Idaho Democrats it is the just-yesterday story
of the 1990 Idaho election that resulted in a 21-21 tie in the state
Six questions for Mark Clayton, Nevada gaming attorney
With a wide-ranging career as a corporate attorney, Nevada gaming
regulator and gaming attorney in private practice, Mark Clayton has an
industry perspective few can match. Clayton joined Lionel Sawyer &
Collins in January after four years as a member of the Gaming Control
With gambling market smaller, casinos will have to do more with less
LAS VEGAS - The March gaming and tourism numbers are out, and they
paint a paradoxical picture, though only time will tell whether the
bottom is near or somewhere in the distance.
M Resort slashes
staff by 5 percent -- Hotel-casino CEO says layoffs a normal part of
LAS VEGAS - The recently opened M Resort laid off about 5 percent of
its 2,000-person work force this week.
Jury to decide fate of "Mr. Casino" in Foxwoods craps cheating trial
A six-member jury was expected to start started deliberations Thursday
to decide if Taylor, of Memphis, Tenn., is guilty of leading a craps
cheating scam at Foxwoods Resort Casino that involved a group of
crooked dealers he had enlisted.
center’s attention on prevention -- Example: Suspicion raised by
photo-taking at casino
Taking photos on the Strip is about as common as the betting at its
blackjack tables. Thousands of tourists go unnoticed every day
capturing their favorite Las Vegas attractions on film.
The Bear Growls: Circus Circus Reno
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
With the exception of its excellent sportsbook, Circus Circus Reno
has long been one of the worst-managed casinos in the Reno area,
seemingly actually being run by clowns. Old and dirty, with paranoid,
unfriendly pit personnel, most dealers suffering from shuffling
disease, and featuring house-ordered preferential shuffling even
against tiny-stakes players, the dump is a burn joint.
But it has hit a new level of stupidity. Circus Circus Reno sends
emails with weekly free play offers that formerly were able to be
loaded directly onto customers’ cards by use of the PIN, ready for
immediate use on the machine(s) of the customer’s choice. But now, the
system has been changed to instead create a new “line-standing
opportunity” for patrons. To “validate” the free play, patrons now must
now stand in the long, typically slow-moving lines at the players club.
When a patron asked the players club manager the reason for this
newly-concocted stupidity, the manager replied that most patrons
“prefer standing in line” to directly loading the free play into a
machine, because “now we can offer more free play.” Further questioning
revealed the manager had no clear idea as to what she was talking
about, as she provided nonsensical answers to simple questions. Among
other things, she claimed the “new computer system” is unable to
correctly set the dates on which the free play should be automatically
activated, so it must be done manually at the players club. Because
many other casinos with supposedly older computer systems can handle
this mundane task, it is hard to know if the players club manager was
lying or really is as ignorant as she seemed. The claim that most
patrons prefer wasting their time standing in line instead of directly
loading their free play is mind-boggling.
I hope top management at Circus Circus looks at this absurd
situation and takes corrective action before more customers are lost
forever because of this stupidity.
Sports Betting, the book, by
printing now available
Millions of dollars are wagered on sports events each year. Most people
give up a part of their bet to the house, while some "sharp" bettors
actually turn a profit for themselves. Sharp Sports Betting by Stanford
Wong is a revolutionary text on getting the edge over bookmakers. Much
of this information has never before been seen in print.
Some important topics covered in this book are:
Money management - Proper money management lets you win more than if
you simply make flat bets. Sharp Sports Betting explains when to bet
more, and how much to bet.
Internet sports betting - The Internet has opened up the opportunity
for people to bet on sports without visiting Nevada. Along with making
bets on the Internet, there are many important things to know. How do
you open an account? How do you get bonuses? What do you do if they are
slow to pay you?
Parlays - Parlays are risky; you can lose faster or you can win faster
than with straight bets. Sharp Sports Betting explains the mathematics
behind parlays. It explains how to make parlays that give you an edge
over bookmakers. It will help you answer questions like, "Should I
parlay these two bets?" "Should I bet off-the-board or with a parlay
card?" "A casino is offering 7:1 on a 3-team parlay. Is that good?"
Props - Do you ever bet on how many of something is going to occur,
such as how many games your favorite team is going to win during the
coming season, or how many field goals will be kicked during the Super
Bowl? Sharp Sports Betting explains how to evaluate such prop bets to
find the nuggets.
Historical NFL data - Have you ever wondered how frequently certain
spreads are achieved? When you should buy a half point for a dime? How
big a deviation you need from the posted spread to get an edge? When
should you bet the money line instead of the spread? Sharp Sports
Betting has the answers to all these and more. The 2009
printing has data through the 2008-2009 season.
NFL teasers - Since football points often come three or seven at a
time, some final scores are more common than others. The sharp sports
bettor can take advantage by making teaser bets. Sharp Sports Betting
explains which teams to tease to get an edge over bookmakers.
And lots more… If you are brand new to sports betting and want the
basics on how to place bets and what the different information in a
sports book means, Sharp Sports
gives the answers. If you're a seasoned pro and want explanations of
how to analyze the various betting options available in sportsbooks, Sharp Sports Betting has much
essential but never-before-published information.
The price is $19.95 plus shipping (plus sales tax if sent to a Nevada
address). Order Sharp Sports Betting.
by Bill Zender
provides contrarian solutions to common gaming management issues.
It is must reading for
patrons and casino employees.
Bill Zender knows the art of casino management. In addition to having
worked in, managed, and owned casinos for decades, Zender has also been
an enforcement agent for the Nevada Gaming Control Board, as well as
spent time as an advantage player, exploiting the vulnerabilities of
casinos from the civilian side of the tables. Today, he travels the
globe consulting for the international casino industry.
In Casino-ology, Zender
argues against excessive card-counter and
shuffle-tracker countermeasures in favor of hand production to increase
profits, and concludes that rhythmic dice rollers aren.t the threat
they.re made out to be. He details the dangers of customer-service
breaches; ill-conceived non-negotiable-chip programs; and past-posting,
marked-card, and false-shuffle scams. He addresses player tracking
systems, 6-5 payouts for blackjacks, the subtleties of marketing to
Asian customers, nuances of the derivative pit games, even the science
of turning around a distressed casino.
By challenging long-cherished conventions, Casino-ology provides
contrarian and radical, but proven, solutions to common gaming issues.
The price is $39.95 plus shipping (plus sales tax if sent to a Nevada
address). Order Casino-ology by Bill Zender.
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
of Blackjack focuses on
The Color of Blackjack focuses on the KO counting system. It is
68 pages, and features many full-color charts.
Ken Smith, longtime
professional blackjack player and author, says:
I've known Daniel Dravot for quite a few years now. He's a successful
and experienced pro player. He's been on the road playing blackjack all
over the country for many years and gambling has long been his sole
source of income. What I did not know was that he uses KO as his count
system. That was surprising to me. Even though I have long recommended
KO to new players, I always thought there was a small performance
penalty to pay for the simplicity and convenience of KO. The Color of Blackjack describes his
addition to KO which is a workable way to gain some of the advantage
you could have with TKO (True-Counted KO).
George C, longtime
professional blackjack player and author, says:
I've known Daniel Dravot for quite some time. He not only talks the
talk but walks the walk. He's made a nice haul over the last few years
and it's outlined in the book.
The price is $24.95 plus shipping (plus sales tax if sent to a Nevada
address). Green Chip members receive a ten percent
discount. Order The Color of Blackjack.
Blackjack, Poker, Craps, other casino-related free
message board and Green
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you want to broaden your circle of friends to include more people
willing to discuss real casino winning principles, Green Chip is for
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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
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