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Category Archives: Indiana
End of a golden tribal era; Vegas Vic gets his due
Already gaming pundits are reading the entrails of the presidential election and predicting that while a Donald Trump administration could be Bad News for Internet gambling it will be Very Bad News Indeed for tribal gaming. Words like “disaster” are … Continue reading
Posted in Donald Trump, Downtown, Economy, history, Indiana, Internet gambling, Law enforcement, Massachusetts, Oklahoma, Regulation, Tribal
4 Comments
Mixed bag in Indiana; Don’t mess with Massachusetts
One less weekend day in October helped depress casino revenues in Indiana, down 3%. However, individual property results were all over the place, making generalizations perilous. For instance, Majestic Star II in Gary was down 9%, to $5 million, but … Continue reading
Posted in Ameristar, Boyd Gaming, Election, Full House Resorts, Harrah's, Indiana, Law enforcement, Lawrence Ho, Macau, Majestic Star, Marketing, Massachusetts, Melco Crown Entertainment, Penn National, Pinnacle Entertainment, Racinos, Steve Wynn, Tropicana Entertainment
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Indiana does well, Missouri does better
Foot traffic at Indiana casinos was down last month but players wagered more freely, 4.5% up from last year, leading to an almost 2% increase in casino revenues. Penn National Gaming was right in line with overall state performance and … Continue reading
Posted in Boyd Gaming, Entertainment, Full House Resorts, Golden Gaming, Harrah's, Indiana, Isle of Capri, Majestic Star, Missouri, Penn National, Pinnacle Entertainment, Racinos, The Strip, Tropicana Entertainment
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Indiana gamblers visit less, play more; Rude surprise at Seminole Hard Rock
Indiana casino customers visited less last month but more than made up for it with increased spending, keeping Hoosier State gaming revenues stable. That even-keel figure conceals some big swings and roundabouts at individual property. Horseshoe Hammond had an unaccountably … Continue reading
Poker players 1, Adelson 0; Competition in Maryland gets ugly
For the first time in anyone’s recollection, the Republican Party has dropped its opposition to Internet poker from the election platform. It’s a win for the Poker Players Alliance, which lobbied for the change of heart. This doesn’t mean the … Continue reading
Posted in Cordish Co., Donald Trump, Election, Harrah's, Indiana, Marketing, Maryland, MGM Mirage, Politics, Sheldon Adelson
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Tribal gaming reaches new high; New concept for Railroad Pass
Last year was the best ever for tribal casinos, up 5% from 2014, coming in just a bit shy of $30 billion. Recent efforts to align tribal and private-sector casino interests come at a time when the tribal sector could … Continue reading
Posted in Architecture, Dubai, Economy, Election, Indiana, Kazuo Okada, Macau, MGM Mirage, Mississippi, Nebraska, Philippines, Regulation, Transportation, Tribal, Tropicana Entertainment
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Atlantic City goes to pot; MGM, Boyd, Pinnacle, Red Rock Resorts meet The Street
We’ve come a long way from the days of Reefer Madness. Latest case in point: Atlantic City, where Assemblyman Reed Gusciora (D) is pushing recreational “tea” as a cure to the city’s penurious condition. Weed would be legalized on the Boardwalk and … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, CityCenter, Economy, Georgia, Glenn Straub, Harrah's, Illinois, Indiana, Internet gambling, Macau, Marketing, Maryland, MGM Mirage, Mississippi, Missouri, Palms, Pinnacle Entertainment, Politics, Reno, Scientific Games, Station Casinos, The Strip, Wall Street
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Indiana market battered; Foxwoods branches out
One less weekend of business hit Indiana casinos fairly hard last month. The state’s industry was down 7%, to $186 million. Patrons were spending more — a heartening metric — but foot traffic was off nearly 12%. However, even less … Continue reading
Dan Lee raises Hoosier hackles; Sioux City mess not done yet
Indiana Gov. Mike Pence (R) has made it pretty clear that there aren’t going to be any new casinos on his watch, just riverboats converted to onshore facilities. Try telling that to Full House Resorts CEO Dan Lee, however. The … Continue reading
Posted in Charity, Dan Lee, Full House Resorts, Indiana, Iowa, New Hampshire, Penn National, Politics, Racinos
Comments Off on Dan Lee raises Hoosier hackles; Sioux City mess not done yet
Warm spring for Indiana; Trouble ahead for Packer and Ho
