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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Regulation
Indiana struggles, Ohio flourishes
Customers visited 8% in Indiana and spent 4% less. There were some salutary results. Pinnacle Entertainment‘s Ameristar East Chicago was up 2% and Boyd Gaming‘s Blue Chip saw revenues rise 3%. It was a big month for the racinos, with … Continue reading
Posted in Ameristar, Boyd Gaming, Dining, Harrah's, Macau, Maryland, MTR Gaming, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Scientific Games, Shuffle Master, Tropicana Entertainment, Wall Street
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Quote of the Day
“Geronimo couldn’t go to court, but we can. Perhaps now we can finally receive the justice that’s been denied us for so long.” — Fort Sill Apache Tribal Chairman Jeff Haozous, on the tribe’s lawsuit against the National Indian Gaming Commission … Continue reading
Posted in Regulation, Tribal
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A gentleman and a scholar
There are some blog entries one would rather not write. This is one of those occasions. Gentlemanly attorney Robert Faiss, who literally wrote the book on casino regulation in Nevada, died yesterday at age 79. In in an irony he … Continue reading
Posted in history, Japan, MGM Mirage, Politics, Regulation
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May challenging for Iowa, disastrous for Illinois
At present, the Iowa Racing & Gaming Commission is mulling whether to put a casino in relatively isolated (see video) Jefferson. While they’re weighing that Wild Rose Entertainment project, here’s something else to ponder: The latest set of revenue numbers … Continue reading
Posted in Ameristar, Boyd Gaming, Current, Economy, Harrah's, Illinois, Iowa, Isle of Capri, MGM Mirage, Neil Bluhm, Penn National, Pinnacle Entertainment, Regulation, Slot routes
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May in Macao; Brave new slots
Given “softer than expected” numbers out of Macao, expect Wall Street analysts to dial down their expectations for the balance of the year. Gaming revenues rose ‘only’ 9% instead of the expected double digits and there was a surprise leader … Continue reading
Posted in Bally Technologies, Boulder Strip, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Technology, Wall Street
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Tilting the odds; The week of bad taste
Slot machines, we’re constantly being told, just aren’t on with the younger generation. Weaned on video games, millennials want something more skill-based. Insert Coins owner Christopher LaPorte aims to give them what they want. For the unfamiliar, Insert Coins is … Continue reading
Posted in Downtown, Election, Marketing, Regulation, Sam Nazarian, Technology
2 Comments
Casinos battle an ebb tide; Loveman rebuffed
Today marks the date that the casino industry officially became too large for the country to support, symbolized by the closing of Harrah’s Tunica. “There’s gambling everywhere. If you just want to gamble, you don’t have to go very far to do … Continue reading
Posted in Economy, Harrah's, Illinois, Massachusetts, Mississippi, Politics, Regulation
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Massachusetts: Pay the man; Robbing Peter to wager on Paul
If casino gambling is outlawed in a November referendum, MGM Resorts International and Wynn Resorts want their money back. After all, they’ll be out the $85 million application fee and that’s just for starters. They’d also like to be reimbursed … Continue reading
Posted in Delaware, Economy, Japan, Maryland, Massachusetts, MGM Mirage, New York, Ohio, Penn National, Pennsylvania, Regulation, Singapore, Steve Wynn
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Station’s waning clout; Off the rez with SCOTUS
Station Casinos‘ insistence on re-litigating the issue of slot parlors in Nevada seems to have finally driven some officials to the end of their patience. Assembly Majority Leader William Horne (D, right), the industry’s primary water carrier, tried to plump for a … Continue reading
Posted in Boyd Gaming, Election, history, Missouri, Politics, Regulation, Slot routes, Station Casinos, Tribal
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Penn, Cordish, Foxwoods all quit
Despite having missed — by several days — the deadline for getting their $1 million application fee refunded, Penn National Gaming and Cordish Gaming want their money back from New York State. Why? Because they have belatedly decided to scrap … Continue reading
