Fraud Plea Gets Casino Worker Probation

LAS VEGAS (AP) — A 31-year-old former Las Vegas casino worker has been sentenced in federal court to probation and to pay a portion of about $232,000 in restitution for his role in what authorities say was an $800,000 betting fraud scheme.
Matthew Kidle on Monday became the last of three former Palms Casino Resort race and sports book employees sentenced in the case stemming from horse races wagers between 2006 and 2007.
Kidle pleaded guilty last year to conspiracy to commit wire fraud, and the Las Vegas Review-Journal reports that Kidle apologized before sentencing by U.S. District Judge Jennifer Dorsey.
Former Palms sports book supervisor Michael Albanese was sentenced in July to one year in federal prison.
Former sports book ticket writer Kassie Baker was sentenced in May to three years’ probation.

Posted in News | Leave a comment

Cabinet divided over entry of US casino operator in PH

‘CABINET DEBATE.’ President Benigno Aquino III is awaiting the Cabinet recommendation on Caesars Entertainment’s bid to obtain a license to operate in the Philippines. File photo from the Malacañang Photo Bureau

MANILA, Philippines – Cabinet officials are divided over the possible entry of Caesars Entertainment Corporation (CZR) – America’s largest casino operator – in the Philippines, President Benigno Aquino III said on Wednesday, October 22.

Asked about the status of CZR’s plan to apply for a license to operate in the country at the Foreign Correspondents Association of the Philippines (FOCAP), Aquino said, “That is subject to debate amongst the Cabinet….I’m still awaiting the consensus coming from the Cabinet when they present it to me.”

He said that “there are sectors that are saying they (CZR) will not add to the gaming industry and the revenues, therefore, of government; there is a sector that says Caesars is a brand name that kind of tells the world that we’re, in a sense, we have arrived.”

In his 4-hour technical stop in Los Angeles in September, the last leg of his working visit to the US, Aquino met with CZR chairman Gary Loveman and Steven Tight, president of CZR’s international developing unit, upon their request. They expressed their interest to build a billion-dollar resort in the country.

So far, Aquino said only the Department of Tourism supports the proposal, while the Philippine Amusement and Gaming Corporation is against it, while the Department of Finance “is in between the two.”

“At the end of the day, they come in, is there a net gain or a net minus? And that is what I’m asking or waiting from the Cabinet clusters concerned to come up….We’re reviewing whether or not it is worth…all the attendant hassles,” he said, adding that the proposed casino-resort is expected to be opposed by the Church.

Aquino said CZR executives told him that the gaming aspect of their proposed Philippine venture only comprises 30% of the income, while the remaining 70% will come from the resort/entertainment aspect.

Posted in News | 3 Comments

Philadelphia 76ers Announce Partnership With Sugarhouse Casino

PHILADELPHIA, PA – OCTOBER 15, 2014 – The Philadelphia 76ers today announced that SugarHouse Casino has joined the team as an Official Partner of the Philadelphia 76ers.

“We are proud to add SugarHouse Casino to our growing roster of partners as we work with them in providing our fans with unique assets and events,” said Sixers Chief Revenue Officer Chris Heck. “We look forward to tipping off our road season with SugarHouse on October 29 and building together valuable parts of our in-game experience here in Philadelphia.”

“We’re Philly’s only casino, so we’re proud to partner with the Philadelphia 76ers,” said Wendy Hamilton, general manager of SugarHouse Casino. “The Sixers team this season is young and fun—all things we can relate to at SugarHouse—and we can’t wait to cheer them on.”

When the Sixers take the floor in Indiana for their first regular season game against the Pacers, SugarHouse Casino will host the team’s season “Tip-Off Viewing Party” on Wednesday, October 29 at SugarHouse Casino (1001 N. Delaware Ave., Philadelphia, PA 19125) from 6:00 to 10:00 p.m. (game tip-off at 7:00 p.m.). Sixers legends Darryl Dawkins and Ambassador of Sixers Basketball World B. Free will attend, along with members of the Sixers Phlight Squad, who will interact with fans and give away prizes. The “Tip-Off Viewing Party” is free to attend and open to fans 21 and over. This event is a part of Sixers Blue Week, presented by Independence Blue Cross.

