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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Regulation
Gilbert’s Dixie deal; Linq begins; Musical chairs at Penn
Dan Gilbert‘s descent upon the Baltimore market, in tandem with Caesars Entertainment, isn’t exactly news but the revelation that it will operate under the Harrah’s imprimatur (relegated to tertiary status by Caesars CEO Gary Loveman) certainly is. Gilbert’s undergraduate career … Continue reading
Posted in Current, Genting, Harrah's, M Resort, Maryland, Neil Bluhm, New York, Penn National, Pennsylvania, Racinos, Regulation, Sheldon Adelson, South Carolina, The Strip, Tourism, Tribal
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Illinois: They shoot horses, don’t they?; Friday film festival
Score another round for Illinois Gov. Pat Quinn (D): By threatening a drawn-out negotiation process that would put casino expansion hard up against election season — with lawmakers facing the terra incognita of redrawn districts — he may have forced … Continue reading
Posted in Economy, Election, Environment, Harrah's, Horseracing, Illinois, Internet gambling, Missouri, Ohio, Penn National, Politics, Racinos, Regulation, Rhode Island, Taxes, Tribal
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Another domino wobbles; Western, R.I.P.; Fighting over pocket change?
Add South Carolina to the list of states that could be suddenly taking a more favorable view of casino gambling. What the United Keetowa Band of Cherokee Indians is pitching have to be compacted with Gov. Nikki Haley (R, right). … Continue reading
Posted in Atlantic City, California, Downtown, history, Internet gambling, Iowa, Kansas, Missouri, Ohio, Penn National, Politics, Regulation, South Carolina, Tamares Group, Tribal
2 Comments
Train robbery in D.C.
As the online-gambling gravy train begins leaving in the station, members of Congress are making one last attempt to derail it. After all, once New Jersey, Illinois, California, the District of Columbia and so forth set up shop as havens … Continue reading
Posted in California, Columbia Sussex, Cordish Co., Current, Harrah's, Harry Reid, Illinois, Indiana, Internet gambling, Politics, Problem gambling, Racinos, Regulation, Taxes, Tropicana Entertainment
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Sheldon Adelson, wuss; MGM pounces; Slipper-y logic; Enter whining
What manner of fool spends $5 million to disseminate a film that he’s never seen and whose content he claims not to endorse? Sheldon Adelson, that’s who. After his latest political favorite got clobbered in the New Hampshire primary, Adelson … Continue reading
Posted in Alex Yemenidjian, Ameristar, Cordish Co., Dan Lee, Donald Trump, Economy, Election, Harrah's, Iowa, Isle of Capri, Jack Binion, Louisiana, Massachusetts, Mississippi, Movies, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Regulation, Sheldon Adelson, Station Casinos, Tourism, Transportation, Tribal, Tropicana Entertainment, TV
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Trouble at Wynncore; ‘Phantom’ exorcised
Steve Wynn (no introduction required) and old pal — and major investor — Kazuo Okada are having a falling-out that spilled into the files of the SEC. Okada has lined up heavyweight Las Vegas law firm Lionel Sawyer & Collins … Continue reading
Posted in Dining, Entertainment, Harrah's, International, Macau, MGM Mirage, Regulation, Sheldon Adelson, Steve Wynn, Wall Street
2 Comments
Adelson: Whining our future; The online deluge
Apparently there’s no avoiding what has become the story of the day: Sheldon Adelson‘s $5 million dowry to presidential aspirant Newt Gingrich. It’s a gift that comes with a substantial pre-nup; if Gingrich falters in South Carolina, American Crossroads and … Continue reading
Posted in Alex Yemenidjian, Atlantic City, Boyd Gaming, Colony Capital, Current, Economy, Election, Florida, George Maloof, Harrah's, Harry Reid, Hooters, International, Internet gambling, Marketing, Massachusetts, MGM Mirage, Pennsylvania, Politics, Regulation, Sheldon Adelson, South Carolina, The Strip, Wall Street
4 Comments
Adelson vacillates; Macao triumphs; Name of infamy
Showing something less than his usual decisiveness, Sheldon Adelson continues to send mixed signals with regard to his intentions in his native Massachusetts. He’s re-upped with Boston-based lobbyist firm Donoghue Barrett & Singal. However, despite years of scouting the market, … Continue reading
