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Category Archives: Internet gambling
Internet gambling: It’s here, deal with it; Another delay in Massachusetts
It’s ironic that Sheldon Adelson is expending so much lungpower and cash to try and block federal legitimization of Internet poker and possibly other games. Washington has been left in the dust by individual states and, if it did try … Continue reading
Casino codependency, Chris Christie’s cowardice & other Case Bets
It’s too bad Steve Friess isn’t here to write this next story, because it’s right up his alley. What do you do if your big-name headliner badmouths your casino and CEO on opening night? You re-hire him, what else? Like … Continue reading
Jersey voters jeer ‘Net bets; A friend in high places
“We’ve never been this close to Internet gaming. We’ve talked about it for 10 years. And we’re closer than ever to sports betting. It certainly takes New Jersey outside traditional gaming and puts us at the forefront of the initiatives … Continue reading
Posted in Ameristar, Atlantic City, CityCenter, Current, Election, Internet gambling, Massachusetts, Politics, Racinos, Revel, Tourism
2 Comments
U.S.S. Adelson lost at sea
Sheldon Adelson‘s presidential campaign officially sank today. It was preceded to Davey Jones’ Locker by $21.5 million in Adelson family money (or $10.75 million per primary victory). It’s been a brief voyage but one revelatory of Sheldon’s inner workings. For … Continue reading
Posted in Alex Yemenidjian, Current, Election, Entertainment, Florida, Internet gambling, Macau, Politics, Sheldon Adelson, Singapore, TV
5 Comments
The biggest losers; The Facebook factor
There’s a new power player in gaming and it’s … Brookfield Asset Management? The Canadian lender is already calling the shots (along with Warner Gaming) at the Hard Rock Hotel & Casino, a $1.5 billion quagmire into which Morgans Hotel … Continue reading
New York State of mind; Atlantic City peace of mind; O’Shea’s, a piece of …
If the question of casino expansion were put to Empire State voters this November, the outcome would probably be adverse. That’s the conclusion of a Benenson Group survey. If the fact that Benenson is President Barack Obama‘s pollster of preference … Continue reading
Posted in Election, Entertainment, Genting, Harrah's, Internet gambling, MGM Mirage, Midnight Jim Gibbons, New York, Politics, Racinos, Regulation, Sheldon Adelson, Taxes, Technology, The Strip, Tourism
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Big Brother is triangulating you; Dark days for LVH, Riv; Pinnacle’s Lone Star play
Just to make sure you’re not piggybacking onto its mobile-gambling systems, Cantor Gaming is partnering with Locaid to provide “geo-fencing” for its pocket casinos, which can now be played damn near anywhere on a casino property. (The real endgame, however, … Continue reading
Quote of the Day
“We clearly believe that supply growth is outpacing demand.” — Foxwoods Resort Casino CEO Scott “Woody” Butera, explaining a possible move into Internet gambling. Wow. I knew U.S. gaming expansion would hit the wall eventually — but I never thought … Continue reading
Posted in Economy, Internet gambling, Tribal
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Quote of the Day
“There doesn’t appear to be no respite in sight for Full Tilt Poker, especially after it has once again been hit with another class-action lawsuitfrom [sic] disgruntled online poker players.” — latest dispatch from CalvinAyre.com. Holy grammatical meltdown, Batman!
