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Category Archives: history
Quote of the Day
“The kind of fraud which consists in daring to proclaim the truth while mixing it with a large share of lies that falsify it, is more widespread than is generally thought.”—Marcel Proust
Posted in history
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What can I see in Las Vegas?
As of this writing, Las Vegas is closed for business. But it could reopen as soon as May 1 and some are optimistic for its future. Among them is James Smith, this week’s guest contributor. His thoughts are as follows … Continue reading
Macao bad, worse to come; No casinos for Brazil
“With the government keeping limitations on individual and group visas into the market and transportation options remaining impaired we believe the Macau market could take five to seven months to start stabilizing and showing improvement,” Stifel Financial analyst Steven Wieczynski … Continue reading
Posted in Atlantic City, Caesars Entertainment, China, Connecticut, Dining, Economy, Foxwoods, Galaxy Entertainment, Hard Rock International, Health, history, International, Internet gambling, Japan, Las Vegas Sands, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Ocean Resort, Politics, Scientific Games, Station Casinos, Taxes, Wall Street, Wynn Resorts
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Quote of the Day
“Biographical history, as taught in our public schools, is still largely a history of boneheads: ridiculous kings and queens, paranoid political leaders, compulsive voyagers, ignorant generals, the flotsam and jetsam of historical currents. The men who radically altered history, the great creative scientists and mathematicians, are seldom mentioned if at all.”—Martin Gardner, mathematician … Continue reading
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Sanders enters casino fray; MGM execs play the market
Sen. Bernie Sanders (I), perhaps in a move to reinvigorate his comatose presidential campaign, has waded into the dispute between the Trump administration and the Mashpee Wampanoag. The origin of the tribe’s newly dissolved, 321-acre reservation is clouded by tribal recognition during … Continue reading
Vegas in the time of Coronavirus; Trump squelches tribe
Las Vegas on lockdown is pretty spooky. It’s like a neutron bomb fell on the Strip, wiping out all the people and leaving the casinos intact. However, there may be a glimmer at the end of the April 17 tunnel. … Continue reading
Posted in AGA, Donald Trump, Economy, GLPI, Health, history, Massachusetts, Penn National, Politics, Tribal, Trump Entertainment Resorts, Twin River, Wall Street, Wynn Resorts
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Under the Boardwalk; Premature panic in Virginia
New Jersey Gov. Phil Murphy (D) is taking the long view on casino closures—as in, what happens if they last two months? He’s measuring the negative economic impact at $1.1 billion. According to The Press of Atlantic City, “That figure encompasses … Continue reading
Quote of the Day
“Bipartisanship helps to avoid extremes and imbalances. It causes compromises and accommodations. So let’s cooperate.”—Zbigniew Brzezinski
Wisdom from the Mustang Ranch
We’re reprinting this guest editorial by businessman Lance Gilman in full, not least because we can’t find an iota of disagreement with it. Enjoy, dear readers … I’ve lived through the anti-Vietnam years in the Sixties, the gas crisis of … Continue reading
Poverty in the suites; Industry ramps up bailout pressure
Sheldon Adelson is worth $28 billion today. Which doesn’t sound so bad until you consider that he was worth $40 billion before the Wall Street crash. That’s the literal price of owning 432,000,000 shares of Las Vegas Sands. Not that … Continue reading
Posted in AGA, Caesars Entertainment, California, Carl Icahn, Charity, China, Donald Trump, Economy, Elaine Wynn, FanDuel, GLPI, Health, history, Horseracing, Illinois, Internet gambling, Las Vegas Sands, Macau, Melco Resorts & Entertainment, MGM Resorts International, Movies, New York, Phil Ruffin, Sheldon Adelson, Sports betting, Station Casinos, The Mob, Tribal, Unite-Here, Wall Street, Wynn Resorts
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Murren sacked
MGM Resorts International canned CEO Jim Murren yesterday, while nobody was looking, promoting Bill Hornbuckle acting CEO and president. Hornbuckle should have been Murren’s heir apparent but the exiled CEO had preferred to go on a candidate search. MGM explained … Continue reading
Quote of the Day
“The coward dies a thousand deaths, the brave but one’ … [The man who first said that] was probably a coward …. He knew a great deal about cowards but nothing about the brave. The brave dies perhaps two thousand deaths … Continue reading
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Quote of the Day
“Convictions are more dangerous enemies of truth than lies.”—Friedrich Wilhelm Nietzsche
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Massachusetts’ Daddy Warbucks; Ghoulish new Flamingo show
Neil Bluhm doesn’t have an office in Massachusetts. Nor any employees. But Rush Street Gaming‘s Bay State affiliate spent the second-highest amount on lobbying last year. That’d be 662 dimes lavished on the pursuit of the state’s elusive, final casino … Continue reading
Posted in Architecture, Caesars Entertainment, California, Economy, Election, Entertainment, Health, history, Lotteries, Marketing, Massachusetts, Neil Bluhm, Pennsylvania, Racinos, Regulation, Resorts World LV, The Strip, TV
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Bank rides to Churchill Downs’ rescue; Las Vegas healthy
Last week Churchill Downs posted perfectly good 4Q19 numbers but Wall Street wasn’t buying it. CHDN shares slumped 14%. That prompted some weekend damage control from JP Morgan, which bumped its rating up from “neutral” to “overweight,” and sent analyst … Continue reading
Posted in Caesars Entertainment, China, Conventions, Donald Trump, Economy, Eldorado Resorts, Health, history, Horseracing, Illinois, Indiana, International, Kentucky, Marketing, Problem gambling, Regulation, Rhode Island, Slot routes, Sports, Sports betting, The Strip, Tourism, Transportation, Tribal, Wall Street, Washington State, William Hill, Wynn Resorts
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Bennett returns, Aguilera leaves, Adelsons idolized
The Las Vegas Strip will be blessed for three nights in August, as Tony Bennett returns to The Venetian. He’ll play the 12th, 14th and 15th, with an assist from Antonia Bennett. Tickets start at $50, with a portion of … Continue reading
Posted in Aristocrat, Boyd Gaming, CityCenter, Entertainment, Florida, Health, history, IGT, Indiana, Las Vegas Sands, Louisiana, Macau, Maine, Marijuana, MGM Resorts International, Oregon, Planet Hollywood, Problem gambling, Scientific Games, Scott Butera, Sheldon Adelson, Shuffle Master, Singapore, Sports, Sports betting, Technology, The Strip, Tribal, Wisconsin
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Quote of the Day
“The humblest servant of the Government should not be at the mercy or the caprice of the most distinguished politician. Let every man who may receive a commission from the United States know that he holds it from the people, in … Continue reading
Posted in history
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Saturation hits Connecticut; Culinary waffles on Sanders
So much for Tribal Winds, the satellite casino that was going to counteract MGM Springfield. Its backers are cutting the proposed $300 million investment by one-third. On the plus side, this could be read as a way of saying the … Continue reading
Posted in China, Colorado, Connecticut, Culinary Union, Donald Trump, DraftKings, Economy, Election, Environment, Foxwoods, Harry Reid, Health, history, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Pennsylvania, Politics, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Technology
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Election special
Such is the Culinary Union‘s clout that Nevada Sen. Jacky Rosen (D, left), Sen. Catherine Cortez Masto (D) and Rep. Susie Lee (D) will also be casting their caucus ballots at Culinary-sponsored events, staggered across today through Tuesday. On Wednesday, … Continue reading
Quote of the Day
“To the world, he was a legend, an actor from the golden age of movies who lived well into his golden years, a humanitarian whose commitment to justice and the causes he believed in set a standard for all of … Continue reading
