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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Regulation
Dubious honor for Nevada; GLPI’s big gulp
Nevada is used to getting WalletHub accolades but here’s one it didn’t want and would probably prefer to see swept under the rug … most gambling-addicted state in the U.S. And why not? There are very few states in the … Continue reading
Posted in Atlantic City, Boyd Gaming, Eldorado Resorts, GLPI, Harrah's, Hawaii, Illinois, Louisiana, MGM Mirage, Mississippi, Missouri, Nebraska, Nevada, Penn National, Pinnacle Entertainment, Problem gambling, Regulation, South Dakota, Tropicana Entertainment, Unite-Here
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MGM plays games with tribes, MGM Springfield, as Zinke steps in it
As various non-gaming related scandals gain critical mass around ersatz geologist and Secretary of the Interior Ryan Zinke, he’s found himself front and center in a casino mess in Connecticut. Seems that Zinke turned a deaf ear to career Interior … Continue reading
Mixed report from Japan; Wynn Boston Harbor up for grabs
First, the good news: The casino-regulation bill over which Japan‘s Liberal Democratic Party has slaved, may make it into the Diet by Friday, giving the Nipponese parliament just under two months to consider it. (The Diet adjourns on June 20.) … Continue reading
Icahn out, Eldorado in; Caesars balks at Hoosier fee
Carl Icahn was in a selling mood last weekend, cashing out of Tropicana Entertainment. The buyer was Eldorado Resorts, which paid Icahn $1.85 billion, then flipped nearly all the physical assets to Gaming & Leisure Properties for $1.2 billion. Not content … Continue reading
Posted in Ameristar, Atlantic City, Carl Icahn, Centaur Gaming, Charity, Dining, Eldorado Resorts, Florida, GLPI, Hard Rock International, Illinois, Indiana, International, Internet gambling, Iowa, Lake Tahoe, Laughlin, Law enforcement, Louisiana, Massachusetts, MGM Mirage, Mississippi, Penn National, Pennsylvania, Regulation, Seminole Tribe, Tropicana Entertainment, Wall Street
1 Comment
MGM Boston?!?; Sports betting proceeds fitfully
According the Wall Street Journal, talks are underway between MGM Resorts International and Wynn Resorts for the latter to be shot of Wynn Boston Harbor, which has become a regulatory albatross around Wynn’s neck. Although this would mean giving almost … Continue reading
Posted in Illinois, Kansas, Maryland, Massachusetts, MGM Mirage, Minnesota, Missouri, Mohegan Sun, Politics, Regulation, Sexual misconduct, Slot routes, Sports, Steve Wynn, Taxes, Wall Street, Wynn Resorts
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Bumpy month for Atlantic City; Stanley Ho has left the building
Winter has not been kind to Atlantic City, with gaming revenues down 3.5% in March ($193 million). At least Internet gaming is a bastion of strength, 17.5% more productive last month, with Golden Nugget dominating that sector with 34% market … Continue reading
Posted in Atlantic City, Churchill Downs, Dan Gilbert, Detroit, Eldorado Resorts, Greenwood Racing, Harrah's, Internet gambling, Law enforcement, Louisiana, Macau, MGM Mirage, Mohegan Sun, Neil Bluhm, Pansy Ho, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Sociedade de Jogos de Macau, Stanley Ho, The Mob, Tilman Fertitta, Tropicana Entertainment
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Sands running in Pennsylvania; Zinke inaction irks tribes
Las Vegas Sands is halfway out the door at Sands Bethlehem but that doesn’t mean it doesn’t have any unfinished business, like seeking a five-year extension of its gambling license. CEO Brian Carr flashed some impressive numbers before regulators: $1.5 … Continue reading
Posted in Charity, Columbia Sussex, Foxwoods, Harrah's, Internet gambling, MGM Mirage, Mississippi, Mohegan Sun, Pennsylvania, PokerStars, Politics, Regulation, Sheldon Adelson, Tribal, Unite-Here
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Wynn out, MGM in: Is history repeating itself?
