Category Archives: Greenwood Racing

Adelson’s bogus poll & other fun with numbers

Posted on December 6, 2013 by David McKee

To hear Sheldon Adelson tell it, 70% of Americans share his die-hard opposition to Internet gambling. He even bought a poll from The Tarrance Group to prove its point. Unfortunately for the Sultan of Sands, the monarch has no clothes. … Continue reading →

Posted in Alabama, Atlantic City, Cretins, Economy, Greenwood Racing, Harrah's, Internet gambling, Kentucky, Massachusetts, MGM Mirage, Pennsylvania, Regulation, Sheldon Adelson, Taxes, Technology, Tribal | 1 Comment

Imbalances of power; Vegas to Israel?

Posted on December 6, 2013 by David McKee

It was another bonny month for Maryland, whose casino revenues grew 55% in November, up to $67 million. It’s not an apples/apples comparison, since neither Rocky Gap Casino nor table games were in play a year ago. Tables were responsible … Continue reading →

Posted in Charity, Cordish Co., Economy, Greenwood Racing, Harrah's, Illinois, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, Neil Bluhm, Penn National, Pets, Sheldon Adelson, Stanley Ho, Steve Wynn | Comments Off on Imbalances of power; Vegas to Israel?

Foxwoods Massachusetts: All the king’s horses …

Posted on November 20, 2013 by David McKee

In what must be the shortest-lived deal in Penn National Gaming‘s history, its nascent partnership with Foxwoods Resort Casino went down to defeat yesterday. Crossroads Massachusetts, as it was called, didn’t just lose — it was crushed. An unofficial tabulation … Continue reading →

Posted in Cordish Co., Foxwoods, Greenwood Racing, Massachusetts, MGM Mirage, Penn National, Regulation, Steve Wynn | Comments Off on Foxwoods Massachusetts: All the king’s horses …

Case Bets: Scientific, Japan, Pennsylvania, Arizona

Posted on November 19, 2013 by David McKee

Happy trails to Scientific Games CEO Lorne Weil, who got the axe this morning. He was immediately replaced by former Revlon CEO David L. Kennedy. Revlon ower Ronald Perelman takes over as CEO. Kennedy isn’t a newcomer to Scientific: He … Continue reading →

Posted in Arizona, Cannery Casino Resorts, Current, Greenwood Racing, Harrah's, Isle of Capri, Japan, Neil Bluhm, Pennsylvania, Scientific Games, Sheldon Adelson, Tribal, Wall Street | Comments Off on Case Bets: Scientific, Japan, Pennsylvania, Arizona

Suffolk Downs: Life after Caesars; PokerStars nixed?

Posted on November 8, 2013 by David McKee

Another day, another occasion to scratch one’s head over the casino-averse culture in Massachusetts. The Boston Globe‘s Shirley Leung does her usual Chicken Little routine, lamenting that the Bay State may get no casinos at all. (Fret not, Shirley, somebody … Continue reading →

Posted in Atlantic City, Colony Capital, Election, Foxwoods, Greenwood Racing, Internet gambling, Maine, Massachusetts, Mohegan Sun, Pokergeddon, Racinos, Regulation, Rhode Island, Taxes, Tribal | 1 Comment

Breaking Boyd

Posted on October 31, 2013 by David McKee

Boyd Gaming missed Wall Street expectations last quarter, posting negative earnings of eight cents a share, compared to the $0.01/share profit the Street was anticipating. Deutsche Bank‘s Carlo Santarelli blamed “softer-than-expected net revenues … below the low-end of management’s guidance.” Las … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Current, Downtown, Environment, Greenwood Racing, history, Iowa, Louisiana, Maryland, MGM Mirage, Ohio, Penn National, Wall Street | Comments Off on Breaking Boyd

MGM: A class act in Maryland; Sands’ convenient poll

Posted on October 29, 2013 by David McKee

MGM Resorts International‘s presentation last week to the Maryland Video Lottery Terminal Location Commission  lacked the smell of fear that Penn National Gaming exuded last week. Alluding to Penn’s offer to forfeit all profits and to creative accounting, MGM CEO Jim … Continue reading →

Posted in Cordish Co., Greenwood Racing, Internet gambling, Maryland, MGM Mirage, Penn National, Regulation, Sheldon Adelson, Uncategorized | Comments Off on MGM: A class act in Maryland; Sands’ convenient poll

MGM’s, Wynn’s odds worsen in Massachusetts

Posted on October 28, 2013 by David McKee

Did anyone envision a scenario whereby all three of Massachusetts‘ casinos could be tribally owned? It could happen. Leaving aside the chance of expanded gambling in Connecticut, the prospect that MGM Resorts International will be weighed in the balance and … Continue reading →

Posted in Cordish Co., Entertainment, Foxwoods, Greenwood Racing, Harrah's, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Pansy Ho, Penn National, Regulation, Steve Wynn, The Strip, Tourism, Tribal | Comments Off on MGM’s, Wynn’s odds worsen in Massachusetts

Singin’ the blues in Pennsylvania, Louisiana

Posted on October 16, 2013 by David McKee

Even slight improvements in consumer spending weren’t enough to help Pennsylvania. Gross gambling revenue fell 6%. Thanks to strong table play, Sands Bethlehem was able to buck the trend, staying flat for September. By contrast, Harrah’s Philadelphia — in a … Continue reading →

Posted in Dining, Greenwood Racing, Harrah's, Isle of Capri, Louisiana, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, The Strip, Wall Street | Comments Off on Singin’ the blues in Pennsylvania, Louisiana