Category Archives: Internet gambling

Quote of the Day

“Even though Democrats still have the majority, the perception is that Republicans are in charge. And being the party of ‘no’ has worked in Republicans’ favor.” — gaming-law expert I. Nelson Rose, betting against legalization of Internet poker.

Posted in Current, Harry Reid, Internet gambling, Politics | 1 Comment

Cosmo rides the wave; Old Sixty Votes rides again

It may be $1.9 billion over budget and 2.5 years behind schedule but The Cosmopolitan appears to be hitting the market with perfect timing. That’s good news for the 5,000 employees who are furiously getting acclimated with the new megaresort. … Continue reading

Posted in CityCenter, Cosmopolitan, Current, Economy, Harrah's, Harry Reid, history, International, Internet gambling, MGM Mirage, Politics, Regulation, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tribal, Wall Street | 1 Comment

They’re just wild about Harry

An Alexandra Berzon byline in the Wall Street Journal, picked up by Politico.com (and forwarded to S&G by reader Hpark4) makes it implicitly clear why the casino industry’s Job One during the recent election cycle was to keep Sen. Harry … Continue reading

Posted in Current, Harrah's, Harry Reid, Internet gambling, Louisiana, Planet Hollywood, Politics, Reno, Steve Wynn, World Series of Poker | 1 Comment

‘Net betting: Wait til 2013 … or 2015 … or 2017 … or …

That was the consensus of a G2E panel that featured former California legislator Lloyd Levine, CNIGA Director of Government Affairs Jerome Encinas and Harrah’s Entertainment‘s top lobbyist, Jan Jones. With HR 2267 still several steps shy of passage and its … Continue reading

Posted in California, Current, Election, Florida, G2E, Harrah's, Harry Reid, International, Internet gambling, MGM Mirage, Politics, Sheldon Adelson, Taxes, The Strip, Tribal | 3 Comments

Big Gaming’s big win

When the dust settled — and did so quite quickly on Election night — GOP pollster Frank Luntz had it right and everybody else had it wrong. Instead of experiencing a fatal wound or even the electoral near-death experience of … Continue reading

Posted in Ameristar, Current, Economy, Election, Harrah's, Harry Reid, Internet gambling, MGM Mirage, Politics, Problem gambling, Regulation, Station Casinos, Steve Wynn, Wall Street | 3 Comments

Wynndia?

What do you do if you’re Steve Wynn and you blew it in Singapore? Leapfrog to feeder market India and plant the idea of ‘integrated resorts’ there, what else? Below is the feature-length (45 minutes) version of the interview, which … Continue reading

Posted in Economy, Internet gambling, Macau, Steve Wynn, Tourism, TV | Comments Off on Wynndia?

Lost horizon

Even as the window of opportunity is slamming shut, “Casino companies are finally starting to see [Internet gambling] as a possible growth engine for the industry and are hoping for congressional help,” writes Motley Fool columnist Travis Hoium. That’d be … Continue reading

Posted in Current, Economy, Election, Harrah's, Harry Reid, Internet gambling, Macau, Politics, Sheldon Adelson, Technology, The Strip | 3 Comments

Live, naked girls

Every few days brings a story pitch from some long-suffering PR professional. Today’s mail finds this plea on behalf of IAM Corp.: Since the beginning of online gaming, every other market has flocked to Live Dealer Casinos, but the US … Continue reading

Posted in Alex Yemenidjian, Atlantic City, Current, Downtown, Dubai, Economy, Election, Genting, Harrah's, International, Internet gambling, James Packer, Marketing, New York, Plaza, Politics, Tamares Group, The Strip | 2 Comments

Reid wusses out; Sucker bets, Sheldon & strippers

UIGEA repeal? Forget about it. Sen. Harry Reid (D-NV) has chickened out again. Pressed on the issue, he said he’d support the legalization of online poker but faintheartedly drew the line there. That still wasn’t good enough for some independent … Continue reading

Posted in Australia, CityCenter, Current, Dubai, Election, Entertainment, Harrah's, Harry Reid, International, Internet gambling, James Packer, Macau, Marketing, MGM Mirage, Morgans Hotel Group, Politics, Regulation, Reno, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Wall Street, World Series of Poker | 3 Comments

Suicidal in New Jersey

Atlantic City can just plain go to hell. That’s the message from several prominent — or simply loud — Democratic lawmakers who say Gov. Chris Christie‘s rescue plan for the city is spinach and to heck with it. Noisiest of … Continue reading

Posted in Atlantic City, Colony Capital, Current, Donald Trump, Economy, Entertainment, Genting, Harrah's, Horseracing, Internet gambling, Marketing, Maryland, Minnesota, New York, Pennsylvania, Politics, Racinos, Singapore, The Strip, Tourism, Tribal, Wall Street | 2 Comments

