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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Greenwood Racing
Big win for Seminoles?; Parx the deadliest track of all
Florida Gov. Ron DeSantis (R) succeeded where predecessor Rick Scott failed, inking a pact with the Seminole Tribe that would unlock the $35o million a year that the Seminoles have been holding in escrow. In return, the tribe gets a … Continue reading
Posted in Animals, Bally, BetMGM, Boyd Gaming, Caesars Entertainment, Churchill Downs, Cirque du Soleil, Cordish Co., Crown Resorts, Downtown, DraftKings, Entertainment, FanDuel, Florida, Greenwood Racing, Hawaii, Horseracing, Internet gambling, James Packer, Las Vegas Sands, Massachusetts, MGM Resorts International, New York, Ohio, Pennsylvania, Politics, Regulation, Seminole Tribe, Sports betting, Taxes, Tennessee, The Strip, Transportation, Virginia, Wall Street, William Hill, Wynn Resorts
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Packer out, Blackstone in at Crown?
Cosmopolitan of Las Vegas owner Blackstone Group threw a lifeline to troubled Crown Resorts, in the form of a $6.2 billion buyout offer. The rope comes with a substantial string attached—Australian regulators must preserve the (sleazy) Crown casino licenses. Without … Continue reading
Posted in Australia, Caesars Entertainment, Connecticut, Crown Resorts, Dining, Diversity, Economy, Entertainment, Foxwoods, Golden Nugget, Greenwood Racing, Indiana, James Packer, Las Vegas Sands, Louisiana, Melco Resorts & Entertainment, Money laundering, Pennsylvania, Regulation, The Strip, Virginia, Wynn Resorts
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Baby steps in Massachusetts, leaps and bounds in Pennsylvania
Given that Plainridge Park didn’t reopen until July 8, and Encore Boston Harbor and MGM Springfield not for two more days after that, it’s wholly understandable that Massachusetts gambling revenue was down 44% last month. JP Morgan analyst Joseph Greff … Continue reading
Posted in Arizona, Boyd Gaming, Caesars Entertainment, DraftKings, El Cortez, FanDuel, Greenwood Racing, Internet gambling, Law enforcement, Massachusetts, Mohegan Sun, New Jersey, Penn National, Pennsylvania, Rush Street Gaming, Sports betting, Tribal, Wall Street, Westgate LV, Wynn Resorts
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Chicago compromise effected
Windy City Mayor Lori Lightfoot (D) may have won a battle but is still losing the war. The Illinois Lege has passed—and Gov. J.B. Pritzker (D) has signed—a ‘relaxation of Chicago‘s 72% casino tax, a burden so onerous it would … Continue reading
Posted in Boulder Strip, Caesars Entertainment, California, Environment, Greenwood Racing, Health, Illinois, Internet gambling, MGM Resorts International, Michigan, North Las Vegas, Oklahoma, Politics, Sports betting, Station Casinos, Taxes, The Strip, Tribal
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Louisiana sees fewer, richer players
Gambling re-started in Louisiana May 18, albeit with some significant casualties. Harrah’s New Orleans and Fair Grounds racino weren’t able to wade in until the end of the month and Diamond Jack’s is kaput. Despite mad business early in reopening, … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, Detroit, DraftKings, Eldorado Resorts, FanDuel, GLPI, Golden Nugget, Greenwood Racing, Health, Internet gambling, Louisiana, Michigan, Penn National, Pennsylvania, PokerStars, Rush Street Gaming, Sports betting, Taxes, Tribal, Wall Street
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Wynn vs. Covid-19; Louisiana casinos reopen with a bang
Are high-rollers immune to Covid-19? Guess so. They’re the only ones who’ll be allowed to play craps when Wynncore and Encore Boston Harbor reopen. Truth to tell, blowing on dice seems kind of creepy in the age of Coronavirus, even … Continue reading
Posted in AGA, Boyd Gaming, Caesars Entertainment, DraftKings, Economy, Entertainment, FanDuel, Greenwood Racing, Health, Internet gambling, Louisiana, Massachusetts, Penn National, Pennsylvania, Rush Street Gaming, South Dakota, Sports betting, The Strip, Wynn Resorts
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“Scary” times for casinos; Hotel rates swoon
Donald Trump wants to reopen America for business May 1, come hell or high water. Former Atlantic City casino executive Robert Ambrose acknowledges that “going past 30 days [quarantine] is scary for the entire industry.” According to Ambrose, it ought … Continue reading
Tramway to Encore; Pennsylvania pony pennies pinched
A gondola ride from Everett City Hall to Encore Boston Harbor? It could happen. Everett Mayor Carlo DeMaria has applied for a $200,000 study grant so that the city can look into the feasibility. He’s picking up the ball from Wynn … Continue reading
Sports wagering booms in Pennsylvania; Casino crime wave in Philippines
Spurred by mobile wagering, the Pennsylvania sports-betting market exceeded $300 million in handle last month. Said PlayPennsylvania.com analyst Dustin Gouker, “Plagued with relatively high gaming taxes and early hurdles to its online launch, Pennsylvania’s future as a legal sports betting jurisdiction … Continue reading
Atlantic City up in November; Sports betting comes to Michigan
Gross gaming revenues of $224 million in Atlantic City last month represented a 7% gain. Table games (+11%) led the way, followed by slot revenues, up 6%. Table win at Borgata rose 14.5% on 7% more wagering, as the house … Continue reading
Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, DFS, e-sports, Economy, Eldorado Resorts, Environment, FanDuel, Greenwood Racing, Hard Rock International, Internet gambling, MGM Resorts International, Michigan, Mohegan Sun, New Jersey, Ocean Resort, Penn National, Pennsylvania, Politics, Rush Street Gaming, Sports betting, Taxes, Tilman Fertitta, Tribal
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Sports betting burgeons in Pennsylvania
Pennsylvania sports-betting handle was $241 million last month, which translated into $19 million in revenue (a quarter of which promptly went to the state). Mobile wagering accounted for $199 million or 82% of the wagering, up from 65% last July. “Most encouraging … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, DraftKings, Eldorado Resorts, Environment, FanDuel, Greenwood Racing, Illinois, Law enforcement, Michigan, Mississippi, Mohegan Sun, Penn National, Pennsylvania, Regulation, Rush Street Gaming, Sexual misconduct, South Dakota, Sports, Sports betting, Tribal, Twin River, Wall Street, Wynn Resorts
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