Category Archives: Regulation

Quote of the Day

Posted on May 18, 2017 by David McKee

“We fully understand the central government’s concerns regarding capital flight. If it is perceived that money is being washed through Macao, it might lead to the tightening of visa restrictions. We need to clearly demonstrate to the central government that … Continue reading →

Posted in Galaxy Entertainment, Law enforcement, Macau, Regulation, Taxes | Comments Off on Quote of the Day

Solution in search of a problem; Trump causes Macao jitters

Posted on May 18, 2017 by David McKee

As it its civic duty, Plainridge Park racino pays into the local Community Mitigation Fund. Now it’s being ill-repaid by Norfolk District Attorney Michael Morrissey, who wants 75 dimes of CMF money to investigate crimes his office says are “stemming directly” … Continue reading →

Posted in Arizona, Donald Trump, Law enforcement, Macau, Massachusetts, MGM Mirage, Penn National, Politics, Regulation, Sheldon Adelson, Steve Wynn, The Strip, Tourism, Tribal, Wall Street | Comments Off on Solution in search of a problem; Trump causes Macao jitters

Packer bows out; Adelson puts moves on Brazil

Posted on May 12, 2017 by David McKee

There’s now 100% less “Crown” in Melco Crown Entertainment. Colorful casino baron James Packer has sold his share in the company for $1.2 billion. Reuters describes the move as “ending a fraught offshore expansion and freeing up cash for new … Continue reading →

Posted in Architecture, Atlantic City, Australia, Boyd Gaming, Harrah's, International, Internet gambling, Iowa, James Packer, Japan, Lawrence Ho, Melco Crown Entertainment, MGM Mirage, Mohegan Sun, Politics, Problem gambling, Regulation, Sheldon Adelson, Sports, Station Casinos, The Crown 18, The Strip, Wall Street | Comments Off on Packer bows out; Adelson puts moves on Brazil

Hard Rock takes Icahn to the cleaners

Posted on May 11, 2017 by David McKee

Well, now we know how much Hard Rock International paid for Trump Taj Mahal — and why Carl Icahn wanted to keep it a secret. The defunct casino changed hands for $50 million, well below the nine-figure sum Icahn was … Continue reading →

Posted in Atlantic City, Carl Icahn, Columbia Sussex, Donald Trump, Glenn Straub, Hard Rock International, MGM Mirage, Pennsylvania, Regulation, Revel, Sheldon Adelson, Tribal, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off on Hard Rock takes Icahn to the cleaners

Connecticut tribes go on attack; Adelson discovers 21st century

Posted on May 9, 2017 by David McKee

MGM Resorts International is getting hoist on its own petard in a new attack ad, which uses quotes cherry-picked from Massachusetts Casino Commission testimony to show CEO Jim Murren and President Bill Hornbuckle coveting the Connecticut customer base. Naturally, the Mashantucket Pequots … Continue reading →

Posted in Donald Trump, Foxwoods, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, New York, Regulation, Sheldon Adelson, Technology, Tribal, TV | Comments Off on Connecticut tribes go on attack; Adelson discovers 21st century

Quote of the Day

Posted on May 9, 2017 by David McKee

“We’re not necessarily in love with the conditions or the three-year test period. We don’t want to spend billions of dollars and find out in three years they’ve changed their mind and they’re not going to allow locals in. So we … Continue reading →

Posted in International, Regulation, Sheldon Adelson, Vietnam | Comments Off on Quote of the Day

Warming trend continues in Macao; Shifty dealings in Maine

Posted on May 2, 2017 by David McKee

Gaming revenues in Macao rose 16% in April, a result that Deutsche Bank analyst Carlo Santarelli deemed “modestly better than expected.” That’s damning with faint praise. JP Morgan analyst Joseph Greff also shrugged off the numbers as “about as expected.” … Continue reading →

Posted in California, Donald Trump, Downtown, Eldorado Resorts, Entertainment, Horseracing, International, Macau, Maine, Maryland, MGM Mirage, New York, PokerStars, Politics, Regulation, Tribal, TV, Wall Street | Comments Off on Warming trend continues in Macao; Shifty dealings in Maine

Paradise Park approved; Sweeping compromise in Florida

Posted on April 28, 2017 by David McKee

Wynn Paradise Park is finally a “go,” the Wynn Resorts board having given a downsized version of the resort its blessing, Construction of the 20-acre lagoon and accompanying convention center may begin before the year is out, perhaps as early … Continue reading →

Posted in Florida, Genting, Illinois, Internet gambling, Kansas, Macau, Pennsylvania, Politics, Problem gambling, Racinos, Regulation, Seminole Tribe, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tribal | 1 Comment

Conservatives diss Adelson; Penn loses court battle

Posted on April 21, 2017 by David McKee

If Attorney General Jeff Sessions goes ahead with a ban on Internet gambling, he could be in for a world of hurt. Never mind the states with online casinos. He’d be messing with the states that have online lotteries, a … Continue reading →

Posted in Charity, Donald Trump, Florida, Genting, Internet gambling, Iowa, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Taxes | 1 Comment

Big bounce in Louisiana; Poker and booze go better together

Posted on April 19, 2017 by David McKee

Compared with a flood-plagued March of 2015, business was booming  at Louisiana casinos, up 10%, especially Baton Rouge (+20.5%), although New Orleans was flat. JP Morgan analyst Joseph Greff is predicting less salubrious results in April, blaming the Easter Bunny, among … Continue reading →

Posted in Boyd Gaming, Churchill Downs, Economy, Eldorado Resorts, Foxwoods, Genting, GLPI, Harrah's, IGT, Internet gambling, Isle of Capri, Louisiana, Massachusetts, MGM Mirage, Mohegan Sun, Pinnacle Entertainment, Politics, Regulation, South Korea, Taxes, Tilman Fertitta, Tourism, Tribal, Tropicana Entertainment, Wall Street | Comments Off on Big bounce in Louisiana; Poker and booze go better together

Temporary relief for Illinois; CityCenter for sale?