Posted in Cordish Co., Florida, Foxwoods, Massachusetts, New York, Penn National, Regulation, Tribal
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Tug of war in Massachusetts; Lee ousted … again; Gilbert’s Greektown struggle
Each with a casino nearly in the bag, both MGM Resorts International and Wynn Resorts want some legislative concessions from Massachusetts. Mohegan Sun is standing pat. MGM and Wynn want their $85 million licensing fee and a number of related … Continue reading
Posted in Dan Gilbert, Dan Lee, Detroit, Downtown, Economy, Election, Massachusetts, MGM Mirage, Mohegan Sun, Ohio, Palms, Problem gambling, Regulation, Steve Wynn
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Internet gaming: More light than heat; Fieri in your face
“We are absolutely shocked by the slowness of the market.” Those are the words of 888.com CEO Brian Mattingley, with regard to Internet gambling in New Jersey. How slow is it? So much that 888 is shifting ad dollars from … Continue reading
Gunga Geoff; Massachusetts split
Some casino industry bigwigs continue to view Macao as a Chinese-flavored version of Las Vegas, an industry fallacy you would think had been outgrown. Take American Gaming Association President Geoff Freeman, who told a Macanese audience that their city needs … Continue reading
Posted in Election, Entertainment, Geoff Freeman, Macau, Massachusetts, Regulation, The Strip
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Freeman defeated; Caesars renders unto Maryland
In a stunning reversal — and a major victory for Sheldon Adelson — American Gaming Association President Geoff Freeman is ending the lobbying group’s support for Internet gambling. Freeman calls it “an issue that the association cannot lead on,” so the … Continue reading
Posted in Economy, Geoff Freeman, Harrah's, Internet gambling, Macau, Maryland, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Wall Street
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Cosmo: Now comes the hard part
Cosmopolitan of Las Vegas CEO John Unwin is crowing in triumph over Blackstone Real Estate Partners VII‘s staggeringly lavish purchase of the megaresort over which he presides. “This marks the beginning of the next chapter for The Cosmopolitan of Las Vegas … Continue reading
Shamelessness at Suffolk Downs
In a ludicrous reversal, the owners of Suffolk Downs offered to end horseracing at the track if the Massachusetts Gaming Commission would, pretty please with cream on top, give them a casino license. Up to that point, Suffolk Downs has … Continue reading
Posted in Atlantic City, Boyd Gaming, California, Cretins, Horseracing, Massachusetts, MGM Mirage, Mohegan Sun, Regulation, Vdara Death Ray, World Series of Poker
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Cosmo sold!
Deutsche Bank had to take a heckuva haircut but it finally rid itself of The Cosmopolitan Las Vegas for $1.7 billion and change. The buyer is private equity fund Blackstone Group, which paid a staggering 16.7X cash flow for this white … Continue reading
Posted in Cosmopolitan, Foxwoods, Massachusetts, Regulation, The Strip, Wall Street
3 Comments
Happy anniversary for Adelson; Penn’s legal woes
Smashed entrance doors, overburdened and broken escalators, and 40,000 customers … it was all in a day’s work when Sands Macao opened — can it really be 10 years ago next week? Time flies when you’re Sheldon Adelson. Although Stanley … Continue reading
Posted in Iowa, Japan, Macau, Massachusetts, Neil Bluhm, Penn National, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Taxes
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Wynn’s albatross; Culinary gets wrist slapped
Steve Wynn‘s Everett casino project is getting pinned down by fire from several directions. Boston City Attorney Thomas Frongillo argues that a sale to Wynn Resorts by FBT Everett Realty LLC should be voided because the latter concealed an ownership stake … Continue reading
Posted in Culinary Union, Environment, Harrah's, Indiana, Massachusetts, Mohegan Sun, Regulation, Steve Wynn
2 Comments
MGM National Harbor: Icon or overkill? You decide
MGM Resorts International‘s National Harbor project literally hasn’t gotten off the drawing board and yet it’s already stirring controversy. The beef mainly involves five oversized LED screens, the largest of which would be 60 by 100 feet. MGM has similar … Continue reading