Category Archives: Internet gambling

Macao’s incredible jackpot; Execs on the move

Posted on February 11, 2014 by David McKee

If you think the emergence of Macao as the gambling capital of the world has been amazing, you ain’t seen nothin’ yet. That’s the essence of a new report from Nomura Securities. It predicts that the Macao market has the … Continue reading →

Posted in Affinity Gaming, Colorado, Harrah's, IGT, Internet gambling, Macau, Melco Crown Entertainment, Sheldon Adelson, Stanley Ho, Wall Street | Comments Off on Macao’s incredible jackpot; Execs on the move

Churchill Downs gets singed, casino creditors get burnt

Posted on February 10, 2014 by David McKee

Nick Ribis, a contentious figure in the Atlantic City casino scene is at it again. Or so contends a lawsuit by Churchill Downs. The racino company claims it paid Ribis $2.5 million “to develop and operate” Internet gambling on its … Continue reading →

Posted in Atlantic City, Churchill Downs, Colony Capital, Florida, Foxwoods, Harrah's, Horseracing, Internet gambling, Massachusetts, Mohegan Sun, Racinos, Revel, Sam Nazarian, Tribal | 1 Comment

Sheldon Adelson vs. the world

Posted on February 5, 2014 by David McKee

A fissure has opened within Big Gaming. Sheldon Adelson‘s efforts to push anti-Internet-casino legislation will be officially opposed by an industry lobby that includes MGM Resorts International. Both MGM and the American Gaming Association are constituents of the Coalition for Consumer … Continue reading →

Posted in Economy, Election, Florida, Genting, Internet gambling, MGM Mirage, Politics, Sheldon Adelson, Tribal | Comments Off on Sheldon Adelson vs. the world

The many faces of Steve Wynn

Posted on February 4, 2014 by David McKee

It’s great sport following the tortuous circumlocutions through which Wynn Resorts is putting itself, trying to square its varying positions on Internet gambling. El Steve declared himself against it in an interview with Jon Ralston, although he game himself a … Continue reading →

Posted in Atlantic City, Harrah's, Internet gambling, Macau, Massachusetts, Regulation, Steve Wynn | 1 Comment

Quote of the Day

Posted on February 4, 2014 by David McKee

““We’re talking about something that would turn back the clock on states like New Jersey. I’m stunned that this is a position that any attorney general would take. It essentially endorses a federal power grab to come in and tell … Continue reading →

Posted in Atlantic City, Internet gambling, Regulation, Sheldon Adelson | Comments Off on Quote of the Day

The hypocrisy of Steve Wynn

Posted on February 3, 2014 by David McKee

Like a couple of crotchety codgers sitting in their rocking chairs, Steve Wynn has joined Sheldon Adelson in the “You kids get off my lawn” club when it comes to Internet gambling. (Not that he has allowed this to stop … Continue reading →

Posted in Atlantic City, Delaware, Economy, International, Internet gambling, Massachusetts, Pennsylvania, Racinos, Regulation, Revel, Sheldon Adelson, Steve Wynn, Taxes | Comments Off on The hypocrisy of Steve Wynn

Now everybody wants it

Posted on January 29, 2014 by David McKee

Like a Smith College student ‘experimenting’ with same-sex dalliance, the Massachusetts Lottery wants experimental online gambling, with a view toward possible for-money play somewhere down the road. “[I]in the interests of preserving and protecting the Lottery, we simply want to … Continue reading →

Posted in Atlantic City, Delaware, International, Internet gambling, Macau, Massachusetts | Comments Off on Now everybody wants it

Foxwoods shows persistence & other Case Bets

Posted on January 28, 2014 by David McKee

Foxwoods Massachusetts is back and going all in with a proposal for a $750 million facility in Fall River. This means there is finally a heavyweight contender for the southeastern regional license — albeit a company that voters tossed out … Continue reading →

Posted in California, Election, Foxwoods, Harrah's, Horseracing, Internet gambling, Marketing, Massachusetts, Ohio, Racinos, Texas, Tribal | 1 Comment

Getting serious in Massachusetts; i-Flop in Delaware

Posted on January 27, 2014 by David McKee

A drive to repeal Massachusetts‘ casino-enabling legislation has got Bay State operators-to-be taking it very seriously. They’ve filed with the state Supreme Court to have it stricken from the state ballot. (The state’s attorney general, Martha Coakley, pictured, has already … Continue reading →

Posted in Cannery Casino Resorts, Delaware, Election, Illinois, Internet gambling, Massachusetts, Mohegan Sun, Penn National, Regulation, Slot routes | Comments Off on Getting serious in Massachusetts; i-Flop in Delaware

All stories lead to Massachusetts

Posted on January 24, 2014 by David McKee

Since it faces no competition in western Massachusetts, it was mostly theater when MGM Resorts International CEO James Murren presented the project to the Massachusetts Gaming Commission. The latter will have months in which to mull the enormous volume of … Continue reading →

Posted in Atlantic City, Boyd Gaming, California, Harrah's, International, Internet gambling, Massachusetts, MGM Mirage, Pennsylvania, Taxes, Tribal | Comments Off on All stories lead to Massachusetts

