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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Law enforcement
Midwest torpor; Freeman says goodbye
A wave of prosperity among Midwest casinos has hit the wall, at least for the near term. Indiana and Missouri joined Illinois, Ohio and Iowa in reporting flat year/year gaming revenues for May. In Indiana, gamblers were losing 15.5% more … Continue reading
Posted in Ameristar, Boyd Gaming, Brazil, Centaur Gaming, Eldorado Resorts, Full House Resorts, Geoff Freeman, Harrah's, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Law enforcement, Macau, Majestic Star, Melco Resorts & Entertainment, Missouri, Ohio, Penn National, Pinnacle Entertainment, Sheldon Adelson, Tribal, Tropicana Entertainment
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Churchill Downs hearts casinos; Cleveland still not rocking
Churchill Downs is going all-in on sports betting, planning to leverage its (soon-to-be) access to the Pennsylvania and Mississippi markets, plus its relationship with the Golden Nugget in Atlantic City. However, the sky-high tax rate (34%) in Pennsylvania may translate … Continue reading
Posted in Atlantic City, Churchill Downs, Dan Gilbert, Eldorado Resorts, GLPI, Hard Rock International, International, Kentucky, Law enforcement, Macau, MGM Mirage, Mississippi, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sociedade de Jogos de Macau, Sports, Taxes, Wall Street
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Sports betting: Winners and losers; MGM mulls more Strip buys
According to gaming-law expert I. Nelson Rose, the Supreme Court‘s ruling on sports betting goes far, far beyond gambling: “For the first time in American history, the U.S. Supreme Court expressly held that the federal government cannot order states, or … Continue reading
Strike deadline passes; Delaware first to take sports bets
As of last midnight, 34 Las Vegas casinos are operating without a Culinary Union contract. Negotiations are evidently going well enough for the strike deadline to pass without any picketing. However, just to show that it means business, the Culinary … Continue reading
Sports betting: A new era
Yesterday, the Supreme Court handed down its much anticipated ruling in Murphy v. NCAA and it was pure win for states and casinos itching to offer legalized sports betting, although there was some predictable disapproval. As Arizona Attorney General Mark … Continue reading
Posted in Arizona, Atlantic City, Boyd Gaming, Delaware, DFS, Eldorado Resorts, Election, Geoff Freeman, Harrah's, IGT, Illinois, Law enforcement, Maryland, Massachusetts, MGM Mirage, Mississippi, Nevada, New York, Penn National, Politics, Regulation, Rhode Island, Scientific Games, Sports, Texas, Tilman Fertitta, Tribal, Wall Street, West Virginia
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Park MGM to eclipse Bellagio?; Cleveland does not rock
Park MGM isn’t even open yet and Bloomberg has already drunk its bathwater. Think I’m exaggerating? A fluff piece declares that the casino-in-progress will “steal attention from MGM’s highest-end hotel, the Bellagio, as well as the most recent hotel to … Continue reading
Wynn: It’s Elaine’s company now; Caesars reverses itself
When Elaine Wynn speaks, Wynn Resorts is suddenly all ears. Last week the company’s plurality shareholder called for a largely new and diverse board of directors, in what is describes as a “first step” toward greater heterogeneousness. Presto! Who should … Continue reading
Icahn out, Eldorado in; Caesars balks at Hoosier fee
Carl Icahn was in a selling mood last weekend, cashing out of Tropicana Entertainment. The buyer was Eldorado Resorts, which paid Icahn $1.85 billion, then flipped nearly all the physical assets to Gaming & Leisure Properties for $1.2 billion. Not content … Continue reading
Posted in Ameristar, Atlantic City, Carl Icahn, Centaur Gaming, Charity, Dining, Eldorado Resorts, Florida, GLPI, Hard Rock International, Illinois, Indiana, International, Internet gambling, Iowa, Lake Tahoe, Laughlin, Law enforcement, Louisiana, Massachusetts, MGM Mirage, Mississippi, Penn National, Pennsylvania, Regulation, Seminole Tribe, Tropicana Entertainment, Wall Street
1 Comment
Bumpy month for Atlantic City; Stanley Ho has left the building
Winter has not been kind to Atlantic City, with gaming revenues down 3.5% in March ($193 million). At least Internet gaming is a bastion of strength, 17.5% more productive last month, with Golden Nugget dominating that sector with 34% market … Continue reading
Posted in Atlantic City, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Harrah's, Internet gambling, Law enforcement, Louisiana, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, Pansy Ho, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sociedade de Jogos de Macau, Stanley Ho, The Mob, Tilman Fertitta, Tropicana Entertainment
