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Foul Play

Be careful what you wish for, NBA Commissioner Adam Silver, you are liable to get it. Silver wanted sports betting and, over the last seven years, has seen the consequences come home to roost in his league. Whereas the NFL cleaned up its sports betting problem (consisting mainly of player stupidity) fairly expeditiously and Major League Baseball comes down like a ton of bricks on offenders, the NBA remains dogged by scandal. (Can you say “Jontay Porter“? We thought so. How about “Malik Beasley“?)

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… And They’re Here To Help

Not! It’s time for Stupid Government Tricks, in which the guvmint blunders into gambling oversight, usually with disastrous consequences. First up is Chicago Mayor Brandon Johnson (D), who wants to double down on Illinois Gov. J.B. Pritzker (D) and his usurious tax on sports betting handle. Seeing all the money the state stands to make (and possibly affrighted by the specter of predatory prediction markets), Johnson proposes a 10.25% tax on OSB revenue. It’s all part of a tap dance to cover a gaping budgetary hole. The target amount? $26 million a year.

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Atlantic City Levels Off

After a good summer, gambling winnings in Atlantic City have plateaued in September, achieving $230.5 million. The coffee achiever of the Boardwalk was Ocean Casino Resort (above), catapulting 39% to $39.5 million. Hard Rock Atlantic City was still ahead at $45.5 million (2%) but that might be too close for comfort. Borgata led with $63 million but had the flattest grosses in town.

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Shocker from MGM

See that fancy-schmancy vision of an upgraded MGM Empire City? Well, it ain’t happening. In the shocker of the year, MGM Resorts International yanked its New York City casino bid from consideration yesterday. What the company said was less interesting than what it didn’t say: It’s essentially pulling the plug on casino operations in the Big Apple altogether.

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A Desert Mirage?

Surprisingly few victory laps were taken after Las Vegas Strip gambling revenues spiked 5.5% in August, helped by tighter hold. Perhaps it was the simultaneous, inconvenient disclosure the visitation slumped 6.5% that same month which quelled exuberance. Sin City is in a world of hurt, unlike regional casinos, and it’s not easy to spin right now. To the numbers …

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Pretty Pictures and B.S.

It’s the easiest thing in the world to build a casino megaresort if you don’t plan on paying for it. We learned that from Sheldon Adelson, who erected The Venetian out of other people’s pockets. By dint of releasing a new rendering of failsino Bally’s Las Vegas, Chairman Soo Kim scored himself a great deal of free media last weekend. The deck chairs on the Titanic have been duly rearranged.

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Freedom Plaza Fails

See that weird-looking collection of high-rises above? Yeah, it’s not happening. Freedom Plaza, the something-for-everybody, New York City megaresort proposal of Soloviev Group and Mohegan Sun, got canned today. The relevant Community Advisory Committee voted it down, 4-2. Quality-of-life concerns were cited. Not even the transparent, last-minute offer to add a thousand more affordable-housing units to Freedom Plaza swayed votes. The CAC clearly saw it for the desperation (and stalling) tactic that it was. As usual, surrogates for Gov. Kathy Hochul (D) and Mayor Eric Adams (I) flouted public sentiment, pimping for an unpopular development. They’d vote for anything spelled c-a-s-i-n-o. Will anyone remember at the next election?

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No Future for Avenir

Avenir” means “the future” in French. For The Avenir casino project in New York City, the future ended two days ago. It’s done, finito, cooked, canned, vetoed. The sleek and stylish proposal, allied with Greenwood Racing (parent of mega-successful Parx Casino) got skunked 4-2 by its Community Advisory Committee. That means the Gotham casino derby is down to six contenders, who may shortly be four.

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