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- If you can’t beat ’em, cheat ’em; Fun & games
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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,252 views
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Category Archives: Internet gambling
Hope on the Boardwalk
Down four casinos and counting, Atlantic City suffered a 9% dip last month but a 14% gain on a same-store basis. A 13% fall in slot win and a 12% decline in coin-in seems to have driven the slippage: In … Continue reading
Station mixes candor, optimism; Adelson: What’s next?
Station Casinos CFO Marc Falcone wasn’t showing his cards in yesterday’s conference call with analysts. He would only say that, in the wake of Proposition 48‘s defeat in California, Station and the North Fork Rancheria of Mono Indians would explore “other … Continue reading
Posted in Atlantic City, California, Detroit, Economy, Election, Harry Reid, Internet gambling, MGM Mirage, Politics, Regulation, Sheldon Adelson, Station Casinos, Tribal, Trump Entertainment Resorts
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Seminole talks to restart; Churchill Downs’ big play
Now that he’s assured of four more years, Florida Gov. Rick Scott (R) can tidy up some unfinished business … like compact negotiations with the Seminole Tribe. The $1 billion/five-year deal currently before the two parties would reward that tribal … Continue reading
Posted in California, Churchill Downs, Current, Florida, Genting, Hard Rock International, Internet gambling, Racinos, Regulation, Sheldon Adelson, Tribal, Wall Street
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Tribal roundabout
Escalating the level of desperation in Connecticut, comes a proposal for the state’s two gaming tribes to gang-tackle Massachusetts by collaborating on a third casino of their own. So far, all of the noise seems to be coming from Mohegan … Continue reading
Posted in California, Economy, Foxwoods, Internet gambling, Massachusetts, Mohegan Sun, Oklahoma, PokerStars, Taxes, Tribal
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Penn: The world according to GARP
Observing stability in regional gaming markets, Deutsche Bank‘s Carlo Santarelli is out with a bullish investor note on Penn National Gaming today, declaring “the worst appears over.” He sets a $17 target price for the stock (currently trading just below … Continue reading
Posted in Election, Internet gambling, Massachusetts, New York, Ohio, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Wall Street
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Sheldon steps in it again and again
Sheldon Adelson‘s love of authoritarianism has made him another enemy. At the latest Israel American Conference, Adelson rhapsodized, “God talked about all the good things in life. He didn’t talk about Israel remaining as a democratic state, otherwise Israel isn’t going to … Continue reading
Posted in Atlantic City, Economy, Genting, International, Internet gambling, Japan, Macau, Politics, Sheldon Adelson, Singapore, Tourism
1 Comment
Election ’14: The day after
MGM Resorts International didn’t wait for the ballots to get cold. It had equipment on site in downtown Springfield yesterday, conducting “geotechnical soil assessments” on the future site of the parking garage. Laying out a timeline for the project MGM … Continue reading
Linking to The Linq; Tribal Internet push
After an unhappy interregnum as The Quad, the former Imperial Palace officially becomes The Linq today. (What was up with that Quad nonsense anyway?) It might as well be called “The Millennial,” given the number of amenities targeted to that … Continue reading
Posted in California, Dining, Donald Trump, Environment, GTECH, Harrah's, IGT, Internet gambling, Technology, The Strip, Tribal
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Wynn’s oysters schucked
Details of Steve Wynn‘s site-remediation plan are starting to emerge and they include rendering tainted soil inert by mixing it with cement. What they don’t include anymore are oyster beds to process polluted Mystic River water. Government officials nixed this … Continue reading
Impatience in Philly; Big sting at Caesars
It’s been eight months since the Pennsylvania Gaming Control Board held suitability hearings for awarding Philadelphia‘s second and final casino license. Those deliberations seem to have receded in the hazy yon of the past. It’s a situation that’s not sitting well … Continue reading
Posted in Cannery Casino Resorts, Harrah's, Internet gambling, Law enforcement, Macau, Penn National, Pennsylvania, Racinos, Regulation
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Story time with Grandpa Sheldon
Although he’s almost upstaged by his toupee, Sheldon Adelson delivers a fairly absorbing history of the world according to Sheldon.
Posted in Architecture, Internet gambling, Macau, Sheldon Adelson, Singapore
1 Comment
Wild, wild East; Fertitta remembered
Imagine a Las Vegas in which to play you were required to lay out at least $65 … and where the average minimum bet was $270, maybe even $320. You’d have Macao, whose players dwarf Vegas’ ($20 average minimum bet) … Continue reading
Caesars’ shell game; Setback in Japan
“Extend and pretend.” Those are the words of gaming analyst Alan Woinski, describing the debt-management practices of Caesars Entertainment and CEO Gary Loveman: “they extended out the maturities and just put new debt on top of old debt, and the … Continue reading
Atlantic City: Which way is up?; Sheldon Adelson, prophet
Unburdened of four unprofitable casinos, if the revenue in Atlantic City is counted on a “same store” basis (i.e., leaving Revel, Showboat, the Atlantic Club and Trump Plaza out of the picture), the Boardwalk actually saw a 4% increase in … Continue reading
Life after Revel; Sheldon’s solid quarter
Faced with fewer and fewer casino choices in Atlantic City, players seem to be choosing to stay home. The seaside city saw gaming revenues plummet 17% last month. That’s also the same percentage by which coin-in and slot revenues slipped. … Continue reading
Making sense of Pence; Dan Lee returns (again)
Taking a page from Wisconsin Gov. Scott Walker‘s playbook, Indiana Gov. Mike Pence (R) is trying to have it both ways: oppose “expansion” of gambling but refuse to define aforesaid expansion. With riverboat casinos pressing to come ashore, Pence has … Continue reading
Posted in Dan Lee, Indiana, Internet gambling, MGM Mirage, New York, Ohio, Palms, Pinnacle Entertainment, Politics
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Caesars wins times two
Congratulations are in order twice over for Caesars Entertainment. The company is towering over its competitors in the social-gaming sphere, according to Eilers Research. While Zynga still rules Facebook and DoubleDown Casino has thrown a lifeline to International Game Technology, … Continue reading
Posted in Bally Technologies, Detroit, Entertainment, Environment, Harrah's, IGT, Internet gambling, Maryland, MGM Mirage, World Series of Poker
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All Wynn, all the time
Posted in Carl Icahn, Economy, Fontainebleau, G2E, Internet gambling, Macau, Marketing, Maryland, MGM Mirage, Mississippi, Pennsylvania, Politics, Regulation, Sheldon Adelson, Steve Wynn, Tamares Group, Taxes
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Bad news in New York and Macao
In a setback for all regions of New York State that are eligible for a casino (or two), the casino-siting board has made it clear it’s taking a serious look at the “up to four” clause in the licensing process. … Continue reading
Posted in Atlantic City, California, Economy, Illinois, Internet gambling, Macau, New York, Ohio, Pennsylvania, Regulation, Wall Street, West Virginia
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Atlantic City: The good, the bad and the very ugly
Taking a glass-half-full view of Atlantic City, CEO of MGM Resorts International Jim Murren wanted back in. Why not, when it means having half of by far the dominant joint in town, Borgata? Now that MGM has been vetted and … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Donald Trump, Glenn Straub, Harrah's, Internet gambling, Japan, Massachusetts, Mohegan Sun, Revel, Trump Entertainment Resorts
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