Category Archives: Regulation

Boffo May in Vegas; The power of convenience

Posted on June 27, 2014 by David McKee

Wall Street was pleasantly surprised by May’s gambling numbers from Nevada and especially the Las Vegas Strip, which was up 17%. Statewide, revenues rose 8%, reflecting the dilutive effect of an 8% decline in locals gaming revenue. A 3% dip … Continue reading →

Posted in Boulder Strip, Downtown, Economy, Election, Hard Rock International, Harrah's, Illinois, Laughlin, Massachusetts, MGM Mirage, Mohegan Sun, North Las Vegas, Ohio, Penn National, Problem gambling, Racinos, Regulation, Slot routes, The Strip, Wall Street | 3 Comments

So long, Showboat

Posted on June 27, 2014 by David McKee

Normally, when a federally mandated WARN Act notice goes out to casino employees, executives downplay as a mere formality. Not so for Showboat Atlantic City where theoretical closure became actual shutdown in less than 24 hours. Despite having recently posted … Continue reading →

Posted in Atlantic City, Harrah's, Japan, Massachusetts, New York, Regulation, Revel, Taxes | 1 Comment

Sticky moment in Macao; Debt? What debt?

Posted on June 26, 2014 by David McKee

Macao continues to be a large blessing and a small curse upon the U.S. casino industry. Earlier this month, the Internal Revenue Service acknowledged ramped-up scrutiny of the enclave, where money laundering is a persistent fear — especially in Washington, … Continue reading →

Posted in Harrah's, Japan, Macau, Regulation, Sheldon Adelson, Wall Street | Comments Off on Sticky moment in Macao; Debt? What debt?

The ultimate irony; No luck for Argosy; Borgata lawsuit tossed

Posted on June 26, 2014 by David McKee

States have, one after another, approved casino gambling to help prop up their own finances. Now, with crushing irony, Delaware is going from being subsidized by racinos to subsidizing them. Gov. Jack Markell (D) still can’t drum up the support … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Delaware, Harrah's, Iowa, Maryland, Penn National, Racinos, Regulation, Taxes | 2 Comments

Massachusetts: The morning after

Posted on June 25, 2014 by David McKee

Although Wynn Resorts is keeping mum on this week’s Massachusetts Supreme Judicial Court ruling, others are not taking it lying down. Faced with a do-or-die referendum on casino gambling in the Bay State, MGM Resorts International promised it was “fully … Continue reading →

Posted in Atlantic City, Election, Geoff Freeman, Harrah's, Internet gambling, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, PokerStars, Politics, Regulation, Sports, Steve Wynn | Comments Off on Massachusetts: The morning after

Case Bets

Posted on June 25, 2014 by David McKee

Look what they found. Legislators in Delaware have “found” money to aid the state’s ailing racinos and, surprisingly, no sofa cushions were involved. $10 million will be used to help reduce the racinos’ costs to slot machine vendors by 75%. … Continue reading →

Posted in Delaware, Harrah's, history, Louisiana, Maryland, MGM Mirage, Racinos, Regulation, Taxes | Comments Off on Case Bets

The great horse robbery

Posted on June 25, 2014 by David McKee

Pennsylvania‘s horse tracks are on the brink, not from the usual reason — bad business — but due to state malfeasance. According to the State Racing Fund, it’s been sucked dry by the Department of Agriculture, including undocumented personnel costs. … Continue reading →

Posted in Horseracing, Pennsylvania, Regulation | Comments Off on The great horse robbery

Mississippi bogged down; How much for Revel?

Posted on June 24, 2014 by David McKee

Still further evidence of gaming saturation comes from the Bayou State, where revenues have declined in 21 of the last 23 months — an Atlantic City-like declivity. Last month, the last full month of operations for Harrah’s Tunica, statewide revenues … Continue reading →

Posted in Atlantic City, Economy, Hard Rock International, Maryland, MTR Gaming, Ohio, Penn National, Racinos, Regulation, Revel, West Virginia | Comments Off on Mississippi bogged down; How much for Revel?

New York, worker’s paradise; Tough call in Iowa

Posted on June 23, 2014 by David McKee

Casino workers in New York really can be assured of good-paying jobs. According figures released by the New York Hotel & Trades Council, a starting salary of $40,000 is quite plausible. Resorts World New York employees landed a contract last … Continue reading →

Posted in Economy, Genting, Iowa, New York, Penn National, Racinos, Regulation | Comments Off on New York, worker’s paradise; Tough call in Iowa

Gentlemen, grab your joysticks; Massachusetts: Another day, another poll

Posted on June 20, 2014 by David McKee

Video-game/slot hybrids have been licensed by the Nevada Gaming Commission and will be on display for your entertainment at the next Global Gaming Expo. The lucky winner was Gamblit Gaming, which is owned by American Capital by way of Hard … Continue reading →

Posted in Election, G2E, Hard Rock International, Harrah's, Internet gambling, Massachusetts, New York, Regulation, Technology, Uncategorized | Comments Off on Gentlemen, grab your joysticks; Massachusetts: Another day, another poll

