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Category Archives: Election
Stitt robs public purse; Hard Rock blindsided
Oklahoma citizens may find themselves using the term “Indian giver” to describe Gov. Kevin Stitt (R). He’s planning to plunder the state’s rake of tribal gaming revenue to defend against a lawsuit brought by the state’s three biggest tribes. The … Continue reading
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
1 Comment
Quote of the Day
“The vote is the most powerful instrument ever devised by man for breaking down injustice and destroying the terrible walls which imprison men because they are different from other men.”—President Lyndon B. Johnson.
Posted in Election
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Tumult in Atlantic City; Goodell’s exquisite hypocrisy
Atlantic City casinos have had enough with the town’s mayoral office. They want it eliminated in favor of a city manager. Difficult to argue with that one. Except for Don Guardian, we haven’t seen one A.C. mayor we’ve liked. The … Continue reading
Posted in Arizona, Atlantic City, Caesars Entertainment, China, Dining, Election, Entertainment, history, Indiana, Macau, Melco Resorts & Entertainment, MGM Resorts International, Oscar Goodman, Politics, Sports betting, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Unite-Here, Wall Street, Wynn Resorts
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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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Wynn Resorts chastened; Living the high life at the Cosmo
Boston is quite a different animal from Las Vegas and Macao—or so Wynn Resorts has learned. Despite healthy table games revenues it is lowering the minimum-bet limits from $50 to $15 at Encore Boston Harbor. In a remarkable mea culpa before … Continue reading
Posted in Animals, China, CityCenter, Cosmopolitan, Downtown, Election, Environment, Hard Rock Hotel, Hard Rock International, Las Vegas Raiders, Lawrence Ho, Macau, Maine, Marijuana, Marketing, Massachusetts, Palms, Penn National, Regulation, Resort fees, Sheldon Adelson, Sports, The Strip, Virginia, Wynn Resorts
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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
Wynn: Elaine did me dirty; New Jersey rakes it in
On the principle that two wrongs make a right, disgraced casino mogul Steve Wynn is accusing ex-wife Elaine Wynn of stirring up the Wall Street Journal story that ended his career. This comes by way of testimony by one Renée … Continue reading
Posted in Architecture, Culinary Union, e-sports, Elaine Wynn, Election, Florida, Hard Rock International, Internet gambling, Law enforcement, Macau, MGM Resorts International, Nevada, New Jersey, New York, Politics, Resort fees, Sexual misconduct, Sports betting, Stanley Ho, Station Casinos, Steve Wynn, Taxes, Technology, Tribal, Wisconsin, Wynn Resorts
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Choo-choo to Springfield; Penn hawks Trop
Don’t despair, MGM Springfield. There’s hope yet. Massachusetts politicians are touting the idea of high-speed rail between Boston and Springfield, as many as six rides per day. (Springfield currently must get by with once-a-day Amtrak service.) Gov. Charlie Baker (R) … Continue reading
Posted in China, Connecticut, Donald Trump, Downtown, Election, Foxwoods, Indiana, Louisiana, Maine, Massachusetts, MGM Resorts International, Mohegan Sun, New Hampshire, Penn National, Pennsylvania, Rhode Island, Sexual misconduct, Sheldon Adelson, Sports betting, The Strip, Transportation, TV, Twin River, Wynn Resorts
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MGM retrenches; Election wrap-up
MGM Resorts International CFO Corey Sanders and Chief Strategy Officer Aaron Fischer met with J.P. Morgan analyst Joseph Greff, who came “away from these meetings incrementally positive on MGM’s asset monetization plans, ability to meet its 2020 targets, and a healthy … Continue reading
Posted in Australia, Caesars Entertainment, CityCenter, Colorado, Conventions, Dubai, Election, Full House Resorts, Indiana, Japan, Kentucky, Macau, MGM Resorts International, Regulation, Slot routes, Spectacle Entertainment, Sports, Sports betting, Vietnam, Virginia, Wall Street
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Wynn misses estimates; Sports betting wins in Colorado
Wynn Resorts reported 3Q19 earnings and the headline was Macao. As J.P. Morgan analyst Joseph Greff wrote, “For the first time in a while, we feel that the tough Macau VIP segment is stabilizing/not getting worse, and mass growth there … Continue reading
