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Category Archives: Internet gambling
Looking for a few good gamblers; Loveman lauded
If you live in New Jersey, this may be your lucky day. The state is looking for players to try out its i-gaming system ahead of the Nov. 26 launch. A month into real-money play, New Jersey will permit bonus … Continue reading
Posted in Florida, Harrah's, Internet gambling, Massachusetts, Regulation, Steve Wynn
1 Comment
Suffolk Downs: Life after Caesars; PokerStars nixed?
Another day, another occasion to scratch one’s head over the casino-averse culture in Massachusetts. The Boston Globe‘s Shirley Leung does her usual Chicken Little routine, lamenting that the Bay State may get no casinos at all. (Fret not, Shirley, somebody … Continue reading
Indiana up and down; Garber agonistes
Casinos in Indiana grossed 3% less last month but still far outperformed ($193 million) neighboring Illinois and Ohio. Patron traffic was 9% down but visitor spend rose 7%. Penn National Gaming‘s Hollywood Lawrenceburg got absolutely hammered by new competition from … Continue reading
Posted in Boyd Gaming, Charity, Cordish Co., Current, Economy, Harrah's, Indiana, Internet gambling, Japan, Massachusetts, MGM Mirage, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Station Casinos, Tropicana Entertainment
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Penn overboard!; Macao’s zenith
First the good news about Ohio: Gambling revenue was up 47% last month. Now, the bad news. One a same-store basis it was down 2% year/year. Who knew the Buckeye State would get saturated so quickly? The statewide gross was … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Dan Gilbert, Delaware, Economy, Harrah's, Illinois, Internet gambling, Macau, Melco Crown Entertainment, MGM Mirage, Missouri, MTR Gaming, Neil Bluhm, Ohio, Penn National, Racinos, Sheldon Adelson, Stanley Ho, Station Casinos, Tourism, Wall Street
1 Comment
Good news, bad news for Suffolk Downs; Wynn shaken down
Congratulations, Suffolk Downs. You’ve been approved as a casino bidder — but the voters might nix the whole shebang. Although Suffolk Downs is bereft of an operator, having given Caesars Entertainment the heave-ho. (The latter remains in deep water, financially, making noises … Continue reading
Posted in Foxwoods, Hard Rock International, Harrah's, Horseracing, Internet gambling, Massachusetts, Mohegan Sun, Neil Bluhm, Oklahoma, Problem gambling, Regulation, Sheldon Adelson, Steve Wynn, Tribal
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MGM: A class act in Maryland; Sands’ convenient poll
MGM Resorts International‘s presentation last week to the Maryland Video Lottery Terminal Location Commission lacked the smell of fear that Penn National Gaming exuded last week. Alluding to Penn’s offer to forfeit all profits and to creative accounting, MGM CEO Jim … Continue reading
Posted in Cordish Co., Greenwood Racing, Internet gambling, Maryland, MGM Mirage, Penn National, Regulation, Sheldon Adelson, Uncategorized
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Slots and torts; Menominee don’t quit; Caesars scapegoats Suffolk
If you’ve probably seen, if there’s anything the manufacturing sector of the gaming industry likes to do better than make new slot games is to sue one another for patent infringement. The fun may be coming to an end. Rep. … Continue reading
Posted in International, Internet gambling, Massachusetts, Regulation, Station Casinos, Taxes, Technology, Tribal, Wisconsin
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Caesars tries to change the subject; Penn makes its case
As Caesars Entertainment skulks away from Massachusetts, tail between legs, a campaign of manufactured outrage continues to be mounted on its behalf. At its baseline is an attempt to minimize the reasons why the Massachusetts Gaming Commission was poised to … Continue reading
Posted in Harrah's, Horseracing, Internet gambling, Maryland, Massachusetts, MGM Mirage, Penn National, Problem gambling, Regulation, Stanley Ho, The Mob
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Parx: Pay as you go; Muted rapture in California
Parx Casino in Raynham, Massachusetts, will cost $277 million. Parx has $231 million in the kitty. How does the company propose to make ends meet? It will erect a temporary slot facility while the permanent one is built. This temporary … Continue reading
Posted in Atlantic City, California, Encore, Internet gambling, Massachusetts, Racinos, Revel, Station Casinos, Tribal, Trump Entertainment Resorts
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One scandal in 141 seconds
For those of you who want to catch up quickly on the Florida dragnet that snared dozens of Internet betting parlors in a scandal, here’s a one-shot primer.
