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Category Archives: Penn National
Bad day for Tomato King and Wynn
While the City of Philadelphia is officially neutral on who should get the last gambling license for the area, it’s not above giving the Pennsylvania Gaming Control Board a not-so-gentle-nudge. At a hearing led by Deputy Mayor Alan Greenberger, two … Continue reading
Posted in Architecture, Cordish Co., Cosmopolitan, International, Macau, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Tomato King Procacci, Tourism
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Massachusetts: Victory in Leominster; Mazer makes waves
Cordish Gaming crushed the opposition in Leominster yesterday, winning approval for a slot parlor with 61% of the vote. The campaign was notable for the personal participation of David Cordish, who went door-to-door to drum up support. The whippet-thin senior … Continue reading
Penn, Boyd take the hot seat
Continuing its series of “fireside chats,” Deutsche Bank‘s Carlo Santarelli met with Penn National Gaming executives. They reported that high-end play was pretty much normal but that small-fry players (who represent a quarter of their database) are wagering less these … Continue reading
Posted in Atlantic City, Boyd Gaming, Downtown, Internet gambling, Missouri, Ohio, Penn National, Wall Street
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(Almost) Everybody wins in Louisiana
First the good news: Louisiana was up 14% last month. Now the less-good news: Take away the two new riverboats and the market was up 1%. L’Auberge Baton Rouge and Margaritaville, in Shreveport, were getting the job done, in essence, … Continue reading
Posted in Boyd Gaming, Economy, Louisiana, Penn National, Pinnacle Entertainment, Wall Street
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Massachusetts: One win, one loss, one surrender
In a real shocker, residents of West Springfield rejected Hard Rock International — and $18 million a year. Local media obligingly regurgitated over and over again Hard Rock-sourced poll numbers that showed the casino eking out a narrow win. When … Continue reading
Posted in Current, Hard Rock International, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Regulation
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Upturn in Illinois, blindsided in Indiana
Could we finally be seeing “green shoots” in Illinois, up 5% last month? Maybe, although such recovery as there was consisted of the force that is Rivers Casino, up 36%. Penn National Gaming‘s three casinos posted a feeble $29 million, … Continue reading
Posted in Current, Economy, Harrah's, Illinois, Indiana, MGM Mirage, Neil Bluhm, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Slot routes, Wall Street
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Lady Unlucky; Struggling in Ohio; Big deal at MTR
Isle of Capri Casinos appears to have laid an egg with Lady Luck Casino at Nemacolin Woodlands Resort and is now having to lay off 15% of the workforce. Much of the blame properly goes with the State of Pennsylvania‘s … Continue reading
Posted in Economy, Harrah's, Isle of Capri, MTR Gaming, Ohio, Penn National, Pennsylvania, Racinos, Regulation
1 Comment
Boston capitulates, Wynn wins (for now)
It was eyeball-to-eyeball and Boston Mayor Thomas Menino just blinked. Threatened with the termination of Steve Wynn‘s Everett project were Boston to be deemed a host community, Menino’s administration folded like a pup tent. “Based on the new information provided … Continue reading
Posted in Current, Harrah's, Massachusetts, Penn National, Racinos, Regulation, Steve Wynn
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Beantown Brawl: Wynn vs. Menino
It wasn’t exactly a Profile in Courage day for the Massachusetts Gaming Commission yesterday. It told the cities of Everett and Boston to work out their feud over a proposed Steve Wynn casino between themselves. Now what do you think … Continue reading
Massachusetts: Carlino’s Way
Penn National Gaming‘s bid to get into Massachusetts is taking a turn for the bizarre. In a surrealistic proposal, it has taken out an option to buy on Plainridge Race Course. But … the option is condition on Penn being … Continue reading
Posted in Harrah's, Massachusetts, Mohegan Sun, Penn National, Racinos, Regulation
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How much sin in Sin City is too much?; Woe and Ho
Wearing a strap-on dildo seems to be the outer limit of decency in Las Vegas. Any casino that hosts a nightclub is playing with fire to some extent but Las Vegas Sands well and truly burned its fingers with The … Continue reading
Posted in Current, Harrah's, International, Macau, Ohio, Penn National, Planet Hollywood, Regulation, Sheldon Adelson, Stanley Ho, The Strip
2 Comments
Wynn hearts Atlantic City; A pointless election
Update: Penn National Gaming has been tipped as a potential buyer for disqualified Plainridge Racecourse. The city has already scheduled a Sept. 10 vote on a slot parlor, so Penn would have less than three weeks to negotiate the essential … Continue reading
Penn loses yet again; Weirdest story of the year
In a stunning setback, voters in Tewksbury, Massachusetts, have decided they don’t want any part of a Penn National Gaming slot parlor. By a very wide margin, they nixed the project, thereby reducing the field of competitors to three: Raynham … Continue reading
Posted in Animals, Current, Election, Foxwoods, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Movies, Penn National, Politics
1 Comment
Boston briefs: Caesars gets the vote out, etc.
In the face of iffy local support for its Suffolk Downs project, Caesars Entertainment has surrogates going door to door in East Boston, selling voters on the proposal’s virtues. Given the Latino majority among Easties, that’s where Caesars is targeting … Continue reading
This land is their land; Tight money in Pennsylvania
Tribal casinos aren’t just for reservations anymore and it’s becoming a coast-to-coast phenomenon. California legislators already approved one off-reservation casino, to be managed by Station Casinos. The Enterprise Rancheria of the Estom Yumeka Maidu would like to be second. They … Continue reading
Coming soon to a Sioux City near you
Don’t scoff: This is serious excitement by Iowa standards, enough to justify relocating the Milwaukee Wiener Shop. Virtually the only unhappy camper is Penn National Gaming, which had its Sioux City license taken away. Contractor Conlon Construction must be no … Continue reading
Posted in Architecture, Current, Hard Rock International, Iowa, Penn National
1 Comment
Revel’s mixed reviews; All systems ‘go’ in Massachusetts
That controversial “You Can’t Lose” promotion being fielded by Revel Resort is a hit with players even as it’s been panned by pundits. “Whoa, Smarty Jones. Not so fast,” cracked one.) The complexity of the deal is even being credited … Continue reading
Massachusetts: Small problem for Wynn, big trouble for MGM, Plainridge
Boston still has 10 weeks to reach terms with Suffolk Downs on a billion-dollar racino. That may explain Caesars Entertainment‘s apparent lack of urgency in reaching a host-community agreement. Beantown Mayor Thomas Menino‘s administration seems to be expending considerably more … Continue reading
Posted in Atlantic City, California, Cordish Co., Current, Harrah's, Marketing, Maryland, Massachusetts, Neil Bluhm, Penn National, Pennsylvania, Politics, Racinos, Regulation, Steve Wynn, Tomato King Procacci, Tribal
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Massachusetts: First one bites the dust
Turns out the Massachusetts Gaming Commission was damn serious about financial probity being grounds for disqualification. In a ruling on Plainridge Racecourse, it deemed that owner Ourway Realty displayed “a culture of fear and concealment pervasive in the operations,” including former … Continue reading
Posted in Architecture, Colorado, Cordish Co., Current, Environment, M Resort, Massachusetts, Neil Bluhm, Penn National, Phil Ruffin, Regulation
2 Comments