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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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Category Archives: Racinos
Pennsylvania gives thanks; Aqueduct, superstar
This has been a terrible fortnight for S&G but, hey, we’ve got some good news from Pennsylvania. Last month’s gambling revenues were reported this morning and they’re up 12%, thanks mostly to the growing popularity of table games. (Atlantic City, … Continue reading
Casinos in Kentucky … soon?; Tenants to Sands: Let my people go!
Per S&G‘s prediction, Kentucky Gov. Steve Beshear (D) wasted little time after winning reelection before resuming his push for casino legalization. You’d never think that he beat opponent state Senate President David Williams (R) like a drum at the ballot … Continue reading
Posted in Current, Dining, Economy, Election, Entertainment, Kentucky, Pennsylvania, Racinos, Sheldon Adelson, Station Casinos, Taxes, The Strip
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Boyd: Trapped in Florida; Sands muzzled in Singapore; Good vibes in Macao
This is a good time to be in Florida, right? Not if you’re Boyd Gaming and have been trying to unload Dania Jai-alai, souvenir of a half-assed venture into the Sunshine State’s racino market. The company has scrapped an $80 … Continue reading
Posted in Boyd Gaming, Colony Capital, Current, Economy, Genting, Harrah's, Macau, MGM Mirage, Racinos, Regulation, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, The Strip, Wall Street
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Atlantic City: Fertitta struggling, Gomes triumphing, Boyd steady
No surprise that Borgata remains in a class by itself among Atlantic City resorts. It finished October at 0.0% deviance from last year, as flat as “flat” can be. The lone gainer in the market was Resorts Atlantic City, up … 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
Rock, Paper, City; Generosity at Caesars, shopping at Sands
While Massachusetts lawmakers sharpen their scissors in order to cut and paste two versions of the Lege’s casino-enabling bill, the city of Holyoke is happy to find itself between Hard Rock International and Paper City Development. The partnership has its … Continue reading
Posted in Atlantic City, Current, Detroit, Economy, Election, Harrah's, Maine, Massachusetts, MGM Mirage, Penn National, Pennsylvania, Racinos, Sheldon Adelson, Sports, The Strip, Tribal
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
Is MGM Grand Detroit too successful for its own good?
From a labor-relations standpoint, yes. Although workers at Greektown Casino were quick to ratify a new collective-bargaining agreement, closely followed by MotorCity Casino, it was a different story across town. Employees of MGM Grand Detroit decided their union reps were … Continue reading
Posted in Atlantic City, Current, Detroit, Economy, Election, MGM Mirage, New York, Penn National, Racinos, Sheldon Adelson, Sports, Tourism, Wall Street
1 Comment
Quotations from Chairman Steve; Elvis catches fire
Perhaps due to his eagerness to get Wynn Cotai jump-started, Steve Wynn has become an even more pliant sock puppet for China‘s central government than was Sheldon Adelson. It must be a source of great amusement among the ruling elite … Continue reading
Posted in Cordish Co., Current, Economy, Entertainment, Harrah's, International, Macau, Maryland, Penn National, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Taxes, TV, West Virginia
3 Comments
Mojito Pointe: Why MGM did it
Maybe they were just charmed by Dan Lee‘s babyish face (left) but leadership at MGM Resorts International can cite of plenty of other reasons for throwing in on Lee’s Mojito Pointe project … which may be rechristened with an MGM … Continue reading
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
What if they gave a casino and no one came?
Such been the plight of Maryland, a state that’s experienced the curious predicament of having more casino licenses than applicants. It’s much the same as Kansas, where things have gone awful quiet. Now, Kansas is like a corn-fed Macao: You … Continue reading
Posted in Cordish Co., Current, Donald Trump, Economy, G2E, Harrah's, International, Isle of Capri, Kansas, Macau, Maryland, Ohio, Penn National, Racinos, Regulation, Taxes, West Virginia
1 Comment
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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Big ‘boing’ in Pennsylvania; Labor strife in Detroit
Casino revenues last month in Pennsylvania must have been riding a pogo stick — up 13% from last year. That includes a 39% moonshot in table revenues. Leaders include Sands Bethlehem (22%, right), while Penn National‘s eponymous racino must be … Continue reading
Posted in Cannery Casino Resorts, Current, Detroit, Economy, Genting, Harrah's, Indiana, International, Louisiana, MGM Mirage, Neil Bluhm, New York, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sports, Taxes
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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