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Category Archives: California
New gambling ban in Britain; Casinos face uncertain Georgia future
Great Britain continues to crack down on gambling. As of April 14, Britons will no longer be able to bet with their credit cards. (Lottery tickets are exempted from the fatwa.) This comes on the heels of a reduction in the … Continue reading
California scheming; Exploitation in Cambodia
Don’t hold your water but lawmakers in California have gone so far as to hold an actual, living, breathing, preliminary hearing (emphasis on “preliminary”) on the issue of sports betting. The endgame here is not to legalize sports betting via the … Continue reading
Posted in California, Cosmopolitan, Dining, Election, Fontainebleau, International, Massachusetts, MGM Resorts International, Palms, Politics, Regulation, Sports betting, Station Casinos, Steven Witkoff, The Strip, Tribal, Wynn Resorts
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Card-room smackdown; CES not high on weed
What happens when a casino doesn’t have enough cash on hand to cover all the chips on the floor? If you’re California card room Magnolia House Casino, in Rancho Cordova, you get shut down by the state. The card room … Continue reading
Posted in California, Conventions, Marijuana, MGM Resorts International, Regulation, Scott Butera, Sports betting, Technology, Transportation
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End-of-Year Case Bets
In a retrospective mood, the American Gaming Association has chosen the top eight gaming stories of the past year, ranked here in descending order. They are: The Caesars Entertainment takeover by Eldorado Resorts. ‘Nuff said. Allegations that Encore Boston Harbor is … Continue reading
Posted in Caesars Entertainment, California, Canada, Carl Icahn, Donald Trump, Eldorado Resorts, Election, Harrah's, Japan, Lake Tahoe, Las Vegas Raiders, Law enforcement, Louisiana, Lucky Dragon, Maryland, Massachusetts, MGM Resorts International, Mississippi, Money laundering, Oklahoma, Problem gambling, Resort fees, Sports, Sports betting, The Strip, Tribal, Wynn Resorts
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Quote of the Day
“It’s not an issue of jobs. It’s an issue of the law. It’s like saying, ‘Yes, meth is a terrible drug, but think of all the jobs that are created in the emergency rooms, and if we stop it, those … Continue reading
Posted in California, Regulation
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Georgia solons mull gambling; DraftKings’ big deal
“I do think there’s momentum for something to happen this session,” state Sen. Brandon Beach (R, below) said of legalizing gambling in Georgia, although solons remain undecided on whether to add sports betting to the package they’ll be proposing. “We … Continue reading
Posted in California, DraftKings, Economy, Entertainment, Georgia, Horseracing, Iowa, Massachusetts, Michigan, Nebraska, Neil Bluhm, Politics, Racinos, Regulation, Sexual misconduct, Sports betting, Steve Wynn, Tribal, Wall Street
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Tribal gambling rampant in Oklahoma?; Penn National gets swindled
Could “casinos and smoke shops soon begin popping up on every corner of downtown Tulsa?” So wondered Indian Country Today about a Supreme Court case that could dramatically alter the complexion of tribal gaming in Oklahoma. (Serves Kevin Stitt right.) The … Continue reading
Posted in Atlantic City, Caesars Entertainment, California, Churchill Downs, Culinary Union, Eldorado Resorts, Galaxy Entertainment, Genting, Illinois, Japan, Las Vegas Raiders, Law enforcement, Macau, MGM Resorts International, Oklahoma, Pansy Ho, Penn National, Regulation, Sociedade de Jogos de Macau, Sports, Sports betting, The Rio, Tribal, World Series of Poker, Wynn Resorts
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Encore dominates Boston; President Xi visits Macao
Encore Boston Harbor continues to lap the field in Massachusetts with 60% of market share and daily revenue of $1.6 million. Encore is definitely cutting into slot business at Plainridge Park, still impressive at $305/win/slot/day—but down from $357/slot a year … Continue reading
Posted in California, China, International, Macau, Massachusetts, MGM Resorts International, Penn National, Sports betting, Tribal, Wall Street, Wisconsin, Wynn Resorts
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Stitt, tribes going to the wire; California card rooms slammed
Oklahoma Gov. Kevin Stitt (R) is escalating his rhetoric in his war with the Sooner State’s casino tribes. He says they’ll be operating gambling “illegally” starting on New Year’s Day. But his verbal volley wasn’t aimed at tribes so much as … Continue reading
Posted in California, Downtown, Japan, Law enforcement, Maryland, Money laundering, Oklahoma, Politics, Regulation, Taxes, Tribal
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Duterte socks it to casinos; Sports betting battle in California
This is an effective promotional tool. Why aren’t other companies doing it? (We’re looking at you, Caesars Entertainment.) * Philippine strongman Rodrigo Duterte is punching out at Philippines offshore gaming operators (POGOs) over delinquent taxes. He asserted that they had paid … Continue reading
