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Category Archives: Politics
Wake up with Loveman; More election aftermath
No sooner were Wall Street analysts uttering serious concerns about a slow post-Sandy recovery for Atlantic City than who should pop up on CBS This Morning but Caesars Entertainment CEO Gary Loveman, doing damage control … It’s hard to decide … Continue reading
Posted in Atlantic City, Boyd Gaming, Current, Dan Gilbert, Donald Trump, Economy, Environment, Harrah's, Internet gambling, Kentucky, Massachusetts, Pennsylvania, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tilman Fertitta, Tourism, Transportation, TV, Wall Street
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Election wrap-up: Winners & losers
But first, because it will never, ever get old … Also this, from @daveweigel: “[Florida] exit poll: Obama winning Jewish vote by 40 points. 40 points. Nice work, Sheldon Adelson.” We’ll tap dance on Sheldon’s head some more further down, … Continue reading
Posted in Atlantic City, Colony Capital, Colorado, Cordish Co., Cretins, Current, Donald Trump, Economy, Election, Florida, Goldman Sachs, Harrah's, International, Internet gambling, Maine, Marketing, Maryland, Massachusetts, Minnesota, Pennsylvania, Politics, Racinos, Sheldon Adelson, Shuffle Master, Steve Wynn, Tribal, TV, Wall Street, West Virginia
4 Comments
Betting on our future; Wretched excess in Maryland; Penn perseveres
While the voters have not yet spoken (although they’re getting an early start here), the betting markets are feeling less restraint. While the amount wagered online on the results of today’s presidential election — $16 million, according to one source … Continue reading
Posted in Architecture, Cordish Co., Current, Election, Harrah's, Illinois, International, Internet gambling, Iowa, Marketing, Maryland, MGM Mirage, Missouri, Penn National, Politics, Tribal
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Election Special: Maryland, down to the wire
And now the biggie: Question 7. The quickest way to summarize this is to paraphrase what C.S. Lewis said of Christianity — that slot parlors in Maryland hadn’t been tried and found wanting but were an idea that had been … Continue reading
Posted in Architecture, Cordish Co., Current, Economy, Election, Harrah's, Internet gambling, Maryland, Massachusetts, MGM Mirage, Penn National, Politics, Racinos, Regulation, Taxes, TV, West Virginia
4 Comments
Have you seen this man?; Bluhm comes to Beantown
Anyone remember Gov. Steve Beshear (D)? For the five years, he’s been spinning his wheels, trying to get gambling expanded in Kentucky past horse racing. When Beshear ran for reelection last year, his GOP opponent, then-state Senate President David Williams … Continue reading
Posted in Current, Illinois, Isle of Capri, Kentucky, Macau, Massachusetts, Missouri, Neil Bluhm, Politics, Racinos, Regulation, Tribal
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Zynga counterattacks; Fail, Caesar; Adelson honored
If the Stalin organs of the Zynga PR battery had fallen silent, it was only to reload. As predicted yesterday, Zynga is regrouping around Internet gambling as its new strategy of choice. Zynga unleashed “announced an exclusive partnership [with Bwin.party] … Continue reading
Pinnacle saves September in Louisiana; Echelon under wraps; The red-headed stepkids of Station, Sands and Caesars
Folks down in the Pelican State had better things to do than gamble last month … like clean up after Hurricane Isaac. This might account for a 5% year/year decline in casino revenues. Louisiana‘s gambling venues grossed $200 million last … Continue reading
Posted in Boyd Gaming, CityCenter, Current, Economy, Entertainment, Florida, Harrah's, Isle of Capri, Louisiana, Marketing, MGM Mirage, Missouri, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Taxes, The Strip, Tourism, Transportation, Wall Street
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Nevada disappoints but Atlantic City bombs
If there’s a saving grace to August’s rather glum Nevada gambling win (-3%), it’s that the month ended on a Friday, so there may be some as-yet-unreported slot revenue that will fluff the September results. (That optimism must be offset, … Continue reading
When money talks, few are deaf
When addressing the subject of Sheldon Adelson (must we?), the extent to which he has stolen Wynn’s thunder and lightning was made manifest by a lengthy Politico.com profile. Adelson (right, ca. 1998), who can often behave like a colicky infant, … Continue reading
Posted in Current, Economy, Election, Harrah's, Internet gambling, Macau, MGM Mirage, Politics, Regulation, Steve Wynn, Taxes, Tourism, TV, Wall Street
1 Comment
Black man frightens Steve Wynn, Part Two; MGM: Time to forget Harmon?
