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Category Archives: Pennsylvania
MGM’s big rake in Washington; Resort projects power Massachusetts
It should come as no surprise that Washington, D.C., the land of smoke-filled rooms where sleazy deals are made, should be deliver a bumper crop of players to MGM National Harbor‘s 39-table poker room. Even with a truncated month of … Continue reading
Trump: The Fix is In; Battle of Gettysburg III
Gaming executives who are buddies with Donald Trump just got a rude surprise when attorney general nominee Sen. Jeff Sessions (R) said he was “shocked” by the 2011 reinterpretation of the Wire Act, whereby Internet gaming became legal. This sets … Continue reading
Posted in Atlantic City, Donald Trump, Economy, Harrah's, history, Horseracing, Internet gambling, Maryland, Pennsylvania, Problem gambling, Sheldon Adelson, Taxes
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National Harbor boffo for MGM; Icahn keeps them guessing
In its first month, MGM National Harbor has been both good and bad for Maryland. Although the MGM Resorts International property, acclaimed by some as being Las Vegas Strip-caliber, did blockbuster numbers, the rest of the Maryland casino industry was … Continue reading
Quote of the Day
“I fear we’re seeing the evolution of a business in which the shots are being called by Vegas bean-counters instead of strong, committed local leadership that recognizes the advantages of a cooperative relationship with neighbors who share in its prosperity.” … Continue reading
Posted in Pennsylvania, Sheldon Adelson, Taxes
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MGM’s base motives; Slots: You snooze, you lose
MGM Resorts International really kicked over a hornet’s nest when it extended pay-for-parking to locals. Spokesman Gordon Absher (“The sacrificial lamb or the goat staked to the post in Jurassic Park,” in the words of Las Vegas Review-Journal columnist Steve … Continue reading
Posted in Atlantic City, Cosmopolitan, MGM Mirage, Pennsylvania, Sheldon Adelson, Taxes, The Strip, Transportation
1 Comment
Pennsylvania gets a second look; Tioga Downs debuts new casino
Funny that we should have been discussing Pennsylvania yesterday. Fitch Ratings analyst Alex Bumazhny made a field trip to Philadelphia and Bethlehem, and came away impressed by the $164 million expansion of SugarHouse. He concluded that its new features, which … Continue reading
Running the tables in Pennsylvania; MGM woos Georgia (again)
Due to Pennsylvania‘s quirky habit of releasing slot and table game revenue numbers in staggered fashion, we don’t often comment on Keystone State gambling revenues. Fortunately, the Center for Gaming Research at UNLV consolidates the information into one handy-dandy report. … Continue reading
Posted in Architecture, Aristocrat, Australia, Cosmopolitan, Economy, Eldorado Resorts, Georgia, GLPI, Greenwood Racing, Harrah's, Hooters, Isle of Capri, Macau, Maryland, MGM Mirage, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Slot routes, SLS Las Vegas, Taxes, The Strip, Tourism, Transportation
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Quote of the Day
“They don’t want to sit in front of a metal box with spinning wheels in a building the size of a warehouse.” — gaming-law expert I. Nelson Rose on millennials’ preference for mobile gambling. Pennsylvania lawmakers had the opportunity to … Continue reading
Posted in Marketing, Pennsylvania, Technology
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New stumbling block for Caesars; ‘Net betting powers New Jersey
Just when it looked like Caesars Entertainment was out of the woods in its bankruptcy reorganization the federal trustee intervened with an objection. At issue are the releases from litigation that Caesars wrested from creditors as part of the price … Continue reading
Posted in Arizona, Atlantic City, Donald Trump, Harrah's, Internet gambling, Massachusetts, Penn National, Pennsylvania, PokerStars, Regulation, Sheldon Adelson, Tribal, Tropicana Entertainment
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Atlantic City: Golden Nugget now tops; MGM’s holy rollers
There’s a new leader in Atlantic City‘s Internet-gambling arena. Not PokerStars over at Resorts Digital. They’re still in last place. No, grabbing 24.5% of market share, Golden Nugget now heads the pack. Borgata has 22%, Caesars Interactive holds 18% and … Continue reading
Posted in Atlantic City, Carl Icahn, Harrah's, Internet gambling, Massachusetts, MGM Mirage, Mohegan Sun, Neil Bluhm, Pennsylvania, PokerStars, Taxes, Tilman Fertitta, Tropicana Entertainment, Wall Street
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Trump, Adelson make a deal; Brazil moves toward casinos
