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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Horseracing
Hell no, they won't; Penghu punk'd; Barbarians at the gates (again)
Pay taxes, that is. Two Indiana racinos are pushing back against a tax rate that averages 38%. Considering that the two tracks — one run by Cordish Gaming — are the newbies on the Hoosier State scene, one could fairly … Continue reading
Posted in Alex Yemenidjian, Boyd Gaming, CityCenter, Cordish Co., Cosmopolitan, Fontainebleau, Harrah's, Horseracing, Indiana, International, MGM Mirage, Penn National, Riviera, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, The Strip, Tribal, Wall Street
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Crime doesn't pay; Wyden wimps out
Five dimes worth of damage, $40,000 bail — and all to wrest a measly two grand from some vending machines at Harrah’s Atlantic City. That’s the losing bet made by two security guards. Couple this with the floormen who destroyed … Continue reading
Posted in Atlantic City, Harrah's, Harry Reid, Horseracing, Internet gambling, Louisiana, Neil Bluhm, Ohio, Oklahoma, Pennsylvania, Planet Hollywood, Politics, Sheldon Adelson, Technology, Wall Street
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Big Trop shakeup
During his absent-minded interregnum as Tropicana Las Vegas CEO Scott Butera nearly denuded the casino of on-property entertainment. Only the hasty re-signing of Xtreme Magic left the Trop with a show in the house. Over time, Butera’s people added a … Continue reading
Posted in Alex Yemenidjian, Current, Entertainment, Horseracing, Maryland, Ohio, Penn National, The Strip, Tropicana Entertainment
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"You can't bring that sword in here!"
Some do-it-yourself ninja got busted sneaking a samurai sword into Casino Rama, in Ontario. As far as exotic weaponry on the casino floor, S&G thinks this takes the prize. The not-so-great ATM caper. Both Wired.com and the Christian Science Monitor … Continue reading
Posted in Animals, Harrah's, Horseracing, Riviera
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Case Bets: Packer & Ho, Sands Bethlehem, MGM Mirage, Ameristar, Penn, Harrah's, etc.
• Smashing guitars — but not over each other’s noggins — James Packer and Lawrence Ho christened City of Dreams. The younger Ho downplayed expectations of foot traffic, saying his $2.4 billion megaresort could get by on far fewer visitors … Continue reading
Posted in Ameristar, Cordish Co., Current, Detroit, Economy, Election, Harrah's, Horseracing, Iowa, James Packer, Lawrence Ho, Macau, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Wall Street
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Case Bets: Kansas update, Cordish's push, Penn's prudence, taxing sex
Details of Lakes Entertainment‘s just-under-the-wire entry into the Kansas casino derby are beginning to emerge — and it looks a bit half-assed. Particularly non-confidence-inspiring was the admission, “We’re going to go find the cash.” If somebody as flush as Phil … Continue reading
Posted in Cordish Co., Harrah's, Horseracing, Kansas, MGM Mirage, Taxes, Tropicana Entertainment
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Another setback for Packer
Several potential owners of Cannery Casino Resorts want to withdraw from the process rather than disclose their identities to Pennsylvania regulators. In addition, Gretel Packer, sister to Crown Ltd. CEO James Packer, has asked to pull back her license application. … Continue reading
Posted in Cannery Casino Resorts, Horseracing, James Packer, Pennsylvania, Regulation
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Case Bets: Penn in Vegas, Fontainebleau, Fine Cotton R.I.P.
Phil Hevener, the guy who was onto the Imperial Palace sale before anyone else, says Penn National pitched offers for not only The Mirage but also Caesars Palace … at insultingly low EBITDA multiples (see bottom of story). The Strip … Continue reading
Posted in Australia, Boyd Gaming, Fontainebleau, Harrah's, Horseracing, MGM Mirage, Penn National, The Strip, Tribal
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Case Bets: Penn in Vegas, Fontainebleau, Fine Cotton R.I.P.
Phil Hevener, the guy who was onto the Imperial Palace sale before anyone else, says Penn National pitched offers for not only The Mirage but also Caesars Palace … at insultingly low EBITDA multiples. The Strip has seen much better … Continue reading
Posted in Australia, Boyd Gaming, Fontainebleau, Harrah's, Horseracing, MGM Mirage, Penn National, The Strip, Tribal
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Collapse in Kansas; Herbst is toast
And then there was one. A Cordish Co./Kansas Speedway joint venture has pulled the chicken switch on a $400 million casino project. This leaves avionics firm Butler National Service Corp., with its Dodge City concession, as the only company with … Continue reading
Posted in Ameristar, Economy, G2E, Harrah's, Herbst Gaming, Horseracing, International, Kansas, Macau, MGM Mirage, Penn National, Pinnacle Entertainment, Regulation
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Casino Vote '08: Dan Lee's the big winner
JP Morgan has proclaimed Pinnacle Entertainment “the biggest winner this election day.” By voting to both lift the cap on buy-ins and the close Missouri to additional casinos, Show-Me State voters delivered a gift to Pinnacle CEO Dan Lee, who … Continue reading
Posted in Ameristar, Colorado, Current, Election, Gary Goett, Horseracing, Indiana, Maryland, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Taxes
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Meet Bill Yung
That preening Master of the Universe wannabe you see above is Columbia Sussex CEO William Yung III, subject of a lengthy (and deeply unflattering) exposé in the Louisville Courier-Journal. The article basically explains what Missouri Gaming Commission Director Gene McNary … Continue reading
Posted in Atlantic City, Columbia Sussex, Horseracing, Louisiana, Sports
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Desperation in Florida
Is Isle of Capri‘s racino a disappointment (especially for horsemen)? Is Boyd Gaming taking Florida expansion off the table? Is Magna Entertainment threatening to close overextended Gulfstream Park? What’s a Florida lawmaker to do? Why, legalize every form of gambling … Continue reading
Posted in Atlantic City, Boyd Gaming, Florida, Horseracing, MGM Mirage, Penn National, Pinnacle Entertainment, Politics, Tribal
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Racinos a bum deal?
They are if you’re a horse owner at The Isle Casino & Racing @ Pompano Park, which not only left trainers and owners out in the cold, as far as slot revenues are concerned, it just slashed purse amounts by … Continue reading
Posted in Atlantic City, Columbia Sussex, Florida, Horseracing, Kentucky, Politics, Sports, Tribal
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