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Category Archives: Florida
Elaine Wynn fights on; Floridians heart Seminole casinos
Showing that two can play the press-release game, Elaine Wynn released an open letter to Wynn Resorts shareholders, urging them to vote their gold-colored proxy cards in her favor. Citing her “my immense industry knowledge and expertise, and my role … Continue reading
Posted in Florida, Hard Rock International, Horseracing, Japan, Kentucky, MGM Mirage, Politics, Sheldon Adelson, Steve Wynn, Tribal, Wall Street
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Adelson lackey denounces gambling; Scientific’s stumble
In a surprising display of petulance, Rep. Jason Chaffetz (R) hung up the phone on members of the National Governors Association when they had the temerity to object to his Restoration of America’s Wire Act bill, which would criminalize state … Continue reading
Posted in Florida, Marketing, New York, Politics, Regulation, Scientific Games, Sheldon Adelson, The Strip
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The clock is running in Japan, Florida, Connecticut
Major casino companies are beginning to lose patience with Japan‘s impotent government and are casting their eyes toward South Korea. “This will take leadership. At some point someone is going to have to say ‘this is important to us, let’s push this … Continue reading
Posted in Florida, Foxwoods, Hard Rock International, International, Japan, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, New York, Politics, Sheldon Adelson, The Strip
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Trump’s hollow victory; Seminoles make new friends
In a display of either weakness or stupidity, Carl Icahn has caved in to Donald Trump and reached an agreement to keep the TV star’s name on Trump Taj Mahal. As anyone who’s followed the dwindling of the Trump empire from … Continue reading
Belt-tightening in Macao; Adelson gets his wrist slapped
Given the steep plunge in casino revenues over the past eight months, Macao casino operators are talking about taking cost-saving measures. Although its mass-market focus shelters it from the worst of the downturn, Sands China is mulling cuts in its … Continue reading
Posted in Election, Florida, Georgia, Horseracing, Macau, Politics, Sheldon Adelson, Steve Wynn
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New problem for Straub; Broad casino push in Florida
Whenever you think the Revel saga is done, a new complexity arises. Glenn Straub‘s $82 million purchase is set to be ruled upon in bankruptcy court tomorrow. But, slipping over the transom at the last minute come Leo Pustilnikov and fellow … Continue reading
Posted in Atlantic City, California, Florida, Glenn Straub, Politics, Racinos, Regulation, Revel, Tribal
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Macao casinos squeezed again; Isle’s clean sweep
First, it was the corruption crackdown. Now, the Chinese government is reviewing visitation levels to Macao. As Macanese Secretary for Social Affairs & Culture Alexis Tam put it, “[T]oo many tourists impact residents’ quality of life.” That’s not music to casinos’ ears and … Continue reading
Posted in Colorado, Florida, Isle of Capri, Louisiana, Macau, Melco Crown Entertainment, MGM Mirage, Mississippi, Missouri, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Tourism, Wall Street
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Florida tribe: Casinos or pot. Choose!
Florida Gov. Rick Scott (R) finds himself in just a bit of a pickle. He’s refused to negotiate with the Poarch Band of Creek Indians, who want to extend their burgeoning empire of Class II casinos from Alabama into the … Continue reading
Posted in Alabama, California, Florida, Internet gambling, PokerStars, Politics, Regulation, Tribal
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Then there was Resorts …
By tomorrow afternoon, there will be a new player in New Jersey‘s online-gaming industry: Resorts Atlantic City. The casino’s Internet-play site will go online in a limited fashion, gradually ramping up to full capacity over the ensuing week. Resorts execs … Continue reading
Posted in Atlantic City, Dennis Gomes, Florida, Internet gambling, Isle of Capri, Mohegan Sun, Oklahoma, Regulation, Tribal, Trump Entertainment Resorts
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Where to dump Trump?; Straub stumped
Although he’s buried millions of dollars in New Jersey, having been party to four casino bankruptcies, Donald Trump doesn’t want his carcass interred there. Instead, when he goes to that big sand trap in the sky, he wants to be … Continue reading
New chief at Resorts World; Pay cut for Wynn
