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Category Archives: Regulation
Palms: “It’s going down”
That’s what Lt. Castillo (the one, the only, the awesomeness that is Edward James Olmos) would say of the situation at Palms Casino Resort, which has spent the Joseph Magliarditi administration spiraling into disrepute. (Trouble at a Magliarditi-run casino? Shocking!) … Continue reading
Posted in Current, Environment, Palms, Regulation, The Strip, TV, Wall Street
1 Comment
Massachusetts … and then there were 11; End of the Colony Capital era?
“[W]ell-connected developer” — but so not well financed — David Nunes (below) just got his casino-application fee across the transom, meaning that there are 11 contestants vying for two casino licenses and a slot parlor in Massachusetts. A couple of … Continue reading
Margaret Elardi … still here; One bullet dodged, another incoming
To hear the Los Angeles Times tell it, Margaret Elardi — crusty, superannuated, former owner of the Frontier — has called it a day over at Casino Royale. Now redubbed “Best Western Plus Casino Royale,” the small-but-splashy casino has a … Continue reading
Posted in Dan Gilbert, Economy, Massachusetts, Regulation, The Strip
6 Comments
Trouble for riverboat gambling?
Sorry to sound apocalyptic, especially since we just dodged that Mayan Calendar bullet. However, a brand-new Supreme Court ruling is sure to get the attention of every company that owns a riverboat casino. By a 7-2 margin, the high court … Continue reading
Posted in Current, Florida, Mississippi, Missouri, Pinnacle Entertainment, Regulation, Taxes
2 Comments
Palms cops a plea
It’ll cost the Palms a cool $1 million and change to make problems with the Nevada Gaming Control Board go away quietly … unless the Nevada Gaming Commission decides a still-higher penalty should be exacted. (Unlikely, but possible.) According to … Continue reading
Posted in Current, Entertainment, George Maloof, Regulation, Wall Street
2 Comments
Hollywood, we have a problem; The Marrandino mystery
Ohio casinos had a below-average December, although the blow was softened by table hold of — YEOW! — 23%. That’s borderline-astronomical compared to Las Vegas averages for 2004-2011 period. It’ll help make up for slot revenues that suggest, with six … Continue reading
Posted in Atlantic City, Boyd Gaming, Cordish Co., Current, Dan Gilbert, Economy, Harrah's, Horseracing, Maryland, MTR Gaming, Ohio, Penn National, Racinos, Regulation, Wall Street
3 Comments
Pinnacle makes pricey Atlantic City exit; Fertitta’s Downtown mess
A Wall Street Journal story from yesterday evening reports that Pinnacle Entertainment has found a buyer for its 19 acres of Boardwalk land. These were cobbled together at huge cost — $270 million or $14 million an acre — by … Continue reading
MGM Cotai clears final barrier; devil in the Maryland details
Although the government of Macao enjoys nothing better than to make casino owners wait and fidget for their land leases to be “gazetted,” today is MGM Resorts International‘s lucky day. MGM China received final approval for its Cotai Strip megaresort. … Continue reading
Posted in Boyd Gaming, California, Current, Macau, Marketing, Maryland, Melco Crown Entertainment, MGM Mirage, Penn National, Politics, Regulation, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Tourism, Transportation, Tribal, TV, Wall Street
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Revel: Slow learning curve ahead; Sheldon spanked in Singapore
By the time Revel CEO Kevin DeSanctis realizes he’s made a mistake, he’s almost always past the point of no return. Although it is my deeply rooted opinion that smoking is a noxious, disgusting habit that invades other people’s space, … Continue reading
Posted in Atlantic City, Cordish Co., Current, Economy, Environment, Genting, International, Maine, Marketing, Maryland, Penn National, Problem gambling, Racinos, Regulation, Revel, Sheldon Adelson, Singapore, Wall Street
Comments Off on Revel: Slow learning curve ahead; Sheldon spanked in Singapore
Blood on the Boardwalk: Marrandino out
You can practically hear the wind whistling through the corridors of power as top execs continue to jump — or are flung — from the sinking Caesars Entertainment ship. First, CFO Jonathan Halkyard up and quits, in favor of the … Continue reading