Posted in Current, Internet gambling
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Sheldon Adelson, super villain
“Where’s the white cat,” asked an S&G reader when photos from the grand opening of Sands Cotai Central showed Sheldon Adelson doing a superb impersonation of Ernst Stavro Blofeld, “crumpets” in attendance. You can just imagine him sitting there, brainstorming … Continue reading
The Trop and the truth; Crock of Vegas
Black Hawk Down author Mark Bowden has penned a gripping account of how veteran racetrack executive Don Johnson (no, not that one) cleaned the clocks of the Tropicana Atlantic City, Borgata and Caesars Palace Atlantic City, to the tune of … Continue reading
Singapore: Many called, two chosen; Tunica catches a break
VIP junket operators are coming to Singapore, J.P. Morgan stock analysts reported. Actually, they’re already there in the form of “shadow junkets,” according to Singaporean media. And if Las Vegas Sands or Genting Berhad are knowingly dealing with illegal junketeers, … Continue reading
Investor Week: The slot makers speak; More Ohio expansion
Themes! Themes! Themes! That was the promise made by WMS Industries, which plans to introduce no fewer than 55 of them between now and year’s end. I’d thought we were past the era in which slot manufacturers indiscriminately licensed every … Continue reading
Posted in Atlantic City, Bally Technologies, Cordish Co., Current, Economy, Election, Entertainment, Harrah's, IGT, Illinois, International, Internet gambling, Macau, Maryland, Ohio, Penn National, Racinos, Regulation, Sheldon Adelson, Shuffle Master, Slot routes, Technology, Wall Street, WMS Industries
1 Comment
Ides of March: Caesars, MGM, Wynn court Wall Street
Evidently J.P. Morgan‘s Gaming, Lodging & Leisure Management Access Forum, being held this week at Wynncore, isn’t sufficiently important to merit the attendance of Big Gaming’s CEOs. If Steve Wynn couldn’t make the stroll from his office to Encore’s meeting … Continue reading
Posted in Ameristar, Atlantic City, Boyd Gaming, CityCenter, Current, Detroit, Economy, Encore, Entertainment, Harrah's, Illinois, Internet gambling, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Neil Bluhm, Ohio, Politics, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street, World Series of Poker
2 Comments
Adelson minions visit Encore: Big Gaming courts Wall Street
There will be Ice Capades in Hell before Sheldon Adelson sets foot in Encore, I should expect. However, with J.P. Morgan holding an investor conference at Wynncore, it would be poor form of Las Vegas Sands — currently the darling … Continue reading
Posted in Ameristar, Atlantic City, Boyd Gaming, Cordish Co., Current, Detroit, Economy, Harrah's, International, Internet gambling, Kansas, Louisiana, M Resort, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, The Strip, Tourism, Wall Street, West Virginia
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Dan Lee calls it quits; Who let Big Dawg’s out?
Having seen the handwriting on the wall, Dan Lee has sold his Creative Casinos of Louisiana to regional rival Ameristar Casinos for a measly $32.5 million. Bankers were having difficulty computing Lee + Lake Charles = Mojito Pointe. Financing prospects … Continue reading
R.I.P., Dennis Gomes; Casino avalanche in Michigan; Life after UIGEA
There are few real characters in the casino industry anymore. Dennis Gomes (1944-2012) was one of them. His recent death put a premature “full stop” on one of the most colorful and wide-ranging careers gaming has seen. After all, how … Continue reading
Posted in Atlantic City, Colony Capital, Dennis Gomes, Detroit, Donald Trump, Economy, Election, Harrah's, history, Illinois, International, Internet gambling, Marketing, MGM Mirage, Movies, Ohio, Penn National, Pokergeddon, Politics, Problem gambling, Regulation, The Mob, The Strip, Tribal
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Quote of the Day
“It is hard to value Caesars [Entertainment] based on traditional financial measures because it has consistently lost money since its 2008 leveraged buyout by a group led by Apollo Global Management and TPG Capital. It carries $22.5 billion of debt … Continue reading
Posted in Ameristar, Harrah's, Internet gambling, Pinnacle Entertainment, Wall Street
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Sands’ new strategy: Blame Genting; Big Gaming backs Romney
First, the good news. Las Vegas Sands is signaling that it is not going to take its ball and come home from Florida, regardless of what lobbyist Nick Iarossi said last week. However, Sands’ emissary to the Sunshine State, Andy … Continue reading
Posted in Atlantic City, Carl Icahn, Colony Capital, Current, Donald Trump, Downtown, Economy, Election, Florida, Genting, Goldman Sachs, Harrah's, International, Internet gambling, LVCVA, Politics, Sheldon Adelson, Station Casinos, Steve Wynn, Tamares Group, The Strip, Tropicana Entertainment, Wall Street
1 Comment
Bluhm, Boyd win in Illinois, everyone else loses
Well, not quite but the headline pretty much gives you January’s narrative in a nutshell. After backing out the contribution made by Neil Bluhm‘s new, category-killing Rivers Casino in Des Plaines, gambling revenue from the Land of Lincoln was a … Continue reading