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Category Archives: Regulation
Georgia on their minds; DFS regulation gathers speed
There’s a new suitor in the crowd of casino companies eager to extend their brands into Georgia: the Seminole Tribe. It wants to build a Hard Rock International casino in 2018, opposite Mercedes-Benz Stadium, where the Atlanta Falcons will play. Hard … Continue reading
Posted in Atlantic City, Boyd Gaming, Georgia, Hard Rock International, Illinois, Internet gambling, Minnesota, New York, Problem gambling, Regulation, Seminole Tribe, Taxes
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Straub has new plan for Revel; Station cans Cactus Lane casino
Glenn Straub can’t even heat Revel but he’s got his sights on becoming Atlantic City‘s biggest slumlord. The ever-unpredictable billionaire’s latest plan for the megaresort is to use it to house Syrian refugees. However, this homeless-hostel offer is good for … Continue reading
Posted in Atlantic City, Glenn Straub, Internet gambling, Michael Gaughan, Regulation, Reno, Revel, Sports, Station Casinos, Taxes, The Strip, Westgate LV
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Quote of the Day
“There’s no arguing with City Hall. There’s no arguing with the government. There’s only begging and lobbying and more begging.” — Melco Crown Entertainment Co-Chairman Lawrence Ho on doing business in Macao.
Posted in Lawrence Ho, Macau, Melco Crown Entertainment, Regulation
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Regulating DFS; So long, Harrah’s Tunica
Although he doesn’t think state government ought to “impede one’s enjoyment of fantasy sports,” New Jersey state Sen. James Whelan (D, right) thinks it’s time for the Garden State to regulate daily fantasy sports. In a letter to the Division of … Continue reading
Posted in Arkansas, Atlantic City, Dining, Harrah's, Internet gambling, Mississippi, Oklahoma, Politics, Regulation, Sports, Tribal
1 Comment
Caesars loses Ohio; Parking fees on the Strip?
In a lose-lose scenario, Caesars Entertainment is losing its management contracts at Horseshoe Cincinnati, Horseshoe Cleveland and Thistledown Racino. Even with the valuable Horseshoe brand, all three had been losing business in recent months. Caesars had long ago sold its … Continue reading
Murren: Mission to Massachusetts
Hot on the heels of announcing a REIT conversion of MGM Resorts International and a boffo 3Q15, CEO Jim Murren sped out to Massachusetts to calm the waters in Springfield, where MGM’s serial reductions of its casino plan have stirred … Continue reading
Posted in Architecture, Economy, Foxwoods, Internet gambling, Lake Tahoe, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Reno, Wall Street
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Quote of the Day
“If you go back to January 1 this year, everyone was still hopeful for a quick recovery and the fact the gaming industry was like this bulletproof industry – the idea you could throw grenades at it and it was … Continue reading
Posted in Lawrence Ho, Macau, Melco Crown Entertainment, Regulation
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Quote of the Day
“Nothing is a straight line up and weeding out corruption is an admirable thing for a government to do. Yes, in the short term it’s painful for us. But I believe the rise of the Chinese middle class is equal to … Continue reading
Posted in Economy, James Packer, Macau, Regulation
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Turmoil at Revel, Trump; DFS to try self-regulation
Atlantic City civic gadfly Glenn Straub is at it again. In addition to trying to wrest electrical power from Stockton University by way of the Showboat (Stockton is contesting the validity of the quid pro quo in court), he’s threatening to sue … Continue reading
Posted in Atlantic City, Baseball, Carl Icahn, Glenn Straub, Harrah's, Internet gambling, James Packer, Macau, Melco Crown Entertainment, Regulation, Trump Entertainment Resorts, TV
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Caesars: (Almost) everything must go; More angst in Macao
Well, it had to happen eventually. In order to escape bankruptcy, Caesars Entertainment is putting Caesars Entertainment Operating Co. on the market. There are some who are calling this a bluff and others who can’t afford to get in on … Continue reading
Posted in Atlantic City, Boyd Gaming, California, Economy, GLPI, Harrah's, Illinois, Indiana, International, Iowa, Lake Tahoe, Lawrence Ho, Louisiana, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Philippines, Regulation, Reno, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tribal, Wall Street
1 Comment
Illinois to act on DFS
