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Category Archives: Regulation
Local is beautiful; Adelson loses partner
Motley Fool columnist Travis Hoium says investors are missing a good bet if they overlook Las Vegas locals operators to focus on the big Las Vegas Strip players. He cites Station Casinos, Boyd Gaming and Penn National Gaming (presumably for … Continue reading
Florida grilled over blackjack games; Caesars’ lucky streak continues
Things are looking grim for Florida Gov. Rick Scott‘s case against the Seminole Tribe. An attorney for the state was described as getting “shellacked” by U.S. District Judge Robert Hinkle. The latter zeroed in on the state’s “designated player games” … Continue reading
Posted in Florida, Galaxy Entertainment, Harrah's, IGT, International, Internet gambling, Isle of Capri, Massachusetts, Philippines, Problem gambling, Racinos, Regulation, Seminole Tribe, Stanley Ho, Technology, Tribal, Wall Street
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What is “good faith”?; Landslide shaping up in New Jersey
Who broke the compact between the State of Florida and the Seminole Tribe? That question is at the nub of a bench trial over the Seminoles’ disputed blackjack games. A win for Gov. Rick Scott (R) could be Pyrrhic, costing … Continue reading
Posted in Atlantic City, Delaware, Election, Florida, Galaxy Entertainment, Genting, Hard Rock International, International, Internet gambling, Macau, Melco Crown Entertainment, Nevada, Racinos, Regulation, Seminole Tribe, Sheldon Adelson, The Mob, Tribal
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Trump: The art of losing (money); Daylight in Macao
Being the most inept casino developer in American history (four bankruptcies speak for themselves) has its advantages. The red ink hemorrhaged by Donald Trump‘s Atlantic City casinos spilled over onto his 1995 income-tax form, enabling the mogul to record a … Continue reading
Posted in Atlantic City, Donald Trump, Harrah's, Macau, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Tilman Fertitta, Wall Street
3 Comments
GameCo hearts the Boardwalk; Internet gambling fails in Pennsylvania
GameCo CEO Blaine Graboyes promised that his company’s first skill-based slots would be rolled out in Atlantic City … and he was as good as his word. While the eyes of the industry were on Las Vegas for Global Gaming … Continue reading
Posted in Atlantic City, Downtown, Foxwoods, G2E, Harrah's, Internet gambling, Mohegan Sun, Nevada, New York, Pennsylvania, Politics, Regulation, Technology
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Adelson expands; Caesars sweetens the pot
Las Vegas Sands never did get around to building that historical museum it promised Bethlehem, Pennsylvania, and it finished its hotel in quick-and-dirty (and fugly) fashion. But that doesn’t mean that Sands is still clinging to CEO Sheldon Adelson‘s pronouncement … Continue reading
Posted in Culinary Union, Donald Trump, Downtown, Economy, Harrah's, Pennsylvania, Regulation, Sheldon Adelson, Sports, Technology, Wall Street
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Round One to Adelson; Berman honored; Atlantic City winning in polls
Sands China has been getting mad props for its handling of the Parisian rollout last week. Compared to Wynn Palace‘s “passive” approach to the market (and despite a hailstorm of upbeat verbiage from Steve Wynn), analyst Christopher Jones wrote, “The awareness … Continue reading
Revel becomes Ten; Bluhm enters Atlantic City market
As we enter the waning months of 2016, Glenn Straub has decided to wait until next year to reopen Revel. He also announced its long-awaited new name: Ten (actually it’s “TEN” but we don’t go for that all-caps tomfoolery at … Continue reading
Arkansas casino proposal hotly contested; Straub gains support
Although a ballot initiative to legalize casinos in three Arkansas counties could draw some gambling dollars away from Oklahoma, that hasn’t stopped a Sooner State tribe from supporting it. Cherokee Nation Businesses has ponied up $400,000 to support the ballot … Continue reading
Posted in Arkansas, Atlantic City, Glenn Straub, Horseracing, Internet gambling, Iowa, Missouri, Oklahoma, Pennsylvania, Politics, Racinos, Regulation, Revel, Tribal
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Shady dealing in Massachusetts; Caesars mediation breaks down
Shadowy casino speculator Eugene McCain is trying to make his coveted Revere slot a fait accompli by having a special election held prior to November in which local voters would express their ‘yea’ or ‘nay’ before statewide voters weigh in … Continue reading
Glenn Straub flakes out; Adelson woos South Korea
Glenn Straub‘s reputation for mercurial behavior was reinforced last week when he blew his stack before the Casino Reinvestment Development Authority. What was the flashpoint? The CRDA wanted Straub to come up with a new landscaping plan for Revel, in … Continue reading
Galaxy cautious on Macao; No smoking in Mesquite?