IGT disappoints, GOP hesitates

Posted on January 24, 2014 by David McKee

International Game Technology reported 1Q14 results that were great, if you read the Las Vegas Review-Journal,  and disappointing if you read Wall Street analysts. Profits were up 21% — but revenue growth slowed to 2%. Social gaming was credited with … Continue reading →

Posted in Economy, IGT, Internet gambling, Politics, The Strip, Tourism, Wall Street | Comments Off on IGT disappoints, GOP hesitates

Palmetto State stalemate; Wynn strikes again

Posted on January 23, 2014 by David McKee

Back in 2005, the State of South Carolina, bowing to the inevitable, legalized cruise-to-nowhere gambling ships that operate out of Palmetto State ports. Now the Catwaba Indian Nation hopes to leverage that legislation into VLTs for itself. The state says … Continue reading →

Posted in Atlantic City, Churchill Downs, Harrah's, Horseracing, Internet gambling, Kentucky, South Carolina, The Strip, Tribal | Comments Off on Palmetto State stalemate; Wynn strikes again

One less brick in the wall

Posted on January 21, 2014 by David McKee

Internet gambling in New Jersey is still wet behind the ears but state Sen. Raymond Lesniak wants to move it to the grown-ups’ table. Specifically, he wants wide-area Internet poker play. Domestic (read: Nevada and New Jersey) and international ones … Continue reading →

Posted in Atlantic City, Georgia, Internet gambling, Minnesota, Ohio | Comments Off on One less brick in the wall

Online gambling is …

Posted on January 15, 2014 by David McKee

… a success, according to Seeking Alpha. On the other hand, Telsey Advisor Group projects New Jersey to flop, eventually only grossing $90 million, not the half-billion envisioned by some. Bloomberg Businessweek reports “mildly disappointing” numbers and that Internet wagering … Continue reading →

Posted in Atlantic City, Boyd Gaming, Economy, Harrah's, Internet gambling, Pennsylvania, Problem gambling, Revel, Tourism, Trump Entertainment Resorts | Comments Off on Online gambling is …

Vive la difference; Early ‘Net bets from Jersey; 99 years or bust

Posted on January 14, 2014 by David McKee

Since before its opening, The Cosmopolitan of Las Vegas has marketed itself to “the curious class,” and you’ll certainly be intrigued — and perhaps a bit befuddled — by its newest ad, which seems to be promoting a new brand … Continue reading →

Posted in Atlantic City, Australia, Cosmopolitan, Entertainment, Internet gambling, James Packer, Marketing, The Strip | 1 Comment

Quote of the Day

Posted on January 8, 2014 by David McKee

“The writing is on the wall: the encroachment of the Internet cannot be stopped and neither can consumer demand. Anyone who doesn’t believe that online gaming is here to stay should ask Blockbuster if streaming movies online was merely a fad.” — … Continue reading →

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

Toxic overconfidence at Wynn; Persistence in Kentucky

Posted on January 8, 2014 by David McKee

Whoops. It seems like Wynn Resorts was a little coy (or careless) about how it intended to clean up a toxic-waste site  (home to “volatile organic compounds, petroleum hydrocarbons, PCBs, and evidence of sulfuric acids and other substances“) in Everett. Bostonians … Continue reading →

Posted in Boyd Gaming, Environment, Internet gambling, Kansas, Kentucky, Massachusetts, Politics, Sheldon Adelson, Steve Wynn, Taxes | 2 Comments

Freeman vs. the Evil Empire

Posted on January 7, 2014 by David McKee

Sheldon Adelson. That’s who American Gaming Association President Geoff Freeman is preparing to take on, as the AGA beefs up its lobbying staff. It’s a bipartisan group that includes 2012 Obama campaign guru Jim Messina. Freeman demurs that it isn’t … Continue reading →

Posted in Cantor Gaming, Internet gambling, Marketing, Penn National, Politics, Racinos, Regulation, Sheldon Adelson, West Virginia | 1 Comment

Wynn’s new man in Macao; Sheldon’s losing hand

Posted on January 7, 2014 by David McKee

Steve Wynn will continue to be CEO and Chairman of Wynn Macau. However, he’s handing off the presidency to Gamal Aziz. It’s another sign that Macao isn’t just a department of a company like Wynn Resorts but an entity unto … Continue reading →

Posted in Atlantic City, Foxwoods, Harrah's, Internet gambling, Macau, Massachusetts, Mohegan Sun, Sheldon Adelson, Steve Wynn, Wall Street | 1 Comment

A Murren moment

Posted on January 6, 2014 by David McKee

“I don’t think people are going to stay home in their bunny slippers and play video instead of coming to Bellagio.” You have to like Jim Murren‘s refreshing lack of pretension. I’m taking a wait-and-see attitude on the project onrush … Continue reading →

Posted in Economy, Internet gambling, Japan, Macau, MGM Mirage, Singapore, The Strip, Tourism | Comments Off on A Murren moment