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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Pennsylvania
Election Day!; Mad Max; Deadpan humor in Wisconsin
Today’s a big day for casino-related votes in New York State and Massachusetts. In the former, New York City holds the key to the outcome. The Five Boroughs are expected to represent for 42% of statewide voting. Mind you, NYC wouldn’t … Continue reading
Posted in Atlantic City, Current, Economy, Election, Foxwoods, Harrah's, history, Horseracing, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, New York, Pennsylvania, Politics, Racinos, The Strip, Tourism, Tribal, Wisconsin
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Big win for Wynn; Murren in the spotlight; Lies, damned lies and Sheldon Adelson
In a disappointing but entirely predictable result, the Nevada Supreme Court ruled that Nevada law permits employers to confiscate and redistribute tips received by employees (euphemistically referred to as “tip sharing”). Now, if a I stuck a gun in your … Continue reading
Posted in Atlantic City, Boyd Gaming, Election, Florida, Harrah's, Marketing, Massachusetts, MGM Mirage, New York, Palms, Pennsylvania, Revel, Sheldon Adelson, Sports, Steve Wynn, The Mob, Tourism
3 Comments
Isle gets some love; Second chance in New York
“A great pick.” That’s what Seeking Alpha says about Isle of Capri Casinos. Like so many regional operators, it hasn’t been posting lights-out numbers lately but its 16-casino portfolio makes it a bargain play for some. “It’s hard not to … Continue reading
Posted in Election, history, Isle of Capri, Missouri, New York, Pennsylvania, Reno, Tribal, Wall Street
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The importance of being Steve Wynn; Sheldon’s fan club
“Even the Red Sox aren’t that popular in Everett,” says Steve Wynn, alluding to recent poll numbers. Heady stuff. So, while he comes down off Cloud Nine, let’s look at a pretty impressive 3Q13 — if not as boffo as … Continue reading
Quote of the Day
“[B]asically these states are asking us to come and spend billions of dollars. Now if we were any other business, they would stand on their head and spit wooden nickels to get billions of dollars invested from any other business. … Continue reading
Posted in Massachusetts, Pennsylvania, Regulation, Steve Wynn
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Sheldon hits paydirt; Culinary Union talks trash
It’s good to be Sheldon Adelson, especially when your company is notching one record-setting month after another. Revenue for 3Q13 rose 32% and net profit shot 79% upwards. Next year, shareholders can look forward to a 60 cent bump in … Continue reading
Posted in Cosmopolitan, Cretins, Culinary Union, Dan Gilbert, Detroit, Harrah's, Macau, Ohio, Pennsylvania, Sheldon Adelson, Singapore, Station Casinos, Wall Street
3 Comments
Singin’ the blues in Pennsylvania, Louisiana
Even slight improvements in consumer spending weren’t enough to help Pennsylvania. Gross gambling revenue fell 6%. Thanks to strong table play, Sands Bethlehem was able to buck the trend, staying flat for September. By contrast, Harrah’s Philadelphia — in a … Continue reading
Posted in Dining, Greenwood Racing, Harrah's, Isle of Capri, Louisiana, Neil Bluhm, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, The Strip, Wall Street
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And the winner is … Borgata; Black eased out; Kudos to Sands
Leading the field, Borgata received New Jersey‘s first Internet-gambling license and will begin test play on Nov. 21. Congratulations to Boyd Gaming and partner bwin.party for having their ducks in a row. Understated Borgata prexy Tom Ballance, “It’s always nice … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Internet gambling, Massachusetts, Mesquite, Michael Gaughan, Pennsylvania, Sheldon Adelson, Tribal
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Learning to love the Boardwalk again
In a surprising — but not unwelcome — turn of events two Philadelphia casino investors are looking at getting into Atlantic City. It’s amazing the effect legalized Internet betting can have. Business partners George Miller and Kevin Flynn own 0.5% … Continue reading
New York: Lies, damned lies and ballot language
Seemingly bereft of urgency, the scrum over gambling expansion in New York State has yet to become a real fight. The Empire State’s Catholic bishops, while deeming gambling “a morally neutral act,” urged parishioners to “very carefully consider” the consequences … Continue reading
Posted in Atlantic City, Election, New York, Pennsylvania, Politics, Problem gambling
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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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Wall Street comes to the Strip, meets the big boys
Investment firms like J.P. Morgan and Deutsche Bank have been sending emissaries to Las Vegas this week, to meet with all the major gaming firms during Global Gaming Expo. Since the latter is being held at Sands Expo Center, perhaps … Continue reading
Posted in Current, Economy, G2E, Isle of Capri, Japan, Macau, Marketing, Massachusetts, MGM Mirage, Missouri, Pennsylvania, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism, Wall Street
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This is a joke, right?
Joseph “Tomato King” Procacci‘s casino bid in Philadelphia is fast becoming the clown car at the circus. Every time he opens its door, a zillion putty-nosed faces come tumbling out. His newest gambit has been to announce a vast theme … Continue reading
Posted in Atlantic City, Donald Trump, Economy, Foxwoods, Mohegan Sun, Pennsylvania, Regulation, Tomato King Procacci
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Trouble in another paradise; Sheldon’s sex shoppe
Overruling Massachusetts Attorney General Martha Coakley (D), a Bay State court has issued an injunction allow signature-gatherers to keep collecting voters’ John Hancocks on a petition to repeal 2011’s casino-enabling legislation. Considering the land purchases, to say nothing of the … Continue reading
Posted in Current, Entertainment, Massachusetts, New Hampshire, Pennsylvania, Politics, Regulation, Rhode Island, Sheldon Adelson, Steve Wynn, The Strip
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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
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
Case Bets: Seneca scandal; Atlantic City brings on the girls; Still no help for Mashpee
Well, that didn’t take long. Scarcely was the ink dry on New York Gov. Andrew Cuomo‘s deal with the state’s gaming-enabled tribes than the Seneca Indian Nation stepped right into a scandal. $5 million of an $8 million development deal … Continue reading
Posted in Atlantic City, Entertainment, Foxwoods, Massachusetts, Mohegan Sun, New York, Pennsylvania, Regulation, Sports, Steve Wynn, The Strip, Tribal, Trump Entertainment Resorts
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Atlantic City: Half-full or half-empty?; Crosby tips his hand
It depends on which newspaper you read. The Press of Atlantic City took the half-full route, focusing on the profits made by eight of the city’s dozen casinos. The Associated Press pointed to the narrowing margin of aforesaid gross-operating profitability. … Continue reading
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