Posted in California, Cosmopolitan, DraftKings, Economy, FanDuel, Galaxy Entertainment, Genting, Hard Rock International, International, Internet gambling, MGM Resorts International, Mohegan Sun, Nevada, Philippines, Politics, Regulation, Sexual misconduct, Sports betting, The Rio, The Strip, Tribal
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Dems court Culinary vote; Scandal in Austria
Democratic presidential candidates are hardly taking the Nevada caucuses for granted. Sen. Kamala Harris (D) has already been once to Las Vegas (in vain) as has Joe Biden. The latter probably endeared himself to Culinary Union members by having a contretemps with … Continue reading
Posted in Caesars Entertainment, California, Canada, China, Culinary Union, Derek Stevens, Election, Foxwoods, International, Japan, Law enforcement, Macau, Michigan, Movies, New York, Penn National, Politics, Singapore, Station Casinos, Steve Wynn, Tourism, Tribal
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‘Sharp’ criticism of Congress; MGM a popular stock pick
Newly elected National Congress of American Indians President Fawn Sharp wasted no time in opening a can of whup-ass on the U.S. Congress. Speaking to the House Committee on Natural Resources Subcommittee for Indigenous Peoples of the United States Oversight, Sharp … Continue reading
Posted in Caesars Entertainment, California, Culinary Union, Derek Stevens, Dining, Eldorado Resorts, Entertainment, Hard Rock International, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, MGM Resorts International, Mohegan Sun, Penn National, Politics, Sports, Sports betting, Station Casinos, The Strip, Transportation, Tribal, Wall Street, Washington State, Wynn Resorts
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Small thinking big in Oklahoma; Smoke gets in their lungs
In Oklahoma, Council of Public Affairs President Jonathan Small went to the mat for Gov. Kevin Stitt (R), backing Stitt’s demand for higher—much higher—exclusivity fees. To his credit, Stitt has put sports betting on the table as an incentive. Small … Continue reading
Posted in California, Connecticut, Environment, Florida, Hard Rock International, Las Vegas Sands, Nevada, Oklahoma, Palms, Problem gambling, Sports betting, Taxes, Technology, Tribal, Virginia
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Quote of the Day
“I cannot think of another president who sustained a political jihad against a specific state.”—Barry Rabe, a public policy professor at the University of Michigan, on Donald Trump‘s California fixation.
Posted in California, Donald Trump, Environment
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Going for the gold in California; Vegas tops sin survey
It’s not quite as pre-apocalyptic as dogs and cats living together but California Native American tribes are joining with private-sector racetracks to push for sports betting in the Golden State, surely the ripest market in the U.S. The coalition wants … Continue reading
Caution on Scientific, Golden; VIPs passé in Macao
Scientific Games must have been less than thrilled with Credit Suisse analyst Ben Combes‘ report on their third quarter. It was headlined, “Solid Quarter, But Leverage Concerns Keep Us on the Sidelines.” Cash flow of $344 million beat the Wall … Continue reading
Posted in California, Canada, China, Dining, Economy, Entertainment, Genting, Golden Gaming, Greenwood Racing, Illinois, International, Internet gambling, Las Vegas Raiders, Lotteries, Macau, MGM Resorts International, Nevada, New York, Penn National, Pennsylvania, PokerStars, Resort fees, Rush Street Gaming, Scientific Games, Sheldon Adelson, The Strip, Tribal, Wall Street, Wynn Resorts
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Cordish bully on Philly
We’ll soon find out if the Philadelphia market can sustain five casinos when Cordish Gaming‘s Live! Casino & Hotel Philadelphia opens, next door to Citizens Bank Park (baseball) and close to Lincoln Financial Field (football) and Wells Fargo Center (basketball and … Continue reading
The Drew makes bold promises; GLPI gleeful
Steven Witkoff buried the lead when announcing that Bobby Baldwin had been called out of retirement to become CEO of The Drew. Witkoff’s PR peeps said that the project was in “final preparations for construction,” which is the first movement … Continue reading
Posted in Ameristar, Caesars Entertainment, California, CityCenter, Detroit, DFS, Dining, Fontainebleau, G2E, GLPI, history, Las Vegas Sands, Lotteries, Louisiana, Macau, Maryland, Michigan, Politics, Sports betting, Taxes, The Strip, Tribal, Vdara Death Ray, Wall Street
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Churchill Downs in expansive mood; Cannery security faulted
Churchill Downs‘ third-quarter cash flow of $88 million was $7 million shy of Wall Street‘s expectation. The shortfall extended across all segments of CHDN business, although increased casino competition in Maine was one of the contributing factors. In terms of … Continue reading
Posted in Baseball, Boyd Gaming, California, Churchill Downs, Kentucky, Las Vegas Sands, Macau, Maine, Mississippi, Ohio, Oklahoma, Pennsylvania, Racinos, Rush Street Gaming, Security, Sports betting, Tribal, Wall Street
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Biden lobbies Station; Important victory for Flynt, casinos
George GOP donor Frank Fertitta III is unlikely to put missives from Joe Biden at the top of his in-box. Thus it was more of a theatrical gesture than a substantive negotiation when Biden wrote to the Fertitta, in an open … Continue reading
