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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Election
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
Many fewer Vegas knots tied; Golden Nugget expands
One of Las Vegas‘ mainstays and signature stocks in trade, its wedding industry, is down 42% (yes, 42%) from its 2004 peak. Mind you, it’s still a $2.5 billion business. But the quickie-wedding trade may be hurting and that wouldn’t … Continue reading
Posted in Charity, Cirque du Soleil, Dining, Downtown, Economy, Election, Entertainment, Internet gambling, Kentucky, MGM Resorts International, Real Estate, Shuffle Master, Sports betting, Technology, Terry Caudill, The Strip, Tilman Fertitta, Wynn Resorts
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This just in …
It took two years but there is finally justice for the victims and survivors of the Mandalay Bay Massacre. They have reached a $735 million settlement with MGM Resorts International. That tab could exceed $800 million if more plaintiffs opt … Continue reading
Posted in Colony Capital, Election, Mandalay Bay Massacre, MGM Resorts International, Resort fees
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Odds favor Trump; Whistleblower scandal at Caesars
Donald Trump has an excellent chance of surviving both the present impeachment inquiry and the 2020 election. That’s not punditry: It’s oddsmaking. BookerMaker.eu places The Donald as a 10/1 long shot for being unseated. Ironically, Trump nemesis Nicholas Maduro of … Continue reading
Posted in Atlantic City, Caesars Entertainment, Canada, Conventions, Donald Trump, Economy, Election, International, Internet gambling, Sexual misconduct, The Strip, Tilman Fertitta, Wall Street
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Quote of the Day
“A democracy cannot function effectively when its constituent members believe laws are being bought and sold.”—Justice John Paul Stevens.
Posted in Election
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Fertitta plays Cassandra; Reach for the sky
Although Atlantic City is coming off its best month in memory, Tilman Fertitta is predicting doom and gloom. “It’s not a nine-casino market, and I don’t understand why nobody realizes that,” he told The Press of Atlantic City. “You could say the … Continue reading
Quote of the Day
“Fall River mayor wins slot on reelection ballot after arrest for alleged extortion.”—headline in the Boston Globe
Posted in Election, Massachusetts
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Like a Virgin: Mohegan Sun comes to Vegas
It’s official: Mohegan Gaming & Entertainment will be the casino manager of Virgin Hotel Las Vegas. “Aligning the MGE brand with Virgin Hotels Las Vegas extends our growing reach into yet another legendary global entertainment capital. Together with Virgin Hotels, experience seekers all … Continue reading
MGM Springfield plays rope-a-dope; Big break for Cordish
With MGM Springfield well short of revenue projections (and cutting jobs), President Michael Mathis was sent out to do PR damage control. “I feel good about the trajectory,” he claimed. He blamed Foxwoods Resort Casino and Mohegan Sun for the shortfall: We … Continue reading
Rowdy night in Boston; Stitt’s standoff
All hell broke loose at Encore Boston Harbor in the wee hours of Monday morning. The first brawl broke out as nightclub patrons were leaving Mémoire. It was so bad that police had to call in backup. According to the … Continue reading
Casino aspirants elbow for advantage; T-Rex derby in Washington
Full House Resorts and Spectacle Entertainment are jostling for position in Terre Haute—provided that Vigo County voters approve a casino for the city. But will it beat nearby Danville to the punch? “Pending a positive outcome on the referendum, I … Continue reading
Posted in Arkansas, Connecticut, Election, Entertainment, Full House Resorts, Illinois, Indiana, International, Internet gambling, Japan, Mohegan Sun, Nebraska, Pennsylvania, Philippines, Slot routes, Spectacle Entertainment, Taxes, Virginia, Warner Gaming
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Ohio prospers, others don’t; Labor trouble at Eldorado
Maryland continues to show signs of casino saturation. Revenue ($143 million) was down 4% last month. Not even MGM National Harbor ($57 million) was immune, off 4%. Slots were up 10% but table games got walloped, down 19%. Still, MGM … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Carl Icahn, Churchill Downs, Cordish Co., Culinary Union, Dan Gilbert, Eldorado Resorts, Election, Florida, Full House Resorts, Indiana, Isle of Capri, Maryland, MGM Resorts International, Ohio, Penn National, Spectacle Entertainment, Station Casinos, Tropicana Entertainment, Unite-Here, West Virginia
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Eldorado backpedals; Casinos for Nebraska in 2020?
While the consummation of the Eldorado Resorts/Caesars Entertainment marriage has yet to occur, already Eldorado CEO Tom Reeg is walking back some of his prenuptial promises. “I think that there’s more Strip exposure than we would need to accomplish our goals … Continue reading
Encore plays it safe; Wynn is for the birds
“Fifty shades of beige.” That’s the Boston Globe‘s verdict on the hotel rooms at Encore Boston Harbor. “There was nothing unpleasant about it, but that meant nearly every design choice was incredibly safe. Before the hotel opened, Encore Boston Harbor … Continue reading
Posted in Animals, Architecture, Election, Environment, Massachusetts, MGM Resorts International, Station Casinos, Technology, Wynn Resorts
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Quote of the Day
“The Old Farmer’s Almanac suggests that sometimes the mind can be taken off the debilitating effects of prolonged illness by trying to memorize an impossibly long text, such as the Constitution or the list of Democratic presidential candidates.” — Farmer’s … Continue reading
Wall Street loves Wynn, Penn, MGM
JP Morgan analyst Joseph Greff issued a post-1Q19 bulletin in which he named Wynn Resorts (growth), Penn National Gaming (value for share price) and MGM Resorts International (event-driven revenue) as his top picks in the gambling sphere. Wynn got a … Continue reading
Posted in Arkansas, Caesars Entertainment, DFS, Dining, Eldorado Resorts, Election, Internet gambling, Iowa, Japan, Las Vegas Sands, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Penn National, Pennsylvania, Pets, Pinnacle Entertainment, Problem gambling, Racinos, Sports betting, The Strip, Tilman Fertitta, Transportation, Wall Street, Wynn Resorts
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Nebraskans hope fifth time is the charm
It’s try-again time for casinos in Nebraska. Ho-Chunk Inc. CEO Lance Morgan announced last week that ballot language had been filed with the secretary of state’s office to authorize casino gambling at the state’s horse tracks, generating a projected $50 … Continue reading
Free-market forces in Atlantic City; Wire Act flip-flop
As one might anticipate in a highly competitive free market, the upsized Atlantic City casino industry saw 15% less cash flow last year. This is only to be expected with the addition of Hard Rock Atlantic City and Ocean Resort. Far … Continue reading
Macao: Waiting to exhale; Trump gets favorable odds
Macao‘s government has announced—in what is not exactly a surprise—that it will extend the MGM China and Sociedade de Jogos de Macau concessions until June 26, 2022. This not only creates a level playing field for all concessionaires, it gives … Continue reading
Posted in Donald Trump, Economy, Election, International, Macau, MGM Resorts International, Penn National, Pennsylvania, Service, Sociedade de Jogos de Macau
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More Tamares tomfoolery; MGM evicts Hard Rock brand
Tamares Group has been up to its usual shenanigans, using the Plaza Hotel as a stalking horse. The latter slapped a quickie eviction notice on the Beauty Bar, citing multiple incidents involving repeated calls to Las Vegas Metro as the … Continue reading