In a change of horses that might kick-start development of dormant Resorts World Las Vegas, boss Christian Goode is out, replaced by Gerald Gardner, a former top aide to Nevada Gov. Brian Sandoval. The groundbreaking for the project has now … Continue reading
Posted in Charity, Cordish Co., Florida, Genting, Harrah's, Maryland, New York, Steve Wynn, The Strip
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Gaming board yields to Cuomo’s pressure; Indian givers in Florida
By leaning on the New York State Gaming Facility Location Board, Gov. Andrew Cuomo appears to have persuaded it to reopen the bidding process for a casino in the state’s Southern Tier. However, if Tioga Downs owner Jeff Gural thought he’d … Continue reading
Posted in Florida, Genting, New York, Racinos, Regulation, Sheldon Adelson
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Wynn proceeds in Boston, Genting stalls in Miami
Although Steve Wynn‘s Everett project is besieged with lawsuits, a member of the Massachusetts Gaming Commission is relatively sanguine about the resort’s prospects. “I don’t think necessarily the suit will delay it; I think it is the various permit-granting authorities … Continue reading
Posted in Florida, Genting, International, Massachusetts, New York, Regulation, Sports, The Strip
1 Comment
Adelson keeps coming; Eternal frustration in Florida
Let’s face it: Sheldon Adelson is old, distrusts computers and clearly fears Internet gambling’s encroachment on his mammoth brick-and-mortar casinos. Which means that even if he fails to get the Restore America’s Wire Act bill passed in Congress’ lame-duck session, … Continue reading
Posted in Election, Florida, Harry Reid, Internet gambling, Politics, Sheldon Adelson, Taxes, Tribal
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Seminole talks to restart; Churchill Downs’ big play
Now that he’s assured of four more years, Florida Gov. Rick Scott (R) can tidy up some unfinished business … like compact negotiations with the Seminole Tribe. The $1 billion/five-year deal currently before the two parties would reward that tribal … Continue reading
Posted in California, Churchill Downs, Current, Florida, Genting, Hard Rock International, Internet gambling, Racinos, Regulation, Sheldon Adelson, Tribal, Wall Street
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Philadelphia decision tipped; Insolvency on the high seas
While we’ve been focused on Boston and New York, a major casino decision in Philadelphia has been creeping upon us. The second casino license in Philly city limits is to be awarded on Nov. 18 and early intel has it … Continue reading
Posted in Atlantic City, Cordish Co., Economy, Election, Florida, Geoff Freeman, Greenwood Racing, Maryland, Massachusetts, MGM Mirage, Minnesota, Neil Bluhm, Penn National, Pennsylvania, Problem gambling, Regulation, Steve Wynn, Technology, Tomato King Procacci, Tribal, Uncategorized
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Life after Revel; Sheldon’s solid quarter
Faced with fewer and fewer casino choices in Atlantic City, players seem to be choosing to stay home. The seaside city saw gaming revenues plummet 17% last month. That’s also the same percentage by which coin-in and slot revenues slipped. … Continue reading
Wynn: Think big; Genting: Spend big
When Steve Wynn opened The Mirage in 1989, it was the beginning of the end of the era when the casino was the dominant revenue source in Las Vegas resorts. Restaurants, shows and hotel rooms all became profit centers. But … Continue reading
Posted in Atlantic City, Entertainment, Florida, G2E, Genting, Harrah's, history, Macau, Massachusetts, MGM Mirage, New Hampshire, New York, Steve Wynn, The Strip
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Wynn: What, me worry?; Clouds over Wisconsin
Steve Wynn is taking the softness of the Macao market in stride. “When you see that kind of adjustment, you adjust your business. You take tables away from VIP and put them into mass or premium mass,” he told Chinese reporters. … Continue reading
Posted in Atlantic City, Economy, Florida, Hard Rock International, Illinois, Japan, Macau, Politics, Sheldon Adelson, Steve Wynn, Tribal, Trump Entertainment Resorts, Wisconsin
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Narrow race in Massachusetts; Boffo biz in Alabama
No state that has ever approved casino gambling has repealed it in over 80 years. That being said, casinos are polling weakly in Massachusetts — with support hovering at 50% — and the opposition is getting cocky. A perversely worded … Continue reading
Posted in Alabama, Architecture, Economy, Election, Florida, Massachusetts, MGM Mirage, Penn National, Regulation, Rhode Island, The Strip, Tribal
1 Comment