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Category Archives: Penn National
Sheldon Adelson, wuss; MGM pounces; Slipper-y logic; Enter whining
What manner of fool spends $5 million to disseminate a film that he’s never seen and whose content he claims not to endorse? Sheldon Adelson, that’s who. After his latest political favorite got clobbered in the New Hampshire primary, Adelson … Continue reading
Posted in Alex Yemenidjian, Ameristar, Cordish Co., Dan Lee, Donald Trump, Economy, Election, Harrah's, Iowa, Isle of Capri, Jack Binion, Louisiana, Massachusetts, Mississippi, Movies, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Tourism, Transportation, Tribal, Tropicana Entertainment, TV
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Adelson vacillates; Macao triumphs; Name of infamy
Showing something less than his usual decisiveness, Sheldon Adelson continues to send mixed signals with regard to his intentions in his native Massachusetts. He’s re-upped with Boston-based lobbyist firm Donoghue Barrett & Singal. However, despite years of scouting the market, … Continue reading
Posted in Colony Capital, Current, Economy, Goldman Sachs, Harrah's, Iowa, Macau, Massachusetts, Penn National, Regulation, Sheldon Adelson, The Strip, Wall Street
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Iowa’s biggest loser …
… is Texas. With the presidential aspirations of Gov. Rick Perry (R) tottering on their penultimate leg, that’s very bad news for Lone Star State lawmakers who’d like to pass casinos — or at least racinos — into law. It’s … Continue reading
Posted in California, Current, Economy, Election, Entertainment, Louisiana, MGM Mirage, Oklahoma, Penn National, Racinos, Sahara, Sports, Texas, The Strip, TV
2 Comments
Ask Virginia!
Following in the footsteps of Alex Yemenidjian and Anthony Marnell IIII, the CEO of Isle of Capri Casinos, Virginia McDowell, has agreed to take questions from S&G readers early next month. So here’s your shot: Sharpen those pencils and dream … Continue reading
Posted in Colony Capital, Current, Economy, Isle of Capri, Mississippi, Ohio, Penn National
1 Comment
Ameristar goes East; Colony’s secret formula revealed
Yesterday morning, Wall Street was advised by Ameristar Casinos that the latter had forked over $16 million for land in Springfield, Massachusetts. Given that Ameristar has been in extreme-caution mode since the death of founder Craig H. Neilsen and the … Continue reading
Rule or ruin in Illinois; A new deal in Detroit
State Rep. Lou “Death Wish” Lang (D, right) continues to dare, then double-dare Gov. Pat Quinn (D) to veto what’s now a 2.6X expansion of the number of gambling positions in the state of Illinois. Lang has offered a few … Continue reading
Posted in Boyd Gaming, CityCenter, Current, Dan Lee, Detroit, Economy, Harrah's, history, Illinois, Indiana, International, Iowa, Louisiana, MGM Mirage, Mississippi, Missouri, Neil Bluhm, Penn National, Politics, Racinos, Reno, Slot routes, The Strip, Wall Street
3 Comments
Rock, Paper, City; Generosity at Caesars, shopping at Sands
While Massachusetts lawmakers sharpen their scissors in order to cut and paste two versions of the Lege’s casino-enabling bill, the city of Holyoke is happy to find itself between Hard Rock International and Paper City Development. The partnership has its … Continue reading
Posted in Atlantic City, Current, Detroit, Economy, Election, Harrah's, Maine, Massachusetts, MGM Mirage, Penn National, Pennsylvania, Racinos, Sheldon Adelson, Sports, The Strip, Tribal
1 Comment
Going home again; Hotel Hell: The sequel
Here’s a casino-development story with several personal angles. When I lived in Minneapolis and wrote from the since-defunct Twin Cities Reader, my publisher was R.T. Rybak. Now he’s mayor of the city and is trying to hold onto the perennially … Continue reading
Posted in Ameristar, Atlantic City, Boyd Gaming, Cordish Co., Culinary Union, Current, Donald Trump, Economy, Genting, Harrah's, Herbst Gaming, Isle of Capri, Lyle Berman, Marketing, MGM Mirage, Minnesota, Neil Bluhm, Ohio, Penn National, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip, Tourism
4 Comments
Is MGM Grand Detroit too successful for its own good?