Posted in Atlantic City, CityCenter, Current, Florida, Harrah's, Maryland, Massachusetts, MGM Mirage, Regulation, Revel, The Strip
7 Comments
PNK piquing little interest; B.S. walks
‘Twas the day after Christmas and all through the house, shareholders were beginning to cool on the value of Ameristar Casinos stock. It closed ever so slightly down from Pinnacle Entertainment‘s $26.50/share offer price. Perhaps I was wrong and $869 … Continue reading
Pinnacle punks Penn, swipes Ameristar
We’ve learned two important things today. One, that the Mayan calendar is not the most reliable predictor of events. Two, that Ameristar Casinos‘ on-again/off-again talk about putting itself up for sale was back in “on” mode. Before hardly anybody got … Continue reading
Posted in Ameristar, Atlantic City, Boyd Gaming, Columbia Sussex, Cordish Co., Current, Dan Lee, Economy, Election, Goldman Sachs, Harrah's, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Texas, Wall Street
1 Comment
Dark days at the Plaza
Last week’s abrupt cessation of three shows at the Plaza sent gloom and presages of doom through the theatrical community over the weekend. Lichtenstein-based Tamares Group was rumored to be pulling the plug on Best Little Whorehouse in Texas, Bite … Continue reading
Posted in Alex Yemenidjian, Current, Downtown, Economy, Entertainment, Planet Hollywood, Regulation, Tamares Group
Comments Off on Dark days at the Plaza
Drugs? Hookers? In our fair city?; It’s Vegaski, Comrade!
If your casino or club employs CLS Transportation, today would be a good day to call in sick and take the phone off the hook. Seems the limo fleet of CLS was taking Las Vegas visitors for a ride, running … Continue reading
Posted in Current, Harrah's, International, Regulation, Sheldon Adelson, The Mob, The Strip, Tourism
1 Comment
Wynn comes (back) to Massachusetts; Revel’s rattling tin cup
Despite several months of doom-and-gloom economic predictions from Steve Wynn, the mogul has decided to “buy American” again, not only returning to the site of previous skirmishes (Philadelphia) but also taking a second run at Massachusetts. S&G was no fan … Continue reading
Posted in Ameristar, Atlantic City, Cannery Casino Resorts, Current, Economy, Election, Environment, Harrah's, Marketing, Massachusetts, Neil Bluhm, Pennsylvania, Politics, Racinos, Regulation, Revel, Steve Wynn, Tourism, Tribal, Wall Street
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Springfield: Ameristar pulls the chicken switch
In an even more surprising development than Steve Wynn getting voted out of Foxborough, the seemingly leading contender for a western Massachusetts casino abruptly withdrew from the fray last Friday night. In a stunning abdication, Ameristar Casinos CEO Gordon Kanofsky … Continue reading
Posted in Ameristar, Current, Marketing, Maryland, Massachusetts, MGM Mirage, Penn National, Regulation, Sheldon Adelson, Steve Wynn, Tribal, Wall Street
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The bigger-than-ever loser; Shania’s rump rocks Vegas
If Sheldon Adelson played the ponies as he does politics, he’d enter a Shetland in the Kentucky Derby and put all his money on it to win. What could be better than knowing the Las Vegas Sands CEO blew $100 … Continue reading
Posted in Cirque du Soleil, Current, Downtown, Election, Entertainment, Harrah's, Macau, Regulation, Sheldon Adelson, Tamares Group, The Strip
1 Comment
Capitol Hill and Internet poker: Too little, too late (as usual)
Despite support from an unlikely coalition that includes the American Gaming Association, the National Fraternal Order of Police and the National Association of Convenience Stores, federal legalization of Internet poker seems no closer in the 2012 lame duck session of … Continue reading
Posted in Boyd Gaming, Current, Harry Reid, International, Internet gambling, MGM Mirage, Politics, Regulation
3 Comments
Lou Lang up to old tricks; Dog-and-pony show at Sahara
For months, state Rep. Lou Lang (D-Skokie), has been threatening to push an enormous gambling expansion through the Illinois Legislature during its lame-duck session. He says he’s “getting very close” but we’ve heard that kind of braying from Lang previously. … Continue reading
