Across the Pacific
In a nodal moment for Macao, mass-market gambling revenue constituted the majority of monies collected during 1Q19. This is the first time that mass-market winnings have surpassed VIP ones. VIP
baccarat revenue was down 16% while mass-market win was up 16%. VIPs left $4.6 billion behind on the felt, while mass-market players put $5.3 billion into the slots and onto the tables. This makes mass-market gambling over 51% of the Macanese total, an unprecedented event. The average player is getting a taste for baccarat, with mass-market action up 19.5%, bringing it to 39% of market share. Slot play ($460 million) was on the downturn, albeit a
“expansion” of gambling in Indiana. Doubtless he would come down on the “does” side of a state House proposal to—rather than move an existing license—
last year saw an 11.5% increase. Slot winnings were actually good ($268 million), up 4.5%, while non-baccarat table win jumped 14%. But baccarat was a triage unit, down 26% on 18.5% less wagering, making the house doubly unlucky. Strip casinos grossed $592 million overall. Downtown jumped 9% to $58 million, the Boulder Strip grossed $65 million (+2.5%), North Las Vegas grossed $24 million, up 5%, and miscellaneous Clark County jurisdictions like Mesquite and Summerlin pulled in an aggregate $97 million, an 8.5%. In other words, the picture was unquestionably healthy among locals gamblers and mostly so amidst the tourists.
workforce, as well as the upcoming racino at Empire City in Yonkers. He added that room revenue and gross gaming revenue on the Las Vegas Strip were tracking comfortably ahead of MGM’s projections. Greff predicted a better entertainment calendar for 2019 (spelled “Lady Gaga“) and continued recovery at Mandalay Bay. Speaking of entertainment, everybody 
Station Casinos is bringing two name-brand chefs to the upgraded Palms. Between high-in-the-sky 
(of course) led the list, followed by Los Angeles, Atlanta (see, we need casinos here) and San Diego. Factors propelling Las Vegas into the #5 spot included “nightlife options per capita” (#1), “music venues per capita” (#1) and, not to be gainsaid, “legality of fireworks” (#1). Vegas was #4 in restaurants and #6 when it came to “Luxury Shopping & Gourmet-Food Stores per Capita.” It scored badly (#41) on ticket affordability and an abysmal #55 for walkability. Look on the bright side, Las Vegas: Reno was #52 overall and Atlantic City didn’t even make the list.
$1.79/share. That’s $132.5 million for five casinos. CEO Dan Lee (left), in tandem with board chairman Brad Tirpak, 
choice for the HRAC job. Lupo will be well versed in the Hard Rock methodology, having come fresh from Hard Rock Tampa (which now changes horses in the midstream of a vast renovation). “I would like to thank Matt for his contribution to Hard Rock Hotel & Casino Atlantic City and appreciate his efforts leading the successful opening of this exceptional property,” said Hard Rock International COO Jon Lucas as he opened the trapdoor. The Press of Atlantic City 
affiliate that the casino would be closed indefinitely after being flooded. Fortunately, he said, all hotel guests were accommodated elsewhere. Five tournaments, including the Arizona State Poker Championship, which some players had paid $2,200 to enter, fell victim to the closure, which was expected to last at least until August 19.
the U.S. that fuse small-town charm with the allure of big-city culture. With a 375-year legacy as a major crossroads of New England, Springfield is poised to join the likes of such hidden gems with the development of MGM Springfield leading a fresh wave of rediscovery in The City of Firsts.” (In the official press release, gambling only gets two lines, compared to six for dining and seven for art.)
project. A flunky said Landing International’s lease payments were “unconscionable” and that they put the government at a disadvantage. This makes the second casino shot down by Duterte, who nixed a $500 million Melco Resorts & Entertainment project in April. Landing Int’l vowed to fight on, issuing a statement that read, in part, “Unless the lease contract is canceled or nullified on solid legal grounds by the courts, Landing has reason to believe that it is a valid leaseholder and can legally proceed with its project.” Considering that 
picketing the clinic of Station Casinos board member and veterinarian Dr. James Nave. (One might call it a knavish move.) The Culinary not only had the audacity to make its vendetta against Station personal, it actually sent out a press release with photos of the labor action. Since my sainted Grandmother McKee was a secretary to Samuel Gompers, it’s a cold day in Hell when I denounce a labor union. The devil must be reaching for his muffler even as I type this.
Muhammad Cohen thinks Macao casino owners (well, technically you can’t “own” a casino in Macao, but we digress …) 
believe 
which Morgan Stanley thinks will support at least 14% return on investment, if not better. There would be an entry fee for Japanese nationals, comparable to $56. The bank also projects $10 billion in annual gaming revenue just from megaresorts in Tokyo and Osaka. (A third resort is expected.) Tokyo might actually be last to market, due to disruption from the 2020 Olympics, “While Osaka seems to have all its stars aligned, there is no certainty around other locations,” opined Big Stan, mooting four other “interested locations,” including Nagasaki, which most of us think of in distinctly non-gaming contexts. The report did make the caveat that hitting those rosy ROI numbers (as high as 20%) was predicated on 
make up enough to match the revenue contribution from Foxwoods Resort Casino and Mohegan Sun. Despite MGM Resorts International CEO Jim Murren‘s claims, “Not a single commercial casino in the United States currently generates that level of gross gaming revenue,” Barrow states. At a steep 25% tax rate, the best MGM could do for the state would be $180 million, a far cry from the $271 million that Foxwoods and Mohegan Sun shared with the state last year. Also, Barrow notes, competition from Connecticut has sprung up on all sides — Massachusetts, Rhode Island, New York State — with more on the way.
when he stepped down. He could have a lot of legal fees and, of course, there always is the chance that Steve Wynn could buy or build another casino, which most likely would be outside the U.S. if he were to do it.” Hmmmm. Could Wynn ‘go rogue’ in Macao or Japan? (He’s permanently barred from the Philippines.) In the former instance, a seventh concession would have to be issued. In the latter, it’s still anyone’s ballgame, although a corruption scandal involving the wife of Prime Minister Shinzo Abe — and the unpopularity of casinos among the electorate — casts a shadow on their chances there.
Times, “its backers say that, while the Pentagon ended funding for the effort at that time, the program remains in existence. For the past five years, they say, officials with the program have continued to investigate episodes brought to them by service members, while also carrying out their other Defense Department duties.” If this sounds like something that would be dreamt up by Vegas tycoon and paranormal enthusiast Robert Bigelow your surmise would be precisely on target.