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Category Archives: Macau
Draft Day is coming; Station rebounds
As you know, the next NFL draft will be continued on the Las Vegas Strip. The official plan has been released and we don’t know whether to be impressed or to laugh. In what has to be the most fey NFL … Continue reading
Posted in Atlantic City, China, Entertainment, Genting, Indiana, Japan, Macau, Movies, New Jersey, Palms, Sports, Station Casinos, The Strip, Transportation, Wall Street
1 Comment
Raiders need elbow room; Casino mega-scandal in Canada
Although the Las Vegas Raiders haven’t officially set up shop in Sin City already they’ve got a problem: parking. The team has had to pony up an additional $50 million to buy land on which fans can park, tailgate, etc. … Continue reading
Posted in Caesars Entertainment, Canada, Las Vegas Raiders, Law enforcement, Macau, MGM Resorts International, Regulation, Sports, The Mob, The Strip, Transportation
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Power play in Springfield; Packer faces impeachment
We had a gut feeling this was coming. MGM Resorts International CEO Jim Murren has given the sack to MGM Springfield President Michael Mathis, replacing him with MGM Northfield Park prexy Chris Kelly. Northfield Park hasn’t missed a step since … Continue reading
Posted in Australia, China, Connecticut, Crown Resorts, International, James Packer, Japan, Law enforcement, Lawrence Ho, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Money laundering, New Jersey, Ohio, Stanley Ho, The Crown 18, The Mob
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Mohegan Sun in, Hard Rock out; Hoosiers crave sports betting
In a shocking upset, “a source close to the matter” reports that Hard Rock International has been turned down for the Hellenikon megaresort development in Greece. That means the winning bidder is Mohegan Sun. Hard Rock was apparently faulted both … Continue reading
Big MGM payday; Halting casino extortion; Wynn scammed
Betting the farm on Japan, CEO of MGM Resorts International Jim Murren has realized his goal of selling MGM Grand and Mandalay Bay. The price was a sweet $4.6 billion it will only cost MGM $292 million a year to lease … Continue reading
Posted in Caesars Entertainment, Eldorado Resorts, Environment, Hard Rock International, Indiana, Japan, Law enforcement, Louisiana, Macau, Massachusetts, Maverick Gaming, MGM Resorts International, Ohio, Penn National, Philippines, Spectacle Entertainment, Sports betting, Taxes, The Strip, Wynn Resorts
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Grumpy old Dems; A Titan-ic sports book win
Prude of the Month has to go to Maine Gov. Janet Mills (D), who certainly looks like a cranky old battle-axe. She vetoed a bill that would have legalized sports betting in her state, sniffing, “the majority of Maine people … Continue reading
Posted in Cantor Gaming, China, DraftKings, Las Vegas Raiders, Macau, Maine, Massachusetts, MGM Resorts International, Michael Gaughan, Movies, New Hampshire, Sports, Sports betting, Vermont, Wall Street, Westgate LV
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Skins game; Major problem-gambling snafu in Britain
Two Internet powerhouses achieved the first accords for offering sports betting in Michigan. Beating The Stars Group to the punch by a day, PointsBet inked a pact with the Lac Vieux Desert Band of Lake Superior Chippewa Indians. Stars Group … Continue reading
Posted in China, DraftKings, International, Internet gambling, Macau, MGM Resorts International, Michigan, PokerStars, Problem gambling, Sports betting, Tribal
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Eyes on Atlantic City; ‘Smart chips’ a health menace?
It’s barely 2020 and already The Press of Atlantic City has identified the Boardwalk’s top five stories of the year. They are: 1) The evolving Eldorado Resorts takeover of Caesars Entertainment. Early indications are that Eldorado will try to keep … Continue reading
Posted in Atlantic City, Caesars Entertainment, Carl Icahn, Connecticut, Donald Trump, Economy, Eldorado Resorts, Environment, Foxwoods, history, Indiana, Internet gambling, Macau, Marketing, Mohegan Sun, Pennsylvania, Politics, Racinos, Regulation, Spectacle Entertainment, Sports betting, Tilman Fertitta, Transportation
2 Comments
Pacific Rim shots
A lengthy visit by President Xi Jinping may have had something to do with it but, whatever the case, December casino revenue in Macao sucked wind by Macanese standards, down 14%. High rollers were in short supply and continued protests … Continue reading
Posted in China, Economy, Internet gambling, Japan, Las Vegas Sands, Law enforcement, Macau, Politics, Sports, Sports betting, TV
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Cautious peace in Oklahoma
December 31 came and went without incident in Oklahoma, where tribal gaming compacts theoretically expired—at least if you ask Gov. Kevin Stitt (R). However, having proposed extending the existing compacts to Aug. 31, Stitt could hardly turn around and try … Continue reading
Posted in Environment, International, Internet gambling, Laughlin, Macau, Massachusetts, MGM Resorts International, Oklahoma, Regulation, Tribal, Wall Street, Wynn Resorts
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China’s credit bubble; Ocean Resort’s secret formula
