Category Archives: Internet gambling

Las Vegas’ latest efforts to combat the online casino revolution

Posted on December 9, 2015 by David McKee

By Walter Allen Although Las Vegas has long enjoyed a reputation as being the world’s premier casino destination, in the 21st century it has faced unprecedented competition. Not only are alternative gambling hotspots such as Macau in their ascendancy, but increasingly … Continue reading →

Posted in Entertainment, Internet gambling, Macau, The Strip | Comments Off on Las Vegas’ latest efforts to combat the online casino revolution

Scott, Seminoles make a deal; Reid does Caesars’ bidding

Posted on December 8, 2015 by David McKee

Just things were threatening to get ugly between the Seminole Tribe and the State of Florida, Gov. Rick Scott (R) has emerged from the cone of silence to disclose a new, $3 billion revenue-sharing agreement with the Seminoles. The pact, … Continue reading →

Posted in Genting, Harrah's, Harry Reid, Internet gambling, Politics, Regulation, Seminole Tribe, Taxes, Tribal | Comments Off on Scott, Seminoles make a deal; Reid does Caesars’ bidding

Crisis point in Atlantic City; Alabama casino bill abandoned

Posted on December 7, 2015 by David McKee

Atlantic City‘s immediate future is teetering over whether it can persuade Boyd Gaming and MGM Resorts International to parcel a $161 million tax refund over an extended period of time. If not, warns Mayor Don Guardian (R), the city will … Continue reading →

Posted in Alabama, Atlantic City, Boyd Gaming, Dining, Harrah's, Internet gambling, MGM Mirage, Politics, Regulation, Steve Wynn, The Strip | Comments Off on Crisis point in Atlantic City; Alabama casino bill abandoned

‘Net betting in Massachusetts?; Fast track for skill-based slots

Posted on December 3, 2015 by David McKee

Pressure to legalize Internet gambling has emerged from an unexpected quarter — Massachusetts. State Sen. Bruce Tarr (R) has proposed a bill that would allow Web casinos to piggyback onto existing brick-and-mortar ones. True, Wynn Resorts is averse to ‘Net … Continue reading →

Posted in Atlantic City, Internet gambling, Macau, Massachusetts, MGM Mirage, Penn National, Politics, Scientific Games, Steve Wynn, Technology, Tribal, Wall Street | Comments Off on ‘Net betting in Massachusetts?; Fast track for skill-based slots

Quote of the Day

Posted on December 3, 2015 by David McKee

“Nevada, deep down inside, would like to have it and regulate it. It’s another profit center … If it were put into play and if it was regulated by Nevada, that’s going to be another way to get millennials into the … Continue reading →

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

Bad news for Atlantic City; Finally, a ‘Carcieri fix’

Posted on December 1, 2015 by David McKee

Just when you thought the Atlantic City market had rightsized and the Boardwalk was out of the woods, here comes Moody’s Investors Service with a baleful report. Pointing to in-progress casino expansion in several neighboring East Coast states, Moody’s predicts … Continue reading →

Posted in Atlantic City, Economy, Glenn Straub, Harrah's, Internet gambling, Regulation, Revel, Technology, Tourism, Tribal, Trump Entertainment Resorts, TV, Wall Street | Comments Off on Bad news for Atlantic City; Finally, a ‘Carcieri fix’

Caesars gets the boot; Impatience in New York

Posted on December 1, 2015 by David McKee

Lawyers for Caesars Entertainment will be burning a little extra midnight oil after they lost a case that will enable the National Retirement Fund to kick Caesars — its largest donor — out of the fund. That makes Caesars liable … Continue reading →

Posted in California, Election, Foxwoods, Harrah's, history, Internet gambling, Mississippi, Mohegan Sun, New York, Pennsylvania, Regulation, Technology, Tribal | Comments Off on Caesars gets the boot; Impatience in New York

Atlantic City casinos make less, profit more

Posted on November 24, 2015 by David McKee

In a paradoxical development, Atlantic City casinos reported a 61% increase in profitability in Q315. That largesse came even as gross gaming revenues only rose 5%. Cost-containment is credited with being the source of the bounty. Caesars Interactive swung from … Continue reading →

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Dan Gilbert, Economy, Election, Glenn Straub, Harrah's, Indiana, International, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Ohio, Politics, Revel, Sheldon Adelson, Tilman Fertitta, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off on Atlantic City casinos make less, profit more

DFS sued again; Penn disappoints, MGM excels

Posted on November 24, 2015 by David McKee

A Florida attorney seems to have found the soft underbelly of the daily fantasy sports industry: its investors. Ervin Gonzales, representing two Sunshine State punters, has filed a class-action lawsuit that names among its defendants all the major sporting leagues, … Continue reading →

Posted in Florida, Internet gambling, Law enforcement, Massachusetts, MGM Mirage, Penn National, Regulation, Sports | Comments Off on DFS sued again; Penn disappoints, MGM excels

Quote of the Day

Posted on November 24, 2015 by David McKee

“They may have to give up daily games and be limited to real athletic events that take place on at least two days.  And they will certainly be required to be regulated. But there is too much money at stake to … Continue reading →

