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Category Archives: International
Trump’s tribal treachery
As the press continues to dig into Donald Trump‘s past, it’s uncovering activity that is vile even by Trump’s debased standards. Such is the case in his race-baiting campaign against the casino application of the St. Regis Mohawks. Not man … Continue reading
Riviera site to become a stadium?; Cordish, MGM face off in Maryland
It’s anything but certain that the [your city here] Raiders are coming to Las Vegas, but our civic leaders are moving ahead as though it were a done deal. The preferred site for a Las Vegas Sands-backed stadium, on Tropicana … Continue reading
Posted in California, Cordish Co., Entertainment, Harrah's, International, Louisiana, LVCVA, Marketing, Maryland, MGM Mirage, Penn National, Politics, Riviera, Sheldon Adelson, Sports, The Strip, Tribal
1 Comment
Quote of the Day
“You might think, ‘Well, that is not going to happen to us in America. We’re not going to listen to some ridiculously haired buffoon peddling lies and nativism in the hopes of riding a protest vote into power. Well, let Britain … Continue reading
Posted in Current, International
1 Comment
Tipping point in Pennsylvania near; Cirque du NFL
“I think gaming expansion money in one form or another is necessary for this budget process to be complete,” spoke Pennsylvania House Majority Leader Dave Reed (R). With Gov. Tom Wolf (D, right) having given way on sales-tax and income-tax … Continue reading
Posted in Cirque du Soleil, Economy, International, Internet gambling, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pennsylvania, Politics, Sheldon Adelson, Slot routes, Sports, Station Casinos, Steve Wynn, Taxes, The Strip, Wall Street
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The perils of Packer; Straub misses deadline
There’s been another hiccup in the Alon saga, as billionaire James Packer is restructuring his Crown Resorts portfolio “to shield his Australian assets from a prolonged downturn in the Chinese gambling hub” of Macao, according to Bloomberg. Packer’s share of … Continue reading
Posted in Atlantic City, Australia, Glenn Straub, International, Internet gambling, James Packer, Law enforcement, Massachusetts, Melco Crown Entertainment, Penn National, Revel
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Lucky Dragon forges ahead; Calm urged in Macao
By this point, it’s hardly news that Lucky Dragon Casino is on track to open in December, breathing some additional life into the north Strip (we hope). However, Lucky Dragon execs continue to argue that they should have received tax-increment … Continue reading
Posted in Economy, International, Lucky Dragon, Macau, Marketing, Regulation, Sheldon Adelson, Taxes, The Strip, Tourism
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Macao: The 9% solution; It’s a bird, it’s a plane, it’s Steve Wynn
Supply has overrun demand in Macao, where a wave of impending megaresorts is rolling in on an emaciated marketplace. But optimistic noises are being heard at Global Gaming Expo Asia, amid the robotic croupiers and other new toys. “The sentiments … Continue reading
Posted in Downtown, Economy, Entertainment, G2E, International, Lawrence Ho, Macau, Pennsylvania, Politics, Regulation, Steve Wynn, Taxes
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Quote of the Day
“In the short-term there will be conflicting information and worry about the aviation sector in the region, but we remain bullish on the long-term prospects on airlines flying out of, and headquartered in Gulf States (UAE, Qatar) specifically.” — Jonathan Galaviz, … Continue reading
Posted in Current, International
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MGM prevails, Wynn slowed in Massachusetts
Bowing to the inevitable, the Massachusetts Gaming Commission ratified MGM Resorts International‘s redesign of MGM Springfield, on which the casino company is already hard at work. What was the MGC to do? Tell MGM to go back to Square One? … Continue reading
Posted in Architecture, Environment, International, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Politics, Regulation, Steve Wynn, Transportation, Tribal
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Weidner headed to Vietnam?; Nazarian on the rebound
William Weidner hasn’t finished Lucky Dragon Casino yet and he’s already flashing some leg at the Vietnamese government (or so it appears), seeking a $4 billion casino megaresort in Ho Chi Minh City (to most us, Saigon). Financing Lucky Dragon … Continue reading