Posted in Current, Florida, Internet gambling, Regulation
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Caesars: Fiasco in Boston
Suffolk Downs will be moving forward … without Caesars Entertainment. The track dropped Caesars like a bad habit over the weekend. Caesars tried to make it sound like the decision was its own. Spokesman Stephen Cohen threw a hissy fit, … Continue reading
Atlantic City ‘Net betting gathers speed; Render unto Loveman
Three more casinos have been green-lit to take Internet wagers along the Boardwalk. As you know, Borgata had already been approved. The second license went to the Golden Nugget, which is running its own site, with assistance from Bally Technologies. … Continue reading
And the winner is … Borgata; Black eased out; Kudos to Sands
Leading the field, Borgata received New Jersey‘s first Internet-gambling license and will begin test play on Nov. 21. Congratulations to Boyd Gaming and partner bwin.party for having their ducks in a row. Understated Borgata prexy Tom Ballance, “It’s always nice … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Internet gambling, Massachusetts, Mesquite, Michael Gaughan, Pennsylvania, Sheldon Adelson, Tribal
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Freeman flunks; Casino insecurity; Between a Hard Rock and a good deed
It’s a good thing that American Gaming Association President Geoff Freeman hightailed it to Barcelona this week to give a speech. During Global Gaming Expo, his signature achievement was to stake the AGA’s credibility on a Justin Timberlake movie. Freeman … Continue reading
Posted in Alex Yemenidjian, Atlantic City, Charity, Delaware, Economy, Election, G2E, Hard Rock International, Harrah's, Indiana, Internet gambling, Massachusetts, MGM Mirage, Movies, New York, Penn National, Regulation, Taxes, The Strip, Tourism
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Learning to love the Boardwalk again
In a surprising — but not unwelcome — turn of events two Philadelphia casino investors are looking at getting into Atlantic City. It’s amazing the effect legalized Internet betting can have. Business partners George Miller and Kevin Flynn own 0.5% … Continue reading
Caesars spooks Wall Street; Florida fumbles
Not surprisingly, Caesars Entertainment stock took a dip this morning. Why the lack of surprise? The company is further diluting its value by preparing to issue 10 million additional shares of common stock. “While we would view the announcement as … Continue reading
Penn, Boyd take the hot seat
Continuing its series of “fireside chats,” Deutsche Bank‘s Carlo Santarelli met with Penn National Gaming executives. They reported that high-end play was pretty much normal but that small-fry players (who represent a quarter of their database) are wagering less these … Continue reading
Posted in Atlantic City, Boyd Gaming, Downtown, Internet gambling, Missouri, Ohio, Penn National, Wall Street
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New look for IGT; Bally thinks small; Why see Britney?
There’s a new logo in town and it belongs to International Game Technology. That futuristic type you see is emblematic of the slot-machine company’s ongoing reinvention of itself into an online-gaming provider. The firm may be rolling out new machines … Continue reading
Posted in Bally Technologies, Entertainment, IGT, Illinois, Internet gambling, Scientific Games, Shuffle Master, Slot routes, The Strip, Wall Street, WMS Industries
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Another Borgata first; Ohio is “george”; Adelson’s waiting game
In what could be a harbinger of good things for Atlantic City, the final events of the World Poker Tour are being held at Borgata. It’s to promote the legalization of online poker in New Jersey, but anything that brings … Continue reading
Setback for New Jersey; Doom for Mathis; Tribal magic
Federal judges gave the boot to the Garden State’s attempt to enter the mega-lucrative sports betting market. A subset of the Third Circuit of the U.S. Court of Appeals upheld a reading of the Professional & Amateur Sports Betting Act … Continue reading
Posted in Atlantic City, Florida, Internet gambling, Oklahoma, Regulation, Tribal
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