As Yahoo‘s Jeff Macke cuttingly puts it, he “found a real, live businessman who creates jobs,” thereby providing a Steve Wynn-to-sanity translation, courtesy of CIO Advisors‘ Hugh Johnson. If Wynn were truly being honest, he’d cut to the quick: He’s … Continue reading
Posted in Architecture, Cantor Gaming, CityCenter, Colony Capital, Columbia Sussex, Cosmopolitan, Cretins, Current, Donald Trump, Economy, Election, Fontainebleau, Goldman Sachs, Hard Rock Hotel, Harrah's, history, International, Louisiana, Macau, Massachusetts, MGM Mirage, Morgans Hotel Group, North Las Vegas, Politics, Sports, Station Casinos, Steve Wynn, Technology, TV, Wall Street
2 Comments
Black man frightens Steve Wynn, Part One
Update: Today, Wynn got into the act in the ongoing Big Bird charade. As Steve Sebelius points out, it’s meaningless posturing, nothing more. Life’s been good to Steve Wynn. How good? Well, if you or I talked like a crazy … Continue reading
Posted in Atlantic City, Cantor Gaming, CityCenter, Colony Capital, Columbia Sussex, Cosmopolitan, Cretins, Current, Donald Trump, Economy, Election, Entertainment, Fontainebleau, Goldman Sachs, Harrah's, Macau, Massachusetts, MGM Mirage, Morgans Hotel Group, North Las Vegas, Pennsylvania, Plaza, Politics, Regulation, Sports, Station Casinos, The Strip, TV
27 Comments
Illinois: Cause for optimism?
Late last month, Bally Technologies landed a massive order of 4,000+ video poker terminals — VGTs in industry parlance — in Illinois. Y’all remember slot routes in the Land of Lincoln? They’ve taken so long to be put into place … Continue reading
Posted in Bally Technologies, Boyd Gaming, Current, Harrah's, Illinois, Missouri, Neil Bluhm, Penn National, Politics, Slot routes
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Colony Capital and the Temple of Doom; Big Gaming’s come a long way, baby
Earlier today, I penned a 1.5-page Question of the Day on the recent past and dubious future of the Las Vegas Hotel & Casino, which I habitually type as “Las Vegas Hilton.” Even if one confines the narrative to the … Continue reading
Posted in Atlantic City, Colony Capital, Culinary Union, Current, Dennis Gomes, Downtown, Economy, Election, Entertainment, Goldman Sachs, Planet Hollywood, Politics, Sahara, Sheldon Adelson, Station Casinos, Tamares Group, The Strip
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Batten down the hatches!
Tropical Storm Isaac is charting a path across the Gulf of Mexico and, with aspirations to “hurricane” status, is on a collision course with New Orleans, the City That Couldn’t Catch a Break. So far, Louisiana Gov. Bobby Jindal (R) … Continue reading
Posted in Boyd Gaming, Dining, Environment, Harrah's, history, International, Louisiana, Mississippi, Politics, Regulation, Technology, TV
2 Comments
Quote of the Day
“If a girl is willing to neck with me, she’s liberal. If Mr. Buckley is willing to neck with me, he’s very liberal.” — Woody Allen, in a rapier duel of wits with William F. Buckley. This one-two comedic punch … Continue reading
Good news for online gambling? Bad news for Rio
• Anti-gambling prick Rep. Steve King (R-IA) may find himself under investigation. Unfortunately, he’s not being investigated for being an anti-gambling prick. But it might remove one more obstacle to online poker. • The online-gambling world wet its panties last … Continue reading
Posted in Architecture, Derek Stevens, Downtown, Harrah's, history, Internet gambling, Politics, Regulation, Tourism, Transportation
2 Comments
Back at my post
Barring enormous dissatisfaction in McLean, Virginia, the USAT travel guides are off my desk for the time being, which means slightly more leisure to ponder such matters as what the rise to power of the Islamic Brotherhood in Cairo (albeit … Continue reading
Posted in Atlantic City, Current, Harrah's, International, LVCVA, Politics, Sheldon Adelson
2 Comments
End of an era
In a major step toward the de-Maloofization of the Palms, one of its signature attractions closed last weekend. As of yesterday, one can no longer gamble, ogle Bunnies nor do anything else at the semi-private Playboy Club. It was one … Continue reading
Insanity in Illinois, Philadelphia
If insanity is doing the same thing over and over (and over) and expecting a different result, then we have outbreaks of it in both the Illinois Legislature and the Philadelphia casino market. In Pennsylvania, lawmakers have the disposition of … Continue reading
Posted in Cosmopolitan, Harrah's, Horseracing, Neil Bluhm, New York, Penn National, Pennsylvania, Politics, Racinos, Regulation, The Strip, Tribal, Wall Street
2 Comments
Loveman heir abdicates; VLTs hit Ohio tomorrow; Wayne’s World II
Shares of Caesars Entertainment sank today on the news that CFO Jonathan Halkyard has quit, taking an equivalent position at NV Energy. Although the latter’s financial outlook is far rosier, with scant long-term debt, its revenue base ($611 million last … Continue reading
Posted in Atlantic City, Boyd Gaming, Dan Gilbert, Economy, Harrah's, history, Iowa, Louisiana, Massachusetts, MGM Mirage, Mississippi, Ohio, Penn National, Pinnacle Entertainment, Politics, Racinos, Tilman Fertitta, Tourism, Tribal, Wall Street, Wayne F. Newton
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