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Category Archives: Massachusetts
New Jersey sticks it to Atlantic City; No payday for Suen
Life just got a little more difficult for Atlantic City. Casino owners will have to dig into their pockets in order to defeat a ballot initiative to end their monopoly on casino gambling. The referendum mustered the necessary supermajorities to … Continue reading
Posted in Architecture, Atlantic City, Election, Glenn Straub, Macau, Massachusetts, Penn National, Politics, Sheldon Adelson, Tribal
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Virginia is for lovers … of DFS
Score a “win” for daily fantasy sports, as it was legitimized in Virginia. Gov. Terry McAuliffe (D) applied his signature to the Fantasy Contests Act, which places DFS under the auspices of the state’s Department of Agriculture & Consumer Service, effective July … Continue reading
Posted in Geoff Freeman, Georgia, Indiana, Internet gambling, Iowa, Massachusetts, Nevada, Politics, Regulation, Sports
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High-stakes headbutting in Hartford; Pennsylvania grapples with slot routes
All the key players in Connecticut finally butted heads in a showdown in Hartford yesterday. In one corner, you had the casino-ineligible Schaghticoke Tribal Nation. Behind it was its patron, MGM Resorts International, which has a $950 million investment in Springfield, … Continue reading
Posted in Economy, Florida, Foxwoods, Massachusetts, MGM Mirage, Mohegan Sun, Pennsylvania, Politics, Problem gambling, Seminole Tribe, Slot routes, Taxes, Tribal
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Wynn, Sands, Penn meet the Street
JP Morgan analyst Joseph Greff has had a busy week, meeting with most of the top companies in gaming. First up was Penn National Gaming, which had little new to report on the Tropicana Las Vegas other than it was … Continue reading
Posted in Economy, GLPI, Illinois, M Resort, Macau, Marketing, Massachusetts, Mississippi, Penn National, Sheldon Adelson, Singapore, Slot routes, Steve Wynn, The Strip, Wall Street
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Rosy prospects for Boyd; Victories in Indian Country
Top Boyd Gaming executives sat down with JP Morgan analyst Joseph Greff and sketched out their program for the coming year, with includes new restaurant concepts at 12 casinos (including 20 new restaurants this year) and 167 hotel rooms at … Continue reading
Steve Wynn makes new friends; Freeman gets raked
Steve Wynn has found an unlikely ally in his fight against Somerville Mayor Joseph Curtatone: the Massachusetts environmental community. Activists joined politicians and developers at a media event headlined by Wynn Everett President Robert DeSalvio. Among the activities that have … Continue reading
Posted in Environment, Foxwoods, Geoff Freeman, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Sheldon Adelson, Steve Wynn, Tribal
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Nevada casinos wrangle with Buffett; Mashpee Wampanoag take the lead
We’ve written about the solar-panel installation atop Mandalay Bay‘s convention center and now the 20-acre array — soon to be the United States‘ largest — is making international headlines. The high priority on solar power at MGM Resorts International puts a … Continue reading
Posted in Environment, Harrah's, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Sheldon Adelson, South Korea, Steve Wynn, Technology, The Strip, Tribal, Wall Street
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Trump: The art of failure; Tribal gaming flexes its muscle
During a period (1995-2005) in which the Dow Jones Average Casino Index posted a 160% return on investment, Trump Hotels & Casinos ate dirt to the tune of a negative 89% ROI. By contrast, Boyd Gaming — unloved on Wall … Continue reading
Posted in Boyd Gaming, Dan Gilbert, Donald Trump, Economy, Marketing, Massachusetts, Neil Bluhm, New York, Ohio, Regulation, Scientific Games, Tribal, Trump Entertainment Resorts, Wall Street
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Study: Triads rampant in Macao casinos
Wow, what a shocker — not. A new study by T. Wing Lo and Sharon Ingrid Kwok of the City University of Hong Kong for the British Journal of Criminology reports that casino operators look for junket partners who have ‘dor’ or … Continue reading
Posted in Election, Law enforcement, Macau, Marketing, Massachusetts, MGM Mirage, Neil Bluhm, Regulation, Rhode Island, Stanley Ho, Steve Wynn, The Mob, Tribal
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Painful progress for Seminole compact; Casinos dead in Georgia
It will be back to the negotiating table for Florida Gov. Rick Scott (R), if a state House of Representatives version of the compact with Seminole Tribe is accepted in the state Senate. The compromise version of the compact adds slots … Continue reading
Scientific’s surprising results; Gaming advancing in Georgia
An upturn in the replacement cycle (8,990 slots shipped) helped Scientific Games post a 10% revenue increase last quarter. A mix of impairment charges, writedowns and consolidation costs led the mega-supplier to a $128 million loss for the quarter, but … Continue reading
Wynn Everett’s uncertain destiny; Buyer for F-blew?
