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Category Archives: Election
Colorado casinos: Four votes, four wins
After a statewide vote approved 'round-the-clock operation at Colorado's non-tribal casinos (along with a 20X increase in betting limits and a wider repertory of games), the measure wasn't home and dry. It had to be voted through in Cripple Creek, … Continue reading
Posted in Ameristar, Colorado, Election, Isle of Capri, Penn National, Regulation, Riviera
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Good thing they don't gamble … do they?
(Well, only with their shareholders' money, perhaps.) Huffington Post, with the considerable assistance of VegasTripping.com, has sifted through the contributions of casino industry moguls during the last election cycle and all I can say is I'm sure glad these folks' … Continue reading
Posted in Boyd Gaming, Columbia Sussex, Election, Fontainebleau, George Maloof, Harrah's, Kentucky, MGM Mirage, Phil Ruffin, Politics, Sheldon Adelson, Station Casinos, Steve Wynn, Tilman Fertitta
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Vegas electoral oddity
Today's Las Vegas Sun has a precinct-by-precinct breakdown of how President-elect Barack Obama won the Las Vegas metro area. In colorful map form, it shows Obama winning Downtown (handily) and most of the Strip … save for MGM Mirage's string … Continue reading
Posted in Downtown, Election, Lake Las Vegas, MGM Mirage, The Strip
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Five years ago today …
… Columbia Sussex came to town. Considering that CEO William J. Yung III purchased a dead, disreputable hotel-casino and put $90 million into reworking it into an attractive property (people whose judgment I trust swear by the comfiness of its … Continue reading
Posted in Columbia Sussex, Economy, Election, Macau, Politics, Sheldon Adelson, Singapore, The Strip
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Casino Vote '08: Dan Lee's the big winner
JP Morgan has proclaimed Pinnacle Entertainment “the biggest winner this election day.” By voting to both lift the cap on buy-ins and the close Missouri to additional casinos, Show-Me State voters delivered a gift to Pinnacle CEO Dan Lee, who … Continue reading
Posted in Ameristar, Colorado, Current, Election, Gary Goett, Horseracing, Indiana, Maryland, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Taxes
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Columbia Sussex contest
I’ve got to confess that bond-market lingo is hardly my strong suit. So can anyone out there explain what this bulletin means for casino industry pariah Columbia Sussex? One loan remains in the pool: Columbia Sussex, which has been fully … Continue reading
Posted in Columbia Sussex, Election
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Winners & Losers
And now the obligatory post-Election, What’s-it-all-about-Alfie roundup … Culinary Union 1, Casino CEOs O: True, the Culinary tripped all over its own feet in the early going, leading to Democratic caucuses that weren’t so much “Barackular” as “debacular.” But D. … Continue reading
Posted in Alaska, Ameristar, Atlantic City, California, Colorado, Current, Donald Trump, Economy, Election, Florida, Gary Goett, Harrah's, IGT, Internet gambling, MGM Mirage, Mississippi, Missouri, Pinnacle Entertainment, Politics, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tribal, Wall Street
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Senate prediction: feeling good
I've been checking Intrade's election "futures" markets and, if you "buy" Sen. John McCain at 9.9 you could collect on the longshot of a lifetime. (I'm of the pessimistic "I'll believe an Obama win when I see it and not … Continue reading
'Show Me' more money
Missouri voters are being asked to approve a constitutional amendment, submitted by Ameristar Casinos executive Troy Stremming, which would make a couple of significant changes in how business is done in Show-Me State casinos. (The full version is here, but … Continue reading
Posted in Ameristar, Election, Missouri, Pinnacle Entertainment
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Just say ‘no’
Fall is in the air here and so is election fever. I’m just back from early voting and a honkin’ big Obama rally is gearing up on the other side of town, so the mind is full of matters electoral. … Continue reading
Case Bets: Sands bankruptcy?; California spite, Ted Binion still dead, etc.
The ‘B’ word. Yup, somebody finally said it. Stifel Nicolaus & Co. analyst Steven Wieczynski blames The Big Sands Sell-off on fears that “Las Vegas Sands is in jeopardy of running out of cash and going bankrupt.” Sands stock closed … Continue reading
Posted in Animals, California, Election, Harrah's, Marketing, MGM Mirage, Politics, Sheldon Adelson, The Strip, Tribal, TV, Wall Street
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Adelson's megaphone muted
If Sen. John McCain pulls off the Nov. 4 comeback he’s predicting, it won’t be any thanks to Sheldon Adelson, who puts his mouth where his money is. (Hence those queasy-making odes to Chinese totalitarianism: “People seem to be living … Continue reading
Posted in Columbia Sussex, Election, Kentucky, Macau, Pennsylvania, Sheldon Adelson
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Penn impresses analysts
Penn National threw open its doors to Wall Street and JP Morgan, for one, came away impressed by what it heard. Basically, management is charting a fiscally conservative course, even though it could eventually reap $1.2 billion from its busted … Continue reading
Posted in Atlantic City, Boyd Gaming, Colorado, Election, Harrah's, Penn National, Taxes, Wall Street
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Headless owner in topless bar
“It is amazing how people get religion once they want a gaming license,” said then-Nevada Gaming Control Board member Brian Harris, back in December ’98, in one of the all-time-great casino-related quotes. Harris’ statement came in connection with the license-application … Continue reading
Posted in Downtown, Election, Regulation, The Strip
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Alaska nixes gambling; Politics here, Harrah's there
With Alaska and its governor all over the news of late, I got to wondering what had become of that ballot initiative, backed by bar owners, to expand gambling in Alaska. As it happens, the initiative was voted down, the … Continue reading
Man Bites Dog Dept.
A Republican senator running for reelection on the strength of his good relationship with … Sen. Barack Obama?!? Between that and the strong possibility that Sen. John McCain could win the presidency and yet see the national GOP sustain tremendous … Continue reading
Posted in Boyd Gaming, Election, Politics, The Strip, Wall Street
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America's biggest celebrity
Sen. John McCain‘s presidential campaign rolled out a unique tactic this week: complaining that McCain’s opponent is more popular and famous. I suppose you could call it “out of the box” thinking, though it seems a tad whiny to me. … Continue reading
Case Bets: Meow!; Dr. Death; Spineless Dems
Diss of the Day. “Having just raised the newsstand price for weekday and Saturday editions by 50 percent, the Las Vegas Review-Journal announced Monday it has eliminated sections of the paper as a cost-cutting measure.” — lead sentence of the … Continue reading
Posted in California, Current, Election, Environment, Politics, The Strip
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R-J to Vegas: "We're Podunk"
Warning: The following blog post contains ridicule of the Las Vegas Review-Journal and a Republican senator with good hair. No actual copies of the R-J were harmed in the writing of this post. ***** There I was, thinking that I … Continue reading
Posted in Atlantic City, Downtown, Election, Politics, The Strip
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The Alystra is toast
OK, so it was a derelict that's been closed for 10 years and unlikely ever to reopen. But the Alystra is now officially "a total loss." Too bad. It was an attractive building that happened to sit in a sort … Continue reading
Posted in Architecture, Boulder Strip, Election, Harrah's, Penn National, Regulation, Sheldon Adelson
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