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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Author Archives: David McKee
Gaming up nationally — but Louisiana gets hammered
America‘s casino industry had a winning month in January, up 3.5% to $3.4 billion. Even Illinois, which has never recovered from the smoking ban, was in the top four, behind Nevada (naturally), Pennsylvania and Louisiana. The only serious loser was … Continue reading
Posted in Affinity Gaming, Atlantic City, Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, GLPI, Harrah's, Illinois, Internet gambling, Isle of Capri, Louisiana, Marketing, Maryland, Ohio, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Taxes, Tilman Fertitta, Tropicana Entertainment, West Virginia
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Quote of the Day
“The greater impact would be the effect of completely changing the character of our south Mississippi community, as it would effectively open the floodgates to an indiscriminate proliferation of gaming sites to areas never contemplated or desired.” — Gulfport Mayor … Continue reading
Posted in Mississippi, Regulation
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Freeman attacks Yucca Mountain; Brawl in Connecticut
Back when Frank Fahrenkopf was its president, the American Gaming Association was little seen or heard, as Fahrenkopf played a flawless defensive game behind the scenes. Washington, D.C., never laid a glove on Big Gaming (although eugenicist and sometime Congressman Steve … Continue reading
Posted in Donald Trump, Entertainment, Foxwoods, Geoff Freeman, Harry Reid, history, Massachusetts, MGM Mirage, Mohegan Sun, New York, Politics, Problem gambling, South Korea, The Strip, Tourism, Transportation, Tribal, Westgate LV
Tagged Winnie the Pooh
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Legal trouble for Mohegan, Foxwoods; The gospel according to Slammy
It looks as though the constitutionality of a no-bid, off-reservation casino for Mohegan Sun and Foxwoods Resort Casino may be an issue after all. Connecticut Attorney General George Jepsen issued an opinion that the legal risks with the unusual deal “are not … Continue reading
Posted in California, Downtown, Economy, Foxwoods, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Pennsylvania, Sports, The Strip
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Pennsylvania: Land of confusion
When it comes to making gaming policy in Pennsylvania, handwringing Gov. Tom Wolf (D) is no help at all. He wants another $100 million in gaming revenue — but only if it doesn’t come at a cost to existing casinos … Continue reading
Posted in Atlantic City, Detroit, Internet gambling, Kansas, North Dakota, Pennsylvania, PokerStars, Politics, Regulation, Tribal
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Atlantic City suffers February hiccup; Caesars K.O.’d in Korea
All good things must end and, in the case of Atlantic City, a pretty steady comeback hit a pothole in December, with business down 2%. Even Borgata ($58 million) was down a percentage point. Citywide, slot revenue was actually up … Continue reading
Posted in Atlantic City, Carl Icahn, Dan Gilbert, Detroit, Glenn Straub, Golden Gaming, Greenwood Racing, Hard Rock International, Harrah's, Internet gambling, Isle of Capri, Macau, Maryland, MGM Mirage, Mohegan Sun, Pennsylvania, PokerStars, Revel, Sheldon Adelson, South Korea, Tropicana Entertainment
1 Comment
Quote of the Day
“The Florida Senate is setting up a buffet of glutinous proportions. Proposed legislation calls for the biggest expansion of gambling in Florida’s history. It literally would recreate our state in Nevada’s image, with casinos popping up in communities from the … Continue reading
Posted in Florida, Politics, Seminole Tribe
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Adelson ban bombs with conservatives
If Sheldon Adelson was hoping to be hailed at the recent Conservative Political Action Conference, he got a rude surprise. Attendees blew a raspberry to his pet cause, Protect America’s Wire Act. One dissident, Institute for Liberty President Andrew Langer … Continue reading
Posted in Internet gambling, Japan, Law enforcement, Massachusetts, Mohegan Sun, New York, Penn National, Politics, Sheldon Adelson, Singapore, Steve Wynn, Wall Street
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Quote of the Day
“As a player organization, the Poker Players Alliance takes consumer protections very seriously. I would argue that states like Nevada, New Jersey and Delaware have created a far more reasonable and effective approach to consumer protections than those who would simply … Continue reading
Posted in Atlantic City, Delaware, Internet gambling, Nevada, Pennsylvania, Regulation
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MGM antes up for Sands Bethlehem; Glenn Straub, man of mystery
