Category Archives: Regulation

Sheldon Adelson, quitter; A Grand goof

Posted on May 22, 2012 by David McKee

This just in: It was pretty clear that Sheldon Adelson was cool toward his home state of Massachusetts and he officially called it quits today. His excuse? Three casinos and a slot parlor will “dilute the market.” In other words, … Continue reading →

Posted in Architecture, Current, Florida, Genting, Harrah's, Macau, Massachusetts, MGM Mirage, New York, Problem gambling, Regulation, Sheldon Adelson, Stanley Ho, The Strip | 5 Comments

Internet gambling: It’s here, deal with it; Another delay in Massachusetts

Posted on May 16, 2012 by David McKee

It’s ironic that Sheldon Adelson is expending so much lungpower and cash to try and block federal legitimization of Internet poker and possibly other games. Washington has been left in the dust by individual states and, if it did try … Continue reading →

Posted in Baseball, California, CityCenter, Harrah's, Horseracing, Illinois, International, Internet gambling, Massachusetts, MGM Mirage, Politics, Racinos, Regulation, Shuffle Master, Slot routes, Taxes, Technology, Tribal | 2 Comments

Quote of the Day

Posted on May 16, 2012 by David McKee

“I suppose there is something to be said for losing money without the inconvenience of leaving town, but that’s usually called property tax or alimony.” — pollster Peter Woolley on New Jersey citizens’ overwhelming support for sports betting. It’s symbolically … Continue reading →

Posted in Atlantic City, Regulation, Sports | Comments Off on Quote of the Day

Canada to Caesars: “Bonehead!”; What’s (hidden) in a logo?

Posted on May 14, 2012 by David McKee

You can’t ask for a better diagnosis of what might be loosely called Caesars Entertainment‘s business plan than this anonymous comment from a Las Vegas Review-Journal reader: “Right now, their strategy for getting out of the hole appears to be … Continue reading →

Posted in Economy, Harrah's, history, Horseracing, International, Marketing, MGM Mirage, Ohio, Penn National, Racinos, Regulation, Sheldon Adelson, The Strip | 3 Comments

Revel: Can’t drive 55?; Another setback in Massachusetts

Posted on May 10, 2012 by David McKee

Revel, the new, $2.4 billion casino on the Boardwalk has been conducting a sort of “stealth opening,” conducting a two-month-plus dry run. Along with the stealth opening come what you might call “stealth revenues”: $13 million-plus in its first full … Continue reading →

Posted in Atlantic City, Boyd Gaming, Colony Capital, Current, Donald Trump, Economy, Florida, Harrah's, Horseracing, Illinois, Massachusetts, Racinos, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Technology, Tilman Fertitta, Tourism, Tropicana Entertainment | 1 Comment

Massachusetts: Now *this* is interesting; Bluhm’s shameless hypocrisy; Casino John

Posted on May 9, 2012 by David McKee

In an attempt to shave a few months off their casino-approval timeline, the Massachusetts Gaming Commission is going to put the horse before the cart. (I guess you’d call it a “Massachusetts Miracle.”) Potential operators’ fiscal and ethical probity will … Continue reading →

Posted in Ameristar, Atlantic City, Current, Don Barden, Donald Trump, Economy, Harrah's, Horseracing, International, Iowa, Kansas, Macau, Massachusetts, MGM Mirage, Neil Bluhm, New York, Ohio, Pansy Ho, Penn National, Pennsylvania, Politics, Racinos, Regulation, Singapore, Taxes, Tribal | 1 Comment

Beaten in Beantown: Steve Wynn calls it quits

Posted on May 8, 2012 by David McKee

Just like that, another Las Vegas casino heavyweight has hit the canvas in Massachusetts. Election results in Foxborough spelled doom for Steve Wynn‘s proposed resort (below) and neither he nor New England Patriots owner Robert Kraft wasted any time throwing … Continue reading →

Posted in Current, Election, Harrah's, Massachusetts, MGM Mirage, Pennsylvania, Racinos, Regulation, Sports, Steve Wynn, Tribal | 3 Comments