Today, a bill is anticipated to be put in the hopper of the Illinois Legislature to regulate daily fantasy sports. The brainchild of Rep. Mike Zalewski (D), “it would create standards for auditing daily fantasy companies that want to do business … Continue reading
Posted in Dining, Illinois, Internet gambling, Politics, Regulation, Station Casinos, The Strip
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Japan: Keep moving, nothing to see here; Crisis at Studio City
Despite much chumming of the waters by Union Gaming Securities Asia‘s Grant Govertson, it’s the same old same-old in Japan, where casino legalization has been delayed yet again and probably should be under a news blackout until substantial progress is achieved. … Continue reading
Posted in Architecture, Election, Entertainment, Harrah's, International, Internet gambling, James Packer, Japan, Lawrence Ho, Macau, Melco Crown Entertainment, Mississippi, Pets, Politics, Regulation, Sheldon Adelson, Steve Wynn, Tourism, Wall Street
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Texas lottery gives guv Grief; The Incredible Shrinking Casino
Those cowpokes who run the Texas Lottery Commission have gotten a bit off the ranch. Of a proverbial fact-finding mission to the Delaware lottery, Executive Director Gary Grief said, “We were particularly interested to learn about your sports betting, Internet wagering … Continue reading
Posted in Delaware, Horseracing, International, Internet gambling, Massachusetts, MGM Mirage, Penn National, Racinos, Regulation, Texas
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Quote of the Day
“We have a belief our gaming license is a privilege and not a right. We have always been respectful of the Macao government’s desires. We were the pioneer of the integrated-resort business model. That’s what the government wants. We will continue … Continue reading
Posted in Macau, Regulation, Sheldon Adelson, Steve Wynn
1 Comment
Caesars: New wine in old bottle; The house that poker built
Starting Jan. 1 (What? No New Year’s Eve bookings?), guests at Caesars Palace will have the chance to stay in the new Julius Tower. Except that it’s not really new: It’s the old Roman Tower, given a dramatic, $75 million … Continue reading
Posted in Architecture, California, Economy, Genting, Harrah's, Macau, Regulation, Sheldon Adelson, Singapore, Steve Wynn, The Strip
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Adelson crashes MGM’s party; More trouble for DFS
Sheldon Adelson has a genius for sucking the air out of whatever room he enters. After MGM Resorts International laid the groundwork for a casino debate in Georgia, offering to invest $1 billion in an Atlanta pleasure palace, Adelson has … Continue reading
Posted in Boyd Gaming, Donald Trump, Economy, Election, Florida, Georgia, International, Internet gambling, Kansas, Macau, Maryland, MGM Mirage, Penn National, Politics, Regulation, Sheldon Adelson, Singapore, The Strip
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All’s well at Penn; Mulroy’s misdeed; Discomfort at Studio City
Penn National Gaming pleasantly surprised Wall Street, reporting third-quarter revenue of $739 million and $210 million in cash flow, exceeding projections by $8 million and $11 million, respectively. It paid out $109 million in rent to Gaming & Leisure Properties … Continue reading
Posted in California, Economy, Galaxy Entertainment, GLPI, Illinois, Lawrence Ho, Macau, Marketing, Massachusetts, Melco Crown Entertainment, MGM Mirage, Missouri, Ohio, Penn National, Regulation, Sports, Steve Wynn, The Strip, Tribal, Wall Street
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Pennsylvania edges toward ‘Net bets; The forbidden dance
There’s nothing like a budget crisis and a partial government shutdown to focus lawmakers’ minds on gaming expansion. That’s the case in Pennsylvania, where House Majority Leader Dave Reed (R, right) says, “We need to come to a conclusion on liquor … Continue reading
Posted in Election, Idaho, Pennsylvania, Politics, Regulation, Sheldon Adelson, Taxes, Tribal
1 Comment
Quote of the Day
“Probably the [New Jersey] in me, but this should not be allowed to happen. Makes regulators look like their [sic] tools of casinos.” — Global Gaming Business Editor Roger Gros on Pat Mulroy‘s sudden move from the Nevada Gaming Commission to … Continue reading
Posted in Regulation, Steve Wynn
1 Comment
Macao rebukes Wynn
Steve Wynn‘s criticism of Macao governmental policy toward casinos as “outrageous and ridiculous … the single most counterintuitive and irrational decision that was ever made” went over like a lead balloon in China. Casino executives, including Wynn Macau President Gamal Aziz, … Continue reading
Posted in Internet gambling, Macau, Massachusetts, Regulation, Sports, Steve Wynn, TV
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