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Category Archives: Politics
Sanguine Sands; Genting vs. Islamofascism; Arkansas vs. Missouri
Las Vegas Sands dispatched its international overseer, Rob Goldstein (right) and sidekick Dan Briggs to New York as envoys to Wall Street. As reported by J.P. Morgan‘s Joseph Greff, Sands’ outlook is sanguine, particularly with regard to the Singapore and … Continue reading
Ameristar goes East; Colony’s secret formula revealed
Yesterday morning, Wall Street was advised by Ameristar Casinos that the latter had forked over $16 million for land in Springfield, Massachusetts. Given that Ameristar has been in extreme-caution mode since the death of founder Craig H. Neilsen and the … Continue reading
Rule or ruin in Illinois; A new deal in Detroit
State Rep. Lou “Death Wish” Lang (D, right) continues to dare, then double-dare Gov. Pat Quinn (D) to veto what’s now a 2.6X expansion of the number of gambling positions in the state of Illinois. Lang has offered a few … Continue reading
Posted in Boyd Gaming, CityCenter, Current, Dan Lee, Detroit, Economy, Harrah's, history, Illinois, Indiana, International, Iowa, Louisiana, MGM Mirage, Mississippi, Missouri, Neil Bluhm, Penn National, Politics, Racinos, Reno, Slot routes, The Strip, Wall Street
3 Comments
Another victory like this …
In one of the most Pyrrhic victories in casino-industry history, Colony Capital has managed to prevent foreclosure of the former Atlantic City Hilton. But the cost of victory outweighs the gain. Colony got itself out of this scrape by giving … Continue reading
Posted in Colony Capital, Current, Dennis Gomes, Genting, Mississippi, New York, Politics, Racinos, Regulation, Tilman Fertitta, Wall Street
1 Comment
Domino effects
“Prior to the official opening, a 60-minute opening ceremony was held outside of the main entrance to the casino, where local and state politicians patted each other on the back for finally getting the casino opened, a mere 10 years … Continue reading
Quote of the Day
“The north will let the heathens in the south have the casinos, and they’ll take the benefits.” — former casino opponent (and Florida governor) Jeb Bush, during a recent visit to Las Vegas, putting his money on the expansion of … Continue reading
Quote of the Day
“This is what it has come to for the man who created a Nevada wave in 2008, winning the state by 12 percentage points, pulling Democrats up and down the ticket to victory … [President Barack] Obama previously had been … Continue reading
ColSux: They’re outta here!; Accord in Motown; Murren changes course
Those last few remnants of Columbia Sussex CEO William J. Yung‘s former casino empire continue to topple about him. The Kentucky-based oligarch, whose properties are notorious for their poor working conditions and even worse maintenance, has been reaping a gargantuan … Continue reading
Posted in Atlantic City, Columbia Sussex, Culinary Union, Dan Lee, Detroit, Donald Trump, Economy, Environment, G2E, Harrah's, International, Lake Las Vegas, Lake Tahoe, Louisiana, Marketing, MGM Mirage, Pets, Pinnacle Entertainment, Politics, Sports, Texas, The Strip, Tropicana Entertainment
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MSM tunes Steve Wynn out
Has Steve Wynn jumped the shark? That is a question I never, ever thought I’d be asking. But an interesting thing happened in the wake of Winn Wynn Resorts‘ most recent conference call. Toward the end, he went on his … Continue reading
Strangest gambling scandal ever?
Politics and gambling have literally gone to the dogs in West Virginia. A certain Harry Marshall Rae has pleaded ‘not guilty’ to attempted extortion of Gov.-elect Earl Ray Tomblin (D). At issue is an alleged $50,000 demand — placed on … Continue reading
Posted in Animals, Current, Internet gambling, Politics, Racinos, The Mob, West Virginia
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Pat Quinn finally gets it
After four months of vacillation, Gov. Pat Quinn (D-IL) has gotten off the fence and announced his opposition to multiple racinos within Illinois (and to slot routes at airports). Noting that the state already subsidizes the sport of kings, he … Continue reading
Posted in Atlantic City, Current, Horseracing, Illinois, New York, Politics, Racinos, Regulation, Sports
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NIMBY time in Maine
Having gotten the nod from Maine legislators, a third casino could soon be heading the state’s way. Appropriately enough, it will appear on the ballot as Question Three. Opponent Jim Handy has his shorts in a wad over the location … Continue reading
Posted in Architecture, Current, Economy, Election, Maine, Massachusetts, Penn National, Politics, Racinos
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The King of Palm Beach
Florida‘s seven struggling, casino-enabled parimutuels could become eight, with the entry of a new player … While the courts have now made it possible for Don King to make an end-run around Palm Beach County voters, if necessary, by taking … Continue reading
Posted in Current, Economy, Florida, G2E, Harrah's, Isle of Capri, Politics, Racinos, Sheldon Adelson, Steve Wynn, The Strip, Tribal
2 Comments
Quote of the Day
“You can’t legislate everything in life. People [from Massachusetts] are gaming in Connecticut, Rhode Island, Las Vegas and Atlantic City.” — state Rep. Paul K. Frost (R-Auburn), speaking in support of Massachusetts’ nascent casino industry.
Posted in Atlantic City, Current, Economy, Massachusetts, Politics, The Strip, Tourism
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Breakthrough in Massachusetts
This just in … the Massachusetts state Senate voted 24-14 to send casino legalization on to a conference committee, where the House’s version — passed with a crushing majority — already reposes. Differences between the two versions, obviously, will have … Continue reading
Posted in Bally Technologies, Current, Economy, Florida, Genting, Harrah's, Horseracing, IGT, Internet gambling, Movies, Penn National, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Slot routes, Sports, Steve Wynn, Taxes, Tribal, Wall Street, WMS Industries
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Monopoly over Miami
A recent visitor to Las Vegas from the Pacific Rim told me that Sheldon Adelson has worn out his welcome in Macao (which is on pace to eclipse all other gaming markets combined) and is fast doing so in Singapore. … Continue reading
Posted in Archon Corp., Current, Economy, Florida, Genting, Harrah's, Internet gambling, Laughlin, Macau, Massachusetts, New York, Pennsylvania, Politics, Racinos, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, Taxes, Wall Street
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G2E’s main man speaks
No Global Gaming Expo would be complete without the American Gaming Association‘s prexy making a pilgrimage to Jon Ralston‘s TV studio. So, whilst Yr. Humble Blogger digests a whole mess o’ analyst reports, enjoy the soothing sounds of Frank J. … Continue reading
Shakedown at G2E; Riviera quits Colorado, Trump quits humanity
Our beloved casino industry runneth over with individuals, companies and even sovereign nations that have a vested interest in the legalization of Internet poker … and more. Rep. Joe Barton (R-TX, left) knows this, which is why he’s coming to … Continue reading
Posted in Atlantic City, Colorado, Current, Dennis Gomes, Donald Trump, Economy, Election, G2E, Internet gambling, Marketing, Politics, Regulation, Reno, Riviera, Sheldon Adelson, Steve Wynn, The Strip
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