Last week’s premature announcement by Sands Bethlehem President Mark Juliano that a sale, probably to MGM Resorts International, may have redounded to Las Vegas Sands‘ benefit. The reported sale price has crept up to $1.3 billion. Since a sale would … Continue reading
Posted in Atlantic City, Economy, Glenn Straub, Macau, Marketing, MGM Mirage, Palms, Pennsylvania, Revel, Sheldon Adelson, Station Casinos, Taxes, Wall Street
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MGM National Harbor, Maryland Live duke it out
MGM National Harbor strapped a jet pack on Maryland gaming revenue, up an eye-popping 38% last month. The bad news for other operators is that, once you subtract MGM, gaming revenues are down 11%. However, the fact that the declivity … Continue reading
AGA backs Obamacare; “Messy” quarter for Station
OK, the headline is an oversimplification (as headlines tend to be) but the American Gaming Association found itself in disagreement with congressional Republicans after their overhaul of the Affordable Care Act was found to leave mental-health and substance-use-disorder services out in the … Continue reading
Posted in Dan Gilbert, Economy, Eldorado Resorts, Geoff Freeman, GLPI, Hard Rock International, Lucky Dragon, Marketing, Ohio, Palms, Penn National, Pinnacle Entertainment, Politics, Problem gambling, Reno, Station Casinos, Wall Street
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Quote of the Day
“The bones of the Taj Mahal are as good as anything in town, and it’s something we felt we could do something spectacular with, from the height of the ceilings to the way the casino floor is laid out.” — … Continue reading
Posted in Architecture, Atlantic City, Hard Rock International
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Mystery of the Sands
Since the Las Vegas Review-Journal continues to pretend that the Sands Bethlehem sale isn’t taking place, we’ll fill you in on the latest. At least one Wall Street analyst is certainly taking the rumblings emerging from Bethlehem at face value. Deutsche Bank‘s … Continue reading
Posted in Atlantic City, Maryland, MGM Mirage, Pennsylvania, Sheldon Adelson, Wall Street
1 Comment
Casino gridlock in Florida; Illinois contemplates “grand bargain”
There’s a saying that a man who wears two watches never knows what time it is. In the case of the Florida Lege, it knows something dramatic needs to be done about gambling policy but is of dramatically different mindsets … Continue reading
Posted in Florida, Illinois, Neil Bluhm, New York, Politics, Racinos, Seminole Tribe, Slot routes
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Sheldon stifles story; Trump Plaza’s end near
News about Las Vegas Sands‘ negotiations to sell Sands Bethlehem (confirmed) to MGM Resorts International (alleged) have been all over the Internet, especially once MGM’s name entered the discussion. You know where the story hasn’t been? Yup. Sheldon Adelson‘s very … Continue reading
Posted in Atlantic City, Carl Icahn, Hard Rock International, MGM Mirage, Pennsylvania, Sheldon Adelson, Tropicana Entertainment, Unite-Here
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MGM tipped as Sands Bethlehem buyer
It’s definite: Las Vegas Sands is shopping Sands Bethlehem, no matter what Ron Reese tells you. Company executives visited Pennsylvania Gaming Control Board Commissioner Richard G. Jewell with the news, which he confirmed to the Allentown Morning Call. Corroboration came … Continue reading
Posted in Carl Icahn, Georgia, Internet gambling, Maryland, Massachusetts, MGM Mirage, Movies, New York, Pennsylvania, Politics, Regulation, Sheldon Adelson, Slot routes, Tropicana Entertainment
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More resort fees at MGM; Sands Bethlehem sold?
It was show time for the big boys at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum, starting with MGM Resorts International, which had to get started by explaining why fourth-quarter numbers had been “coming in well below … Continue reading
Posted in Architecture, Atlantic City, California, Donald Trump, Economy, Hard Rock International, Harrah's, Harry Reid, Japan, Macau, Maryland, Massachusetts, MGM Mirage, Penn National, Pennsylvania, Pinnacle Entertainment, Seminole Tribe, Sheldon Adelson, Singapore, Sports, Steve Wynn, The Strip, Tourism, Transportation, Tribal, Tropicana Entertainment, Wall Street
1 Comment
Business as usual at Boyd; Pinnacle looks to expand
* Top brass at Boyd Gaming met with J.P. Morgan analyst Joseph Greff and reported a relatively unruffled start to 2017, although the delayed mailing of income-tax refunds (about three weeks later than usual) was retarding results a bit. Still, … Continue reading
Quote of the Day
“We do know that the modern casino industry is influenced by the overall economy. Today, that economy is healthy. But there’s a caveat—the recovery is getting long in the tooth, and no one yet has repealed the business cycle. And … Continue reading
Posted in Donald Trump, Economy, Politics
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