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- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Regulation
Quotations from Chairman Steve; Elvis catches fire
Perhaps due to his eagerness to get Wynn Cotai jump-started, Steve Wynn has become an even more pliant sock puppet for China‘s central government than was Sheldon Adelson. It must be a source of great amusement among the ruling elite … Continue reading
Posted in Cordish Co., Current, Economy, Entertainment, Harrah's, International, Macau, Maryland, Penn National, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Steve Wynn, Taxes, TV, West Virginia
3 Comments
Lies, damned lies & Illinois; Casino overboard!
Way to go, Joe Canfora! The Merit Casino CEO shows how impressive a statistic can sound when taken out of context. By stating “there are more slot machines per 100,000 people in Iowa than there are in Illinois,” Canfora craftily … Continue reading
Posted in Ameristar, Current, Economy, Harrah's, Illinois, Iowa, Midnight Jim Gibbons, Regulation
1 Comment
Aliante Station changes hands but little else; Amigo Adelson
Aliante Station is now formally the property of Texas Pacific Group, Standard General and Apollo Management. Two of those funds also own Caesars Entertainment, which might create some interesting “Chinese wall” situations. (Can’t have trade secrets passing back and forth, … Continue reading
Posted in Boyd Gaming, Colorado, Current, Economy, Entertainment, Environment, Harrah's, International, North Las Vegas, Regulation, Sheldon Adelson, Station Casinos, Taxes
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MSM tunes Steve Wynn out
Has Steve Wynn jumped the shark? That is a question I never, ever thought I’d be asking. But an interesting thing happened in the wake of Winn Wynn Resorts‘ most recent conference call. Toward the end, he went on his … Continue reading
What if they gave a casino and no one came?
Such been the plight of Maryland, a state that’s experienced the curious predicament of having more casino licenses than applicants. It’s much the same as Kansas, where things have gone awful quiet. Now, Kansas is like a corn-fed Macao: You … Continue reading
Posted in Cordish Co., Current, Donald Trump, Economy, G2E, Harrah's, International, Isle of Capri, Kansas, Macau, Maryland, Ohio, Penn National, Racinos, Regulation, Taxes, West Virginia
1 Comment
Florida: Bend over & grab; Slots on the loose in A.C.
Background investigations in Nevada — at least before the budgetary axe starting falling on the Nevada Gaming Control Board — were said to be an indescribably unpleasant experience. As award-winning local columnist Michael Green once pointed out, when Gary Loveman … Continue reading
Posted in Alex Yemenidjian, Atlantic City, Entertainment, Florida, Genting, Harrah's, Marketing, Regulation, Sheldon Adelson, Tropicana Entertainment
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Pat Quinn finally gets it
After four months of vacillation, Gov. Pat Quinn (D-IL) has gotten off the fence and announced his opposition to multiple racinos within Illinois (and to slot routes at airports). Noting that the state already subsidizes the sport of kings, he … Continue reading
Posted in Atlantic City, Current, Horseracing, Illinois, New York, Politics, Racinos, Regulation, Sports
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Breakthrough in Massachusetts
This just in … the Massachusetts state Senate voted 24-14 to send casino legalization on to a conference committee, where the House’s version — passed with a crushing majority — already reposes. Differences between the two versions, obviously, will have … Continue reading
Posted in Bally Technologies, Current, Economy, Florida, Genting, Harrah's, Horseracing, IGT, Internet gambling, Movies, Penn National, Pennsylvania, Politics, Racinos, Regulation, Sheldon Adelson, Slot routes, Sports, Steve Wynn, Taxes, Tribal, Wall Street, WMS Industries
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Shakedown at G2E; Riviera quits Colorado, Trump quits humanity
Our beloved casino industry runneth over with individuals, companies and even sovereign nations that have a vested interest in the legalization of Internet poker … and more. Rep. Joe Barton (R-TX, left) knows this, which is why he’s coming to … Continue reading
Posted in Atlantic City, Colorado, Current, Dennis Gomes, Donald Trump, Economy, Election, G2E, Internet gambling, Marketing, Politics, Regulation, Reno, Riviera, Sheldon Adelson, Steve Wynn, The Strip
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“The Paddy Factor”
(For film buffs: “The Paddy Factor” was the working title of what became the classic gangster movie, The Long Good Friday … and the rest was history.) A new “Paddy factor” got flung into the Vegas equation this week when … Continue reading
Tropicana of Cancer; Bucking the system
Alex Yemenidjian‘s efforts to reboot the Tropicana Las Vegas are sputtering quite badly these days. First, there’s the much-reported mess that is the Mob Experience, currently on the lam from foreclosure. Then a three-month extension of Gladys Knight‘s A Mic … Continue reading
G2E 2011: No big deal?