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

The dark side of DFS; Wynn delay provokes caution

Posted on November 23, 2015 by David McKee

Daily fantasy sports backlash has claimed its first casualty. Relatively minor site TradeSports.com has gone out of business. “Recent negative events in the industry have already increased our costs of operating (and will most likely continue to do so); or perhaps … Continue reading →

Posted in Economy, Internet gambling, Macau, Massachusetts, Problem gambling, Regulation, Steve Wynn, Wall Street | Comments Off on The dark side of DFS; Wynn delay provokes caution

Rick Scott screws the Seminoles; Internet gaming advances in Pennsylvania

Posted on November 20, 2015 by David McKee

By the this point in time it’s pretty clear that Florida Gov. Rick Scott (R) has been negotiating in bad faith with the Seminole Tribe. He’s had five years to come up with a new compact regarding the tribe’s blackjack … Continue reading →

Posted in Florida, Internet gambling, Macau, Pennsylvania, Regulation, Seminole Tribe, Steve Wynn | Comments Off on Rick Scott screws the Seminoles; Internet gaming advances in Pennsylvania

Tribes 1, NLRB 0; DFS on the rampage

Posted on November 18, 2015 by David McKee

In a big setback for Big Labor, the House of Representatives voted to exempt tribal casinos from National Labor Relations Board oversight. This turns back 11 years of precedent, stemming from a 2004 NLRB ruling that San Manuel Indian Bingo … Continue reading →

Posted in California, International, Internet gambling, New York, Regulation | Comments Off on Tribes 1, NLRB 0; DFS on the rampage

DFS: A patchwork of approaches

Posted on November 18, 2015 by David McKee

Although he’s been dissed by New Jersey Gov. Chris Christie (R) and the NCAA (because his bill would allow daily fantasy sports to include college athletes), state Sen. James Whelan (D, right) presses on in his attempt to regulate DFS … Continue reading →

Posted in Atlantic City, Geoff Freeman, Harry Reid, Internet gambling, Marketing, Massachusetts, New York, Pennsylvania, Politics, Regulation, Sports | Comments Off on DFS: A patchwork of approaches

The wacky world of Glenn Straub; New York rescuer for DFS

Posted on November 17, 2015 by David McKee

Instead of hassling Stockton University over ownership of the Showboat (and losing), perhaps Glenn Straub should have been developing a long-range plan for heating Revel through the winter, so that the pipes don’t freeze and burst. His solution? Bring in … Continue reading →

Posted in Atlantic City, Entertainment, Glenn Straub, Internet gambling, New York, Ohio, Pennsylvania, Politics, Regulation, Revel, Transportation, Wall Street | 1 Comment

Banks gun-shy on DFS; Aquinnah tribe suffers major defeat

Posted on November 16, 2015 by David McKee

Another day, another crisis for daily fantasy sports. This week, banks will be soul-searching, grappling with the question of whether to process DFS transactions or not. Market Watch polled some of the major financial institutions and found them taking a … Continue reading →

Posted in Internet gambling, Massachusetts, New York, Regulation, Tribal | Comments Off on Banks gun-shy on DFS; Aquinnah tribe suffers major defeat

The benefits of casino gambling make themselves felt

Posted on November 16, 2015 by David McKee

Minimum wages are a contentious issue on the campaign trail but a settled one at $450 million Stadium Casino. The in-progress Philadelphia gambling hall has committed to a $12/hour minimum wage for its construction and permanent personnel alike. That’s one … Continue reading →

Posted in Atlantic City, Charity, Cordish Co., Economy, Greenwood Racing, Internet gambling, Pennsylvania, Rhode Island, Taxes, Technology, Trump Entertainment Resorts | Comments Off on The benefits of casino gambling make themselves felt

Good news in Massachusetts for DFS and tribe

Posted on November 13, 2015 by David McKee

Home team DraftKings (headquartered in Boston) got a vote of confidence from Massachusetts Gov. Charlie Baker (R), who opined that daily fantasy sports is a game of skill, not of chance. Last weekend, Baker tried a little DraftKings wagering himself … Continue reading →

Posted in Architecture, Internet gambling, Massachusetts, MGM Mirage, Neil Bluhm, New York, Politics, Regulation, Tribal | Comments Off on Good news in Massachusetts for DFS and tribe

Genting feels the heat; DraftKings fights back

Posted on November 13, 2015 by David McKee

All of sudden this week, Genting Group feels compelled to explain itself and declare that, yes, there really has been $50 million worth of construction activity at Resorts World Las Vegas, starting with the parking garage. (Perhaps the visible site preparation … Continue reading →

Posted in Election, Genting, Internet gambling, New York, Regulation, Sheldon Adelson, Technology, The Strip | Comments Off on Genting feels the heat; DraftKings fights back

Phil Ruffin, International Man of Mystery; Another day, another DFS probe

Posted on November 12, 2015 by David McKee

So now we know where those The Mirage-is-for-sale rumors were coming from. Seems that the place really was not for sale, although Phil Ruffin wished it was, to the tune of $1.3 billion. And, as badly as MGM Resorts International … Continue reading →

Posted in Atlantic City, Donald Trump, GLPI, Internet gambling, Macau, MGM Mirage, Phil Ruffin, Politics, Regulation, Sports, Stanley Ho, The Strip, Wall Street | Comments Off on Phil Ruffin, International Man of Mystery; Another day, another DFS probe