SugarHouse Casino’s season-long promotions include hosting the $100,000 Buzzer Beater Challenge at 10 Sixers home games (detailed below). During a break in play, one lucky fan will have the chance to participate in a shooting challenge to win the cash prize.

Posted in News | Leave a comment

Casino Insider

Wynn Resorts Ltd. (WYNN) will release its third quarter financial results on Tuesday, Oct. 28, at 1:30 p.m. (PDT).
Dover Downs Gaming & Entertainment Inc. (DDE) has set Thursday, Oct. 30, at 6:30 a.m. as the time it will announce its earnings for the third quarter.
International Game Technology (IGT) will report fourth quarter and fiscal year 2014 financial results on Thursday, Nov. 6, after the market closes. There will be no conference call since the company is in the process of being acquired by GTECH.
Melco Crown Entertainment Ltd. (MPEL) will announce its unaudited financial reports for the third quarter on Thursday, Nov. 6, at 5:30 a.m. PDT.
Las Vegas Sands Corp. (LVS) says its board of directors has added Micheline Chau as a Class II director. Her term will expire in 2015.
Monarch Casino & Resorts Inc. (MCRI) said its third quarter earnings reached $4.1 million or $0.24 per share. Revenue during the period was $48.6 million.
North Star Mohican Casino Resort in Bowler, Wisconsin, has chosen to install an array of systems to be provided by Bally Technologies Inc. (BYI).
The three-deck Argosy Casino replica of a 1920s-era paddlewheel boat has moved from Sioux City, Iowa to Wood River, Illinois.
Geoff Freeman, president and CEO of American Gaming Association, has been named one of the top lobbyists in Washington, D.C., by The Hill.
Michael Thomas, former chairman of the Mashantucket Pequot Tribe in Connecticut, has filed an appeal to his conviction of embezzling monies from the tribe. He is serving an 18-month prison sentence.
The Poarch Band of Creeks Indians is expanding one of its casinos in Alabama. The tribe says it is spending $65 million for an expansion of the Creek Casino in Montgomery, Alabama.
Lakes Entertainment Inc. (LACO) has received a payment of $1.4 million from ONDISS Corp. for the transfer of Lakes’ remaining interest in Dania Entertainment Center in Florida.

Posted in News | Leave a comment

Celebrity chef partners with casino on eatery

Chef, restaurateur and best-selling cookbook author Guy Fieri, host of the popular Food Network program, “Diners, Drive-Ins and Dives,” has partnered with Mount Airy Casino Resort in Mount Pocono on the casino’s recently opened Guy Fieri’s Mt. Pocono Kitchen.

Open 24 hours a day, the restaurant serves some of Mr. Fieri’s most famous creations, including Bacon Mac ‘n’ Cheese Burger, Vegas Fries, Motley Que Pulled Pork Sandwich and Buffalo Blue-Sabi Wings. The drink menu features craft beers, Sonoma County wines from Mr. Fieri’s hometown and a frozen tap system shot bar and handcrafted Booze Hound Shakes made with vanilla frozen custard.

Posted in News | Leave a comment

Missouri should go smoke-free, especially in casinos

Have you ever sat at a winning slot machine or table game and have a person sit right next to you smoking a cigar or cigarette? You can’t breathe, and you don’t want to give up your winning seat. Yes, there are nonsmoking areas, but they have limited table games and slot machines.

Casinos are now the entertainment centers for senior citizens. Have Missouri elected officials or medical providers visited a casino lately? What’s up with casinos receiving exceptions to smoking bans?

In 2004, I had stage 4 cancer supposedly caused by secondhand smoke. I have never smoked a day in my life.

