BJ21.com Newsletter
May 22, 2009   090522

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Compiled by Al Rogers
 Al@bj21.com


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.

N.J.: 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 managing partner, 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 race book.

Settlement 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.

Harrah’s 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.

Equity 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 bankruptcy protection.

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.

Poker 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 administration.

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 might work.

... 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.

Reno-area 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.

There 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.

Dolce 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.

Study 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.

Georgia Man 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 the quote.

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.

Southwest 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.

Blackjack, 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.

NV 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.

Can 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 senate.

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 Board.

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 adjustment

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.

Fusion 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 customer dis-service

Long-time Las Vegas-based advantage player, casino critic, and frequent BJ21.com 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 website, TheBearGrowls.com

By LVBear
LVBear584@cox.net

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.



Sharp Sports Betting, the book, by Stanford Wong          2009 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 Betting 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.


Casino-ology  by Bill Zender      Casino-ology 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

This 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.

Bob 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.

Chapters 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.

Appendices include Nevada Cheating and Detention Laws with Commentary; Other Nevada Gaming Laws of Interest; Gaming Cases of Interest, and Nevada Gaming Regulations with Commentary.

The 320-page book includes a bibliography and an index.

The 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 the Players.


The Color of Blackjack  focuses on KO count

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.


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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 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.

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