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Category Archives: Massachusetts
Case Bets: Crystals, Baltimore, Mohegan Sun, Macao
Somebody’s finally found a good use for Crystals: as a museum. Daniel Liebeskind‘s design of the property would be more conducive to viewing art than to shopping and it never has trouble drawing lookie-lous. (Customers, eh, not so much.) Somebody … Continue reading
Posted in Architecture, CityCenter, Current, Entertainment, Harrah's, Macau, Maryland, Massachusetts, MGM Mirage, Sheldon Adelson, Taxes, The Strip, Tourism, Tribal
2 Comments
History in the making; Mohegan Sun: Go fly a balloon
Soon, the North Fork Rancheria Band of Mono Indians is expected to become not only California‘s 63rd gaming-enabled tribe but the first with an off-reservation casino. The medium-sized (2,000 slots, 200 hotel rooms) facility would be 36 miles off the … Continue reading
Posted in California, Cordish Co., Current, Entertainment, Massachusetts, Mesquite, Station Casinos, Tribal
Comments Off on History in the making; Mohegan Sun: Go fly a balloon
Wynn wins big; Foxwoods and Mohegans try harder
As expected, voters in Everett, Massachusetts, went to the polls, expressed their approval of Wynn Resorts‘ proposed resort — and it wasn’t even close. Opposition was obliterated, 86% to 14%. Where the burghers of tony Foxborough had turned up their … Continue reading
Wynn Everett a slam dunk?; Caesars In(ter)active
It’s looking that way. Amounts donated by Wynn Resorts and Wynn affiliates toward this weekend’s referendum: $465,000. Amount spent in opposition: $0. That’s right, nothing. Steve Wynn has also been careful not to stir up potential anti-casino ire by avoiding media … Continue reading
Posted in Current, Election, Harrah's, Internet gambling, Massachusetts, Regulation, Steve Wynn
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Ohio: A disappointment, not a flop
Editor’s note: On June 20, J.P. Morgan lowered its price-per-share target for Penn National Gaming, citing “the sluggish Ohio ramp,” along with cannibalization of business in neighboring states. On May 22, legislators in Ohio voted to limit payouts from “sweepstakes … Continue reading
Posted in Dan Gilbert, Economy, Harrah's, Internet gambling, Massachusetts, MTR Gaming, New Hampshire, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Rhode Island, Tribal, Wall Street
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Delaware casinos offered bailout; Wynn making gains in Massachusetts
State governments like casinos because they fill the capitol’s coffers with revenue. At least that’s what they’re supposed to do. But something’s gone very wrong in Delaware. Gov. Jack Markell‘s administration — having an extra $50 million on hand — … Continue reading
Posted in Harrah's, Massachusetts, Neil Bluhm, Penn National, Politics, Steve Wynn, Taxes, Tribal
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Wynn gets serious in Massachusetts; Little racino bests Caesars
Steve Wynn is engaging a multi-pronged effort to clinch the favor of voters in Everett. Of course, if the Massachusetts Gaming Commission takes time off from generating paperwork to stop and be impressed by Wynn’s campaign, so much the better. Wynn’s … Continue reading
Posted in Architecture, Current, Dan Gilbert, Harrah's, Massachusetts, Ohio, Pennsylvania, Racinos, Regulation, Steve Wynn, Taxes, Tribal
1 Comment
Don’t tell Sheldon!; East Coast misadventures
As EuroVegas appears on the verge of collapse, recent bulletins pile another indignity upon Sheldon Adelson. When Barcelona‘s BCN World wanted to add a casino, it reached 3/4 of the way around the globe to recruit … Melco Crown Entertainment … Continue reading
Wall Street visits Vegas: Wynn, Sands & MGM
Like the pig in a ham-and-egg breakfast, Deutsche Bank is committed to Las Vegas, while many of its brethren (like the chicken) merely hold an interest. However, DB’s $4 billion grubstake fortunately does not preclude analyst Carlo Santarelli from dropping … Continue reading
Posted in Cosmopolitan, Current, Economy, Entertainment, International, Macau, Marketing, Maryland, Massachusetts, Pennsylvania, Regulation, Sheldon Adelson, Steve Wynn, Wall Street
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The Caesars squeeze
While the emperor (CEO Gary Loveman) may have escaped the Ides of March this year, knots of discontented tribunes are gathering on the Forum steps, muttering darkly. A cabal of hedge funds led by Silver Point Capital is looking at … Continue reading
Posted in Current, Dan Gilbert, Economy, Internet gambling, Isle of Capri, Macau, Massachusetts, Ohio, Regulation, Station Casinos, Wall Street