Posted on April 7, 2017 by David McKee

As a huge gambling expansion works its way through the Legislature, casino owners in Illinois must feel like condemned men awaiting the execution. At any rate, it behooves them to gather roses while yet they may. Fortunately, gamblers felt like … Continue reading →

Posted in Boyd Gaming, California, CityCenter, GLPI, Harrah's, Illinois, Macau, MGM Mirage, Mississippi, Neil Bluhm, Penn National, Regulation, South Korea, Sports, Taxes, The Crown 18, Wall Street | 1 Comment

Trump keeps them guessing; Meet your new neighbor, Steve Wynn

Posted on April 4, 2017 by David McKee

Could the president of the United States build a Las Vegas casino? That’s regulatory terra incognito that Nevada regulators will have to explore as Phil Ruffin and Donald Trump continue with their plan to erect a Trump-branded casino next door … Continue reading →

Posted in Architecture, Donald Trump, Economy, Law enforcement, Massachusetts, MGM Mirage, Movies, New York, Phil Ruffin, Regulation, Riviera, Sports, Steve Wynn, The Mob, The Strip | Comments Off on Trump keeps them guessing; Meet your new neighbor, Steve Wynn

Cutting the Gordian Knot in Florida; New Hampshire tries yet again

Posted on April 3, 2017 by David McKee

Daily fantasy sports is expected to be legalized in Florida with little fuss. Resolving the casino-gambling impasse — that’s another story. Next week, a committee of the Legislature will try to reconcile two radically different bills. The state Senate one … Continue reading →

Posted in Florida, Japan, New Hampshire, Politics, Problem gambling, Regulation, Seminole Tribe, Singapore, Taxes, Technology, The Strip | Comments Off on Cutting the Gordian Knot in Florida; New Hampshire tries yet again

Shawn The Sham; Cal-Neva in limbo

Posted on March 31, 2017 by David McKee

“They got the signatures to put it on the ballot and they are going to be spending millions of dollars on advertising, probably six weeks prior to this Election Day in November, to convince people to vote for it. It … Continue reading →

Posted in Galaxy Entertainment, Harrah's, Horseracing, International, Japan, Maine, Nevada, North Dakota, Penn National, Politics, Regulation, South Korea, Technology | Comments Off on Shawn The Sham; Cal-Neva in limbo

Quote of the Day

Posted on March 20, 2017 by David McKee

“The greater impact would be the effect of completely changing the character of our south Mississippi community, as it would effectively open the floodgates to an indiscriminate proliferation of gaming sites to areas never contemplated or desired.” — Gulfport Mayor … Continue reading →

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

Pennsylvania: Land of confusion

Posted on March 15, 2017 by David McKee

When it comes to making gaming policy in Pennsylvania, handwringing Gov. Tom Wolf (D) is no help at all. He wants another $100 million in gaming revenue — but only if it doesn’t come at a cost to existing casinos … Continue reading →

Posted in Atlantic City, Detroit, Internet gambling, Kansas, North Dakota, Pennsylvania, PokerStars, Politics, Regulation, Tribal | Comments Off on Pennsylvania: Land of confusion

Quote of the Day

Posted on March 13, 2017 by David McKee

“As a player organization, the Poker Players Alliance takes consumer protections very seriously. I would argue that states like Nevada, New Jersey and Delaware have created a far more reasonable and effective approach to consumer protections than those who would simply … Continue reading →

Posted in Atlantic City, Delaware, Internet gambling, Nevada, Pennsylvania, Regulation | Comments Off on Quote of the Day

MGM tipped as Sands Bethlehem buyer

Posted on March 5, 2017 by David McKee

It’s definite: Las Vegas Sands is shopping Sands Bethlehem, no matter what Ron Reese tells you. Company executives visited Pennsylvania Gaming Control Board Commissioner Richard G. Jewell with the news, which he confirmed to the Allentown Morning Call. Corroboration came … Continue reading →

Posted in Carl Icahn, Georgia, Internet gambling, Maryland, Massachusetts, MGM Mirage, Movies, New York, Pennsylvania, Politics, Regulation, Sheldon Adelson, Slot routes, Tropicana Entertainment | Comments Off on MGM tipped as Sands Bethlehem buyer

Wayne Newton, Mr. Convention; Adelson covets Vietnam

Posted on March 1, 2017 by David McKee

If you doubted that the convention business is the new face of Las Vegas, it trotted out the pretty visage of Wayne Newton. The latter’s Casa de Shenandoah is promoting itself as the new place to hold your meeting, offering to … Continue reading →

Posted in Atlantic City, Economy, GLPI, Hard Rock International, Harrah's, Illinois, Japan, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, Penn National, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, South Korea, Technology, Tourism, Tropicana Entertainment, Vietnam, Wayne F. Newton | Comments Off on Wayne Newton, Mr. Convention; Adelson covets Vietnam

Ho taunts Adelson; Turnover at Wynn

Posted on February 23, 2017 by David McKee

Both Sheldon Adelson and Jim Murren have anted up $10 billion for a Japanese megaresort.  The fever is catching. Melco Crown International CEO Lawrence Ho went completely off his rocker and vowed to spend any amount whatsoever for a casino … Continue reading →

Posted in Architecture, International, Japan, Law enforcement, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Scientific Games, Sheldon Adelson, Steve Wynn, The Strip | 1 Comment