Rising Sun; At Harry’s mercy

It’s not news that Japan has been mulling casino gambling for the umpteenth time. What is news is that the Diet — or rather, the General Assembly of International Sightseeing Industry Development Diet Member Association — has gotten very serious … Continue reading

Posted in Current, Election, Harrah's, Harry Reid, International, Internet gambling, MGM Mirage, Minnesota, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tribal | 3 Comments

Atlantic City: Christie’s coup d’etat

Last week, I tried to work up a piece entitled, “Atlantic City, R.I.P.” After all, the Boardwalk had just come off a catastrophic June, impacted by table games in Delaware. Since table games were in process of sweeping Pennsylvania, from … Continue reading

Posted in Atlantic City, Colony Capital, Columbia Sussex, Current, Donald Trump, Economy, Entertainment, Harrah's, history, Horseracing, International, Internet gambling, Macau, Marketing, MGM Mirage, Midnight Jim Gibbons, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Stanley Ho, Taxes, The Mob, Tourism | 6 Comments

Quote of the Day

“Gaming industry observer William Thompson, a professor of public administration at the University of Nevada, Las Vegas, said IGT is a credible, Nevada-regulated slot machine company that would be very careful about legalities.” — Yes, the same carefulness toward legalities … Continue reading

Posted in Alabama, California, Current, IGT, Internet gambling, Technology, Tribal | Comments Off on Quote of the Day

“The CityCenter shuffle”; Atlantic City saved … for now

That’s what subcontractors are calling the maze of paperwork they’ve had to negotiate while laboring on MGM Mirage‘s $8.5 billion metaresort. When it comes to real estate and construction coverage in Las Vegas, there’s Tony Illia and then there’s everybody … Continue reading

Posted in Aristocrat, Atlantic City, CityCenter, Economy, Internet gambling, MGM Mirage, Midnight Jim Gibbons, Politics, Sports, Station Casinos, Steve Wynn, Taxes, The Strip, Tourism, Wall Street | 1 Comment

Case Bets: Macao, Maryland, Internet casinos

April was a bonny month for Macao, where overall visitation rose 13% and mainland Chinese tourism rose 17%. Now if only Peking would take its hand off the spigot known as visa quotas, we might have some honest-to-god year/year comparisons … Continue reading

Posted in Alabama, Cordish Co., IGT, Internet gambling, Kentucky, Macau, Maryland, Politics, Regulation, Sports, Taxes, Technology, The Strip, Tourism | 2 Comments

Harrah’s robbing Peter to buy Paul

When executives of Harrah’s Entertainment credit “hard-nosed” negotiating tactics for their success is reducing the company’s preposterous debt level, one suspects that threats of default and bankruptcy serve as the rhetorical equivalents of the rubber hose and brass knuckles. It’s … Continue reading

Posted in Archon Corp., Current, Economy, Entertainment, Harrah's, International, Internet gambling, Macau, Mississippi, Planet Hollywood, Politics, Regulation, Riviera, The Strip, Wall Street, World Series of Poker | Comments Off on Harrah’s robbing Peter to buy Paul

First, the good news …

Congratulations to MGM Mirage for being named, for the fourth time in five years, to DiversityInc‘s “Top 50 Companies for Diversity.” Like predecessor J. Terrence Lanni, not only does CEO Jim Murren say the right things (“As long as I … Continue reading

Posted in Current, Economy, Internet gambling, MGM Mirage, New York, Penn National, Politics, Racinos, Regulation, Sahara, Sheldon Adelson, Sports, The Strip, Wall Street | Comments Off on First, the good news …

Caveat emptor!

Casinos are a good investment — provided they’re outside the United States. That’s pretty much the bottom line, as seen through the rose-colored spectacles of blogger Martin Spring. He likes Genting Bhd and Internet-casino operator bwin Interactive Entertainment. Fine with … Continue reading

Posted in Genting, International, Internet gambling, James Packer, Lawrence Ho, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Stanley Ho, Steve Wynn, Wall Street | Comments Off on Caveat emptor!

Macao even more profitable than previously thought

If the Chinese government isn’t handing free money to casino operators in Macao, they’re getting the next best thing: free land. Due to the exceptionally slow-moving nature of Macanese governmental paperwork, casino developers have been able to build on their … Continue reading

Posted in Atlantic City, California, Horseracing, Internet gambling, Macau, Melco Crown Entertainment, Neil Bluhm, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Sheldon Adelson, Taxes | 4 Comments

Pawlenty, in real time

As you may have already read, Minnesota Gov. Tim Pawlenty (R) is coming to Venelazzo to dole out some markers to the local GOP that he could call in for a 2012 presidential run (native son John Ensign having obligingly … Continue reading

Posted in Current, Economy, Election, Internet gambling, Labor, Minnesota, Sheldon Adelson, Taxes, Tribal | 1 Comment