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Category Archives: Politics
Illinois: Not so fast!; Adelson pursues world domination
It really looked like the fix was in, the deal was done and existing casino operators in Illinois were about to thrown to the slaughter by legislators hungry for licensing fees. But the wheels of the grand plan are coming … Continue reading
Posted in Current, Election, Illinois, International, Macau, Neil Bluhm, Penn National, Politics, Regulation, Sheldon Adelson, Slot routes, Taxes, The Strip, Tourism, Wall Street
1 Comment
Adelson: He’s taking it with him; Nevada casinos win one, in principle
Las Vegas Sands CEO Sheldon Adelson continues to burn through company at what would — for most ordinary firms — be a frightful clip. Clark County District Judge Rob Bare tacked $31.6 million onto a $70 million jury award to … Continue reading
Posted in Current, Harry Reid, Macau, Marketing, Melco Crown Entertainment, Midnight Jim Gibbons, Politics, Regulation, Sheldon Adelson, Taxes
Comments Off on Adelson: He’s taking it with him; Nevada casinos win one, in principle
New Maryland casino a hit; Casino lobbying a flop; Next: Sands Markham?
A thousand people waiting to get into a casino on opening day would be nothing at all in Las Vegas. But at Maryland‘s penultimate casino, Rocky Gap Resort, it’s a positive omen, especially since the mini-sino has but 10 tables … Continue reading
Posted in Atlantic City, Current, International, Internet gambling, Lyle Berman, Marketing, Maryland, Politics, Regulation, Sheldon Adelson, Singapore, Sports, Tribal
Comments Off on New Maryland casino a hit; Casino lobbying a flop; Next: Sands Markham?
Quote of the Day
“Why would [casinos] put a $1 billion investment when they are going to compete against restricted licensees across the street and in the neighborhood?” — Nevada Assembly Majority Leader William Horne (D), arguing that the continued operation of 80-odd sports-betting … Continue reading
Posted in Current, Politics, Regulation, Sports, Technology
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Christie’s big bet; New Hampshire’s big blunder; Nevada’s big bully
New Jersey Gov. Chris Christie (R) is banking on $180 million in Internet casino revenue to make his budget work. That might be a little off — if by “little” you mean 80%. Online wagering could bring in a comparatively … Continue reading
Weidner returns; Casinos win tax fight
Y’all remember Baha Mar, that multi-billion-dollar project in the Bahamas that then-Harrah’s Entertainment exited during its IPO? At the time, Harrah’s insisted that there was no connection, but Baha Mar was one of several initiatives — including Margaritaville in Biloxi … Continue reading
Posted in Boyd Gaming, Environment, Harrah's, International, Macau, Mississippi, Oklahoma, Politics, Reno, Sheldon Adelson, Taxes
1 Comment
Clever Quinn; Rearranging the deck chairs; PE firms repulsed
Just when boosters of casino expansion in Illinois thought they had a done deal, Gov. Pat Quinn (D) sprung a carefully concealed snare: No pension reform, no dice. He dismissed Rep. Lou Lang‘s endless, insane casino crusade as a “shiny … Continue reading
Posted in Current, Harrah's, Illinois, Indiana, Massachusetts, Politics, Regulation, Sheldon Adelson, Singapore, The Strip, Transportation, Tribal, Wall Street
1 Comment
Big setback in Toronto; Wynn rebuffed; Cuomo’s winning streak
One of gaming’s biggest new markets went out with a whimper, not a bang, when colorful Toronto Mayor Rob Ford nixed a scheduled vote on whether to put a casino in the lakeside city, hoping to extract a $97 million … Continue reading
Posted in Colorado, Current, Dan Gilbert, Detroit, Economy, Harrah's, Horseracing, International, Massachusetts, MGM Mirage, New York, Penn National, Politics, Racinos, Regulation, Steve Wynn, Taxes, Texas, Tribal
1 Comment
Inside the Adelson verdict; Wackiness in Illinois
Early news reports held that yesterday’s $70 million judicial beat-down of Las Vegas Sands was unanimous. Not so, it turns out. At least one juror felt that Macao schmoozer Richard Suen had neither demonstrated the existence of a contract with … Continue reading
Posted in Current, Economy, Illinois, Macau, Politics, Regulation, Sheldon Adelson, Slot routes, Station Casinos, Steve Wynn, Taxes