Forget those plans you were making to visit Wynn Everett. The casino resort won’t open until 2019, maybe later. Somerville Mayor Joseph Curtatone has thrown a monkey wrench into the works with his appeal of Wynn Resorts‘ waterside-construction permit. In … Continue reading
Posted in Carl Icahn, Environment, Fontainebleau, Macau, Massachusetts, Sheldon Adelson, South Korea, Steve Wynn, The Strip
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End of Caesars bankruptcy in sight?; Seminole compact upsized
One year and millions of pages of documents later, we’re nearing resolution in Richard Davis‘ investigation of the Caesars Entertainment bankruptcy. His report on the company’s attempted restructuring is due at year’s end. At its heart will be several controversial … Continue reading
Posted in Florida, Harrah's, Horseracing, Massachusetts, Penn National, Politics, Problem gambling, Regulation, Seminole Tribe, Sports, Steve Wynn, Technology
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Plainridge bounces back; Unhappy new year in Louisiana
Penn National Gaming has been rather defensive — and understandably so — about the performance of Plainridge Park, which has seen business steadily decline from month to month. However, Penn reversed the slippage last month, increasing revenues 11%. Penn spent … Continue reading
Posted in Boyd Gaming, Churchill Downs, Harrah's, Louisiana, Marketing, Massachusetts, Penn National, Pinnacle Entertainment, Racinos, Tilman Fertitta
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Taunted in Taunton; Sands’ Chinese generosity
It was bound to happen and finally did: An activist group in Taunton has filed suit to stop the Mashpee Wampanoag tribe from building its dreamt-of casino, Project First Light. The litigants’ argument is as predictable as the filing itself. … Continue reading
Posted in Macau, Massachusetts, Neil Bluhm, Regulation, Sheldon Adelson, Tribal
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Penn: Glass nearly full
Prior to its conference call with analysts, Penn National Gaming shared some earnings guidance and hints of what is to come. Perceptions of the performance of Plainridge Park Casino have become something of a sore point with Penn execs. While … Continue reading
Posted in Arizona, Dining, Marketing, Massachusetts, Ohio, Penn National, Racinos, Steve Wynn, The Strip, Wall Street
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Wynn, Walsh make peace; Borgata ups the ante
In the end, it was all about the money. In return for an extra $400,000 per year for the next 15 years, plus reimbursement of $750,000 in legal fees, Boston Mayor Martin Walsh dropped his efforts to block Wynn Everett. “We fought … Continue reading
Posted in Architecture, Atlantic City, Boyd Gaming, Lucky Dragon, Massachusetts, MGM Mirage, Station Casinos, Steve Wynn, Taxes, The Strip, Wall Street
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Another card room busted; Station becomes Red Rock
Scarcely was the ink dry on the American Gaming Association‘s proclamation of improved anti-money-laundering compliance than a plea-bargaining agreement was revealed involving the Normandie Casino, a venerable Gardena, California, card room. According to the Los Angeles Times, the Normandie “failed … Continue reading
Posted in California, Economy, Geoff Freeman, Internet gambling, Law enforcement, Macau, Massachusetts, MGM Mirage, Neil Bluhm, Pennsylvania, Sheldon Adelson, Station Casinos, Tribal, Wall Street
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Big contract from Wynn; Parking debate continues
Wynn Resorts bought locally in its search for a Wynn Everett general contractor. It has let the $1 billion construction contract to Suffolk Construction, biggest in Massachusetts. By choosing a Boston company for this seven-figure deal (plus 4,000 jobs), perhaps … Continue reading