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Category Archives: Politics
Kansas gets down to brass tacks; Lindsey Graham, man of mystery
After years of waiting, the fate of Kansas‘ seemingly unwanted fourth casino license, long in abeyance came down to three-and-a-half hours of presentations by a trio of rival bidders. The Kansas Lottery Gaming Facilities Review Board will make its choice by … Continue reading
Posted in Internet gambling, Kansas, New York, Palms, Phil Ruffin, Politics, Regulation, Sheldon Adelson, Taxes, Tribal, World Series of Poker
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Christie vs. Sweeney; Straub out of A.C.?
A bill introduced in the New Jersey Legislature sets up a proxy fight between Gov. Chris Christie (R) and state Senate President Stephen Sweeney (D) over the timing of when Garden State voters will be called upon to decide Atlantic … Continue reading
Posted in Atlantic City, Carl Icahn, Colony Capital, Dennis Gomes, Donald Trump, Election, Glenn Straub, Internet gambling, MGM Mirage, Pennsylvania, Politics, Revel, Steve Wynn, Taxes
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Gaming on the boil in Pennsylvania, less so in Illinois, Alabama
Gaming expansion is being introduced in the Illinois Legislature again and it has a pretty familiar look: a city-owned casino (the only one) in Chicago, four casinos scattered around the state, including one in Rockford, plus a pair of smaller (600-slot) … Continue reading
Posted in Alabama, Economy, Illinois, Internet gambling, Pennsylvania, Politics, Taxes, Tribal
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Good April for Vegas; Frankie the Fish and Sister Sandra
Baccarat play on the Las Vegas Strip improved by double-digit numbers for the second month in a row, up 14% in April, contributing to an 8% upward surge on the Strip. Baccarat revenues rose 5%, while all other table games … Continue reading
Posted in Australia, Boyd Gaming, Donald Trump, Downtown, Economy, Lake Tahoe, Laughlin, Macau, Marketing, Mississippi, North Las Vegas, Philippines, Politics, Regulation, Reno, Sheldon Adelson, Station Casinos, The Strip, Vietnam
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Caesars pays some, denies others; Adelson’s blunderbuss bill
Who knew that Gary Loveman was a creditor of Caesars Entertainment? His compensation package has been identified as among those adversely affected by Caesars Entertainment Operating Co.’s bankruptcy. The Chapter 11 proceeding has impacted five deferred-compensation plans, two of which will … Continue reading
Posted in Cantor Gaming, GLPI, Harrah's, Illinois, International, Politics, Racinos, Regulation, Sheldon Adelson, Technology
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Sheldon steps in it; Tomato King to the rescue
Las Vegas Sands‘ CEO Sheldon Adelson’s pet piece of legislation, “Restoring America’s Wire Act” turns out to have a raft of unintended consequences, several of which would kneecap the casino industry. For one, it would ban mobile gambling, which is … Continue reading
Posted in International, Penn National, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Sports, Technology, Tomato King Procacci
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Massachusetts: And then there were two
Last Thursday, casino boosters from Somerset were expected to show up a Massachusetts Gaming Commission hearing and ask for yet another delay to get their act together. Instead, they surprised the MGC and the rest of us by simply pulling … Continue reading
Posted in Foxwoods, Internet gambling, Massachusetts, New York, Politics, Racinos, Regulation, Sports, Technology
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Behind the Showboat sale; Cosmo comeback
During its crusade to drive Stockton University out of the Showboat, the CEO of Trump Entertainment Resorts, Robert Griffin airily informed Stockton representatives that they should buy Trump Plaza instead — puncturing TER’s public posture that college kids should be kept … Continue reading
Posted in Atlantic City, Cosmopolitan, Economy, Glenn Straub, Harrah's, Politics, Steve Wynn, The Strip, Trump Entertainment Resorts
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Et tu, Harry?; It’s a new era in Manila
Now that Sen. Harry Reid (D) has one foot out the door on Capitol Hill, he’s turning on the casino companies — particularly Caesars Entertainment — that helped him stay in power five years ago. Just when Sen. Lindsey Graham‘s … Continue reading
Posted in Atlantic City, Delaware, Genting, Harrah's, Harry Reid, Internet gambling, Kazuo Okada, Melco Crown Entertainment, MGM Mirage, Philippines, Politics, Regulation, Sheldon Adelson, Singapore
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Pence ultimately gets it right
WDRB 41 Louisville News After months of Hamlet-worthy public agonizing, Indiana Gov. Mike Pence (R) did the right thing by doing nothing. Satisfied that it was not his never-defined “expansion” of gambling, he decided to let a casino-reform bill that … Continue reading
