Category Archives: Regulation

Churchill Downs aims for Nashville; Goodbye, Sigma Derby

Posted on November 19, 2018 by David McKee

Late last week, Churchill Downs was awarded a racing license in Oak Grove, Kentucky, putting CHDN within an hour’s drive of the Nashville market. The plan is to invest $150 million in a racing oval, a hotel and — most … Continue reading →

Posted in Caesars Entertainment, Churchill Downs, Dan Gilbert, Detroit, Entertainment, Genting, Georgia, history, Kentucky, MGM Resorts International, Ohio, Penn National, Racinos, Regulation, Sexual misconduct, Sheldon Adelson, Steve Wynn, Technology, The Strip, Wall Street, Wynn Resorts | 2 Comments

Caesars hailed; Macao’s future questioned

Posted on November 15, 2018 by David McKee

Credit Suisse analyst Cameron McKnight hosted three (!) days of investor meetings with Caesars Entertainment and came away giving the company a rave review. “Management’s tone was very good, and long-only interest was high … We think CZR’s business is … Continue reading →

Posted in Arkansas, Caesars Entertainment, Economy, Horseracing, Japan, Kentucky, Macau, Mandalay Bay Massacre, New Hampshire, Politics, Racinos, Regulation, Sheldon Adelson, Sociedade de Jogos de Macau, Sports betting, The Strip, Tourism, Transportation, Wall Street | Comments Off on Caesars hailed; Macao’s future questioned

CG Technology in peril; Big first for New Mexico

Posted on November 14, 2018 by David McKee

GC Technology (formerly Cantor Gaming) hopes it can mollify the wrath of the Nevada Gaming Control Board with a $1.75 million settlement offer. CG is a repeat offender in the Silver State, which means that all options are on the table, … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Cantor Gaming, Cosmopolitan, Dining, Hard Rock Hotel, Internet gambling, Las Vegas Sands, M Resort, MGM Resorts International, Mississippi, New Mexico, Palms, Penn National, Problem gambling, Regulation, Sports, Sports betting, Station Casinos, The Strip, Tribal | Comments Off on CG Technology in peril; Big first for New Mexico

Quote of the Day

Posted on November 14, 2018 by David McKee

“Self-regulation is always preferred to government regulation, and government regulation only comes about when a company or industry just sets itself up to be regulated by being stupid.” — former regulator Richard Schuetz on the lack of gender equity in … Continue reading →

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Greektown sold; Resorts World Catskills gets cash infusion

Posted on November 14, 2018 by David McKee

Due to its presence in the Detroit market as operator of Caesars Windsor, it’s not possible for Caesars Entertainment to own a casino in Motown. But nobody said anything about its REIT, Vici Properties. The latter is teaming with Penn National Gaming … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, California, Dan Gilbert, Detroit, Eldorado Resorts, Election, Genting, Internet gambling, Massachusetts, Mohegan Sun, New Jersey, New York, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sports betting, Steve Wynn, Wynn Resorts | Comments Off on Greektown sold; Resorts World Catskills gets cash infusion

Stasis in Missouri; Steve Wynn’s got a secret

Posted on November 13, 2018 by David McKee

Missouri casinos grossed $138 million last month, essentially flat with 2017. The big winner was Eldorado Resorts, up 19% at Lumiere Place (shown, $13 million) but 9% lower at Isle of Capri Kansas City ($5 million). Boyd Gaming had an inauspicious … Continue reading →

Posted in Affinity Gaming, Ameristar, Boyd Gaming, Economy, Eldorado Resorts, Galaxy Entertainment, International, Iowa, Isle of Capri, Las Vegas Sands, Macau, Massachusetts, Melco Crown Entertainment, MGM Resorts International, Missouri, Penn National, Regulation, Sociedade de Jogos de Macau, Steve Wynn, Wynn Resorts | 1 Comment

Tribal gaming bigger than ever; Sessions out in D.C.

