Category Archives: Greenwood Racing

N.Y.: Accentuate the negative; Sheldon’s change of heart

Posted on October 27, 2014 by David McKee

“The economy is so depressed around here, anything is a plus. That’s how bad it is around here.” With that backhanded endorsement, the owner of Pepe’s Bar-B-Q in Binghamton, N.Y., gave his blessing to casinos in the area. In order to … Continue reading →

Posted in CityCenter, Economy, Greenwood Racing, Hard Rock International, Illinois, MGM Mirage, Neil Bluhm, New York, Pennsylvania, Sheldon Adelson, Slot routes, The Strip | Comments Off

Inside Sands’ success; Furor in Fresno

Posted on September 19, 2014 by David McKee

The most baccarat tables per casino in the U.S. are to be found at — no kidding — Sands Bethlehem. The casino, which fields 50 baccarat tables grossed $18 million in table game revenue last month, a record amount for … Continue reading →

Posted in California, Election, Greenwood Racing, Marketing, Massachusetts, Mohegan Sun, New York, Pennsylvania, Politics, Regulation, Sheldon Adelson, Station Casinos, Tribal, Wall Street | Comments Off

Would you let this man rob your casino?

Posted on July 28, 2014 by David McKee

Despite 14 arrests for cheating at a couple dozen Las Vegas casinos, the Nevada Gaming Control Board never saw fit to nominate hall-of-fame cardshap Jubreal Chahine for inclusion in the Black Book, not even after it publicly characterized him as … Continue reading →

Posted in Cretins, Greenwood Racing, MGM Mirage, Neil Bluhm, Pennsylvania, Regulation, Sheldon Adelson, The Strip | Comments Off

Argosy saved … for now

Posted on July 21, 2014 by David McKee

Not only has the Iowa Supreme Court not ruled on Judge Elizabeth Ovrom‘s ruling to close Argosy Sioux City, it hasn’t decided whether or not to hear the case. However, it still has kept the Penn National Gaming riverboat on life … Continue reading →

Posted in Foxwoods, Greenwood Racing, Iowa, Massachusetts, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Tribal | Comments Off

Pinnacle, GLPI impress The Street; Parx beats Pennsylvania

Posted on April 30, 2014 by David McKee

Despite soft performance in its regional markets, Pinnacle Entertainment impressed an analyst or two by exceeding revenue expectations for the past quarter. Pinnacle’s cash flow was $3 million above Wall Street estimates, a feat attributed to fiscal discipline and improved … Continue reading →

Posted in Ameristar, Greenwood Racing, Illinois, Louisiana, Marketing, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Taxes, Wall Street | Comments Off

Look out, Macao, here comes Crimea

Posted on April 21, 2014 by David McKee

That’s the message from Crimea‘s puppet leader, Rustam Temirgaliyev, who claims that Crimea could outdo Monaco, Las Vegas and even Macao. (It is not recorded whether anyone laughed at his assertion.) “Our task is to create a tourist cluster, which will … Continue reading →

Posted in Entertainment, Greenwood Racing, Harrah's, International, Massachusetts, Mohegan Sun, North Las Vegas, Pennsylvania, Racinos, Regulation, Steve Wynn, Taxes | 1 Comment

Incest in Philadelphia and New Jersey

Posted on March 17, 2014 by David McKee

Pennsylvania‘s one-and-one-third rule for casino ownership is playing hob with applications for the state’s final casino license, in Philadelphia. For instance, frontrunner Market 8 would be one-quarter owned by the ubiquitous Ira Lubert, who already owns half of Valley Forge … Continue reading →

Posted in Atlantic City, Cordish Co., Don Barden, Greenwood Racing, Iowa, Macau, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Regulation, Revel, Sheldon Adelson, Tomato King Procacci, Tribal, Warner Gaming | Comments Off

Massachusetts: Penn wins

Posted on February 28, 2014 by David McKee

Oh, cruel fate. It looked like that Massachusetts slot parlor was in the bag for Cordish Gaming and the city of Leominster. After all, Massachusetts Gaming Commission Chairman Stephen Crosby had rated the project as “very good,” adding, “Thus our … Continue reading →

Posted in Cordish Co., Greenwood Racing, Horseracing, Illinois, Massachusetts, Penn National, Politics, Racinos, Regulation, Rhode Island, Slot routes, Wall Street | Comments Off

Revere: Mohegan Sun rising in the east; Dose of reality in New Jersey

Posted on February 26, 2014 by David McKee

Election results are in from Revere, where Suffolk Downs and Mohegan Sun are partnering to build a racino. It wasn’t even close. Casino opponents were heavily outspent and, in the end, heavily outvoted, being crushed in a landslide, 63% to … Continue reading →

Posted in Atlantic City, Cordish Co., Current, Economy, Election, Greenwood Racing, Internet gambling, Massachusetts, Mohegan Sun, Penn National, Taxes, Tribal | Comments Off

A vote for Leominster; Lopsided race at Suffolk Downs

Posted on February 20, 2014 by David McKee

Describing Leominster as “highly self-contained,” Innovation Group has recommended it for Massachusetts‘ lone slot license. While it may have been independently commissioned by the North Central Massachusetts Chamber of Commerce, the contents of the study will be music to the ears … Continue reading →

Posted in Cordish Co., Economy, Election, Greenwood Racing, Massachusetts, Mohegan Sun, Penn National | 1 Comment

Shilling for Adelson; Saturation comes to Pennsylvania

Posted on February 18, 2014 by David McKee

After the 9/11 attacks, New York State then-Gov. George Pataki (R) was only to push casinos through as a form of economic stimulus. Now he’s a sock puppet for Sheldon Adelson, preaching the evils of Internet casinos. He’s been parroting … Continue reading →

Posted in Cannery Casino Resorts, Greenwood Racing, Harrah's, Isle of Capri, Massachusetts, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Politics, Problem gambling, Sheldon Adelson | Comments Off

Penn, Parx fold in Maryland; Home rule in N.Y.?