Posted in Economy, Indiana, Kentucky, Macau, Politics, Racinos, Regulation, Sheldon Adelson
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Carey: raptures and wreckage; Vegas’ affordability tested
Our most giddy local gossip merchant experienced multiple verbal orgasms when describing Mariah Carey‘s Caesars Palace residency show. Even the Second Coming of Jesus Christ would have a hard time living up to this nonstop gush. (Helpful hint: If Carey … Continue reading
Posted in Entertainment, Florida, Harrah's, Massachusetts, MGM Mirage, Politics, Sports, The Strip, Tourism, Transportation, Tribal
1 Comment
Why is this man smiling?; Adelson’s latest antics
Bankruptcy’s been good to Caesars Entertainment. For CEO Gary Loveman‘s final earnings call prior to yielding his title to Mark Frissora, the company gift-wrapped him a $7.6 billion profit on net revenue of $1 billion. If that sounds surrealistic, it’s due to … Continue reading
Posted in Atlantic City, Harrah's, Internet gambling, Maryland, Penn National, Pennsylvania, Politics, Regulation, Scientific Games, Sheldon Adelson, Steve Wynn, The Strip, Wall Street, West Virginia
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Chicago casino push gathers steam
It’s been a while since we’ve heard about a casino in Chicago but that doesn’t mean Mayor Rahm Emanuel (D, below) has given up. Far from it. He’s looking at a $839 million pension obligation and a $300 million budget … Continue reading
Posted in Cirque du Soleil, Economy, Entertainment, Illinois, MGM Mirage, Politics, Racinos, Slot routes, The Strip
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Murren takes sanguine view; Straub’s struggles
With MGM Resorts International having rejected one REIT proposal, in part because it relied too much on asset sales, Union Gaming is teeing up another. It’s not providing specifics but says it would provide “additional financial flexibility without the disruption of … Continue reading
Posted in Atlantic City, Boyd Gaming, Glenn Straub, Harrah's, Internet gambling, Japan, Macau, MGM Mirage, Politics, Revel, Sheldon Adelson, South Carolina, Sports, Technology, Transportation, Wall Street
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The perils of Pence; Court prods Caesars
Indiana‘s casinos are now officially at the mercy of Gov. Mike Pence (R). The Hoosier State’s General Assembly passed a compromise bill that has something for the casinos (transplanting to terra firma) and something for Pence, namely a five-year moratorium on … Continue reading
Posted in Atlantic City, Entertainment, Harrah's, Illinois, Indiana, Planet Hollywood, Politics, Racinos, Riviera, Taxes, The Strip, Tribal, Tropicana Entertainment
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MayPac: Winners and losers; Adelson, Wynn take big hits
Not a punch has been thrown yet but already we know some things about the outcome of the hype-driven Floyd “Money” Mayweather and Manny “Pac-Man” Pacquiao fight, including the fact that with guaranteed purses for both fighters, they win just … Continue reading
Posted in Economy, Macau, Massachusetts, MGM Mirage, New Hampshire, Politics, Sheldon Adelson, Sports, Steve Wynn, The Strip, Tourism
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Quote of the Day
“Nevada history is festooned with big bosses and bullies, men who lease the Legislature and occupant of the Governor’s Mansion for pet purposes. [Steve] Wynn isn’t the first, but he certainly ranks among the most prolific practitioners of the political … Continue reading
Posted in Politics, Steve Wynn
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Indian givers on Capitol Hill; Revel powers up
Arizona‘s congressional delegation is willing to gamble $1 billion of your and my dollars to keep the Tohono O’odham Nation from having a casino. At the moment, Sen. John McCain (R) and his junior henchmen are plotting to stick their … Continue reading
Posted in Arizona, Atlantic City, Glenn Straub, Internet gambling, Mohegan Sun, Politics, Revel, Sheldon Adelson, Singapore, South Korea, Tribal
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Elaine Wynn has left the building
Votes are still being audited but the bottom line from Wynn Resorts‘ board election is this: Elaine Wynn is out and the company’s two preferred candidates have been reelected. “The manner in which the existing board has handled the company’s third-largest … Continue reading
Posted in Macau, Politics, Steve Wynn, The Strip, TV, Wall Street
1 Comment
Shame on Arizona; Big plans for Gold Strike
With Gov. Doug Ducey opposed, along with a state gaming agency that refuses to OK its casino, the Tohono O’odham Nation has to decide whether to insist upon a December opening or bow to the state’s objections. Despite having lost time … Continue reading
Posted in Arizona, Massachusetts, MGM Mirage, Politics, Regulation, Rhode Island, Tribal
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