Posted on November 8, 2018 by David McKee

There’s been a round-robin at Seminole Gaming. The chair left vacant by Joe Lupo at Seminole Hard Rock Hotel & Casino Tampa will be filled by Seminole Casino Coconut Creek President Steve Bonner, a 16-year veteran of Coconut Creek. General Manager Larry Buck … Continue reading →

Posted in Atlantic City, Caesars Entertainment, California, Colorado, Economy, Florida, Las Vegas Sands, Marijuana, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Nevada, Oklahoma, Regulation, Scientific Games, Seminole Tribe, Steve Wynn, The Strip, Tribal, Vermont, Wynn Resorts | Comments Off on Tribal gaming bigger than ever; Sessions out in D.C.

Sports books get thumped; National Harbor rules

Posted on November 6, 2018 by David McKee

Nevada sports books are reeling from an NFL Week 9 that stands to see them lose as little as $7 million and as much as $10 million. Bettors, meanwhile, are crying all the way to the bank. Among the games … Continue reading →

Posted in Arkansas, Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Hill, Cordish Co., Election, Golden Gaming, Hard Rock International, Maryland, MGM Resorts International, Mississippi, Nevada, New Jersey, Penn National, Regulation, Sports, Sports betting, Station Casinos, Taxes, Warner Gaming | 1 Comment

Case Bets

Posted on November 2, 2018 by David McKee

Anthony Rodio was hardly settled in the CEO’s chair at Affinity Gaming before he was greeted with a rap on the knuckles from the Missouri Gaming Commission. The latter fined Affinity’s Mark Twain Casino $50,000 for repeated incidences of cheating while … Continue reading →

Posted in Affinity Gaming, Caesars Entertainment, International, Macau, MGM Resorts International, Missouri, Regulation, Security | Comments Off on Case Bets

Massachusetts’ fate tied to Wynn’s

Posted on October 29, 2018 by David McKee

There’s light at the end of Wynn Resorts‘ tunnel in Massachusetts. Trouble is, it won’t arrive until December and it will take the form of an investigative report, nearly a year in the making, from the Massachusetts Gaming Commission (postponed … Continue reading →

Posted in Boyd Gaming, Caesars Entertainment, Cordish Co., Greenwood Racing, Harrah's, history, International, Iowa, Massachusetts, MGM Resorts International, Nebraska, Pennsylvania, Pinnacle Entertainment, Regulation, Sexual misconduct, Sports, Sports betting, Steve Wynn, Tribal, William Hill, Wynn Resorts | Comments Off on Massachusetts’ fate tied to Wynn’s

Hard Rock, Trop push for sports books; Sands Bethlehem slammed at the tables

Posted on October 22, 2018 by David McKee

Atlantic City is getting caught up with customers’ fever for sports betting. Both the Hard Rock Atlantic City and Tropicana have applied for licensure of their sports books. Both are outsourcing the operation of the books. The Trop is going … Continue reading →

Posted in Atlantic City, Bruce Deifik, Caesars Entertainment, Charity, Connecticut, e-sports, Eldorado Resorts, Foxwoods, Genting, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, Macau, MGM Resorts International, Mohegan Sun, Pennsylvania, Politics, Regulation, Sports betting, Taxes | Comments Off on Hard Rock, Trop push for sports books; Sands Bethlehem slammed at the tables

Illinois tries, tries again; I, robot

Posted on October 18, 2018 by David McKee

Here we go again. Illinois solons will once more take up the question of casino expansion in the Land of Lincoln. However, other and more pressing gambling concerns may take priority. In addition to Internet gambling there is the quick … Continue reading →

Posted in AGA, Caesars Entertainment, Culinary Union, DFS, Economy, GLPI, Illinois, International, Internet gambling, Lawrence Ho, MGM Resorts International, Politics, Racinos, Regulation, Sports betting, Taxes, Technology, Wynn Resorts | Comments Off on Illinois tries, tries again; I, robot

Quote of the Day

Posted on October 17, 2018 by David McKee

“This is mistaken and counter-productive — even dangerous. No one man or woman is or should be so vital to a company’s existence that they cannot be punished for wrongdoing. This is essentially the principle of too big to fail, … Continue reading →

