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Category Archives: Florida
Freeman rakes Wolf; The delights and dangers of DFS
American Gaming Association President Geoff Freeman is throwing down against Pennsylvania Gov. Tom Wolf (D) and the latter’s desire to tax casino free play. If Wolf’s proposal had been in effect last year, the state would have netted slightly less … Continue reading
Posted in Arizona, Colorado, Florida, Geoff Freeman, Illinois, International, Internet gambling, Marketing, Oklahoma, Pennsylvania, PokerStars, Taxes, Tribal
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Shady dealings in D.C.; New bromance between GLPI and Pinnacle
Voters in Washington, D.C., could find themselves voting on a casino initiative this November. A 9,000-square-foot gambling house has been proposed for Anacostia. It would have slots, blackjack and other table games but, strangely enough, no slots or electronic table … Continue reading
Perversity in Macao; MGM Springfield gets underway
In a seemingly perverse move, Macao Chief Executive Fernando Chui rejected a lifeline that the Beijing government was trying to throw to his city. The former had announced its intention to “optimize and adjust” the Individual Visit Scheme that brings … Continue reading
Posted in Architecture, Economy, Florida, Foxwoods, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Taxes, Tourism, Tribal
1 Comment
Ohio leads the Midwest; Boyd a good neighbor in Iowa
With gaming expansion off the table in all Midwestern states (other than a potential tribal casino in Indiana), Ohio has been making out like a bandit, its gaming revenues up 13% from last year, as the state’s industry is now … Continue reading
Posted in Boyd Gaming, California, Charity, Economy, Florida, Foxwoods, Idaho, Iowa, Mohegan Sun, Neil Bluhm, New York, Ohio, Oklahoma, South Dakota, Tribal
1 Comment
DFS becomes political football; More trouble for PokerStars
Add Yahoo to the list of daily fantasy sports providers that are tiptoeing out of New York State under an accord with state Attorney General Eric Schneiderman. The latter has said that if the issue can’t be resolved in the … Continue reading
Posted in Arizona, Election, Florida, Harrah's, Indiana, Internet gambling, Law enforcement, Maryland, Minnesota, Missouri, New York, Oklahoma, PokerStars, Politics, South Korea, Wisconsin
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High-stakes headbutting in Hartford; Pennsylvania grapples with slot routes
All the key players in Connecticut finally butted heads in a showdown in Hartford yesterday. In one corner, you had the casino-ineligible Schaghticoke Tribal Nation. Behind it was its patron, MGM Resorts International, which has a $950 million investment in Springfield, … Continue reading
Posted in Economy, Florida, Foxwoods, Massachusetts, MGM Mirage, Mohegan Sun, Pennsylvania, Politics, Problem gambling, Seminole Tribe, Slot routes, Taxes, Tribal
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Vietnam War logic in New Jersey; Tribal corruption in Florida
New Jersey will no longer have the distinction of possessing the second-lowest casino tax rate if Assemblyman Ralph Caputo (D, left) gets his way. He’s talking about imposing at least a 40% levy on proposed north New Jersey casinos, perhaps … Continue reading
Posted in Atlantic City, Carl Icahn, Florida, Hard Rock International, Horseracing, International, Mississippi, New York, Politics, Regulation, Taxes, Tribal, Tropicana Entertainment
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Nevada grapples with DFS; Seminole compact dies
Rather than sit on the daily fantasy sports sidelines, Nevada Gov. Brian Sandoval (R, below) wants to nudge the Silver State into the game. To that end, he’s the keynote speaker for a specially convened, all-star hearing by the Nevada Gaming … Continue reading
Posted in Florida, Geoff Freeman, Georgia, Internet gambling, Isle of Capri, Japan, Nevada, Politics, Racinos, Regulation, Seminole Tribe
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Painful progress for Seminole compact; Casinos dead in Georgia
It will be back to the negotiating table for Florida Gov. Rick Scott (R), if a state House of Representatives version of the compact with Seminole Tribe is accepted in the state Senate. The compromise version of the compact adds slots … Continue reading
Does Gilbert know Jack?; Caesars’ big finish
Will a Horseshoe by any other name earn as much? We’re going to find out because Rock Gaming owner Dan Gilbert is going to rebrand his casinos under the Jack Entertainment banner, presumably a tip of the hat to … Continue reading
Posted in Atlantic City, Colorado, Dan Gilbert, Florida, Harrah's, Isle of Capri, Louisiana, Marketing, Maryland, Mississippi, Ohio, Penn National, Regulation, Technology, The Strip, Wall Street
