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Category Archives: Politics
Barley’s leaves a bad taste; Woe is Star; Mega-Jottings
When a casino is named Barley’s Brewing Co. you’d expect to get a decent glass of suds there. Not so. Las Vegan Lon Enwright is $8 million richer—but physically damaged beyond price—after being served cleaning fluids instead of beer (the … Continue reading
Posted in Australia, Baseball, Boulder Strip, Charity, China, Conventions, Crown Resorts, Derek Stevens, history, Japan, Kentucky, Massachusetts, MGM Resorts International, Missouri, Money laundering, Movies, New Jersey, Politics, Regulation, Resorts World LV, Singapore, Sports, Sports betting, Star Entertainment, Station Casinos, Tourism, Transportation, Tribal, Wall Street, Wisconsin
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Chicago: Then there were three … ; Leaner, meaner Boyd
Enjoy these images of Rivers McCormick while you can because you’ll never see them again. Chicago Mayor Lori Lightfoot has nixed McCormick Place as a potential site for a casino, setting Bally’s Corp. and especially Rush Street Gaming down a … Continue reading
Posted in Bally, Boyd Gaming, Chicago, Culinary Union, Economy, Hawaii, Marketing, Neil Bluhm, Politics, Regulation, Rush Street Gaming, Station Casinos, Taxes, Tourism, Transportation
1 Comment
Empire State greed; Brady betting brouhaha
Wow, inflation really is spiraling. When last we checked (i.e., yesterday), a New York City casino license was going for $500 million. However, if some state senators get their way, that not-inconsiderable price tag will rocket to $1 billion. According … Continue reading
Posted in Charity, Downtown, FanDuel, Genting, Golden Nugget, Hard Rock International, Health, Illinois, Indiana, LVCVA, Marketing, MGM Resorts International, New Jersey, New York, Ocean Resort, Politics, Sports betting, Taxes, The Strip, Tony Hsieh, Transportation, West Virginia, Westgate LV, Wynn Resorts, Wyoming
1 Comment
Boardwalk bulletin; George gesture from Apollo
Pressure to end smoking in New Jersey casinos continues to ramp up on legislators. Said former governor Richard Codey (now a state senator), “When I was governor, we passed smoke-free legislation that covered almost all of our state. Restaurants complained … Continue reading
Posted in Apollo Management, Architecture, Atlantic City, Bally, Caesars Entertainment, Colorado, Conventions, Dan Lee, Dining, Donald Trump, Genting, Golden Nugget, Health, Macau, Marketing, MGM Resorts International, Politics, Problem gambling, Regulation, Resorts World LV, Sports, Sports betting, Texas, The Strip, Virginia
1 Comment
IGT: Biz as usual; Borgata ups the ante; Mega-Jottings
Wall Street analysts were rather ho-hum about International Game Technology‘s 4Q21 earnings announcement. The company’s cash flow from lotteries were almost exactly as predicted ($335.5 million, revenue of $687 million) while gaming brought in $66 million (on revenues of $321 … Continue reading
Posted in Atlantic City, Bally, Chicago, Cretins, Crown Resorts, Entertainment, Hard Rock International, Health, IGT, International, Internet gambling, James Packer, Law enforcement, Macau, MGM Resorts International, Missouri, New York, Ocean Resort, Philippines, Politics, Sports betting, Taxes, The Strip, Virginia, Wall Street
1 Comment
Mega-January on the Strip; Much ado about Caesars
January’s Nevada gambling-revenue numbers are out and the Silver State topped $1 billion yet again, a 41.5% boost over last year. However, some jurisdictions manifested slight declines, a sign that casino activity may be “normalizing” after a heated 2021. To … Continue reading
Posted in Animals, Arizona, Atlantic City, Bally, Baseball, Boulder Strip, Caesars Entertainment, Churchill Downs, Conventions, Dining, Downtown, Genting, Health, Internet gambling, Lake Tahoe, Laughlin, Louisiana, Marketing, Mesquite, Nevada, New Jersey, New York, North Las Vegas, Peninsula Pacific, Pennsylvania, Planet Hollywood, Politics, Reno, Singapore, Sports, Sports betting, Texas, The Strip, Tourism, Tribal, Wall Street, Wendover, Wisconsin
2 Comments
Venetian: The fix was in
As usual when billions are on the line, regulators dove under the table regarding the sale of Venelazzo to an unholy alliance of Apollo Management and Vici Properties. Although the Nevada Gaming Control Board cried foul—and rightly so—at the sexual … Continue reading
Posted in Apollo Management, Architecture, Caesars Entertainment, California, Canada, Card rooms, Conventions, Culinary Union, DraftKings, Economy, Election, FanDuel, Florida, IGT, Las Vegas Sands, Massachusetts, Peninsula Pacific, Politics, Real Estate, Regulation, Reno, Sexual misconduct, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Virginia, Wynn Resorts
