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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
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Category Archives: Politics
MGM owns Maryland; Rumble in Deadwood
MGM National Harbor continues to devour the Maryland market, hitting a record 40% market share last month, along with a best-ever $1.95 million/day in gross gaming record, for an overall gross of $60.5 million. Less pleasing for MGM execs: Slots … Continue reading
Posted in Boyd Gaming, Churchill Downs, Cordish Co., Golden Gaming, Harrah's, Internet gambling, Law enforcement, Louisiana, Maryland, MGM Mirage, Oklahoma, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Sheldon Adelson, South Dakota, Sports, Taxes, Tribal, West Virginia
2 Comments
Florida dithers; MGM catches a wave
Having once more proven itself constitutionally incapable (pun intended) of passing gaming legislation during the normal course of doing business, the Florida Lege is now talking ‘special session,’ which seems like what it would take to get anything done, if … Continue reading
Posted in Atlantic City, DFS, Economy, Florida, Internet gambling, Japan, Macau, Massachusetts, MGM Mirage, Mississippi, Politics, Racinos, Regulation, Seminole Tribe, Sexual misconduct, Sports, Steve Wynn
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Harrah’s wins in Big Easy; Could Wynn Resorts beat Boston rap?
Harrah’s New Orleans is a step away from a major makeover, now that the Louisiana House of Representatives cast a veto-proof vote in favor of a 30-year license extension, a new hotel tower and an expansion of the hotel-casino’s amenities. … Continue reading
Posted in Arkansas, Cretins, DFS, Dining, Elaine Wynn, Election, Harrah's, Horseracing, Internet gambling, Louisiana, Maine, Massachusetts, Penn National, Politics, Regulation, Sexual misconduct, Sports, Steve Wynn, Taxes, Wall Street, Wynn Resorts
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Quo vadis, Steve?; Dan Gilbert’s new twist
Gaming Industry Daily Report Editor Alan Woinski has some interesting speculations about Steve Wynn‘s future and his big stock cash-out. “He will need the money considering he never received a golden parachute when he stepped down. He could have a lot … Continue reading
Feds scrutinize Pinnacle sale; Diamond Jacks gets prominent supporter
As the big continue to get bigger, Penn National Gaming is two steps closer to becoming a 20-state, 41-casino mammoth. West Virginia and Pennsylvania‘s regulatory bodies have signed off on its absorption of Pinnacle Entertainment. Penn, however, is not counting … Continue reading
Betrayal
Mohegan Sun and Foxwoods Resort Casino need to watch their backs. A bill to reopen the state’s casino-award process has made it to the floor of the Connecticut House. The word of the state, it seems, is not worth the … Continue reading
Posted in Derek Stevens, Downtown, Entertainment, Foxwoods, Harrah's, history, MGM Mirage, Mohegan Sun, Politics, Sports, The Strip, Tilman Fertitta
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Steve, Elaine kiss, make up; Sooner State tribes to get tables
So Steve Wynn‘s downfall wasn’t the product of a massive, Elaine Wynn-led, female conspiracy after all? The mogul and his ex-wife have agreed to terms on their Wynn Resorts stock holdings. They have consented not to contest stock sales by … Continue reading
Posted in International, Massachusetts, Oklahoma, Politics, Regulation, Sports, Steven Witkoff, Tribal, West Virginia, Wynn Resorts
1 Comment
Pennsylvania casino draws no bids; Louisiana: Raise the levies!
