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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Author Archives: David McKee
Penn powers Ohio; Emanuel’s big bet
May was another good month for the Ohio market, even if Dan Gilbert‘s two casinos continue to slump. Perhaps they are suffering the post-bankruptcy malaise that affects nearly all regional casinos managed by Caesars Entertainment. Hard to say. Horseshoe Cleveland … Continue reading
Posted in Dan Gilbert, Economy, Hard Rock International, Harrah's, history, Illinois, Neil Bluhm, Ohio, Penn National, Pinnacle Entertainment, Racinos, Taxes, Wall Street
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Hard Rock, Resorts World put their chips on the table
While New Jersey politicians bicker over the timing of a constitutional referendum for adding northerly casinos, Hard Rock International unveiled a detailed picture of its plans for its desired Meadowlands casino (a site favored by 73% of voters polled, although … Continue reading
Posted in Architecture, Atlantic City, CityCenter, Economy, Election, Genting, Glenn Straub, Hard Rock Hotel, Hard Rock International, Horseracing, Macau, New York, Pennsylvania, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tourism
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Quote of the Day
“Saving the horse industry is just as important as saving Atlantic City. There was no way that horse racing could succeed in New York, or ultimately New Jersey, without it being subsidized by another form of gambling.” — Jeffrey Gural, owner … Continue reading
Posted in Atlantic City, Horseracing, New York
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Straub puts Revel back in play; Hard Rock heads for Meadowlands
Glenn Straub‘s helter-skelter regime at Revel will continue at least a while more. He’s talking about reopening the HQ nightclub in July and evicting ACR Energy Partners from Revel’s power plant, getting one monkey off his back. He did and … Continue reading
Posted in Atlantic City, Glenn Straub, Hard Rock Hotel, Hard Rock International, Indiana, Internet gambling, Massachusetts, New York, Pennsylvania, Politics, Regulation, Revel, Tourism, Tribal, Warner Gaming
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Sifting through the Caesars wreckage
“If this litigation continues, we will take a big step backward because parties won’t at all be incentivized to come together and negotiate.” So says Randall S. Eisenberg, the de facto chief restructuring officer for Caesars Entertainment, which is trying … Continue reading
Posted in California, Harrah's, Kansas, New York, Oklahoma, Regulation, Steve Wynn, Tribal, Wall Street
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Smooth sailing in Illinois, Iowa; Bad legislative bet
Just when Illinois casinos are trying to stave off another expansion of gambling, May brought a most inconvenient uptick in gambling revenues, albeit only half a percentage point, which can presumably be accounted for by the fact that this May had … Continue reading
Posted in Boyd Gaming, GLPI, Harrah's, Illinois, Internet gambling, Isle of Capri, MGM Mirage, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Sports, Taxes, Wall Street, Warner Gaming
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Quote of the Day
“The gaming industry is aware of no other industry in the country for which the IRS has issued regulations requiring the industry to deploy its customer loyalty program for federal tax-collection purposes.” — American Gaming Association President Geoff Freeman, on … Continue reading
Posted in Geoff Freeman, Politics, Taxes
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Kansas gets down to brass tacks; Lindsey Graham, man of mystery
After years of waiting, the fate of Kansas‘ seemingly unwanted fourth casino license, long in abeyance came down to three-and-a-half hours of presentations by a trio of rival bidders. The Kansas Lottery Gaming Facilities Review Board will make its choice by … Continue reading
Posted in Internet gambling, Kansas, New York, Palms, Phil Ruffin, Politics, Regulation, Sheldon Adelson, Taxes, Tribal, World Series of Poker
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Christie vs. Sweeney; Straub out of A.C.?
A bill introduced in the New Jersey Legislature sets up a proxy fight between Gov. Chris Christie (R) and state Senate President Stephen Sweeney (D) over the timing of when Garden State voters will be called upon to decide Atlantic … Continue reading
Posted in Atlantic City, Carl Icahn, Colony Capital, Dennis Gomes, Donald Trump, Election, Glenn Straub, Internet gambling, MGM Mirage, Pennsylvania, Politics, Revel, Steve Wynn, Taxes
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Quote of the Day
“I want to thank the people at Fox who years ago took a chance on a quirky, little animated show about a bumbling dad and his family — which I saw and then created ‘Family Guy,’ ” — Seth MacFarlane, … Continue reading
Posted in TV
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Mohegans, Foxwoods get go-ahead; More trouble for Caesars
Driven by apocalyptic job-loss projections by Foxwoods Casino Resort and Mohegan Sun, the House of Representatives of Connecticut passed a casino bill to Gov. Dannel Malloy (D) for his signature. The bill doesn’t authorize a casino per se but rather … Continue reading
Posted in Atlantic City, Economy, Foxwoods, Glenn Straub, Harrah's, International, Internet gambling, Lake Tahoe, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Steve Wynn, Technology, The Strip, Trump Entertainment Resorts, Warner Gaming
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May in Macao: Hey, it could be worse; Wynn in Boston: Why not?
