Category Archives: Internet gambling

Nevada grapples with DFS; Seminole compact dies

Posted on March 7, 2016 by David McKee

Rather than sit on the daily fantasy sports sidelines, Nevada Gov. Brian Sandoval (R, below) wants to nudge the Silver State into the game. To that end, he’s the keynote speaker for a specially convened, all-star hearing by the Nevada Gaming … Continue reading →

Posted in Florida, Geoff Freeman, Georgia, Internet gambling, Isle of Capri, Japan, Nevada, Politics, Racinos, Regulation, Seminole Tribe | Comments Off on Nevada grapples with DFS; Seminole compact dies

DFS’ stormy seas; Glimmer of hope for Macao

Posted on March 4, 2016 by David McKee

By charging blindly into uncharted waters, the daily fantasy sports industry has made a shipload of trouble for itself. Case in point, defunct (or at least comatose) DFS site FantasyUp. The latter pulled the rug out from under its customers, … Continue reading →

Posted in California, Environment, Harry Reid, Internet gambling, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Regulation, Sheldon Adelson, Steve Wynn, Transportation, Wall Street | Comments Off on DFS’ stormy seas; Glimmer of hope for Macao

DFS advances in some markets, retreats in others; Caesars rubs your nose in it

Posted on March 2, 2016 by David McKee

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 | Comments Off on DFS advances in some markets, retreats in others; Caesars rubs your nose in it

Crystals sold; Struggles in California

Posted on March 2, 2016 by David McKee

This morning, Real Estate Alert published a story saying that MGM Resorts International and Dubai World had liquidated Crystals, the high-end retail mall at CityCenter, to Simon Property Partnership. The transaction was valued at $1.1 billion and change, which means … Continue reading →

Posted in Australia, California, CityCenter, Dubai, Horseracing, Internet gambling, MGM Mirage, Regulation, Technology, The Strip, Tribal, Wall Street | Comments Off on Crystals sold; Struggles in California

Scientific’s surprising results; Gaming advancing in Georgia

Posted on February 26, 2016 by David McKee

An upturn in the replacement cycle (8,990 slots shipped) helped Scientific Games post a 10% revenue increase last quarter. A mix of impairment charges, writedowns and consolidation costs led the mega-supplier to a $128 million loss for the quarter, but … Continue reading →

Posted in Atlantic City, Economy, Georgia, Illinois, International, Internet gambling, Macau, Massachusetts, Mohegan Sun, PokerStars, Problem gambling, Scientific Games, Sheldon Adelson, Steve Wynn, Technology, Transportation, Wall Street | 1 Comment

Gaming companies seek to hide financial results; Murren bullish on MGM

Posted on February 22, 2016 by David McKee

When the gaming industry speaks, Frank Schreck‘s lips move. His latest move is to propose a removal of the transparency that applies to casinos owned by investment banks and funds, such as the Hard Rock Hotel & Casino and SLS … Continue reading →

Posted in CityCenter, Economy, Florida, Hard Rock Hotel, Internet gambling, MGM Mirage, Regulation, SLS Las Vegas, The Strip | Comments Off on Gaming companies seek to hide financial results; Murren bullish on MGM

Seminole Christmas tree in Florida; Free money for California ponies

Posted on February 22, 2016 by David McKee

Pot or gambling? That’s the choice Florida Gov. Rick Scott (R) faces in newly discovered documents from 2014, in which the Poarch Band of Creek Indians seeks a casino on a one-acre parcel near Pensacola in return of $1 billion … Continue reading →

Posted in Boyd Gaming, California, Dining, Downtown, Entertainment, Florida, Internet gambling, Politics, Tourism, Tribal | Comments Off on Seminole Christmas tree in Florida; Free money for California ponies

New Jersey resumes sports-betting push; Sheldon Adelson gets his man

Posted on February 18, 2016 by David McKee

New Jersey is hoping the third time is the charm in its attempt to get sports betting OK’d by the Third Circuit Court of Appeals. With four major sporting leagues and the NCAA aligned against it, New Jersey’s is a … Continue reading →

Posted in ABBA, Atlantic City, Donald Trump, Election, Entertainment, International, Internet gambling, Macau, MGM Mirage, Pansy Ho, Politics, Regulation, Sheldon Adelson, Sports, The Strip | Comments Off on New Jersey resumes sports-betting push; Sheldon Adelson gets his man

Wall Street loves it some Boyd; Wolf at the door

Posted on February 17, 2016 by David McKee

Boyd Gaming came out with its figures for 4Q15 and Wall Street is fairly singing the company’s praises. “We believe that BYD’s diversified, domestic regional gaming portfolio should continue to benefit from continued U.S. jobs growth and lower gas prices. … Continue reading →

Posted in Atlantic City, Boyd Gaming, Downtown, Greenwood Racing, Hawaii, Internet gambling, Iowa, Kansas, Louisiana, Mohegan Sun, Pennsylvania, PokerStars, Sheldon Adelson, Taxes, Technology, Transportation, Wall Street | Comments Off on Wall Street loves it some Boyd; Wolf at the door

DFS: Trouble in paradise; It’s not good to be Dan Gilbert

Posted on February 8, 2016 by David McKee

Besieged on all sides, daily fantasy sports operators find themselves in retreat. DraftKings said it “will voluntarily pause” its operations in Hawaii in response to a ruling by state Attorney General Doug Chin that DFS is gambling and therefore illegal … Continue reading →

Posted in Eldorado Resorts, Florida, Hard Rock International, Harrah's, Hawaii, Indiana, Internet gambling, Mississippi, Ohio, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation | Comments Off on DFS: Trouble in paradise; It’s not good to be Dan Gilbert

New York deals itself in on i-poker

Posted on February 3, 2016 by David McKee

A bill to legalize Internet poker in New York State advanced unanimously out of the state Senate Committee on Racing, Gaming & Wagering. That’s the easy part. It now goes to the Finance Committee, where tougher

Posted in Internet gambling, New York, Pennsylvania, Politics | Comments Off on New York deals itself in on i-poker

Quote of the Day

Posted on February 2, 2016 by David McKee

“We didn’t kick anybody out. All we said is play by the rules. This board has been progressive toward innovation.” — Nevada Gaming Control Board Chairman A.G. Burnett on the state’s stance toward daily fantasy sports.