Bernhard: Time to get out; Kabuki theater in Japan

Posted on June 19, 2014 by David McKee

After 13 years chairing the Nevada Gaming Commission, it’s quitting time for Pete Bernhard, who’s leaving 10 months before his term expires. Wasting no time, Gov. Brian Sandoval named Dr. Tony Alamo Jr. to fill Bernhard’s chair and Pat Mulroy … Continue reading →

Posted in Atlantic City, Boyd Gaming, Harrah's, Internet gambling, Japan, Politics, Regulation, Station Casinos | Comments Off on Bernhard: Time to get out; Kabuki theater in Japan

Quote of the Day

Posted on June 17, 2014 by David McKee

“It amazes me that they keep pushing, but you’re always going to have investors that want more casinos and the government people will say hurray, hurray more tax money. They’re going to drain the local economy.” — UNLV professor of … Continue reading →

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

Japan: Promises, promises; Double-standard in Iowa

Posted on June 13, 2014 by David McKee

Democratic Party lawmaker Yosuke Kondo has casino-legalization in Japan legislation wrapped around his pinkie like a piece of string. Prime Minister Shinzo Abe may favor enabling legislation but right now Kondo holds the trump card. The bill is in a … Continue reading →

Posted in Economy, Election, Iowa, Japan, Politics, Regulation | Comments Off on Japan: Promises, promises; Double-standard in Iowa

Restarting the clock in Massachusetts; Atlantic City, international destination?

Posted on June 13, 2014 by David McKee

It looks like it’s back to Square One for Massachusetts‘ southeastern region. No host community agreements have been executed. No referendums have been held (with a mid-July deadline looming). And, although the cutoff date has passed, new candidates want to … Continue reading →

Posted in Atlantic City, Foxwoods, Harrah's, International, Massachusetts, Ohio, Regulation, Tourism, Transportation, Tribal | 1 Comment

Salvation for PokerStars?; Bonanza in Springfield

Posted on June 13, 2014 by David McKee

Despite no longer having any beef with the federal government, PokerStars remains behind the 8-ball in the U.S. of A. Regulators in New Jersey frowned on its attempt to affiliate with Atlantic City casinos and it’s banned from Nevada under … Continue reading →

Posted in Atlantic City, Cosmopolitan, Internet gambling, Massachusetts, MGM Mirage, Regulation, Wall Street | Comments Off on Salvation for PokerStars?; Bonanza in Springfield

Flip-floppery in Iowa; Affleck banned again?

Posted on June 12, 2014 by David McKee

Barring an emergency injunction, Belle of Sioux City is doomed to shut down on July 1, a federal bankruptcy judge having been deaf to Penn National Gaming‘s pleas. Penn is arguing that the Iowa Racing & Gaming Commission overstepped its authority … Continue reading →

Posted in Detroit, Dining, Downtown, Economy, Harrah's, Iowa, Penn National, Regulation, Steve Wynn, Technology, Warner Gaming | Comments Off on Flip-floppery in Iowa; Affleck banned again?

Adelson: Another one bites the dust

Posted on June 12, 2014 by David McKee

If Sheldon Adelson wants to protect America from underage gambling, he might start at his Sands Bethlehem casino. The casino has racked up $305,000 in fines in five years. Six incidents this year have incited the latest fine: $85,000. Casino … Continue reading →

Posted in Atlantic City, Boyd Gaming, Detroit, Economy, Election, International, Internet gambling, Neil Bluhm, Pennsylvania, Politics, Regulation, Sheldon Adelson, Tribal | Comments Off on Adelson: Another one bites the dust

Making MGM Springfield happen; Dinner with Isaacs

Posted on June 12, 2014 by David McKee

MGM Springfield is shaping up as the most architecturally interesting casino project not only in Massachusetts but the nation as a whole, a charming mix of the new and the old. The company had been planning a few nods to … Continue reading →

Posted in Architecture, Detroit, Dubai, history, International, Massachusetts, MGM Mirage, Regulation, Scientific Games, Shuffle Master, Wall Street | Comments Off on Making MGM Springfield happen; Dinner with Isaacs

Adelson: Who asked you?

Posted on June 11, 2014 by David McKee

Sheldon Adelson is fast becoming the #1 buttinski in American politics. He’s not from Florida and doesn’t do business there but that hasn’t stopped him from meddling the state’s electoral process. He’s been seeding an astroturf movement to defeat the … Continue reading →

Posted in Atlantic City, Boyd Gaming, Election, Florida, Harrah's, Massachusetts, MGM Mirage, Regulation, Sheldon Adelson, Tropicana Entertainment, Trump Entertainment Resorts | Comments Off on Adelson: Who asked you?

Big vote on Boardwalk; Horsey antics in Texas

Posted on June 10, 2014 by David McKee

“It’s going to be a very complicated and difficult negotiation.” So admits Unite-Here President Robert McDevitt of the mid-September scrum when all the casino collective bargaining agreements come up for renewal. McDevitt’s still tasting victory from last week’s vote at … Continue reading →

Posted in Atlantic City, Boyd Gaming, Donald Trump, Horseracing, Kentucky, MGM Mirage, Racinos, Regulation, Revel, Technology, Texas | Comments Off on Big vote on Boardwalk; Horsey antics in Texas