The attached Audio file includes some additional commentary. 

Vegas Backed Itself Into a Corner

For decades, Las Vegas was the undisputed capital of entertainment value. Tourists came in droves—ready to spend, ready to play, and ready to get a bargain while doing it. Buffets were cheap, hotel rate...

Let me say something that might sound strange coming from someone who teaches casino strategy:
If you're only focused on the math, you probably shouldn't be in a casino.

I recently had someone take one of my craps strategies and break it down by the numbers. Their conclusion?
“It’s not a winning st...

In the glittering oasis of Las Vegas and beyond, a subtle but significant transformation has been taking place over the past several years. The traditional bread and butter of casino resorts—the gambling floor—is increasingly competing for customer dollars with the very amenities originally designed...

The plush carpet, a dizzying swirl of crimson and gold, muffled the clatter of chips and the incessant whir of slot machines. Arthur, a man whose tie strained against his burgeoning midsection, surveyed the casino floor like a general assessing a battlefield. He’d arrived with a crisp wad of hundred...