One swallow doesn’t make a spring and, if you’re Galaxy Entertainment CEO Lui Che-Woo, one month of 1% growth in gambling revenue doesn’t constitute a recovery in Macao: “Give me two more years to see if there’s a recovery here.” Now … Continue reading
Posted in Arizona, Atlantic City, California, Donald Trump, Economy, Environment, Galaxy Entertainment, Illinois, Louisiana, Macau, Marketing, Mesquite, MGM Mirage, Regulation, Sheldon Adelson, The Mob, Tribal
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Boulder Station goes union; Neon Museum sets records
Having finally bowed to management’s stipulation of a secret ballot election, as opposed to a card check, the Culinary Union can belatedly claim a victory in its long-running war with Station Casinos. Employees at Boulder Station, under the oversight of … Continue reading
Freeman’s crusade; Gilbert struggles in Ohio
To describe the new-look American Gaming Association as “activist” would be an understatement of some magnitude. President Geoff Freeman has put the pedal to the metal in his quest for legalized sports betting. Today, Freeman mounted his bully pulpit in … Continue reading
Rough justice for Adelson; Horseshoe Baltimore gains strength
In the end, the Macao government was scarcely more generous with Sheldon Adelson than it had been with Steve Wynn. Adelson’s Parisian Macao will open with 100 table games, get another 25 on New Year’s Day and 25 more a … Continue reading
Posted in Animals, Cordish Co., Genting, Harrah's, Macau, Maryland, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Taxes, The Strip, Tourism
1 Comment
Straub resurfaces; Last casino to Clarksville
In case you’re wondering, “Whatever happened to Glenn Straub?”, the answer is that he’s finally been dragged, kicking and screaming, into applying for a New Jersey gaming license for Revel and is finalizing the paperwork. Huffington Post also reveals than … Continue reading
Posted in Arkansas, Atlantic City, California, Election, Environment, Foxwoods, G2E, Glenn Straub, Internet gambling, Macau, MGM Mirage, Mohegan Sun, Oklahoma, PokerStars, Politics, Regulation, Revel, Texas, Tribal
1 Comment
Win for Wynn; Russia’s Donald Trump
So maybe Wynn Palace made a difference, after all. Macao gambling revenue, which analysts expected to be anywhere from 1% up to 3% down last month, actually grew 1%. (Kudos to those analysts who bet the house would win.) With Sands … Continue reading
Posted in Animals, California, Donald Trump, Florida, Galaxy Entertainment, Harrah's, IGT, International, Japan, Law enforcement, Lawrence Ho, Macau, Melco Crown Entertainment, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Technology, Tribal
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Case Bets: Aria, Atlantic City, etc.
Inside Aria‘s “eye in the sky” … and also probably the last time you’ll see a player in a tuxedo on a Las Vegas casino floor. * After eight long years — and without including Internet revenue — all eight Atlantic … Continue reading
Posted in Atlantic City, CityCenter, Economy, Election, Internet gambling, Macau, MGM Mirage, New York, Oklahoma, Regulation, Technology, The Strip, Tropicana Entertainment
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Packer in a pickle?; Adelson speaks, R-J listens; Big casino sale in Philippines
We haven’t been able to confirm for certain whether or not James Packer‘s latest attempt to conquer Las Vegas, the casino-resort Alon, is definitely kaput. It definitely hasn’t evolved beyond some exquisitely vague, bare-bones documents filed with Clark County. However, we … Continue reading
Posted in Australia, Environment, International, Internet gambling, Iowa, James Packer, MGM Mirage, Mississippi, Philippines, Problem gambling, Regulation, Sheldon Adelson, Sports, Taxes, The Strip, Tilman Fertitta, Tribal
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New ally for Mashpee; Adelson: My way or the highway
In the latest twist of the Project First Light saga, the Justice Department has interceded on behalf of the Mashpee Wampanoag. It has asked a federal judge to revisit his ruling that the Mashpee lacked standing and that the Interior … Continue reading
Posted in Donald Trump, Downtown, Environment, Galaxy Entertainment, Harrah's, history, Internet gambling, Macau, Massachusetts, MGM Mirage, Oklahoma, Regulation, Sheldon Adelson, Sports, Station Casinos, Taxes, Tribal
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