Posted in Colony Capital, Current, Economy, Goldman Sachs, Harrah's, Iowa, Macau, Massachusetts, Penn National, Regulation, Sheldon Adelson, The Strip, Wall Street
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Quote of the Day
“Nothing optional — from homosexuality to adultery — is ever made punishable unless those who do the prohibiting (and exact the fierce punishment) have a repressed desire to participate.” — just one of the many stinging insights delivered by Christopher … Continue reading
Posted in history, Regulation
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Fight the power
PROTECT IP / SOPA Breaks The Internet from Fight for the Future on Vimeo. Sheldon Adelson and Steve Wynn are huge admirers of the despotic government of China, which censors the Internet wholesale. So I’m sure they just lurve this … Continue reading
Posted in Current, Internet gambling, Macau, Regulation, Sheldon Adelson, Steve Wynn, Technology
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Quote of the Day
“We do find it disconcerting that it seems virtually everyone is on the same side of the fence. The argument seems to center around the fact that Macau did so well during a period of fiscal tightening in China, just … Continue reading
Posted in Economy, Macau, Regulation, Wall Street
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Boyd: Trapped in Florida; Sands muzzled in Singapore; Good vibes in Macao
This is a good time to be in Florida, right? Not if you’re Boyd Gaming and have been trying to unload Dania Jai-alai, souvenir of a half-assed venture into the Sunshine State’s racino market. The company has scrapped an $80 … Continue reading
Posted in Boyd Gaming, Colony Capital, Current, Economy, Genting, Harrah's, Macau, MGM Mirage, Racinos, Regulation, Sheldon Adelson, Singapore, Stanley Ho, Steve Wynn, The Strip, Wall Street
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Adelson making mischief in Massachusetts?
This just in: Scarcely was the ink dry on Massachusetts‘ new casino law when the state got slapped with litigation. The issue? The law’s “explicit, race-based set-asides that give federally recognized Indian tribes a categorical advantage over all other applicants … Continue reading
Posted in Current, Massachusetts, Pennsylvania, Regulation, Tribal
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Quote of the Day
“The Attorney-General’s kind remarks are noted and appreciated. I’ve spoken to Ed Burns and we are prepared to go to work on season six of The Wire if the Department of Justice is equally ready to reconsider and address its … Continue reading
Posted in Current, Regulation, TV
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Atlantic City: Fertitta struggling, Gomes triumphing, Boyd steady
No surprise that Borgata remains in a class by itself among Atlantic City resorts. It finished October at 0.0% deviance from last year, as flat as “flat” can be. The lone gainer in the market was Resorts Atlantic City, up … Continue reading
It’s payback time
… or maybe not. Dealers at Wynn Las Vegas won a rare victory when Clark County District Judge Kenneth Cory (pictured) spiked Labor Commissioner Michael Tanchek‘s longstanding position vis-a-vis the tip-confiscation policy at the Strip resort. Asking for a third … Continue reading
Posted in Current, Pets, Regulation, Steve Wynn, The Strip
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Quote of the Day
“The era of government-granted casino monopolies is over. Many of our markets are now oversaturated with commercial and tribal casinos. In some states, licenses are even being left untaken. The era of limitless capital is over. Between huge commercial casino … Continue reading
Posted in Economy, G2E, Harrah's, Regulation, Tribal, Wall Street
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Another victory like this …
In one of the most Pyrrhic victories in casino-industry history, Colony Capital has managed to prevent foreclosure of the former Atlantic City Hilton. But the cost of victory outweighs the gain. Colony got itself out of this scrape by giving … Continue reading
Posted in Colony Capital, Current, Dennis Gomes, Genting, Mississippi, New York, Politics, Racinos, Regulation, Tilman Fertitta, Wall Street
1 Comment
Domino effects
“Prior to the official opening, a 60-minute opening ceremony was held outside of the main entrance to the casino, where local and state politicians patted each other on the back for finally getting the casino opened, a mere 10 years … Continue reading