From a labor-relations standpoint, yes. Although workers at Greektown Casino were quick to ratify a new collective-bargaining agreement, closely followed by MotorCity Casino, it was a different story across town. Employees of MGM Grand Detroit decided their union reps were … Continue reading
Posted in Atlantic City, Current, Detroit, Economy, Election, MGM Mirage, New York, Penn National, Racinos, Sheldon Adelson, Sports, Tourism, Wall Street
1 Comment
Quotations from Chairman Steve; Elvis catches fire
Perhaps due to his eagerness to get Wynn Cotai jump-started, Steve Wynn has become an even more pliant sock puppet for China‘s central government than was Sheldon Adelson. It must be a source of great amusement among the ruling elite … Continue reading
Posted in Cordish Co., Current, Economy, Entertainment, Harrah's, International, Macau, Maryland, Penn National, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Taxes, TV, West Virginia
3 Comments
Mojito Pointe: Why MGM did it
Maybe they were just charmed by Dan Lee‘s babyish face (left) but leadership at MGM Resorts International can cite of plenty of other reasons for throwing in on Lee’s Mojito Pointe project … which may be rechristened with an MGM … Continue reading
What if they gave a casino and no one came?
Such been the plight of Maryland, a state that’s experienced the curious predicament of having more casino licenses than applicants. It’s much the same as Kansas, where things have gone awful quiet. Now, Kansas is like a corn-fed Macao: You … Continue reading
Posted in Cordish Co., Current, Donald Trump, Economy, G2E, Harrah's, International, Isle of Capri, Kansas, Macau, Maryland, Ohio, Penn National, Racinos, Regulation, Taxes, West Virginia
1 Comment
Big ‘boing’ in Pennsylvania; Labor strife in Detroit
Casino revenues last month in Pennsylvania must have been riding a pogo stick — up 13% from last year. That includes a 39% moonshot in table revenues. Leaders include Sands Bethlehem (22%, right), while Penn National‘s eponymous racino must be … Continue reading
Posted in Cannery Casino Resorts, Current, Detroit, Economy, Genting, Harrah's, Indiana, International, Louisiana, MGM Mirage, Neil Bluhm, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sports, Taxes
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NIMBY time in Maine
Having gotten the nod from Maine legislators, a third casino could soon be heading the state’s way. Appropriately enough, it will appear on the ballot as Question Three. Opponent Jim Handy has his shorts in a wad over the location … Continue reading
Posted in Architecture, Current, Economy, Election, Maine, Massachusetts, Penn National, Politics, Racinos
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Breakthrough in Massachusetts
This just in … the Massachusetts state Senate voted 24-14 to send casino legalization on to a conference committee, where the House’s version — passed with a crushing majority — already reposes. Differences between the two versions, obviously, will have … Continue reading
Posted in Bally Technologies, Current, Economy, Florida, Genting, Harrah's, Horseracing, IGT, Internet gambling, Movies, Penn National, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Slot routes, Sports, Steve Wynn, Taxes, Tribal, Wall Street, WMS Industries
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Caesars’ big Asian bet; Playing with yourself in Vegas
It’s amazing what you can do when you simply punt your debt burden a few years down the road. In the case of Caesars Entertainment, it means you’ve got an extra $470 million lying around to build Caesars Palace Longmu … Continue reading
Posted in Alex Yemenidjian, Architecture, Current, Election, Harrah's, International, Internet gambling, M Resort, Macau, Marketing, MGM Mirage, Movies, Penn National, Regulation, Sheldon Adelson, Tamares Group, Taxes, Technology, Warner Gaming
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The great riverboat robbery; Pusateri’s revenge; Gaming’s top 12
Increased funding for education is always the big selling point whenever gambling laws in Missouri are liberalized. This week, schools are finding out what sort of Indian givers their casino benefactors are. Schools are among the public services that stand … Continue reading
Posted in Ameristar, Bally Technologies, Boyd Gaming, Current, George Maloof, Harrah's, IGT, Isle of Capri, Macau, MGM Mirage, Missouri, Morgans Hotel Group, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tourism, Wall Street, Warner Gaming, WMS Industries
3 Comments