Remember when Kirk Kerkorian made Steve Wynn an offer he couldn’t refuse for Mirage Resorts? It looks like history is going to repeat itself with “back-channel approaches” being made by MGM Resorts International to embattled Wynn Resorts. “Wynn Resorts is … Continue reading
Posted in Archon Corp., Donald Trump, Elaine Wynn, Galaxy Entertainment, Genting, Hard Rock International, Harrah's, Japan, Laughlin, Macau, Massachusetts, MGM Mirage, Nevada, Ohio, Pennsylvania, Politics, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wall Street, Wynn Resorts
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No bailout for N.Y. casinos; Horseshoe Baltimore gets creative
There’s no question that upstate New York‘s new casinos drank their own bathwater when making their case to the state. Two of them are now squealing like stuck pigs, demanding that the Lege lower their tax rates. Never mind that … Continue reading
Posted in Alabama, Genting, Harrah's, Horseracing, Internet gambling, Law enforcement, Maryland, Neil Bluhm, New York, Politics, Regulation, Sports, Taxes
1 Comment
MGM owns Maryland; Rumble in Deadwood
MGM National Harbor continues to devour the Maryland market, hitting a record 40% market share last month, along with a best-ever $1.95 million/day in gross gaming record, for an overall gross of $60.5 million. Less pleasing for MGM execs: Slots … Continue reading
Posted in Boyd Gaming, Churchill Downs, Cordish Co., Golden Gaming, Harrah's, Internet gambling, Law enforcement, Louisiana, Maryland, MGM Mirage, Oklahoma, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Sheldon Adelson, South Dakota, Sports, Taxes, Tribal, West Virginia
2 Comments
Florida dithers; MGM catches a wave
Having once more proven itself constitutionally incapable (pun intended) of passing gaming legislation during the normal course of doing business, the Florida Lege is now talking ‘special session,’ which seems like what it would take to get anything done, if … Continue reading
Posted in Atlantic City, DFS, Economy, Florida, Internet gambling, Japan, Macau, Massachusetts, MGM Mirage, Mississippi, Politics, Racinos, Regulation, Seminole Tribe, Sexual misconduct, Sports, Steve Wynn
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Harrah’s wins in Big Easy; Could Wynn Resorts beat Boston rap?
Harrah’s New Orleans is a step away from a major makeover, now that the Louisiana House of Representatives cast a veto-proof vote in favor of a 30-year license extension, a new hotel tower and an expansion of the hotel-casino’s amenities. … Continue reading
Posted in Arkansas, Cretins, DFS, Dining, Elaine Wynn, Election, Harrah's, Horseracing, Internet gambling, Louisiana, Maine, Massachusetts, Penn National, Politics, Regulation, Sexual misconduct, Sports, Steve Wynn, Taxes, Wall Street, Wynn Resorts
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Wynn: The cancer spreads
Executives at Wynn Resorts must have thought they’d outmaneuvered all the regulatory torpedoes headed their way. Steve Wynn had been banished, his stock sold, two board members were on the way out. Then the Wall Street Journal launched a new … Continue reading
Posted in Elaine Wynn, Massachusetts, Regulation, Sexual misconduct, Steve Wynn, The Strip, Wynn Resorts
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Quote of the Day
“The state seems to have this Faustian bargain with the card rooms—if you provide jobs and taxes, we will not fund an appropriate regulatory environment, and you can open up a great many additional sources of revenue. I always was … Continue reading
Posted in California, Regulation
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Quo vadis, Steve?; Dan Gilbert’s new twist
Gaming Industry Daily Report Editor Alan Woinski has some interesting speculations about Steve Wynn‘s future and his big stock cash-out. “He will need the money considering he never received a golden parachute when he stepped down. He could have a lot … Continue reading
Feds scrutinize Pinnacle sale; Diamond Jacks gets prominent supporter
As the big continue to get bigger, Penn National Gaming is two steps closer to becoming a 20-state, 41-casino mammoth. West Virginia and Pennsylvania‘s regulatory bodies have signed off on its absorption of Pinnacle Entertainment. Penn, however, is not counting … Continue reading
Steve Wynn has left the building; Packer out, too
Wynn Resorts now has 100% less Steve Wynn now that the mogul has sold his entire stake in the company. At first blush this looks like a passive-aggressive lashing out at a firm that is now moving forward. However, Wynn … Continue reading
Steve, Elaine kiss, make up; Sooner State tribes to get tables
So Steve Wynn‘s downfall wasn’t the product of a massive, Elaine Wynn-led, female conspiracy after all? The mogul and his ex-wife have agreed to terms on their Wynn Resorts stock holdings. They have consented not to contest stock sales by … Continue reading
Posted in International, Massachusetts, Oklahoma, Politics, Regulation, Sports, Steven Witkoff, Tribal, West Virginia, Wynn Resorts
1 Comment
Policy change roils Atlantic City; Stratosphere scheduled for makeover
In what we can expect to be a trend rolled out nationwide, Caesars Entertainment is using its Atlantic City casinos to experiment with cutting back on waitresses. It’s not like we didn’t have fair warning of this: One of the … Continue reading
Posted in ACEP, Atlantic City, Churchill Downs, Dining, Golden Gaming, Harrah's, IGT, International, Internet gambling, Mandalay Bay Massacre, Marketing, Maryland, MGM Mirage, Mississippi, New York, Pennsylvania, Regulation, Scientific Games, Slot routes, Sports, Unite-Here, West Virginia
2 Comments
Sands Bethlehem (finally) sold; Stratosphere battered
Never underestimate the power of electronic bingo. It’s the capital derived therefrom that’s enabling the Poarch Band of Creek Indians to make a $1.3 billion purchase of Sands Bethlehem. The tribe is succeeding where Tropicana Entertainment and MGM Resorts International … Continue reading
Posted in Alabama, Florida, Foxwoods, Golden Gaming, International, Japan, Law enforcement, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, The Strip, Tribal, Tropicana Entertainment, Wall Street
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