2 Comments
Big vote in Beantown?; Penn National short-sheets Maryland
That’s what it could come to in Boston, if mayoral candidate — and current Suffolk County D.A. — Daniel Conley gets his wish. Rather than simply letting East Boston vote up or down on Caesars Entertainment‘s proposed conversion of Suffolk … Continue reading
Equivocal anniversary for Ohio; In Massachusetts, progress for MGM and Wynn
So, as Ohio marks the first full year of casino play, is the glass half-full or half-empty. Currently, much is being made of Horseshoe Cleveland having brought in less than half of greatly over-ambitious expectations (and 12% less than what … Continue reading
Posted in Architecture, Current, Dan Gilbert, Dining, Economy, Entertainment, Harrah's, Massachusetts, MGM Mirage, Ohio, Penn National, Politics, Racinos, Regulation, Steve Wynn, Taxes, Tourism
3 Comments
Cosmo finally learns; Parx’s Maryland play
We don’t know how it managed it but congratulations to The Cosmopolitan of Las Vegas. It finally realized how to market to those hitherto-elusive creatures known as “gamblers.” Casino revenue shot up 33%, winning $41 million from players, partly due … Continue reading
Posted in Cosmopolitan, Current, Maryland, MGM Mirage, Penn National, Pennsylvania, Politics, The Strip, Wall Street, West Virginia
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Gaming suffers rare defeat; Big rush in Springfield
It’s a longstanding tradition in Iowa that voters, once they’ve voted to approve a casino in their county, never have second thoughts. Selling non-gaming counties on new casinos, however, is a different story. Take Norwalk County, for instance, where a … Continue reading
Posted in Architecture, Cordish Co., Current, Election, Iowa, Massachusetts, MGM Mirage, New Hampshire, Politics, Tribal, Warner Gaming
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Illinois: Quinn caves; Money grab in Missouri
That pesky Illinois Legislature writes up a new, gambling-expansion bill as fast as Gov. Pat Quinn (D, left) can veto the last one. Evidently worn down by long combat with lawmakers and facing a $100 million hole in the state’s … Continue reading
Happy days: Here again?; DIY Vdara Death Ray
America‘s casino officially emerged from the doldrums with the release of the American Gaming Association‘s yearly survey, showing a 5% increase in private-sector casino revenue, just $200 million shy of 2007’s record amount. Mind you, we have quite a few … Continue reading
The wrath of PokerStars; Hart’s win; NV Internet poker: Too soon to tell?
That “thud” you just heard was the price of an Atlantic City casino hitting its lowest level ever. In litigation filed against Colony Capital, spurned buyer Rational Group said it was to have paid only $15 million for the Atlantic … Continue reading
Revel: Christie catches a break; Illinois remains suicidal; Online poker debuts in Nevada
New Jersey Gov. Chris Christie (R) is one lucky fellow. Bankrupt Revel threatened to become an albatross around his neck, thanks to a $261 million tax break that Christie helped push through Trenton. Last week, it turned out that Revel … Continue reading
Springfield: MGM bests Penn … for now
Yes, the comedy is finished in Springfield, at least for the moment. In an episode worthy of The Simpsons and after an epic amount of foot-dragging, Springfield Mayor Domenic Sarno was cajoled and ultimately browbeaten into actually taking a stand … Continue reading
Posted in Current, Dining, Economy, International, Massachusetts, MGM Mirage, Neil Bluhm, Penn National, Politics, Racinos, Regulation, Tourism, Tribal, TV, Wall Street
1 Comment
I-cahnned! River Palms sold; PokerStars out of A.C., Langford out to lunch
Subtract one casino from the Tropicana Entertainment portfolio: The River Palms Resort & Casino, in Laughlin, just went for $7 million today. TropEnt CEO Anthony Rodio isn’t pulling out of the Colorado River market altogether. He says the company will … Continue reading
Icahn nixes Trump deal; Steve Wynn’s fugitive friend
If Carl Icahn holds the note on your life, you are in a world of hurt, my friend. Just ask Trump Entertainment Resorts, whose $20 million sale of wretchedly performing Trump Plaza Hotel & Casino suddenly looks very shaky. What’s … Continue reading