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Category Archives: Politics
A change of heart on loco weed; Miller briefs Congress
In a development certain to make Nevada resort owners grind their teeth in envy, cannabis is predicted to be this year’s wellness trend. As you know, Nevada gaming regulators have hung a “Do Not Enter” sign on the recreational-marijuana industry … Continue reading
Bluhm’s big push; Gary dissed; Oscar betting debuts
Neil Bluhm isn’t waiting like some blushing wallflower for the Massachusetts Gaming Commission to approve him for a casino in Brockton. He’s spent $430,000 on Beacon Hill to make his $700 million casino project in reality. To put that in … Continue reading
Posted in Ameristar, Architecture, Caesars Entertainment, Cirque du Soleil, Economy, Entertainment, Genting, Indiana, Iowa, Law enforcement, Majestic Star, Massachusetts, Movies, Neil Bluhm, Penn National, Politics, Regulation, Rhode Island, Rush Street Gaming, Sports, Sports betting, The Strip, Tribal
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Churchill Downs pwns Caesars; Kentucky covets casinos
Cold weather helped chill Indiana casino revenues last month, down 6%. The Hoosier State’s casinos and racinos grossed $154 million. Horseshoe Southern Indiana continues to bleed business to Churchill Downs‘ Derby City, hemorrhaging 10% to $16.5 million. Full House Resorts … Continue reading
Posted in Boyd Gaming, Caesars Entertainment, Churchill Downs, DFS, e-sports, Eldorado Resorts, Full House Resorts, Indiana, Internet gambling, Kentucky, Macau, Marketing, Massachusetts, MGM Resorts International, New York, Penn National, Politics, Racinos, Sports, Sports betting, Taxes, Technology, Tilman Fertitta, Wall Street, Wynn Resorts
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Sports books take Super Bowl hit
With 75% of bettors wagering on the New England Patriots, plus a “george” 53-1 side bet for in-store credit, FanDuel got taken to the woodshed during Super Bowl LIII, losing $5 million. “All of this combined to leave New England as … Continue reading
Posted in Architecture, Arizona, Economy, Genting, Illinois, Las Vegas Sands, Marketing, New Jersey, Politics, Problem gambling, Resort fees, Singapore, Sports betting, Taxes, Texas
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New name, new push for Foxwoods/Mohegan casino; Nevada casinos robust
Tribal Winds. That’s what Mohegan Sun and Foxwoods Resort Casino are going to call their joint venture in East Windsor, Connecticut. The duo has already spent $14 million on the $300 million project. Both of the tribes involved are not … Continue reading
Posted in Connecticut, Economy, Foxwoods, Macau, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, Politics, Sports betting, The Strip, Tourism, Tribal, Wendover
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Next stop: Virginia; Lady Gaga erupts
Lawmakers in Virginia have voted a “mashup casino bill” out of committee, sending it along to the Senate Finance Committee for further scrutiny. The legislation would authorize five casinos in Bristol, Danville, Portsmouth, Richmond and Norfolk respectively and juices the Pamunkey … Continue reading
Posted in Entertainment, Las Vegas Sands, Maryland, MGM Resorts International, Politics, Taxes, The Strip, Tribal, Vietnam, Virginia
1 Comment
AFL goes to A.C.; Majestic Star coming ashore?