Posted in Architecture, Boyd Gaming, Hard Rock Hotel, International, Lucky Dragon, Macau, Marketing, Morgans Hotel Group, Palms, Regulation, Sam Nazarian, Station Casinos, Wall Street
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Poker Stars changes Atlantic City landscape; MGM budges (slightly) on parking fees
An extra month helped Atlantic City post a banner April, up 6%. Citywide, 5% higher slot handle produced a corresponding increase in revenue, while 4.5% table-game wagering translated into 10% more winnings for the house. Borgata ($56 million) was up … Continue reading
Posted in Ameristar, Atlantic City, Boyd Gaming, CityCenter, Golden Gaming, Harrah's, International, Internet gambling, Iowa, Isle of Capri, MGM Mirage, Mohegan Sun, Pinnacle Entertainment, PokerStars, Racinos, Sports, The Strip, Tropicana Entertainment, Warner Gaming
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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
Brockton casino nixed; The sleeping tiger
An “uninspiring” design and a lack of a solid Brockton business plan scuppered Neil Bluhm‘s ambitions in Massachusetts. The state’s gaming commission voted his proposal down, 4-1. “If this were a knockout proposal and a great strategy to lift Brockton, this … Continue reading
Posted in Delaware, Economy, International, Massachusetts, Neil Bluhm, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, Taxes, Tribal
2 Comments
Macao junketeers left holding the bag; Lionel Richie wows the ladies
We could see another shakeout in Macao junket operators. According to Daiwa Securities Group, most of the industry is “struggling just to break even.” Part of that problem is that they’re carrying almost $3,9 billion in bad debt — and you … Continue reading
Posted in Australia, Economy, Entertainment, Foxwoods, International, Macau, Marketing, Melco Crown Entertainment, Mohegan Sun, Penn National, Planet Hollywood, Regulation, Sheldon Adelson, South Dakota, Sports, Steve Wynn, Taxes, The Strip, Tribal, Wall Street
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Straub’s better mousetrap; Sparks Nugget in the clear
By now it is something of an understatement to say that Revel owner Glenn Straub thinks outside the box. Or, as the Philadelphia Inquirer put it, his “plans for the massive property have veered erratically from mud slides to academic … Continue reading
Posted in Atlantic City, Dining, Economy, Entertainment, Environment, Geoff Freeman, Glenn Straub, International, Law enforcement, Macau, Marnell Gaming, Pinnacle Entertainment, Regulation, Reno, Revel, Sheldon Adelson, Sports, Taxes
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Icahn promises little, gets OK’d anyway; Tribal generosity in California
Carl Icahn is officially the owner of Trump Taj Mahal, having received the blessing of the New Jersey Casino Control Commission. The OK was given despite Icahn’s having reneged on his promise of a $100 million capex infusion into the … Continue reading
Posted in Alabama, Atlantic City, California, Carl Icahn, Donald Trump, Genting, International, Penn National, Tribal, Tropicana Entertainment
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Unhappy Easter in Illinois; Money-laundering mess in Sparks
Easter, if you can believe it, is being blamed for a 2% decline in Illinois casino revenues last month. Argosy Belle continued to be the problem child of the state, down 13% (to $5 million). Slot-route competition continued to do … Continue reading
Freeman rakes Wolf; The delights and dangers of DFS
American Gaming Association President Geoff Freeman is throwing down against Pennsylvania Gov. Tom Wolf (D) and the latter’s desire to tax casino free play. If Wolf’s proposal had been in effect last year, the state would have netted slightly less … Continue reading
Posted in Arizona, Colorado, Florida, Geoff Freeman, Illinois, International, Internet gambling, Marketing, Oklahoma, Pennsylvania, PokerStars, Taxes, Tribal
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Shady dealings in D.C.; New bromance between GLPI and Pinnacle
Voters in Washington, D.C., could find themselves voting on a casino initiative this November. A 9,000-square-foot gambling house has been proposed for Anacostia. It would have slots, blackjack and other table games but, strangely enough, no slots or electronic table … Continue reading
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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