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Gaming companies seek to hide financial results; Murren bullish on MGM
When the gaming industry speaks, Frank Schreck‘s lips move. His latest move is to propose a removal of the transparency that applies to casinos owned by investment banks and funds, such as the Hard Rock Hotel & Casino and SLS … Continue reading
Posted in CityCenter, Economy, Florida, Hard Rock Hotel, Internet gambling, MGM Mirage, Regulation, SLS Las Vegas, The Strip
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Seminole Christmas tree in Florida; Free money for California ponies
Pot or gambling? That’s the choice Florida Gov. Rick Scott (R) faces in newly discovered documents from 2014, in which the Poarch Band of Creek Indians seeks a casino on a one-acre parcel near Pensacola in return of $1 billion … Continue reading
Posted in Boyd Gaming, California, Dining, Downtown, Entertainment, Florida, Internet gambling, Politics, Tourism, Tribal
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End of Caesars bankruptcy in sight?; Seminole compact upsized
One year and millions of pages of documents later, we’re nearing resolution in Richard Davis‘ investigation of the Caesars Entertainment bankruptcy. His report on the company’s attempted restructuring is due at year’s end. At its heart will be several controversial … Continue reading
Posted in Florida, Harrah's, Horseracing, Massachusetts, Penn National, Politics, Problem gambling, Regulation, Seminole Tribe, Sports, Steve Wynn, Technology
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Winning quarter for Wynn
In the current era of managed expectations of all things related to Macao, the 4Q15 report from Wynn Resorts fell into the “better than anticipated” category, with earnings down ‘only’ 17% (superior to Wall Street consensus) and profits just over … Continue reading
Posted in Economy, Florida, Georgia, Law enforcement, Macau, Melco Crown Entertainment, Nevada, Penn National, Pennsylvania, Regulation, Reno, Seminole Tribe, Sheldon Adelson, Steve Wynn, Texas, The Strip, Wall Street
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DFS: Trouble in paradise; It’s not good to be Dan Gilbert
Besieged on all sides, daily fantasy sports operators find themselves in retreat. DraftKings said it “will voluntarily pause” its operations in Hawaii in response to a ruling by state Attorney General Doug Chin that DFS is gambling and therefore illegal … Continue reading
Posted in Eldorado Resorts, Florida, Hard Rock International, Harrah's, Hawaii, Indiana, Internet gambling, Mississippi, Ohio, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation
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MGM’s brass balls; Seminoles dream big
Las Vegans are still in an uproar over MGM Resorts International‘s new pay-for-parking policy. And yet MGM had the gall to issue a press release calling the added fees part of a “strategy to provide significant improvements.” Yes, because paying more … Continue reading
Posted in Architecture, Florida, MGM Mirage, Seminole Tribe, The Strip, Transportation, Tribal
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Gulfport: Not so fast; DFS winning in Florida
In one day, attorney Robert Lubin‘s plan for a new Gulfport, Mississippi, casino went from being the next big thing to “Yes, but …” Lubin, whose speciality is EB-5 visa financing, envisions a two-pronged project: a $140 million casino plus … Continue reading
Posted in Entertainment, Florida, Internet gambling, Mississippi, Oklahoma, Regulation, Seminole Tribe, Tribal
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Seminoles take to the air; Trop exec vanishes
Florida‘s Seminole Tribe is taking its case to the people, as its new compact with Gov. Rick Scott (R) faces an uphill slog in the Legislature. The compact is such a Rube Goldberg contraption, with so many moving parts, you … Continue reading
Posted in Delaware, Florida, GLPI, Harrah's, Indiana, Internet gambling, Marketing, Missouri, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Seminole Tribe, Tropicana Entertainment, TV
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Big contract from Wynn; Parking debate continues
Wynn Resorts bought locally in its search for a Wynn Everett general contractor. It has let the $1 billion construction contract to Suffolk Construction, biggest in Massachusetts. By choosing a Boston company for this seven-figure deal (plus 4,000 jobs), perhaps … Continue reading
Case Bets
The glass at Penn National Gaming‘s Plainridge Park is both half-full and half-empty these days. The win/slot/day ($291) is 50% above the industry’s desired norm. However, Plainridge continues to bleed customers, going from $12 million in revenue in November to … Continue reading
Posted in Atlantic City, Florida, Isle of Capri, Massachusetts, Penn National, Politics, Racinos, Regulation, Seminole Tribe, Tribal, Wall Street
1 Comment