Posted in Internet gambling, Nevada, Regulation | Comments Off on Quote of the Day

Gulfport: Not so fast; DFS winning in Florida

Posted on January 29, 2016 by David McKee

In one day, attorney Robert Lubin‘s plan for a new Gulfport, Mississippi, casino went from being the next big thing to “Yes, but …” Lubin, whose speciality is EB-5 visa financing, envisions a two-pronged project: a $140 million casino plus … Continue reading →

Posted in Entertainment, Florida, Internet gambling, Mississippi, Oklahoma, Regulation, Seminole Tribe, Tribal | Comments Off on Gulfport: Not so fast; DFS winning in Florida

Strip’s illusory Christmas present; A.C. Trop antes up

Posted on January 29, 2016 by David McKee

Las Vegas Strip gaming revenues were up 8% last month but Deutsche Bank analyst Carlo Santarelli is calling that headline “misleading,” the increase “purely optical.” Volume of table play was down 11% and slot coin-in was 2% less. But increased … Continue reading →

Posted in Atlantic City, Boulder Strip, Boyd Gaming, Downtown, Economy, Greenwood Racing, Harrah's, Internet gambling, Lake Tahoe, Laughlin, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, Nevada, North Las Vegas, Penn National, Pennsylvania, Reno, Sheldon Adelson, Technology, The Strip, Tropicana Entertainment, Wall Street | Comments Off on Strip’s illusory Christmas present; A.C. Trop antes up

Christie’s bum rap; New partner for Packer?; Casino chicanery in Maine

Posted on January 26, 2016 by David McKee

“The people involved in this, if you took a thimble and put their knowledge of Atlantic City in it, it wouldn’t fill it,” says Thomas Carver, former policy czar for the resort town, who lost his job when he displeased … Continue reading →

Posted in Atlantic City, Australia, Cosmopolitan, Economy, Election, Internet gambling, James Packer, Maine, Melco Crown Entertainment, New Hampshire, Penn National, Politics, Racinos, Revel, Taxes, The Strip | Comments Off on Christie’s bum rap; New partner for Packer?; Casino chicanery in Maine

The 7% solution; Grief in Texas

Posted on January 26, 2016 by David McKee

Woe betide the “Borgata Babe” who loses or gains more than 7% of her body weight. Do it and you’re out the door. This archaic — to say nothing of sexist — policy was passively reaffirmed when the New Jersey … Continue reading →

Posted in Atlantic City, Boyd Gaming, California, Delaware, Election, Internet gambling, MGM Mirage, Problem gambling, Regulation, Sports, Texas, Vermont | Comments Off on The 7% solution; Grief in Texas

Case Bets

Posted on January 25, 2016 by David McKee

Casinos: They’re not just for French resorts anymore. Marseille Mayor Jean-Claude Gaudin is plumping for a casino in his city, which is badly afflicted by poverty. He seems to be right on the curve, as far as a casino injection … Continue reading →

Posted in Economy, International, Internet gambling, Isle of Capri, Mississippi, New York, Taxes, Tilman Fertitta, TV | Comments Off on Case Bets

Another card room busted; Station becomes Red Rock

Posted on January 22, 2016 by David McKee

Scarcely was the ink dry on the American Gaming Association‘s proclamation of improved anti-money-laundering compliance than a plea-bargaining agreement was revealed involving the Normandie Casino, a venerable Gardena, California, card room. According to the Los Angeles Times, the Normandie “failed … Continue reading →

Posted in California, Economy, Geoff Freeman, Internet gambling, Law enforcement, Macau, Massachusetts, MGM Mirage, Neil Bluhm, Pennsylvania, Sheldon Adelson, Station Casinos, Tribal, Wall Street | Comments Off on Another card room busted; Station becomes Red Rock

Seminoles take to the air; Trop exec vanishes

Posted on January 20, 2016 by David McKee

Florida‘s Seminole Tribe is taking its case to the people, as its new compact with Gov. Rick Scott (R) faces an uphill slog in the Legislature. The compact is such a Rube Goldberg contraption, with so many moving parts, you … Continue reading →

Posted in Delaware, Florida, GLPI, Harrah's, Indiana, Internet gambling, Marketing, Missouri, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Seminole Tribe, Tropicana Entertainment, TV | Comments Off on Seminoles take to the air; Trop exec vanishes

Big win for Icahn; Boffo year for Pennsylvania

Posted on January 19, 2016 by David McKee

No further obstacles should remain to a Carl Icahn takeover of ailing Trump Taj Mahal after an appeals court found in favor of wage- and health-care rollbacks at the Atlantic City casino. Unite-Here Local 54 and the workers it represents … Continue reading →

Posted in Atlantic City, Carl Icahn, Cordish Co., International, Internet gambling, Nevada, Pennsylvania, Regulation, Sheldon Adelson, Taxes, Trump Entertainment Resorts, Unite-Here | Comments Off on Big win for Icahn; Boffo year for Pennsylvania