Posted in Current, Regulation | Comments Off on Quote of the Day

Arkansas to vote on casinos; Baldwin leaves MGM

Posted on October 16, 2018 by David McKee

Driving Arkansas Forward, the ballot initiative to legalize casinos in Arkansas, will continue to proceed now that the Arkansas Supreme Court has slam-dunked two challenges to the referendum. Religious group Ensuring Arkansas Future claimed that the ballot language was too ambiguous … Continue reading →

Posted in Arkansas, CityCenter, Culinary Union, Election, Entertainment, Galaxy Entertainment, Macau, Massachusetts, MGM Resorts International, Neil Bluhm, Politics, Regulation, Rush Street Gaming, Sports, Tribal, Vdara Death Ray, Wynn Resorts | Comments Off on Arkansas to vote on casinos; Baldwin leaves MGM

Florida amendment fading; Wynn Boston Harbor widens its appeal

Posted on October 12, 2018 by David McKee

All of Disney Worldwide Services‘ horses and all of the Seminole Tribes‘s men may not be able to get Humpty Dumpty, er, Amendment 3 past the ballot box. The amendment, which would make gaming expansion subject to direct popular vote, … Continue reading →

Posted in Architecture, Dining, Election, Entertainment, Florida, International, Internet gambling, Massachusetts, Problem gambling, Regulation, Seminole Tribe, Wynn Resorts | Comments Off on Florida amendment fading; Wynn Boston Harbor widens its appeal

Mashpee in for fight of their lives

Posted on October 9, 2018 by David McKee

“Thank God that’s not the test of whether or not people have rights in this country or not, whether or not they pass your look test.” That’s what then-Rep. George Miller (D) said to Donald Trump when the latter was … Continue reading →

Posted in Donald Trump, history, Massachusetts, Neil Bluhm, Politics, Regulation, Tribal | Comments Off on Mashpee in for fight of their lives

Hard Rock A.C. changes bosses; Westworld, the casino

Posted on October 3, 2018 by David McKee

It was our impression that Hard Rock Atlantic City was firing on all cylinders. Imagine our surprise to read that prexy Matt Harkness (pictured) was out and veteran Joe Lupo had taken his place. Harkness came to Hard Rock from … Continue reading →

Posted in Atlantic City, Culinary Union, Hard Rock International, Idaho, International, Internet gambling, Japan, Law enforcement, Lucky Dragon, MGM Resorts International, Philippines, Regulation, Technology, Tribal | 1 Comment

Follow that puck!; Connecticut casino nixed

Posted on October 2, 2018 by David McKee

$216 million. That’s how much sports betting will be worth to the NHL, according to the American Gaming Association‘s Sara Slane. The new revenue will be achieved “as a result of spending from betting operators on advertising, data and sponsorship … Continue reading →

Posted in AGA, Economy, Foxwoods, Full House Resorts, Greenwood Racing, Indiana, International, Internet gambling, Kentucky, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Oregon, Pennsylvania, Regulation, Reno, Rush Street Gaming, Sports, Sports betting, Transportation | Comments Off on Follow that puck!; Connecticut casino nixed

Congress: Listen to the ladies (it’s not what you think)

Posted on October 1, 2018 by David McKee

We predicted a kangaroo court for sports betting on Capitol Hill last week and our fears were confirmed when influential Rep. James Sensenbrenner opined that “We’re going to be in for huge amounts of trouble in the future.” Nothing like stacking … Continue reading →

Posted in AGA, Economy, G2E, Internet gambling, Law enforcement, Macau, Marketing, Massachusetts, MGM Resorts International, Movies, Politics, Regulation, Sheldon Adelson, Sports, Sports betting, Steve Wynn, Technology, The Strip, Wynn Resorts | Comments Off on Congress: Listen to the ladies (it’s not what you think)

Federal sports-betting regulation bombs

Posted on September 28, 2018 by David McKee

At least one woman was treated with respect yesterday on Capitol Hill and that was the American Gaming Association‘s Sara Slane. We reviewed her prepared testimony yesterday. “Because of the active, robust state and regulatory tribal gaming oversight, gaming is one … Continue reading →

Posted in AGA, Current, Economy, Law enforcement, Mandalay Bay Massacre, MGM Resorts International, Nevada, Politics, Regulation, Sports betting, The Strip | Comments Off on Federal sports-betting regulation bombs