While Illinois casinos were flat last month, the action was livelier next door in Indiana. Admissions declined 4%, meaning that players were spending 9%, as casino revenues rose 5%. The percentage champion was Tropicana Evansville, up 17% on an $11 … Continue reading
Posted in Ameristar, Boyd Gaming, Donald Trump, Full House Resorts, Harrah's, Indiana, International, James Packer, Lawrence Ho, Macau, Majestic Star, Melco Crown Entertainment, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Steve Wynn, Tropicana Entertainment, Wall Street
1 Comment
Quote of the Day
“This casino project takes a significant piece of property off the tax rolls, and this is a problem for a county that has the dubious distinction of having the highest percentage of tax-exempt properties in the whole state. I think if … Continue reading
Penn talks turkey; Celebrity brawl at Aria
Next week Penn National Gaming turns on the Marquee Rewards spigot at the Tropicana Las Vegas. Given some of management’s recent disclosures, it won’t come a day too soon: 85% of Penn’s customer base comes to Sin City but stays … Continue reading
Posted in Affinity Gaming, Ameristar, Boyd Gaming, CityCenter, Cordish Co., Full House Resorts, Harrah's, Indiana, Isle of Capri, Majestic Star, Marketing, Maryland, Massachusetts, MGM Mirage, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Steve Wynn, Taxes, The Strip, Tourism, Tribal, Tropicana Entertainment, Wall Street, West Virginia
1 Comment
DFS becomes political football; More trouble for PokerStars
Add Yahoo to the list of daily fantasy sports providers that are tiptoeing out of New York State under an accord with state Attorney General Eric Schneiderman. The latter has said that if the issue can’t be resolved in the … Continue reading
Posted in Arizona, Election, Florida, Harrah's, Indiana, Internet gambling, Law enforcement, Maryland, Minnesota, Missouri, New York, Oklahoma, PokerStars, Politics, South Korea, Wisconsin
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Trump: The art of failure, Part II
Donald Trump‘s current ubiquity is causing the spotlight to fall upon his many setbacks in the gaming industry. “If you look at anything that guy has done in this industry, he has a lead thumb — it’s the opposite of a golden touch,” … Continue reading
Posted in Atlantic City, California, Donald Trump, Foxwoods, Harrah's, history, Indiana, The Mob
1 Comment
Tribal gaming comes to Indiana; Casinos change hands in Macao
Indiana casinos are on course to face a significant new competitor: a $400 million project in South Bend, bankrolled by the Pokagon Band of Potawatomi Indians. No date has been set for the beginning of construction but the Potawatomi have struck … Continue reading
Posted in Indiana, International, Macau, Regulation, Stanley Ho, Taxes, Tribal
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Pinnacle/GLPI deal gets OK; Hard Rock courts Cypriots
Shareholders of Pinnacle Entertainment have voted to approve a deal whereby all but one of the company’s physical assets would be sold to real estate investment trust Gaming & Leisure Properties, while Pinnacle would continue to exist as a casino-management company. … Continue reading
Virginia is for lovers … of DFS
Score a “win” for daily fantasy sports, as it was legitimized in Virginia. Gov. Terry McAuliffe (D) applied his signature to the Fantasy Contests Act, which places DFS under the auspices of the state’s Department of Agriculture & Consumer Service, effective July … Continue reading
Posted in Geoff Freeman, Georgia, Indiana, Internet gambling, Iowa, Massachusetts, Nevada, Politics, Regulation, Sports
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Sex in the sky; Great month for Indiana
Gary Loveman‘s beloved Vegas High Roller has become Las Vegas‘ favorite place to expose oneself, with eight known instances to date. Let’s not pretend to be surprised by this. Anyway, proving that what happens here often leads to a misdemeanor … Continue reading
Posted in Boyd Gaming, Full House Resorts, Harrah's, Indiana, Law enforcement, Majestic Star, Ohio, Penn National, Pinnacle Entertainment, Racinos, The Strip, Tropicana Entertainment, Wall Street
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DFS advances in some markets, retreats in others; Caesars rubs your nose in it
Daily fantasy sports, the loud frat brother of sports betting, is close to a signal victory in Virginia. Both houses of the Virginia Assembly have passed DFS legalization with veto-proof majorities and sent the legislation to Gov. Terry McAuliffe (D). … Continue reading
Posted in Harrah's, Indiana, Internet gambling, Kansas, Penn National, Phil Ruffin, Planet Hollywood, Politics, Racinos, Regulation, Sports, Taxes, The Strip, Tourism
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