In keeping with the new and hard-won sense of prosperity in Atlantic City, the Casino Reinvestment Development Authority hopes to bring arena football to the Boardwalk, specifically to Jim Whelan Boardwalk Hall. The early talk is a of three-year public/private partnership … Continue reading
Posted in Atlantic City, DFS, Economy, history, Indiana, Law enforcement, Macau, Majestic Star, Politics, Sports, Sports betting, Taxes
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Massachusetts mulls sports betting
Massachusetts is expected to be one of the prime movers on the sports-betting front and, to that end, three bills have been filed in the Lege, no doubt much to the interest of homeboys DraftKings, the New England Patriots and … Continue reading
Posted in Dining, IGT, Macau, Marketing, Massachusetts, Melco Resorts & Entertainment, Mississippi, Penn National, Politics, South Dakota, Sports, Sports betting
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Adelson sparks firestorm
When Bill Miller was appointed CEO of the American Gaming Association, we speculated that his relationship with Sheldon Adelson would be “less strained” than that of predecessor Geoff Freeman. Indeed, that already seems to be the case. It would account … Continue reading
Posted in AGA, Carl Icahn, Churchill Downs, Delaware, DFS, Eldorado Resorts, Florida, Geoff Freeman, Illinois, Internet gambling, Massachusetts, MGM Resorts International, Nevada, New Jersey, New York, Politics, Racinos, Regulation, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Tropicana Entertainment, Wall Street, William Hill, Wynn Resorts
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Oh, what a tangled web we weave …
… when we call our new casino Circa. An S&G source has done some research on the matter and found that “Circa” is trademarked to Michigan company NMH Acquisition. The Patent Office gave Circa “trademark serial number of 87960443.” NMH … Continue reading
Posted in AGA, CityCenter, Dan Lee, Derek Stevens, Downtown, International, MGM Resorts International, Politics, Regulation, Sports betting
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Wall Street says the “R” word; The wrath of Rufus Peabody
Credit Suisse analyst Cameron McKnight has uttered the word most dreaded around Las Vegas: recession. He’s even come up with some projections. “Based on our long-term Strip model, we can see a recession scenario for the Strip in which revenue … Continue reading
Posted in Atlantic City, Caesars Entertainment, Economy, Indiana, Massachusetts, MGM Resorts International, Politics, Sports, Sports betting, The Strip, Tribal, Wall Street
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Re-reversing the Wire Act: What it means
Last weekend’s flip-flop by the Justice Department‘s stance on the Federal Wire Act has spurred a fair amount of chin scratching in the gaming industry. Global Market Advisors notes the immediate implication: “The action, which at best can be described as … Continue reading
Posted in Delaware, DFS, Illinois, Nevada, New Jersey, New York, Pennsylvania, Politics, Sheldon Adelson, Taxes, Wall Street
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Quote of the Day
“I think it’s unfair because you’re taking a state entity like the lottery and trying to compare it to the free-market system of other online gaming platforms. If your problem is a concern for the lottery, you’re never going to … Continue reading
Posted in Internet gambling, Politics
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Reid rages against the dying of the light; Michigan nixes Net bets
Nevada‘s most famous gaming regulator is dying. Harry Reid has pancreatic cancer and we’d say he’s throwing verbal restraint to the winds now that he has nothing to lose — but that has always been Reid’s style. The New York … Continue reading
Posted in AGA, Caesars Entertainment, Donald Trump, Harry Reid, history, Internet gambling, Japan, Massachusetts, Politics, Regulation, Sexual misconduct, Sports, Sports betting, Tourism, Transportation, Wynn Resorts
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Dover Downer; Pilgrims rally to Wampanoags’ side
With an audible “Bah, humbug!”, Dover Downs became the first Delaware racino to operate on Christmas Day. While CEO Denis McGlynn claimed “This was not something we’ve been pushing hard for,” in his negotiations with the state, he didn’t hesitate to … Continue reading
Posted in Delaware, history, International, Massachusetts, MGM Resorts International, Politics, Racinos, Rush Street Gaming, Scientific Games, Technology, Tribal
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Christmas Case Bets
Macao is expected to set a record for visitation this, no doubt to the delight of casino executives in the enclave. If 32.5 million tourists came in 2017, they will be topped by the 35 million who came this year … Continue reading
Posted in Architecture, Baseball, Caesars Entertainment, Detroit, Economy, Hard Rock Hotel, Internet gambling, Macau, Politics, Station Casinos, Taxes, Tourism, Transportation, Tribal, Virginia, World Series of Poker
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Stabbed in the back
In a colossal act of betrayal, the NFL, Major League Baseball and the PGA Tour have turned on their new gaming ‘partners’ and betrayed them by getting into bed with Sen. Chuck Schumer (D) and his dreadful bill to push … Continue reading
Posted in Arizona, Internet gambling, Japan, Law enforcement, New Jersey, Politics, Sheldon Adelson, Sports betting, Taxes, Tourism
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Bad idea refuses to die; E-sports comes to the Boardwalk
Sens, Chuck Schumer (D) and Orrin Hatch (R), forever in search of bad ideas to espouse, it would seem, have introduced the Sports Wagering Market Integrity Act of 2018. There’s no mention of Hatch’s cockamamie notion of individual states having … Continue reading
Sports betting comes to D.C.; Free advice for Steve Wynn
In a move that is certain to chap the hindquarters of prudes like Sen. Orrin Hatch (R), the District of Columbia‘s ruling body has voted 11-2 to legitimize sports betting in our nation’s capitol. According to NBC, the legislation permits … Continue reading
Posted in AGA, California, Dining, Marketing, Mississippi, Politics, Sports betting, Steve Wynn, The Strip
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Atlantic City sparks controversy; Resort fee change at Cosmo
Faced with a 9% drop in operating profit at Atlantic City casinos, pundits are squaring off as to whether this means doom for the laggards. Analyst Tony Marino told The Press of Atlantic City that it “might be wise to … Continue reading