1 Comment
Christie’s big bet; New Hampshire’s big blunder; Nevada’s big bully
New Jersey Gov. Chris Christie (R) is banking on $180 million in Internet casino revenue to make his budget work. That might be a little off — if by “little” you mean 80%. Online wagering could bring in a comparatively … Continue reading
Woody in Milford; Revel out of Chapter 11; Isle: Pay to play
Foxwoods Resort Casino CEO Scott “Woody” Butera didn’t close the sale with Milford voters earlier this week, but they didn’t slam the door on him either. Rather than prejudice the issue with a town-meeting vote, local sentiment favors a city-wide … Continue reading
Posted in Architecture, Atlantic City, Current, Downtown, Economy, Isle of Capri, Massachusetts, Pennsylvania, Revel, Tribal, Wall Street
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Clever Quinn; Rearranging the deck chairs; PE firms repulsed
Just when boosters of casino expansion in Illinois thought they had a done deal, Gov. Pat Quinn (D) sprung a carefully concealed snare: No pension reform, no dice. He dismissed Rep. Lou Lang‘s endless, insane casino crusade as a “shiny … Continue reading
Posted in Current, Harrah's, Illinois, Indiana, Massachusetts, Politics, Regulation, Sheldon Adelson, Singapore, The Strip, Transportation, Tribal, Wall Street
1 Comment
Penn cloning process proceeds
Penn National Gaming has filed paperwork with the SEC for an IPO that would enable you to buy into 19 Penn casinos, including flop Hollywood Perryville (shown). This Penn stalking horse would go by the incredibly generic name of Gaming … Continue reading
Posted in Architecture, Current, Harrah's, Maryland, Massachusetts, MGM Mirage, Penn National, Pennsylvania, The Strip, Wall Street
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Big setback in Toronto; Wynn rebuffed; Cuomo’s winning streak
One of gaming’s biggest new markets went out with a whimper, not a bang, when colorful Toronto Mayor Rob Ford nixed a scheduled vote on whether to put a casino in the lakeside city, hoping to extract a $97 million … Continue reading
Posted in Colorado, Current, Dan Gilbert, Detroit, Economy, Harrah's, Horseracing, International, Massachusetts, MGM Mirage, New York, Penn National, Politics, Racinos, Regulation, Steve Wynn, Taxes, Texas, Tribal
1 Comment
Mashee Wamps make their pitch; Exit Dubai World?
Although the financial backing of Genting Group would — under normal circumstances — make the Mashpee Wampanoags prohibitive favorites for a casino in southeastern Massachusetts, these are anything but normal conditions. The tribe still doesn’t have a compact with the … Continue reading
Posted in Current, Dubai, Genting, Massachusetts, MGM Mirage, Regulation, Tribal
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Big vote in Beantown?; Penn National short-sheets Maryland
That’s what it could come to in Boston, if mayoral candidate — and current Suffolk County D.A. — Daniel Conley gets his wish. Rather than simply letting East Boston vote up or down on Caesars Entertainment‘s proposed conversion of Suffolk … Continue reading
Equivocal anniversary for Ohio; In Massachusetts, progress for MGM and Wynn
So, as Ohio marks the first full year of casino play, is the glass half-full or half-empty. Currently, much is being made of Horseshoe Cleveland having brought in less than half of greatly over-ambitious expectations (and 12% less than what … Continue reading
Posted in Architecture, Current, Dan Gilbert, Dining, Economy, Entertainment, Harrah's, Massachusetts, MGM Mirage, Ohio, Penn National, Politics, Racinos, Regulation, Steve Wynn, Taxes, Tourism
3 Comments
Retrenchment at Caesars; New brooms at Revel
It was one of the stupefying follies of the Caesars Entertainment LBO that CEO Gary Loveman believed the company could take on $30 billion in debt and continue to expand. Even as he tries to reshuffle old assets into new … Continue reading
Posted in Ameristar, Atlantic City, Current, Economy, Florida, Harrah's, Iowa, Marketing, Maryland, Massachusetts, Mississippi, Ohio, Revel, Tourism, Warner Gaming
1 Comment
Gaming suffers rare defeat; Big rush in Springfield
It’s a longstanding tradition in Iowa that voters, once they’ve voted to approve a casino in their county, never have second thoughts. Selling non-gaming counties on new casinos, however, is a different story. Take Norwalk County, for instance, where a … Continue reading
Posted in Architecture, Cordish Co., Current, Election, Iowa, Massachusetts, MGM Mirage, New Hampshire, Politics, Tribal, Warner Gaming
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