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Then There Were 7 …

Take a long look at that rendering for Bally’s Bronx. You might never see it again. The project got smothered in the crib by the New York City‘s governing council, which voted 26-9 to deny it rezoning from Bally Links. Without that, the $4 billion pipe dream is as good as gone. Gone too are Donald Trump‘s increasingly faint hopes for $115 million “gaming event fee” should Bally’s grab the brass ring. But, contrary to Bally’s Chairman Soo Kim‘s borderline paranoia, the fatal blow was struck from the right, by Councilwoman Kristy Marmorato (R). She was against the project and brought 25 other votes with her. Hard cheese, Soo. The Bally’s boss was thunderstruck by the outcome and has said virtually nothing since that City Council shockeroo.

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Will Congress Right a Wrong?

Wow, you folks must have had phones on Capitol Hill ringing off the hook. Momentum is building to repeal the gambling-tax hike cosseted within the 2025 budget bill. For a while it looked as though Rep. Dina Titus (D) was going it alone. However, her cutely named FAIR BET Act is picking up support. In addition to cosponsors Rep. Troy Nehls (R) and Rep. Ro Khanna (D), it looks to have the backing of Reps. Mark Amodei (R), Jeff Van Drew (R) and Guy Reschenthaler (R).

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DFS is SOL

Now it can be revealed ...

Any child knows that ‘daily fantasy sports’ is a fancy name for sports betting. The primary fantasy at work is the notion that it ISN’T sports wagering. If you field the 2025 Los Angeles Dodgers but swap out a measly player or two, you’re in clover. After all, the success or failure of your “team” is predicated on real-world stats as compiled by real-world athletes. It’s sports betting, plain and simple.

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Bally’s Stripped for Parts

Big, beautiful Bally’s Chicago (above) looks more and more like the altar upon which Bally’s Corp. will be sacrificed. Company Chairman Soo Kim continues to chop up his company into kindling into order to fuel the money pyre that is the $1.7 billion Chicago megaresort. In part to raise the $450 million he needs in Windy City completion money, Kim cut a deal with Intralot to sell them Gamesys for $3.2 billion. Actually, only $1.7 billion (funny figure, that) is in cash. The remainder is equity in a joint Bally’s/Intralot Internet venture.

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Strip Sags in May

Las Vegas, you’ve got a problem on your hands. During May, casino revenues across the rest of the United States went up, sometimes dramatically. What did the Las Vegas Strip do? It declined 4%. And Las Vegas locals’ business was flat with 2024. Maybe consumers have gotten fed up with being dinged $26 for a tiny bottle of water. Or maybe—and more likely—the consumer is “one with no visibility into the future and thus preference for smaller/experiential purchases over large outlays/vacations.” That’s the assessment of new J.P. Morgan gaming analyst Daniel Politzer and it’s spot-on. Given that there was an extra weekend day in May this year, gaming overlords are probably thanking their lucky stars things didn’t turn out worse.

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Total War

That’s what Dr. Miriam Adelson and Las Vegas Sands declared on the state of Texas in their (over)zealous pursuit of a casino. The charmlessness offensive was rolled out like a fleet of Sherman tanks, as Sands argued its case over the airwaves, in print and in person. Sending over 100 lobbyists to Austin to club the Lege into submission was obvious overkill, even before it happened.

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Atlantic City Update

Sin City may be facing what’s been described as a “choppy summer” but the Boardwalk is suddenly firing on all cylinders. That’s even though more Garden State residents are gambling online than ever before. It’s too soon to draw conclusions beyond the one that drive-in gambling (or convenience gambling, depending on where you are) is suddenly in vogue.

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See Vegas, Get Busted

Although the name Jimmy Slonina probably won’t sound familiar, there’s a good chance you’ve seen him when you visited Las Vegas. He’s a veteran of long-running Le Reve at Wynncore and of Vegas Nocturne at The Cosmopolitan of Las Vegas. He’s also had credits in Absinthe, O and Zarkana. Currently, he’s a lead performer in Mystere at Treasure Island. Except for a few nights last week when he was an involuntary guest of Las Vegas’ finest.

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Playing Politics with Gambling

Snatching one victory from the jaws of 0-3 defeat, Las Vegas Sands-backed candidate David Pfaff won a seat on the Irving City Council. This gives Sands at least one key ally in its quest to rezone its Irving real estate for a casino. Having squeaked his way to a runoff, Pfaff clobbered rival Sergio Porres, who made Sands a lightning rod in his pitch to voters. Pfaff, meanwhile, strove to disown his Las Vegas sugar daddy.

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