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No bailout for N.Y. casinos; Horseshoe Baltimore gets creative
There’s no question that upstate New York‘s new casinos drank their own bathwater when making their case to the state. Two of them are now squealing like stuck pigs, demanding that the Lege lower their tax rates. Never mind that … Continue reading
Posted in Alabama, Genting, Harrah's, Horseracing, Internet gambling, Law enforcement, Maryland, Neil Bluhm, New York, Politics, Regulation, Sports, Taxes
1 Comment
MGM owns Maryland; Rumble in Deadwood
MGM National Harbor continues to devour the Maryland market, hitting a record 40% market share last month, along with a best-ever $1.95 million/day in gross gaming record, for an overall gross of $60.5 million. Less pleasing for MGM execs: Slots … Continue reading
Posted in Boyd Gaming, Churchill Downs, Cordish Co., Golden Gaming, Harrah's, Internet gambling, Law enforcement, Louisiana, Maryland, MGM Mirage, Oklahoma, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Sheldon Adelson, South Dakota, Sports, Taxes, Tribal, West Virginia
2 Comments
Ruthless resort-fee robbery; Minstrel show at NY-NY
What do you do when occupancy declines? Why, raise the resort fees, of course! The odious levies went up 16% in 2016 and 11% last year, for an average of $34/night. Venetian/Palazzo recently upped its impost to $45 and other … Continue reading
Sands Bethlehem (finally) sold; Stratosphere battered
Never underestimate the power of electronic bingo. It’s the capital derived therefrom that’s enabling the Poarch Band of Creek Indians to make a $1.3 billion purchase of Sands Bethlehem. The tribe is succeeding where Tropicana Entertainment and MGM Resorts International … Continue reading
Posted in Alabama, Florida, Foxwoods, Golden Gaming, International, Japan, Law enforcement, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, The Strip, Tribal, Tropicana Entertainment, Wall Street
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Maddox: Stand by my man
Steve Wynn disgusts me so much that I want to pack it in. His latest stratagem, faced with police reports, is a time-honored [sic] one: Blame the victim. Wynn sent a spokesman out to say the mogul “has never been supplied … Continue reading
Quote of the Day
“Everyday young children are being dropped off at schools that are wide-open, soft targets for people bent on mass murder. In every community in America … they must come together to implement the very best strategy to harden our schools, including … Continue reading
Posted in Current, Law enforcement
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Nevada: A sinful state of affairs
Nevada had better look to its laurels. The Silver State has been ranked only as the third most sinful in America. That’s probably because we’re down at #30 in the “hatred and anger” category, a good place to be. We’re … Continue reading
Posted in California, Florida, Law enforcement, Maine, Mandalay Bay Massacre, Nevada, TV, Vermont
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Caesars takes the lead; Fortune Cup comes to Vegas
In the wake of yet another senseless mass shooting, Caesars Entertainment is making guest security a priority (not to imply that it wasn’t earlier). From now on, Caesars security personnel will be empowered to enter guest rooms once every 24 hours, … Continue reading
Breaking bad at the Trop; More trouble for Wynn Resorts
Business was afire — literally — at the Tropicana Atlantic City after a meth lab in one of the hotel rooms caused a blaze and led to the evacuation of four floors. This wasn’t how owner Carl Icahn wanted to make … Continue reading
Adelson: Big is more; MGM misses important deadline
Wall Street analysts expected Las Vegas Sands to post cash flow of $718 million last quarter but it blew through the ‘stop’ sign and checked in with $731 million. Even though recovering from three cracked ribs, CEO Sheldon Adelson had … Continue reading
Posted in Ameristar, Architecture, Cordish Co., Galaxy Entertainment, GLPI, Greenwood Racing, Illinois, Internet gambling, Law enforcement, Macau, Massachusetts, MGM Mirage, Missouri, Penn National, Pennsylvania, Politics, Problem gambling, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Tropicana Entertainment
1 Comment
Freeman: Hands off!; Copperfield in hot water again
Adam Silver, commissioner of the NBA, has been an early proponent of legalized sports betting. But his zeal has gone a little too far. The league proposes to help itself to an “integrity fee” of $1 out of every $100 … Continue reading
Posted in Geoff Freeman, Harrah's, Japan, Law enforcement, MGM Mirage, Sports, The Strip, Wall Street
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