There should be no smoking in all public places. Companies who allow smoking should pay much higher premiums than nonsmoking companies. What about casino employees who have to stand there in a cloud of cigar and cigarette smoke? Jobs are hard to find, and sometimes working in a smoking place is all that is available.

If our elected officials can’t get a ban on smoking in public places approved, then put it on the ballot. The surgeon general has a warning on smoke products, but the state does nothing to protect the health of the people of Missouri.

All voting people, stand up and call your representative to make Missouri a smoke-free state. This includes banning electronic cigarette products in public places as well.

Posted in News | Leave a comment

Casino To Host “Britney Day” In Las Vegas

LAS VEGAS (October 24, 2014) Caesars Entertainment says pop star Britney Spears will get a key to the Las Vegas Strip and celebrate with her own dedicated day.

The Las Vegas-based casino giant announced Thursday that it would host “Britney Day” starting at 5:30 p.m. on Nov. 5 at The LINQ Promenade.

Caesars says that starting at 8 a.m., the first 100 people who prove that they, too, are named Britney will get two tickets to Spears’ “Piece of Me” show at Planet Hollywood Resort & Casino and a ride aboard the High Roller observation wheel.

The announcement follows reports that Caesars is talking with pop icon Jennifer Lopez to also perform at Planet Hollywood.

A Caesars spokeswoman says it hasn’t made any offer to Lopez.

Clark County has handed out 10 “keys” to the Strip so far.

Posted in News | Leave a comment

Judge Approves $110 Million Sale of Revel Casino to Brookfield

Atlantic City, N.J.’s Revel Casino will be sold to private-equity firm Brookfield Capital Partners LP for $110 million, a U.S. judge decided, rejecting Florida real-estate developer Glenn Straub ’s arguments he didn’t get a chance to top the bid.

Bankruptcy Court Judge Gloria Burns thanked Mr. Straub’s company for being the original, or “stalking horse,” bidder with a $90 million cash offer for the closed casino and hotel. But she supported Revel’s argument that it had to take a guaranteed Brookfield bid over the possibility of Mr. Straub’s higher bid.

“The sale was properly conducted and was fair,” Judge Burns said. Several other parties who objected to the sale were satisfied with minor wording changes in the sale order or with preserving their rights to object later, but Mr. Straub fought the sale for more than two hours.

Mr. Straub on Tuesday said he was prepared to top the $110 million cash bid from Brookfield at a Sept. 30 auction, but couldn’t immediately contact his financial advisers and was coping with a serious illness.

“I’m worrying about my life,” Mr. Straub said. His Polo North Country Club Inc. investment vehicle wanted more time to top the $110 million Brookfield bid, he said. Mr. Straub also accused the company of withholding information about competing bids, something Revel lawyers denied in court on Tuesday.

According to testimony on Tuesday from Moelis MC -1.13% & Co. managing director Barak Klein, Revel and its advisers decided not to wait on a potential new bid by Mr. Straub, fearing it could lose the Brookfield bid if it did.

When a 6 a.m. deadline came without a new bid submitted by Mr. Straub, Brookfield was declared the auction winner.

“It was in the best interest for sure,” said Moelis’s Mr. Klein, who advised Revel on the sale. “We had raised the [original] price 20 million bucks.”

Brookfield, which also owns Hard Rock Hotel and Casino Las Vegas, was named the winner of the auction for the 47-story boardwalk property, topping Mr. Straub’s final offer of $95.4 million with its $110 million bid. Brookfield plans to reopen the casino as soon as it gets the necessary licenses and permits.

“Your honor, this is a very important day for Revel and for Atlantic City,” said Revel lawyer John Cunningham at the outset of the hearing. Mr. Cunningham, of White & Case LLP, called Brookfield “the most logical buyer with a strong gaming background.”

Mr. Straub told The Wall Street Journal previously that would appeal the bankruptcy-court sale if it were approved. Mr. Straub is in line to collect a $3 million breakup fee for serving as the lead bidder.