China gamblers may be playing today at the expense of tomorrow. Bloomberg reports that Generation Z is borrowing heavily in high-interest debt to fuel its consumerism, a phenomenon that should be of concern in Macao. “Household debt hit levels of … Continue reading
Posted in Atlantic City, Boyd Gaming, China, Culinary Union, DraftKings, Economy, Eldorado Resorts, Internet gambling, Louisiana, Macau, Massachusetts, MGM Resorts International, New Hampshire, Ocean Resort, Oklahoma, Regulation, Scott Butera, Sexual misconduct, Sports betting, Station Casinos, Steve Wynn, Tribal, Wynn Resorts
1 Comment
Louisiana stagnant, Michigan a sports-betting go
An extra weekend day didn’t do bupkis for Louisiana, where November gaming revenues ($205 million) were flat with last year’s. The good news is that Baton Rouge, so troubled a market, was incrementally higher than in 2018. Eldorado Resorts‘ Belle … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, China, Churchill Downs, Detroit, Economy, Eldorado Resorts, GLPI, Indiana, Internet gambling, Louisiana, Macau, Michigan, Movies, New Jersey, Penn National, Pennsylvania, Sexual misconduct, Sports betting, Taxes, Tilman Fertitta, Tribal, Wall Street
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Twin River has scandal of its own; Musical chairs in Oklahoma
Twin River Casino can forget about prying the Rhode Island Lottery contract away from International Game Technology. Twin River exec Michael Barlow and a vendor have been hit with a staggering 30 counts of bribery, obtaining property under false pretenses and … Continue reading
Posted in Economy, IGT, Las Vegas Sands, Law enforcement, Macau, Oklahoma, Rhode Island, Sociedade de Jogos de Macau, Tribal, Twin River, Wall Street, Wynn Resorts
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Greed is good (Not!); Miller looks back on 2019
Most gaming CEOs are wearing hair shirts and taking vows of poverty compared to bet365 CEO Denise Coates, the new poster girl of greed. She awarded herself $422 million in compensation (no, that’s not a typo). In 2015-6 Coates scraped … Continue reading
Posted in AGA, China, Cosmopolitan, Dining, International, Macau, Massachusetts, Money laundering, Penn National, Pennsylvania, Politics, Problem gambling, Regulation, Resort fees, Sports betting, The Strip, Wynn Resorts
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Tribal gambling rampant in Oklahoma?; Penn National gets swindled
Could “casinos and smoke shops soon begin popping up on every corner of downtown Tulsa?” So wondered Indian Country Today about a Supreme Court case that could dramatically alter the complexion of tribal gaming in Oklahoma. (Serves Kevin Stitt right.) The … Continue reading
Posted in Atlantic City, Caesars Entertainment, California, Churchill Downs, Culinary Union, Eldorado Resorts, Galaxy Entertainment, Genting, Illinois, Japan, Las Vegas Raiders, Law enforcement, Macau, MGM Resorts International, Oklahoma, Pansy Ho, Penn National, Regulation, Sociedade de Jogos de Macau, Sports, Sports betting, The Rio, Tribal, World Series of Poker, Wynn Resorts
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Encore dominates Boston; President Xi visits Macao
Encore Boston Harbor continues to lap the field in Massachusetts with 60% of market share and daily revenue of $1.6 million. Encore is definitely cutting into slot business at Plainridge Park, still impressive at $305/win/slot/day—but down from $357/slot a year … Continue reading
Posted in California, China, International, Macau, Massachusetts, MGM Resorts International, Penn National, Sports betting, Tribal, Wall Street, Wisconsin, Wynn Resorts
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Pritzker in denial; Get Mobbed on New Year’s Eve
“This is the voice of delusion,” said an S&G source of Illinois Gov. J.B. Pritzker (D) and his stated optimism of getting a casino in Chicago, an idea that has drawn a cavernous yawn from the gaming industry. He tried … Continue reading
Posted in Downtown, Entertainment, Illinois, Japan, Kansas, Macau, Marijuana, New Jersey, Sports, Tamares Group, Taxes, The Mob, Transportation, Wynn Resorts
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Looking for love in Macao; Resorts World LV’s big bet
“All of the juice has been squeezed out of the orange. Macao is starting to resemble more mature competitive markets such as Las Vegas and Atlantic City.” Ouch! That was Bloomberg Intelligence contributing analyst David Bonnet, taking an exceptionally gloomy view … Continue reading
New angle on sports betting; Slot-route throw down in Missouri
Look out FanDuel and DraftKings: Here comes Tradesports. It’s a new wrinkle on U.S. sports wagering: a betting exchange. Say the New England Patriots are playing against the Kansas City Chiefs and you’ve got money on the Pats. Theoretically, you can … Continue reading
Posted in Canada, Derek Stevens, Downtown, International, Macau, Missouri, Mohegan Sun, Regulation, Slot routes, Sports betting, Technology, Wall Street, Wynn Resorts
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Around the gambling world in nine stops
Please welcome new Stiffs & Georges guest contributor Cora Lee, a travel writer whose article on Japan‘s consumer culture was linked to S&G last week. Here is her debut S&G feature. Enjoy! Some places are known for their tropical islands, … Continue reading