Donald Trump may have sold his soul to the Las Vegas Review-Journal and cheaply at that. Pro-Trump Global Gaming Business is reporting that the mogul promised not to oppose Sheldon Adelson‘s anti-Internet gaming legislation if only the R-J would endorse … Continue reading
Posted in Dining, Donald Trump, Election, Entertainment, International, Internet gambling, Macau, Mohegan Sun, Pennsylvania, Politics, Stanley Ho, Taxes, The Strip, Tourism
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Florida: Scott loses, big time; Coup d’etat in Atlantic City
Fourteen more years. That’s how long the Seminole Tribe can have exclusive rights to blackjack in Florida, thanks to a ruling by U.S. District Judge Robert Hinkle. It’s a huge win for the Seminoles and not entirely unforeseen, given how … Continue reading
Posted in Atlantic City, Donald Trump, Economy, Election, Florida, Geoff Freeman, Georgia, Glenn Straub, Hard Rock International, Japan, Lawrence Ho, Macau, Marketing, Maryland, Melco Crown Entertainment, MGM Mirage, Pennsylvania, Racinos, Rhode Island, Seminole Tribe, Sheldon Adelson, Taxes, Tribal, Wall Street
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Paris goes dark; A Bennett returns
In the first major Strip power outage in 12 years — the last was at Bellagio in 2004 — players at Paris-Las Vegas saw the entire casino resort go dark before their very eyes. Not even the auxiliary power kicked … Continue reading
Posted in Columbia Sussex, Harrah's, Hooters, International, Lake Tahoe, Paragon Gaming, Penn National, Pennsylvania, Regulation, Taxes, The Strip, Tourism, Westgate LV
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Turnaround in Macao; Trop claims another victim
There’s finally solid ground for optimism with regard to Macao, admittedly a good market to be in even at the worst of times. October gaming revenues surged 9%. Deutsche Bank analyst Carlo Santarelli took the numbers with a couple of … Continue reading
Pennsylvania lawmakers screw the pooch; Adelson’s way or the highway
Pennsylvania communities are scrambling to reach voluntary revenue-sharing accords with the casinos they host after the Legislature left the issue in limbo. Rather than address the host-community fee on its own, the House of Representatives tacked on approval of Internet … Continue reading
Posted in Architecture, Environment, GLPI, Golden Gaming, Greenwood Racing, Harrah's, Internet gambling, Maryland, Massachusetts, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Slot routes, Steve Wynn, Taxes, Technology
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Adelson in trouble again; Trop buoys Penn National numbers
Las Vegas Sands is under the regulatory magnifying glass again. It’s been alleged that the company tried to make an end run around anti-money-laundering laws by permitting Chinese whales to use front men to place bets on their behalf. Lawyers … Continue reading
Posted in California, Dining, Downtown, Entertainment, Harrah's, International, Internet gambling, Law enforcement, Marketing, Mississippi, Penn National, Pennsylvania, Regulation, Sheldon Adelson, Sports, Taxes, Technology, The Strip, Tribal, Wall Street
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Hollywood Jamul opens; Hutchinson opposes Arkansas casinos
While the eyes of the industry were focused on the closing of Trump Taj Mahal, there was another long-awaited event on Monday: the opening of Hollywood Casino Jamul, near San Diego. Combine in-progress road construction with a new casino and … Continue reading
Trump Taj Mahal: End of an era; Wynn joins Atlanta pursuit
“It’s like saying goodbye to an old friend for the final time. I worked here and lived here, it was my whole life and now it’s closing. It’s all been taken away. My whole body is shaking.” So said longtime Trump … Continue reading
Pittsburgh pleads with Rivers Casino; Strong numbers from Maryland, Illinois
Pittsburgh is essentially saying “Pretty please” to Rush Street Gaming‘s Rivers Casino, begging the latter to keep voluntarily paying $10 million a year to the city, even though Rush Street is no longer under any legal obligation to do so. Pittsburgh Finance … Continue reading
Posted in Boyd Gaming, Cordish Co., Cosmopolitan, GLPI, Golden Gaming, Harrah's, Illinois, Iowa, Maryland, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Racinos, Taxes, Technology, The Strip
6 Comments
National Harbor opening looms; Murren’s march through Georgia
Lucky Dragon Casino had better enjoy its 15 minutes of fame while they last because all eyes will turn to the East Coast on Dec. 8, when MGM Resorts International opens MGM National Harbor. CEO Jim Murren is already predicting … Continue reading
Posted in Alabama, Dining, Economy, Florida, Georgia, Harrah's, Internet gambling, Maryland, MGM Mirage, New York, Pennsylvania, Politics, Taxes, Technology, Tribal
1 Comment