1 Comment
Adios, Tropicana?; New York sports betting tops $1 billion easily
Visit the Tropicana Las Vegas while yet you can. Why? Because Bally’s Corp. Chairman Soo Kim is seriously weighing the possibility of “knocking it down and starting over.” Yes, Kim would rebrand the place as Bally’s Las Vegas and then … Continue reading
Posted in Alex Yemenidjian, Atlantic City, Bally, BetMGM, Caesars Entertainment, Chicago, Columbia Sussex, Conventions, DraftKings, e-sports, Economy, Election, FanDuel, GLPI, Health, history, Laughlin, Nevada, New Jersey, New York, Peninsula Pacific, Penn National, Politics, Rush Street Gaming, Sahara, Sports betting, Taxes, Texas, The Strip, Virginia
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Horseshoe returns to Vegas; LV Sands thinks big
In the year’s worst-kept secret (or least surprising news story), Caesars Entertainment is finally rebranding Bally’s Las Vegas as the Horseshoe to end all Horseshoes. We were all over the story yesterday, in case you want the full monty. A … Continue reading
Posted in Architecture, Bally, Boulder Strip, Caesars Entertainment, Downtown, DraftKings, Election, FanDuel, Florida, Illinois, Indiana, Internet gambling, Iowa, Las Vegas Sands, Laughlin, Macau, Massachusetts, Nevada, New York, North Las Vegas, Politics, Reno, Seminole Tribe, Singapore, Sports betting, Texas, The Strip, Tourism, Wall Street
1 Comment
Doldrums in Macao; “Love” in jeopardy; Mega-Jottings
There’s an Eeyore sweatshirt that says, “Could be worse. Not sure how, but it could be.” That pretty much sums up the situation in Macao, which finished 2021 44% ahead of 2020 when it comes to gambling revenue … but … Continue reading
Posted in Arizona, Atlantic City, Cirque du Soleil, Colorado, Cordish Co., Economy, Florida, Galaxy Entertainment, GLPI, Health, IGT, International, Lake Tahoe, Las Vegas Raiders, Las Vegas Sands, Laughlin, Law enforcement, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, North Carolina, Politics, Real Estate, Regulation, Sports betting, Taxes, Tribal, Wall Street, Washington State, Wynn Resorts
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If at first you don’t succeed … sue; Academy Awards odds posted
It’s a tried and true adage of American life that if you can’t get what you want fair and square, take it to court. Case in point: Full House Resorts. Having lost out on the Indiana Gaming Commission‘s selection of … Continue reading
Posted in Alabama, Bally, Chicago, Churchill Downs, Dan Lee, Election, Full House Resorts, Health, Indiana, International, Las Vegas Sands, Macau, Melco Resorts & Entertainment, Movies, Nebraska, Ohio, Politics, Racinos, Regulation, Sports betting, WInd Creek, Wynn Resorts
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Mirage sold; Big win for Las Vegas; Bluhm, Reinsdorf clash in Chicago
In a billion-dollar coup, MGM Resorts International has sold the operations of The Mirage to Hard Rock International, a huge markup on Steve Wynn‘s 1989 creation—and Hard Rock isn’t even getting the underlying land! All this for 17X EBITDA, an … Continue reading
Posted in Architecture, Caesars Entertainment, Chicago, Cordish Co., Downtown, DraftKings, Economy, Hard Rock International, Health, Japan, MGM Resorts International, Mohegan Sun, New Jersey, Pennsylvania, Planet Hollywood, Politics, Rush Street Gaming, Scott Butera, Sports, Sports betting, Station Casinos, Steve Wynn, The Strip, TV, Virgin Hotels
4 Comments
MGM enjoys reversal of fate; From the police blotter; Raiders sunk
How the wheel of fortune has turned for MGM Resorts International. Where Macao was once the grand prize among its casino trophies, it is now an albatross around the company’s neck, provoking a guarded outlook from Fitch Ratings. But MGM’s … Continue reading
Posted in Atlantic City, Caesars Entertainment, China, Cordish Co., Cretins, Delaware, GLPI, Health, International, Las Vegas Raiders, Law enforcement, Louisiana, Macau, Maryland, MGM Resorts International, New York, North Las Vegas, Peninsula Pacific, Politics, Real Estate, Sports, Sports betting, Taxes, Texas, The Strip, Tilman Fertitta, Tribal, Unite-Here, Wall Street, Wynn Resorts
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Rejected!
It’s been a rough winter for Peninsula Pacific. First it narrowly lost a plebiscite in Richmond, Virginia. Then, on Saturday, it got body-slammed by voters in Louisiana‘s St. Tammany Parish, who turned out in droves to vote down a proposed … Continue reading