What if they gave a casino and nobody came? That’s literally what took place in Pennsylvania where the fifth mini-casino license received no bids. Nada. Nix. Bupkes. From this point forward, Valley Forge Casino and Lady Luck Nemacolin will be … Continue reading
Posted in Boyd Gaming, Churchill Downs, DFS, Greenwood Racing, Internet gambling, Iowa, Louisiana, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Problem gambling, Racinos, Sheldon Adelson, Taxes, Tribal
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Sands Bethlehem becomes Wind Creek; Brazil nixes casinos
Sands Bethlehem‘s buyers are letting no grass grow beneath their feet. The Poarch Bank of Creek Indians will rename the megaresort Wind Creek Bethlehem. It remains to be seen whether they’ll have to deal with unionizing the work force: So … Continue reading
Posted in Entertainment, Harrah's, International, Japan, Kazuo Okada, Pennsylvania, Politics, Sheldon Adelson, Station Casinos, Tribal, Wall Street, Wynn Resorts
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Sands Bethlehem (finally) sold; Stratosphere battered
Never underestimate the power of electronic bingo. It’s the capital derived therefrom that’s enabling the Poarch Band of Creek Indians to make a $1.3 billion purchase of Sands Bethlehem. The tribe is succeeding where Tropicana Entertainment and MGM Resorts International … Continue reading
Posted in Alabama, Florida, Foxwoods, Golden Gaming, International, Japan, Law enforcement, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, The Strip, Tribal, Tropicana Entertainment, Wall Street
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Paradise lost; MGM contemplates CityCenter buyout
Steve Wynn‘s executive chair isn’t even cold yet and already Wynn Resorts is shifting its priorities, evidently. Yesterday Deutsche Bank analyst Carlo Santarelli wrote that he believes the company “is likely to complete its convention space at Paradise Park and … Continue reading
Posted in Architecture, Churchill Downs, CityCenter, Dubai, Florida, Illinois, Japan, Kazuo Okada, Macau, Massachusetts, MGM Mirage, Pennsylvania, Politics, Steve Wynn, The Strip, Wall Street, Wynn Resorts
1 Comment
Ground broken for Connecticut casino; Big Brother is watching you in Japan
In a damn-the-torpedoes move, Foxwoods Resort Casino and Mohegan Sun leaders moved forward with demolition of the cineplex that will give way to a satellite casino in East Windsor. Although only 100 people showed up for the event, spirits were … Continue reading
MGM Cotai plays to mixed reviews; Puzzling Pennsylvania strategies
“Vital in terms of the process of concession renewal,” is how MGM China CEO Grant Bowie described new, $3.4 billion MGM Cotai. The megaresort opened a year behind schedule but MGM undoubtedly hopes Macao authorities overlook that an focus instead … Continue reading
Posted in e-sports, Entertainment, Foxwoods, Greenwood Racing, Internet gambling, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Pennsylvania, Politics, Regulation, Sheldon Adelson, Sociedade de Jogos de Macau, Taxes, Wall Street, Wynn Resorts
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Strip weak, locals strong, Reno supercharged; Stanley Ho’s empire crumbles
January got the Las Vegas Strip off to a less-than auspicious start, with revenues dropping 9% from 2017. Locals casinos, meanwhile, were living it up, as revenue rose 8%, thanks in part to New Year’s Eve weekend slot drop being … Continue reading
Posted in Arkansas, Boulder Strip, Colony Capital, Columbia Sussex, Downtown, Economy, Election, Foxwoods, Galaxy Entertainment, Harrah's, Lake Tahoe, Laughlin, Lucky Dragon, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Nevada, North Las Vegas, Pennsylvania, Politics, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Steve Wynn, The Strip, Wall Street, Wynn Resorts
2 Comments
Hard Rock makes sweeping pledge; Wynn dodges a bullet
Having expanded the old Trump Taj Mahal concert venue by over 25%, Hard Rock International is promising the Boardwalk “more live music than Atlantic City has ever seen.” We’re talking 200 live events in Year One. “When’s the first time someone has … Continue reading
Greed in Japan; IGT embraces diversity
“Japan Junks it Up.” That was Global Gaming Business‘ teaser for an article on investment-killing measures that have a strong chance of making it into the Liberal Democratic Party‘s casino-implementation bill. Jim Murren might want to think twice about sinking … Continue reading
Adelson subsidizes foreign policy; Packer’s comeback
Sheldon Adelson‘s at it again. This time, in the cause of escalating Mideast tensions, he’s putting his money where his mouth is. The toupee-crowned supermogul is reported to be offering to foot the bill for at least some of a … Continue reading
Posted in Alex Meruelo, Atlantic City, Australia, Donald Trump, Glenn Straub, Greenwood Racing, Hard Rock International, International, Internet gambling, James Packer, Lucky Dragon, Macau, Melco Crown Entertainment, Ohio, Pennsylvania, Politics, Regulation, Revel, Sheldon Adelson, Sports, Steve Wynn, The Crown 18, The Strip
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Sands Parisian a hit; The price is right for DFS in Massachusetts
We never thought of Sheldon Adelson as a big online guy but the Las Vegas Sands CEO felt it imperative to let the Hong Kong Stock Exchange know that Parisian Macao had racked up over five billion social-media impressions to date. … Continue reading
Posted in DFS, Economy, Internet gambling, Macau, Massachusetts, Penn National, Politics, Sheldon Adelson, Texas, Tribal
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Louisiana stutters; MLB rigs the odds
Gambling in Louisiana was a bit off the pace last month, down 4% ($187 million). Most of that was due to a terrible Baton Rouge market, tumbling 21%, while Lake Charles (+2%) remained immune. New Orleans (-2%) and Shreveport/Bossier City … Continue reading
Florida is on the clock; Political football in New Jersey
In Florida, the clock is running fast on a court order that the state reach an agreement with the Seminole Tribe or kiss at least $250 million (possibly as much as $400 million in proposed legislation) goodbye forever. Part of … Continue reading
Posted in Atlantic City, DFS, Florida, Genting, Horseracing, Internet gambling, New York, Politics, Racinos, Seminole Tribe, Taxes
1 Comment