Posted on February 5, 2014 by David McKee

In a rare moment of grace, Penn National Gaming agreed not to sue Prince George’s County over the award of a Maryland casino project to MGM Resorts International. (As expected, Greenwood Racing also signed away its prerogative to litigate.) Perhaps … Continue reading →

Posted in Cantor Gaming, Economy, Greenwood Racing, Macau, Maryland, MGM Mirage, New Hampshire, New York, Penn National, Problem gambling, Regulation, Sports | Comments Off

A fistful of intangibles

Posted on January 30, 2014 by David McKee

A produce warehouse and a fistful intangibles. That’s what Joseph “Tomato King” Procacci says will enable him to get his casino proposal up and running six months ahead of any rival bidder. Touting his ‘juice’ in the community, the Tomato … Continue reading →

Posted in Architecture, Cordish Co., Cosmopolitan, Greenwood Racing, Massachusetts, Mohegan Sun, Regulation, Tomato King Procacci, Tribal | 1 Comment

Another thousand slot machines

Posted on January 28, 2014 by David McKee

Penn National Gaming — sort of a “favorite son” candidate for a Philadelphia casino — is first up in presentations to the Pennsylvania Gaming Control Board for the fifth Philly-area casino license. Bart Blatstein‘s and Isle of Capri Casinos‘ $700 … Continue reading →

Posted in Cordish Co., Economy, Greenwood Racing, Isle of Capri, Penn National, Pennsylvania, Regulation, Tomato King Procacci | 2 Comments

D-Day in Philly; Al Sharpton’s casino-boss buddy; Angst in Maine

Posted on January 27, 2014 by David McKee

It’s death-grapple time in Philadelphia, where five competing proposals will be aired for the final time before the Pennsylvania Gaming Control Board. Even a supporter of casino expansion in the city, like Jeffries LLC‘s John Maxwell, concedes there will be … Continue reading →

Posted in Alabama, Churchill Downs, Cordish Co., Cosmopolitan, Entertainment, Greenwood Racing, Maine, New York, Penn National, Pennsylvania, The Strip, Tomato King Procacci, Tourism, Tribal | Comments Off

And it’s … MGM again

Posted on December 23, 2013 by David McKee

Add Massachusetts to the roster of states where MGM Resorts International has been approved to operate. It received the unanimous assent of the Massachusetts Gaming Commission earlier today. “The Commission … finds that the Applicant has satisfied its burden of … Continue reading →

Posted in Current, Election, Greenwood Racing, Maryland, Massachusetts, MGM Mirage, Penn National, Regulation, Steve Wynn, Uncategorized | Comments Off

And it’s … MGM

Posted on December 20, 2013 by David McKee

This news is so hot off the wires Howard Stutz has only had time to tweet it but Prince George’s County has chosen MGM Resorts International for its new casino license. Pleas by Greenwood Racing for an extension had been … Continue reading →

Posted in Current, Greenwood Racing, Maryland, Massachusetts, MGM Mirage, Penn National, Regulation | 2 Comments

Falling out in Philly; Falling apart at Caesars

Posted on December 17, 2013 by David McKee

SugarHouse Casino has finally said what needed to be said: The Philadelphia market is tapped out for casinos. It’s not entirely a disinterested stance; SugarHouse is finishing a $155 million expansion and vulnerable to new competition. But the numbers have … Continue reading →

Posted in Atlantic City, Greenwood Racing, Harrah's, Internet gambling, Maryland, Massachusetts, Neil Bluhm, Penn National, Pennsylvania, Regulation, Steve Wynn, The Strip, Tilman Fertitta | 1 Comment

Hasta la vista, EuroVegas

Posted on December 13, 2013 by David McKee

His demands having been rejected by the Spanish government, Sheldon Adelson has renounced EuroVegas, his $30 billion grand folly of 12 hotels, six casinos and 18,000 slots in Spain. Considering his hard-nosed stance that the company only concentrate on projects … Continue reading →

Posted in Greenwood Racing, International, Japan, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Sheldon Adelson, Wall Street | Comments Off

D-Day nears for Massachusetts, Maryland

Posted on December 9, 2013 by David McKee

This just in: MGM Resorts International has been tentatively approved by the investigative branch of the Massachusetts Gaming Commission, pending the satisfaction of certain matters. That moment is drawing nigh at which point the Massachusetts Gaming Commission must rule upon … Continue reading →

Posted in Atlantic City, Colony Capital, Cordish Co., Greenwood Racing, Harrah's, Maryland, Massachusetts, MGM Mirage, Pansy Ho, Penn National, Regulation, Stanley Ho, Steve Wynn, Tribal | 1 Comment