Revel, built at a cost of $2.4 billion, filed for Chapter 11 bankruptcy protection a second time in as many years in June. Before shutting down, Revel employed more than 3,000 people, and its retail, food and beverage partners employ hundreds more, court papers show.

Posted in News | Leave a comment

Straight out of a Bond thriller: How a brilliantly cunning card sharp and his Chinese moll cheated a London casino out of £7million

The gambler eyed the cards being laid out on the baize table and murmured quietly to his attractive Asian companion. She had accompanied him, he told the staff at the London casino, purely for ‘good luck’.
But why then was she the one talking to their female dealer in Mandarin Chinese, persuading her to oblige her friend’s extreme superstitiousness with all manner of harmless little changes to the high stakes game of baccarat he was playing.
Some might have been suspicious, but casinos love the so-called ‘high-rollers’ willing to gamble millions in a single session. And they didn’t come much more high-rolling than Phil Ivey, regarded as the world’s greatest poker player.
Scroll down for video
A Mayfair casino will not have to pay poker player Phil Ivey£7.7million in winnings
It is believed that the poker player was helped by Cheung Yin Sun Cheung
A Mayfair casino will not have to pay poker player Phil Ivey (left) £7.7million in winnings after a High Court judge ruled the ‘edge-sorting’ technique he used, helped by Cheung Yin Sun (right), was cheating
His arrival at Crockfords in Mayfair, Britain’s oldest casino, the previous night had caused genuine excitement, not to mention a gleeful rubbing of hands.
As a casino inspector paced the private room, hung not only with chandeliers and oil paintings but also a battery of security cameras, the scene one August night two years ago could have come straight from the pages of Ian Fleming.

Posted in News | Leave a comment

Horseshoe Casino woos gamblers with wine

Horseshoe Casino Cincinnati has a powerful new attraction to draw discerning customers: vino.

The casino’s prime eatery, Jack Binion’s Steak, is one of a handful of local winners to nab Wine Spectator’s coveted “Award of Excellence” designation. The recognition honors restaurants with unique selections that complement their menus.

“This shows our complex and wide offerings of wine and that we’re very diligent about our program,” said Ross Highley, general manager of Jack Binion’s.

A local restaurant veteran, Highley has made several attempts to win the honor at other eateries, but it was only the casino that changed his luck. A total of 15 local restaurants won the magazine honor, and Horseshoe was the only casino to make the cut.

Jack Binion’s stands out even among other Horseshoe casinos: it is the only Jack Binion’s that offers its own private label wine, called Vintage 51. It’s private label wine and its selection of more than 200 wines designed to complement its steak menu.

Making the Wine Spectator’s list provides Horseshoe with bragging rights it hopes to leverage into gambling visits. This year, the casino has battled fiercely with Hollywood Casino Lawrenceburg for the No. 1 spot among the region’s crowded gambling market that includes three riverboat casinos in Southeast Indiana and three racinos in Southwest Ohio.

Horseshoe to smokers: Prepare to light up and bet

Rising Star owner: Not so fast, we might be for sale

The Horseshoe was the region’s fourth full-blown casino in Greater Cincinnati when it opened in March 2013. Since then, Miami Valley Gaming racino opened in December in Turtlecreek Township; Belterra Park opened in May in Anderson Township; and Hollywood Gaming at Dayton Raceway opened in August.

Located in Downtown, Horseshoe’s competitive strategy has varied from its suburban competitors. Horseshoe attracts more higher-frequency gamblers that stay for a shorter period during each visit. Hollywood, by contrast, attracts more gamblers staying for a weekend.

To attract its core customer, Horseshoe has opened with signature restaurants designed to draw customers such as Jimmy Buffett’s Margaritaville and Bobby’s (Flay’s) Burger Palace. The casino has also booked top entertainment acts to perform at its outdoor The Shoe and indoor Pavilion venues.■

Posted in News | Leave a comment