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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Penn National
Mississippi bogged down; How much for Revel?
Still further evidence of gaming saturation comes from the Bayou State, where revenues have declined in 21 of the last 23 months — an Atlantic City-like declivity. Last month, the last full month of operations for Harrah’s Tunica, statewide revenues … Continue reading
Posted in Atlantic City, Economy, Hard Rock International, Maryland, MTR Gaming, Ohio, Penn National, Racinos, Regulation, Revel, West Virginia
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Casinos get November surprise
In news that Deutsche Bank analyst Carlo Santarelli called a “fiasco,” the Massachusetts Supreme Judicial Court has decided to allow Bay State voters to decide whether or not to repeal the state’s casino law. Hardest-hit in a worst-case scenario would … Continue reading
Posted in Atlantic City, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Reno, Sports, Steve Wynn
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Et tu, Thrillist?; Bed-hopping in N.Y.
Poor Sam Nazarian. He’s still two months away from opening SLS Las Vegas and Thrillist has gone and jumped the gun. It’s crowned The Cromwell “already Vegas coolest hotel.” Not even an unfinished parking garage could dampen their enthusiasm, motivated … Continue reading
Posted in Churchill Downs, Cordish Co., Hard Rock International, Harrah's, Iowa, Massachusetts, MGM Mirage, Neil Bluhm, New York, Penn National, Racinos, The Strip, Tribal
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New York, worker’s paradise; Tough call in Iowa
Casino workers in New York really can be assured of good-paying jobs. According figures released by the New York Hotel & Trades Council, a starting salary of $40,000 is quite plausible. Resorts World New York employees landed a contract last … Continue reading
Posted in Economy, Genting, Iowa, New York, Penn National, Racinos, Regulation
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Atlantic City courts the LGBT dollar; Indiana casinos court anybody’s dollar
Formerly a gay getaway, Atlantic City lost its LGBT-friendly image when the casinos came in 1978, or so the history goes. “When the casinos came, people were quick to bulldoze whatever they had to sell for millions, and we lost … Continue reading
Posted in Atlantic City, Boyd Gaming, Harrah's, Illinois, Kansas, Marketing, Ohio, Penn National, Pinnacle Entertainment, Racinos, Sam Nazarian, Slot routes, Taxes, The Strip, Tribal
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Flip-floppery in Iowa; Affleck banned again?
Barring an emergency injunction, Belle of Sioux City is doomed to shut down on July 1, a federal bankruptcy judge having been deaf to Penn National Gaming‘s pleas. Penn is arguing that the Iowa Racing & Gaming Commission overstepped its authority … Continue reading
Posted in Detroit, Dining, Downtown, Economy, Harrah's, Iowa, Penn National, Regulation, Steve Wynn, Technology, Warner Gaming
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Indiana struggles, Ohio flourishes
Customers visited 8% in Indiana and spent 4% less. There were some salutary results. Pinnacle Entertainment‘s Ameristar East Chicago was up 2% and Boyd Gaming‘s Blue Chip saw revenues rise 3%. It was a big month for the racinos, with … Continue reading
Posted in Ameristar, Boyd Gaming, Dining, Harrah's, Macau, Maryland, MTR Gaming, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Scientific Games, Shuffle Master, Tropicana Entertainment, Wall Street
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Massachusetts casinos in peril
That’s the conclusion of a Suffolk University/Boston Herald poll. It shows support for casinos having fallen to 37%, while opposition has risen to 47% of those surveyed. That’s a dramatic reversal from a February poll by the Herald which showed … Continue reading
Posted in Detroit, Election, Horseracing, Illinois, Indiana, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Steve Wynn
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Toppling dominoes in New York; Secret plan in St. Louis
Just like that, the E23 casino project near Albany is toast. But David Flaum won’t be asking for his $1 million back: He and partner Global Gaming Solutions have their eyes on Rensselaer now. GGS blamed the demise of E23 … Continue reading
Posted in Cordish Co., Harrah's, Maryland, Missouri, New York, Penn National, Pinnacle Entertainment, Racinos, Tribal, Tropicana Entertainment
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May challenging for Iowa, disastrous for Illinois
At present, the Iowa Racing & Gaming Commission is mulling whether to put a casino in relatively isolated (see video) Jefferson. While they’re weighing that Wild Rose Entertainment project, here’s something else to ponder: The latest set of revenue numbers … Continue reading
