Author and journalist confesses in his new book that he is a problem gambler. He's lost money and ambition playing poker. And he's not sure he's hit bottom. But it's a problem Sam Skolnik says he shares with the whole country. America, he thinks, is enthralled with gambling and we need to rethink the idea that gambling is harmless entertainment. So what should we do about his addiction?
When Phil Ruffin bought the Treasure Island in 2009 many praised him for being a savvy businessman who dodged the economic crisis and snatching up a prime strip property for a bargain basement price. Now, two years after he bought Treasure Island Phil Ruffin is hard at work transforming Treasure Island from a resort with elements of luxury to a place that caters to mid level customers. Phil Ruffin joins us to talk about how his vision of Treasure Island is shaping up.
A new study from UNLVs Gaming Research and Review Journal says that when casinos change the percentage of payback on a slot machine by one to two percent players won't notice the difference. The study explains how slot volatility changes payouts and how percentage changes might impact how long player stay on a machine.
While Nevada and New Jersey legislators were thinking about legalizing online poker, it's become the law in the nation's capital. The District of Columbia has authorized its lottery office to run an online poker site and expects to rake in $4.3 million in 2012. Unless, of course, the Congress kills it. It's something of a mystery as to why Congress allowed the district plans to get as far as they have. We find out what's going on and how Congress is likely to react now that it's getting on the radar.
Sports books could soon be taking bets on things like election outcomes and winners of reality shows. The Nevada Gaming Commission recently approved rule changes that would allow casinos to take bets on non sporting events.
The Tropicana is undergoing a huge makeover to bring the property back to life after more than 50 years on the strip.
After emerging from bankruptcy executives from the the company that purchased the Tropicana, Onyx Corp.
Millions are on welfare, but where does that money go? Straight into the casinos, it seems! Californians spent nearly $12 million in Las Vegas casinos and drawn from ATMs. Governor Arnold Schwarzenegger is moving to block welfare debit cards in casinos.
Review Journal columnist and author John L. Smith joins us to talk about what is known as the "Vegas addiction," but what is it? And what are the moral questions for the gaming industry? We'll discuss those and hear the stories of a couple of high profile cases here in Las Vegas.
MGM Mirage has announced plans to sell its interest in the Borgata - the
newest hotel in Atlantic City. It is doing so because New Jersey Gaming
regulators have declared the company's Macau partner Pansy Ho an unsuitable
person to be working with a licensee.
So what went right and what went wrong in the Las Vegas Valley during the boom decade? That's the business of the Urban Land Institute and six local planners give us their take on what was good and bad in land use during the
recent runaway real estate market. They also tell us what we can expect and what we should hope happens over the next decade.
We hear about the latest developments with the Fountainbleau and Carl Icahn's bid to buy that property at bottom of the barrel prices. Many of the gleaming strip properties were once old hotels bought for a song.