St. Louis: Penn in, Harrah’s out

Posted on May 8, 2012 by David McKee

A ways back, the news broke that Caesars Entertainment — being well and truly on its uppers — was trying to shop as many as 10 Southern and Midwest casinos. The goal was to raise at least $500 million to … Continue reading →

Posted in Ameristar, Atlantic City, Current, Election, Florida, Harrah's, Illinois, International, Iowa, Marketing, Maryland, Massachusetts, MGM Mirage, Mississippi, Missouri, Ohio, Penn National, Pinnacle Entertainment, Politics, Racinos, Regulation, Steve Wynn, Taxes, The Strip, Tribal, Wall Street | 4 Comments

Quote of the Day

Posted on May 4, 2012 by David McKee

“The delicatessen down the street is going to go out of business. The nightclub around the corner is going to go out of business. Don’t have any illusions about that.” — former New Jersey Casino Control Commission Chairman Steven Perskie, … Continue reading →

Posted in Atlantic City, Economy, Massachusetts, Regulation | Comments Off on Quote of the Day

People’s Republic of Steve; Sahara Sam’s big score

Posted on May 3, 2012 by David McKee

Although I was only joking when I suggested that Steve Wynn‘s long-sought Cotai Strip land grant would come in on May Day, some Communist Party bureaucrat wasn’t. After many false alarms, the 51 acres were finally ‘gazetted’ on May 1. … Continue reading →

Posted in Alex Yemenidjian, Architecture, Boyd Gaming, CityCenter, Current, Dining, Economy, Encore, Fontainebleau, Harry Reid, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Sahara, Sheldon Adelson, Stanley Ho, Steve Wynn, The Strip, Tourism, Wall Street | 2 Comments

New York State of mind; Atlantic City peace of mind; O’Shea’s, a piece of …

Posted on April 30, 2012 by David McKee

If the question of casino expansion were put to Empire State voters this November, the outcome would probably be adverse. That’s the conclusion of a Benenson Group survey. If the fact that Benenson is President Barack Obama‘s pollster of preference … Continue reading →

Posted in Election, Entertainment, Genting, Harrah's, Internet gambling, MGM Mirage, Midnight Jim Gibbons, New York, Politics, Racinos, Regulation, Sheldon Adelson, Taxes, Technology, The Strip, Tourism | Comments Off on New York State of mind; Atlantic City peace of mind; O’Shea’s, a piece of …

Hindsight is perfect in Maryland; Bluhm’s bust

Posted on April 27, 2012 by David McKee

If you want a vexing test of one’s intellectual consistency, try the Maryland casino industry on for size. It’s not growing fast enough to suit the state Legislature, which is chafing at the constraints imposed upon it — with not … Continue reading →

Posted in Cordish Co., Current, Don Barden, Economy, Harrah's, Maryland, Mississippi, Neil Bluhm, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Taxes, Wall Street | Comments Off on Hindsight is perfect in Maryland; Bluhm’s bust

Wall Street to Boyd: “Bleah!”; Blood & Gore

Posted on April 25, 2012 by David McKee

It was a thankless day for Boyd Gaming: It exceeded Wall Street‘s expectations for 1Q12 and stock analysts yawned in the company’s face. Wrote Deutsche Bank‘s Carlo Santarelli, “the fundamental setup … remains tough,” due to a highly competitive locals … Continue reading →

Posted in Atlantic City, Boyd Gaming, Current, Dennis Gomes, Downtown, Economy, Goldman Sachs, Harrah's, Louisiana, Mississippi, Pinnacle Entertainment, Racinos, Regulation, Station Casinos, Wall Street | Comments Off on Wall Street to Boyd: “Bleah!”; Blood & Gore

Maryland accord totters; Massachusetts cities get testy

Posted on April 23, 2012 by David McKee

Never say “never” but a pet casino project of Maryland Senate President Thomas V. “Mike” Miller Jr. is in critical condition. The sweetheart deal, which would gift-wrap a casino for National Harbor in Miller’s Prince George’s County (in return for … Continue reading →

Posted in Current, Economy, Harrah's, Maryland, Massachusetts, Penn National, Politics, Racinos, Regulation, Reno, Steve Wynn | 1 Comment