Posted in China, Colorado, Dining, Election, Full House Resorts, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, New Jersey, South Korea, Sports betting, Wall Street, Wynn Resorts
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Less KAOS, more chaos at Palms
Station Casinos has an excellent record as an operator. Why then did it misjudge its attempt to compete with the Las Vegas Strip in its takeover (and makeover) of the Palms? And while it knows its onions with regard to … Continue reading
Posted in CityCenter, Colorado, Dining, Election, Entertainment, Massachusetts, MGM Resorts International, Palms, Penn National, Real Estate, Sports betting, Station Casinos, The Strip, Wall Street
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Election special
First, a quick election update. The apparent victory of Andy Beshear (D) in the Kentucky gubernatorial race bodes well for the expansion of gambling in the Bluegrass State, which Beshear favors. However, in Colorado, where Proposition DD—legalizing sports betting—was expected … Continue reading
Posted in Colorado, Election, Kentucky, Sports betting
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Massachusetts Expansion urged; Murren backs right horse
Blowing through all the economic red lights, Massachusetts state Rep. Susan Williams Gifford (R) is putting the pedal to the metal on a bill that would create a special casino category for her district, which includes Wareham. Oh-so-coincidentally, that is where … Continue reading
Posted in Australia, Culinary Union, Dining, Election, Illinois, Internet gambling, Law enforcement, Maryland, Massachusetts, MGM Resorts International, Nevada, Politics, Regulation, Sports, Sports betting, Technology, Tribal, Washington State
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Quote of the Day
“If more politicians in this country were thinking about the next generation instead of the next election, it might be better for the United States and the world.”—Claude Pepper, senator and congressman. Happy Election Day.
Churchill Downs fights horseracing reform; Mattress Mack doesn’t regret $13M World Series bet
Churchill Downs‘ third-quarter cash flow results were “softer than expected” according to J.P. Morgan analyst Daniel Politzer, who added the “the impact of this was likely mitigated by the company announcing a slew of updates/capital projects which helped placate investors, … Continue reading
Posted in AGA, Baseball, Charity, Churchill Downs, Colorado, Culinary Union, Election, Entertainment, Geoff Freeman, Horseracing, Kentucky, Las Vegas Sands, Macau, Maine, Mississippi, Nevada, New Jersey, Planet Hollywood, Politics, Racinos, Sheldon Adelson, Sports betting, Texas, Wynn Resorts
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Case Bets
Jottings: Bart Blatstein wants to subdivide the Showboat lot into five parcels. The idea appears to be to build a casino where the volleyball court currently sits, making an end run around the gaming restriction placed on the property by … Continue reading
Cosmo does it again; Georgia ponders casinos
It happened again. Smoke billowed over the Las Vegas Strip from an electrical fire at The Cosmopolitan of Las Vegas last night. No one was injured, thank God, and the damage appears to be minor. But it’s the second fire … Continue reading
Posted in Atlantic City, Baseball, Caesars Entertainment, Churchill Downs, Cosmopolitan, Eldorado Resorts, Election, Foxwoods, Georgia, Greenwood Racing, Hard Rock International, Horseracing, IGT, Illinois, International, Lotteries, Louisiana, MGM Resorts International, Mississippi, Politics, Scientific Games, Sports betting, Taxes, The Strip, Transportation
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Oklahoma, tribes ready to talk; Don’t geofence me in
Oct. 28 is the date appointed for Oklahoma gaming tribes to meet with Attorney General Mike Hunter and find out just what Gov. Kevin Stitt (R) wants from them. As one chief put it, “We’re anxiously awaiting what their proposal is.” … Continue reading
Posted in Caesars Entertainment, Colorado, Dan Lee, DFS, Election, Full House Resorts, G2E, Genting, history, Indiana, Las Vegas Sands, Marketing, MGM Resorts International, Oklahoma, Oregon, Regulation, Sexual misconduct, Singapore, Sports betting, Steve Wynn, Taxes, The Strip, Tribal, Wynn Resorts
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