Category Archives: Regulation

Penn, Caesars come together; Big bet in smallest state

Posted on June 19, 2018 by David McKee

Penn National Gaming swooped in and bought itself a nice little operating contract in Louisiana, the Margaritaville Casino Resort, for $115 million. Considering that the price translates to 5.5X cash flow, Penn got itself quite a bargain. It’s also a vote … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Illinois, Isle of Capri, Louisiana, Massachusetts, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Rhode Island, Sports, Taxes, Tilman Fertitta | Comments Off

East Windsor, Take Two; MGM, Sands eat Ho’s lunch

Posted on June 15, 2018 by David McKee

“From the start, we pledged to create a world class facility that will be a draw for people throughout the entire region,” said Mashantucket Tribal Chairman Rodney Butler of the tribe’s satellite casino in East Windsor. Nice try, Mr. Chairman, … Continue reading →

Posted in Architecture, Foxwoods, Lawrence Ho, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Mirage, Mississippi, Mohegan Sun, Problem gambling, Regulation, Sheldon Adelson, Tourism, Transportation, Tribal, TV | Comments Off

Leagues greedy for bookie sponsorships; Wynn gets sued

Posted on June 15, 2018 by David McKee

Guess what? Major leagues’ opposition to sports betting has melted overnight and now they’re into it for as much money as they can get. Bookmaker William Hill reports being “inundated” with sponsorship requests. Hill is a logical candidate for this, … Continue reading →

Posted in Atlantic City, Bruce Deifik, Current, Massachusetts, Regulation, Sports, Wynn Resorts | Comments Off

Another administration scandal?; Ocean Resort ready to go

Posted on June 14, 2018 by David McKee

Connecticut‘s congressional delegation continues to make noise about the yes-no-maybe nature of the Trump administration’s handling of the Mohegan Sun/Foxwoods Resort Casino compact to build an off-reservation casino in East Windsor. Wrote Sen. Richard Blumenthal, Sen. Chris Murphy and Reps. … Continue reading →

Posted in Atlantic City, Bruce Deifik, Florida, Foxwoods, Hard Rock International, Internet gambling, Mohegan Sun, Nevada, Politics, Regulation, Revel, Seminole Tribe, Tribal | Comments Off

New Jersey: Play ball!; Brothels on the defensive in Nevada

Posted on June 12, 2018 by David McKee

Major League Baseball, which has a long and tortured history with gambling, is urging states other than Nevada not to copy the Silver State’s regulatory system when it comes to sports betting, Why? Nevada sports books are not required to … Continue reading →

Posted in Atlantic City, Australia, Delaware, Nevada, Politics, Regulation, Sexual misconduct, Sports, Tilman Fertitta | 1 Comment

Waiting game in N.J.

Posted on June 11, 2018 by David McKee

Tempers were frayed as New Jersey legislators debated the fine points of sports betting. Demands from major-league representatives for ‘integrity fees’ got a frosty reception. Alluding to the legal bill the Garden State ran up fighting for legalized sports betting, … Continue reading →

Posted in Atlantic City, e-sports, Politics, Regulation, Sports, Tilman Fertitta | Comments Off

Next stop, East Windsor

Posted on June 5, 2018 by David McKee

It appears that a clear path has opened for Mohegan Sun and Foxwoods Casino Resort to develop a satellite casino. The Hartford Courant reports that “The U.S. Department of the Interior is expected to publish a much-delayed notice Friday that … Continue reading →

Posted in Foxwoods, Geoff Freeman, Internet gambling, MGM Mirage, Mohegan Sun, Politics, Regulation, Sports | 1 Comment

Mohegans sue for Wynn casino

Posted on June 4, 2018 by David McKee

Steve Wynn‘s failure to disclose a $7.5 million paternity settlement may have been the best thing that happened to Mohegan Sun‘s hopes in Massachusetts. The tribal megaresort is suing the Massachusetts Gaming Commission for failing to conduct ‘extreme vetting’ of … Continue reading →

Posted in Dan Gilbert, Delaware, Economy, Massachusetts, Mohegan Sun, Ohio, Pennsylvania, Regulation, Rhode Island, Sexual misconduct, Sports, Steve Wynn, Taxes, Wynn Resorts | Comments Off

Caesars, MGM strikes averted

Posted on June 4, 2018 by David McKee

Yesterday the Culinary Union announced that a tentative pact had been reached with Caesars Entertainment, in the wee hours of Friday morning, the first such in the current round of labor talks on the Las Vegas Strip. “The historic new … Continue reading →

Posted in Culinary Union, e-sports, Harrah's, Mandalay Bay Massacre, MGM Mirage, New York, Politics, Racinos, Regulation, Sexual misconduct, SLS Las Vegas, Sports, Steve Wynn, Taxes, The Strip, World Series of Poker, Wynn Resorts | Comments Off

Macao disappoints Wall Street; Tribal troubles

Posted on June 1, 2018 by David McKee

Wall Street was expecting 18.5% gaming-revenue growth out of Macao last month. It got ‘only’ 12%, the Street not having taken an abbreviated Golden Week into account. Furthermore, the enclave had a hard act to follow, its revenue having vaulted … Continue reading →

Posted in California, Dining, Economy, Foxwoods, Galaxy Entertainment, Genting, Iowa, Japan, Macau, MGM Mirage, Mohegan Sun, Nebraska, New York, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Tourism, Tribal, Wall Street | 3 Comments