Posted in Ameristar, Boyd Gaming, Current, Economy, Harrah's, Illinois, Iowa, Isle of Capri, MGM Mirage, Neil Bluhm, Penn National, Pinnacle Entertainment, Regulation, Slot routes
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Massachusetts: Pay the man; Robbing Peter to wager on Paul
If casino gambling is outlawed in a November referendum, MGM Resorts International and Wynn Resorts want their money back. After all, they’ll be out the $85 million application fee and that’s just for starters. They’d also like to be reimbursed … Continue reading
Posted in Delaware, Economy, Japan, Maryland, Massachusetts, MGM Mirage, New York, Ohio, Penn National, Pennsylvania, Regulation, Singapore, Steve Wynn
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Penn, Cordish, Foxwoods all quit
Despite having missed — by several days — the deadline for getting their $1 million application fee refunded, Penn National Gaming and Cordish Gaming want their money back from New York State. Why? Because they have belatedly decided to scrap … Continue reading
Posted in Cordish Co., Florida, Foxwoods, Massachusetts, New York, Penn National, Regulation, Tribal
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More states covet Internet lucre; Steeplechase in New York
Pennsylvania is keeping a close eye on Internet gambling in New Jersey. That much is clear from recent testimony before the House Democratic Policy Committee. “It can be regulated and controlled and … the existing technology can accurately locate players to prevent … Continue reading
Posted in Atlantic City, Cannery Casino Resorts, Churchill Downs, Harrah's, Horseracing, Internet gambling, Neil Bluhm, New York, Penn National, Pennsylvania, Sheldon Adelson, Texas, Tribal, Wisconsin
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Cosmo: Now comes the hard part
Cosmopolitan of Las Vegas CEO John Unwin is crowing in triumph over Blackstone Real Estate Partners VII‘s staggeringly lavish purchase of the megaresort over which he presides. “This marks the beginning of the next chapter for The Cosmopolitan of Las Vegas … Continue reading
Full House’s busted flush; GLPI’s big play
In further evidence of saturation in the gaming industry (if more were needed), Full House Resorts wants to be released from a commitment to buy Fitzgerald’s Casino, in Tunica. Seems that Full House can’t find banks who’ll underwrite the deal. … Continue reading
Posted in Cannery Casino Resorts, Dan Gilbert, Detroit, Harrah's, LVCVA, Marketing, MGM Mirage, Mississippi, Penn National, Racinos, Wall Street
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Happy anniversary for Adelson; Penn’s legal woes
Smashed entrance doors, overburdened and broken escalators, and 40,000 customers … it was all in a day’s work when Sands Macao opened — can it really be 10 years ago next week? Time flies when you’re Sheldon Adelson. Although Stanley … Continue reading
Posted in Iowa, Japan, Macau, Massachusetts, Neil Bluhm, Penn National, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Taxes
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MGM National Harbor: Icon or overkill? You decide
MGM Resorts International‘s National Harbor project literally hasn’t gotten off the drawing board and yet it’s already stirring controversy. The beef mainly involves five oversized LED screens, the largest of which would be 60 by 100 feet. MGM has similar … Continue reading
Adelson: I’m nice, really; Casinos go to pot
Three hundred people turned out yesterday at UNLV to hear Sheldon Adelson hold a rap session with the kids about the evils of online gambling. Adelson’s animus, it turns out, was his father’s propensity to gamble his money away at … Continue reading
Posted in Internet gambling, Japan, M Resort, Penn National, Problem gambling, Regulation, Sheldon Adelson
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Pinnacle, GLPI impress The Street; Parx beats Pennsylvania
Despite soft performance in its regional markets, Pinnacle Entertainment impressed an analyst or two by exceeding revenue expectations for the past quarter. Pinnacle’s cash flow was $3 million above Wall Street estimates, a feat attributed to fiscal discipline and improved … Continue reading
Posted in Ameristar, Greenwood Racing, Illinois, Louisiana, Marketing, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Taxes, Wall Street
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N.Y.: 22 is enough; Cussing match at Wynncore
Caesars Entertainment‘s sudden romance with New York State is getting the company some grief, although not from the usual defenders of Atlantic City. Assemblyman Ralph Caputo (D) is among those who want to put a casino at the Meadowlands and … Continue reading
Posted in Atlantic City, Cordish Co., Foxwoods, Genting, Harrah's, Mohegan Sun, Penn National, Pinnacle Entertainment, Politics, Racinos, Steve Wynn, Tribal
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