Gilbert, Caesars hit Ohio speed bump; Maple Leaf misadventure; Rearranging deck chairs on the WesCas

Posted on April 20, 2012 by David McKee

Rub a dub-dub, three companies in a tub called Rock Ohio Caesars. In emulation of Nevada‘s built-first-license-later system, the Ohio Casino Control Commission is just getting around to mulling the bonafides of Horseshoe Casino Cleveland‘s shareholders. Little-publicized minority partner Lyle … Continue reading →

Posted in Columbia Sussex, Current, Detroit, Harrah's, Horseracing, International, Iowa, Kansas, Lyle Berman, Macau, Massachusetts, MGM Mirage, Ohio, Pennsylvania, Politics, Regulation, Sports, Stanley Ho, The Strip, Wall Street | 2 Comments

Macao: Crossed fingers at Wynn; Confrontation at Melco

Posted on April 19, 2012 by David McKee

According to the Jornal Tribuna de Macau, by the end of the month, Wynn Resorts and the government of Macao “may sign” the long-awaited land tender upon which the fate of $2.7 billion Wynn Cotai rests. It “could be” a … Continue reading →

Posted in Cirque du Soleil, Current, Derek Stevens, Downtown, Entertainment, Harrah's, Hooters, Lawrence Ho, Macau, Melco Crown Entertainment, Regulation, Sheldon Adelson, Steve Wynn, Tamares Group, The Strip, Tourism, Wall Street | 2 Comments

Sheldon Adelson, super villain

Posted on April 13, 2012 by David McKee

“Where’s the white cat,” asked an S&G reader when photos from the grand opening of Sands Cotai Central showed Sheldon Adelson doing a superb impersonation of Ernst Stavro Blofeld, “crumpets” in attendance. You can just imagine him sitting there, brainstorming … Continue reading →

Posted in Current, Election, Harrah's, International, Internet gambling, Macau, Massachusetts, Movies, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism | 7 Comments

Singapore: Many called, two chosen; Tunica catches a break

Posted on March 22, 2012 by David McKee

VIP junket operators are coming to Singapore, J.P. Morgan stock analysts reported. Actually, they’re already there in the form of “shadow junkets,” according to Singaporean media. And if Las Vegas Sands or Genting Berhad are knowingly dealing with illegal junketeers, … Continue reading →

Posted in Colorado, Current, Economy, Florida, Genting, Internet gambling, Louisiana, Macau, Marketing, Mississippi, Oklahoma, Pokergeddon, Politics, Regulation, Sheldon Adelson, Singapore, South Carolina, Stanley Ho, Taxes, Technology, Wall Street | 1 Comment

Investor Week: The slot makers speak; More Ohio expansion

Posted on March 21, 2012 by David McKee

Themes! Themes! Themes! That was the promise made by WMS Industries, which plans to introduce no fewer than 55 of them between now and year’s end. I’d thought we were past the era in which slot manufacturers indiscriminately licensed every … Continue reading →

Posted in Atlantic City, Bally Technologies, Cordish Co., Current, Economy, Election, Entertainment, Harrah's, IGT, Illinois, International, Internet gambling, Macau, Maryland, Ohio, Penn National, Racinos, Regulation, Sheldon Adelson, Shuffle Master, Slot routes, Technology, Wall Street, WMS Industries | 1 Comment

Ides of March: Caesars, MGM, Wynn court Wall Street

Posted on March 21, 2012 by David McKee

Evidently J.P. Morgan‘s Gaming, Lodging & Leisure Management Access Forum, being held this week at Wynncore, isn’t sufficiently important to merit the attendance of Big Gaming’s CEOs. If Steve Wynn couldn’t make the stroll from his office to Encore’s meeting … Continue reading →

Posted in Ameristar, Atlantic City, Boyd Gaming, CityCenter, Current, Detroit, Economy, Encore, Entertainment, Harrah's, Illinois, Internet gambling, Macau, Marketing, Maryland, Massachusetts, MGM Mirage, Neil Bluhm, Ohio, Politics, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Technology, The Strip, Tourism, Wall Street, World Series of Poker | 2 Comments