BJ21.com Newsletter
August 20, 2010 100820
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
Rogers
Al@bj21.com
Station
Casinos settles with creditors over bankruptcy plan
Station Casinos Inc. of Las Vegas has settled with a second group of
creditors that had been fighting its bankruptcy reorganization plan,
likely keeping the plan on track for approval next week.
Gaming
board: Caesars Palace wrong to let player dance on baccarat table
CARSON CITY – Allowing a player to climb up, walk and dance on the top
of a baccarat table at Caesars Palace isn't a suitable method of
operation, the state Gaming Control Board says.
Panel
knew casino ATMs dispensed welfare funds
SACRAMENTO - Since the practice was disclosed two months ago, Gov.
Arnold Schwarzenegger's administration has repeatedly criticized the
fact that a state agency under his control was allowing welfare
recipients to withdraw cash benefits at casinos and other gambling
establishments.
Casino
Lawsuit - NM slot malfunction submitted to Supreme Court
“Tribes spend millions of dollars every year to lure non-Native
Americans onto their grounds to gamble in a commercial casino
environment,” Bregman said. “Then when someone feels they've been
cheated, they say, 'Sorry, you can't sue us.”'
Man
agrees to join AA, gets gaming license
A Las Vegas man received a state gaming license Thursday after he
agreed to give up drinking and join Alcoholics Anonymous.
Gaming
veteran gets OK to operate downtown casinos
The Nevada Gaming Commission has given final approval to casino veteran
Anthony F. Santo to operate three casinos in downtown Las Vegas that he
said are “losing money every day.”
Casino
partner claims Palms is worthless
The Maloof family's Las Vegas casino has struggled to the point that a
minority investment partner estimates the property is worthless.
Thanks to Green Chip member Mike
Keno
for providing the above link.
Long,
tough struggle ahead to shore up gaming industry
TRENTON, NJ - As political debates go, the one shaping up over the
Christie administration's comprehensive initiative to reform and
reinvigorate the state's gaming and entertainment industries threatens
to become the most prolonged and divisive struggle since the fight over
enactment of the state's first income tax in the mid-'70s.
Gov.
Christie’s Atlantic City plan ignores a big question: What to do with
Bader Field?
ATLANTIC CITY — In a city that stretches over only about 17 square
miles of land and water, it’s hard to imagine that more than 142 acres
of it could be forgotten.
Pinnacle
casino site in Atlantic City may sell at 70 percent discount
ATLANTIC CITY — Call it a 70 percent off sale — on a casino site. In
Atlantic City’s topsy-turvy real estate market, casino land coveted
only four years ago at the gaming industry’s pre-recession peak may now
be sacrificed for a bargain-basement price.
Analysis:
Too many tracks, fewer bets plague U.S. horse racing
With fewer fans wagering less money at too many racetracks, U.S.
thoroughbred horse racing is galloping toward a reckoning.
Wanted:
Table games dealers
Pennsylvania casinos are finding it difficult to find enough dealers
for their new table games.
M
Resort facing sale -- Main debt holder puts its stake in hotel-casino
up for auction ...
LAS VEGAS - The future ownership of the 17-month-old M Resort is
unclear after the bank controlling $700 million of the hotel-casino's
debt put its stake up for a private auction sale last month.
...
LVSC on new path without White
In the middle of the desert, Lee Amaitis and Kenny White, two powerful
figures in Nevada's sports gaming industry, squared off for a Wild
West-style shootout. When the smoke cleared, one was going down.
Singapore's
casinos take aim at the world’s major players
It's been a big weekend for Singapore with the city's leaders
celebrating the opening of the inaugural Youth Olympic Games - a S$400
million (230 million euros) - extravaganza they hope will put their
city on the map as an international sporting destination.
Las
Vegas Sands to pay down debt; investors cautioned
Las Vegas Sands Corp. plans to pay off more than $1 billion in
outstanding debt while extending the maturity of about 75 percent of
its loans by at another three years.
Harrah's
no "resort fees" policy discussed
Harrah's Entertainment last week announced it had dropped the daily
resort fees from its newest Las Vegas properties, Planet
Hollywood and the Westgate Towers, making it the only major
hotel-casino operator on the Strip that doesn't impose the surcharge.
Hotels editor Jeri Clausing talked with Michael Weaver, vice president
of marketing for Harrah's in Las Vegas, about the decision.
Monorail
proposes plan to cut $630 million in debt
The Las Vegas Monorail filed a reorganization plan Tuesday as part of
its ongoing bankruptcy proceedings.
Defendants
Agree To Forfeit $13.3M In Online Gambling Case
Two payment processors and their owner have agreed to forfeit $13.3
million to resolve claims that the funds were involved in money
laundering. The funds are alleged to be traceable to the Pokerstars
website based in the Isle of Man.
State of the States: The AGA Survey of Casino Entertainment
The AGA presents the 12th annual State of the States: The AGA Survey of
Casino Entertainment. Included in the report are details of the
national and state-by-state economic impact of commercial casinos,
along with data examining the continued growth of the racetrack casino
sector and the important economic contributions of the gaming equipment
manufacturing sector.
The Bear Growls
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
Casino
Abuse Combo: Get Beat the Players and Casino Abuse of Skilled Patrons
for a total price of $29.95. This
is a nearly 40% discount off
the regular price of
$49.90 for the two items. Order either item -- in the Special Instructions section of the
order form, specify Casino
Abuse Combo. Price will be adjusted when the order is filled.
Green Chip
members receive
an
additional 10% discount.
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.
Casino Abuse of
Skilled Players, presented
by Pi Yee Press.
BJ21.com presents a video of a
panel discussion regarding casino abuse of skilled players which was
recorded at a Green Chip party. The video includes frightening footage
obtained from casino surveillance cameras of a law abiding, skilled
player being handcuffed, forcibly backroomed and detained by casino
employees. This timely topic should be of concern to all players. The
panel included Stanford Wong, and featured prominent players
who are part of the BJ21.com community including DD', MathProf, and
Harry B. Advantage player attorney Bob Nersesian and Las Vegas Advisor
publisher Anthony Curtis were also on the panel. The video runs
approximately 1 hour and 20 minutes in length.
Skilled players speak of the harassment and mistreatment each has
received at the hands of casino employees. The three victims each sued
the casino that employed their assailants. One victim won a large jury
verdict, another victim's case was settled, and the third case is still
pending.
BJ21.com
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