April is the kindest month

Posted on May 31, 2018 by David McKee

Gaming grosses were up 5% on the Las Vegas Strip last month and locals casinos did spectacularly well, seeing a 14% increase. The statistics are even more impressive when you take into account one less weekend day than in 2017 … Continue reading →

Posted in Bally Technologies, Boulder Strip, Downtown, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Regulation, Reno, Taxes, The Strip, Tribal | Comments Off

MGM optimistic on Japan; Culinary blasts casino owners

Posted on May 30, 2018 by David McKee

Japan is one big step closer to casino legalization now that its House of Representatives passed a bill putting problem-gambling countermeasures into place. This was a necessary step before the actual casino-implementation law could go before the Diet. “The pace of … Continue reading →

Posted in Boyd Gaming, Culinary Union, Economy, Golden Gaming, Harrah's, Japan, Macau, MGM Mirage, Penn National, Politics, Problem gambling, Regulation, Sexual misconduct, Singapore, Taxes, Tourism, Transportation, Unite-Here, Wynn Resorts | Comments Off

Bringing back sexy; They did a bad, bad thing

Posted on May 24, 2018 by David McKee

In search of a novel angle to market Las Vegas, the Las Vegas Convention & Visitors Authority has come up with a new campaign. And. It. Is. Hawt. Because lesbians. Although, if you’re a mushy romantic at heart, this mini-movie is sure to … Continue reading →

Posted in Foxwoods, Internet gambling, LVCVA, Marketing, MGM Mirage, Mohegan Sun, Regulation, Reno, Sports, The Strip | 2 Comments

Delaware bests New Jersey; New partner for Ho?

Posted on May 23, 2018 by David McKee

Chris Christie may have to eat his words about New Jersey being the first state to capitalize on the Supreme Court‘s sports-betting ruling. According to NJ Advance Media, “Delaware officials said this week they believe they have the laws and infrastructure … Continue reading →

Posted in Atlantic City, Bruce Deifik, Delaware, Entertainment, Hard Rock International, Lawrence Ho, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Mirage, Philippines, Racinos, Regulation, Sports | Comments Off

Strike!; Memo to Congress

Posted on May 23, 2018 by David McKee

If any casino owners were thinking that the Culinary Union might get complacent or fragment in the face of a good Las Vegas economy, they got a rude wakeup call yesterday. Some 99% of Culinary members voted to authorize a … Continue reading →

Posted in Culinary Union, Current, Downtown, Economy, Geoff Freeman, Harrah's, history, MGM Mirage, Regulation, Sports, Taxes, Technology, The Strip | Comments Off

Quote of the Day

Posted on May 15, 2018 by David McKee

“Folks are either spending a little more time or a little more money while they’re on the property. There’s good demand for the nearly 400 new slot machines we’ve put in over the last few months. We’re always working with vendors and … Continue reading →

Posted in Ameristar, Economy, Indiana, Pinnacle Entertainment, Regulation, Technology | Comments Off

Sports betting: A new era

Posted on May 15, 2018 by David McKee

Yesterday, the Supreme Court handed down its much anticipated ruling in Murphy v. NCAA and it was pure win for states and casinos itching to offer legalized sports betting, although there was some predictable disapproval. As Arizona Attorney General Mark … Continue reading →

Posted in Arizona, Atlantic City, Boyd Gaming, Delaware, DFS, Eldorado Resorts, Election, Geoff Freeman, Harrah's, IGT, Illinois, Law enforcement, Maryland, Massachusetts, MGM Mirage, Mississippi, Nevada, New York, Penn National, Politics, Regulation, Rhode Island, Scientific Games, Sports, Texas, Tilman Fertitta, Tribal, Wall Street, West Virginia | Comments Off

MGM, Wynn woo Wall Street

Posted on May 11, 2018 by David McKee

This week, in conjunction with the opening of Park MGM, the parent company rolled out the red carpet for Wall Street analysts. “While there were no major announcements/surprises, we felt management put forth a thorough effort to better articulate its … Continue reading →

Posted in Elaine Wynn, Japan, LVCVA, Macau, Marketing, Massachusetts, MGM Mirage, Ohio, Regulation, Sheldon Adelson, Sports, Steve Wynn, The Strip, Transportation, Wall Street, Wynn Resorts | Comments Off

Sheehan out at Scientific; Carry them back to old Virginny

Posted on May 8, 2018 by David McKee

Outgoing Scientific Games CEO (and Telemundo founder) Kevin Sheehan grew the company beyond recognition, increased revenue, reorganized its internal structure and aggressively paid down debt. So why is he being kicked upstairs to “senior advisor”? Your guess is as good … Continue reading →

Posted in Foxwoods, Horseracing, International, Maryland, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Politics, Racinos, Regulation, Scientific Games, Sports, Tribal, Wynn Resorts | Comments Off

Elaine calls the shots; Now it’s Encore Boston Harbor

Posted on May 3, 2018 by David McKee

Wynn Resorts has been ceding to the wishes of Elaine Wynn of late but it got its back up when she demanded the removal of board member John Jay Hagenbuch. Ms. Wynn views him as a crony of her ex-husband … Continue reading →

Posted in Atlantic City, Colorado, Elaine Wynn, Eldorado Resorts, Entertainment, Florida, Foxwoods, Hard Rock International, International, Internet gambling, Isle of Capri, Macau, Massachusetts, MGM Mirage, Mississippi, Mohegan Sun, Moulin Rouge, Politics, Regulation, Revel, Steve Wynn, Tilman Fertitta, TV, Wynn Resorts | 3 Comments