That’s Wall Street‘s spin on a 37% decline in May gambling revenues. Writes Carlo Santarelli of Deutsche Bank, “We view the tightening with forecasts … as a modest positive for the group and an indication of a forming bottom.” In other … Continue reading
Posted in Japan, Massachusetts, Penn National, Regulation, Sam Nazarian, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Transportation, Wall Street
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Christie’s change of mind; Caesars creditors thwarted
New Jersey Gov. Chris Christie (R) is already throwing in the towel on his five-year plan for Atlantic City. If lawmakers want to put a statewide expansion of casino gambling on this fall’s ballot, Christie would “have absolutely no problem … Continue reading
Posted in Atlantic City, Election, Hard Rock International, Harrah's, Horseracing, Massachusetts, New York, Racinos, Regulation, Steve Wynn, Taxes
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Quote of the Day
“The biggest challenge of Internet gambling in the U.S. is that this is an industry still looked at as having been born out of sin. The new world of Internet gambling is clearly regulated and regulatable.” — 888 Holdings attorney Gil … Continue reading
Posted in Atlantic City, Internet gambling
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Gaming on the boil in Pennsylvania, less so in Illinois, Alabama
Gaming expansion is being introduced in the Illinois Legislature again and it has a pretty familiar look: a city-owned casino (the only one) in Chicago, four casinos scattered around the state, including one in Rockford, plus a pair of smaller (600-slot) … Continue reading
Posted in Alabama, Economy, Illinois, Internet gambling, Pennsylvania, Politics, Taxes, Tribal
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Good April for Vegas; Frankie the Fish and Sister Sandra
Baccarat play on the Las Vegas Strip improved by double-digit numbers for the second month in a row, up 14% in April, contributing to an 8% upward surge on the Strip. Baccarat revenues rose 5%, while all other table games … Continue reading
Posted in Australia, Boyd Gaming, Donald Trump, Downtown, Economy, Lake Tahoe, Laughlin, Macau, Marketing, Mississippi, North Las Vegas, Philippines, Politics, Regulation, Reno, Sheldon Adelson, Station Casinos, The Strip, Vietnam
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Caesars pays some, denies others; Adelson’s blunderbuss bill
Who knew that Gary Loveman was a creditor of Caesars Entertainment? His compensation package has been identified as among those adversely affected by Caesars Entertainment Operating Co.’s bankruptcy. The Chapter 11 proceeding has impacted five deferred-compensation plans, two of which will … Continue reading
Posted in Cantor Gaming, GLPI, Harrah's, Illinois, International, Politics, Racinos, Regulation, Sheldon Adelson, Technology
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Straub faces reality; Chinese players prefer Vegas
Reality continues to sink in at Revel, where Glenn Straub has thrown in the towel on reopening this summer — raising the prospect of a grand-reopening in the cold-weather months. Not very auspicious, that. Labor Day is the target date … Continue reading
Posted in Atlantic City, Genting, Glenn Straub, Hard Rock International, Harrah's, Macau, MGM Mirage, Revel, Taxes, The Strip, Tourism, Trump Entertainment Resorts, Wall Street
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Quote of the Day
“I will never say there are too many tables.” — Galaxy Entertainment Vice Chairman Francis Lui, asked whether the 150-table government allocation for Galaxy Macau Phase Two was sufficient. The casino has the capacity for 500 tables.
Posted in Macau, Regulation
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Phua case collapses; Bwin wooed ardently
Well, that’s it. With the exclusion of evidence gathered from all three Caesars Palace VIP villas used by Paul Phua, the federal government’s case against the poker pro collapses ignominiously. U.S. District Judge Andrew Gordon had already tossed all the … Continue reading
Posted in Bally Technologies, Harrah's, International, Internet gambling, Massachusetts, Penn National, Problem gambling, Racinos, Regulation, Scientific Games, Shuffle Master, Sports, Uncategorized, WMS Industries
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