CEO Shuffle at Scientific Games – Vegas Seven

In this week’s Green Felt Journal, I take a look at the CEO transition at Scientific Games: In a move with big repercussions for the gaming industry, manufacturing giant Scientific Games recently announced that its chief executive officer, Gavin Issacs, is being replaced by former Norwegian Cruise Line CEO Kevin Sheehan. This is a major transition … Read more

Slots in MD offer more competition

Maryland’s first slots parlor has just opened. From the Philly Inquirer: Tim Wilmott, chief operating officer and president of Wyomissing, Pa.-based Penn National Gaming Inc., joined Maryland Gov. Martin O'Malley in a ribbon-cutting for the $97.5 million casino, whose doors first opened to the public Monday after trial test days last weekend.O'Malley praised Penn National … Read more

Penny slots most profitable in 09

I’ve been trying to answer the question, “Why are slot hold percentages generally increasing” and have come to the conclusion that player preference for high-hold, low-denom games is a major factor. Finishing up a paper on the question, I thought I’d share some raw data: Between 2000 and 2003, the Gaming Control Board didn’t list … Read more

Things are getting worse…

…but I see a silver lining. In fact, you could argue that things are getting a whole lot better. It’s just a matter of perspective. Specifically, we’re talking about July’s Nevada gaming revenues being down. From the LV Sun: For the seventh straight month, casino winnings on the Strip slumped, falling 14.6 percent in July … Read more

New slot scam, and a whacky estimate of casino theft

There’s always an arms race of sorts going on between slot cheats and casino security. The cheats figure out a way to rip off the machine, the security folks learn how to detect and prevent it, so the cheats come up with a new scam. Ad infinitum. Now, surprise surprise, comes news that ticket-in/ticket-out machines–which … Read more