I’ve been debating whether or not to give Global Gaming Expo a pass this year and this morning’s dispatch from Deutsche Bank‘s Carlo Santarelli didn’t exactly quicken my pulse. His prediction? A “quiet” G2E, due to slow growth in the … Continue reading
Posted in CityCenter, Current, Economy, G2E, International, Internet gambling, James Packer, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tourism, Wall Street
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Sheldon Adelson, casino opponent
You read that right: El Bombastico has developed a sudden concern that adding 9,000 slots to Florida‘s existing inventory of 15,000 “will saturate the market with too many games,” in the words of the Miami Herald. In other words, there … Continue reading
Caesars’ big Asian bet; Playing with yourself in Vegas
It’s amazing what you can do when you simply punt your debt burden a few years down the road. In the case of Caesars Entertainment, it means you’ve got an extra $470 million lying around to build Caesars Palace Longmu … Continue reading
Posted in Alex Yemenidjian, Architecture, Current, Election, Harrah's, International, Internet gambling, M Resort, Macau, Marketing, MGM Mirage, Movies, Penn National, Regulation, Sheldon Adelson, Tamares Group, Taxes, Technology, Warner Gaming
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The great riverboat robbery; Pusateri’s revenge; Gaming’s top 12
Increased funding for education is always the big selling point whenever gambling laws in Missouri are liberalized. This week, schools are finding out what sort of Indian givers their casino benefactors are. Schools are among the public services that stand … Continue reading
Posted in Ameristar, Bally Technologies, Boyd Gaming, Current, George Maloof, Harrah's, IGT, Isle of Capri, Macau, MGM Mirage, Missouri, Morgans Hotel Group, Penn National, Pinnacle Entertainment, Regulation, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tourism, Wall Street, Warner Gaming, WMS Industries
3 Comments
Boardwalk brinkmanship
As the hours tick away toward this week’s expiration of labor agreements at nine Atlantic City casinos, managements are all but daring Culinary Union parent Unite Here to strike. Caesars Entertainment had the brass to declare it was continuing “to … Continue reading
No trouble in River City; Phasing out Trump
Breaking out of its recent abundance of caution, Pinnacle Entertainment has announced $82 million in upgrades for River City. The expansion will incorporate 1,700 new parking spaces, a hotel tower (200 rooms) and 10,000 square feet of meeting space. Shovels … Continue reading
How to get things done in Macao? Bribery!
OK, so it’s called “paying a premium,” but Steve Wynn finally pried 51 acres of Cotai Strip™ landfill real estate loose from Macao by forking over $193 million ($3.8 million an acre), plus annual lease payments. In return. he’s got … Continue reading
Posted in Current, Election, Florida, Genting, International, Internet gambling, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Racinos, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tribal, Wall Street
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Gaming is on the march
Add Kentucky to the states that have casino-style gambling, at least temporarily. Owners of Kentucky Downs found a loophole in Bluegrass State law and galloped through it. “Instant Racing” is the sort of VLT game you might find at a … Continue reading
Consolation prize
Congratulations to Caesars Entertainment. Its Canadian flagship, Caesars Windsor, was voted best “Detroit area” casino by readers of Casino Player magazine for the 11th year running, as well as snagging 10 other awards. Now, if only Caesars could monetize that. … Continue reading
Posted in Current, Detroit, Economy, Harrah's, International, Regulation
5 Comments