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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Regulation
News flash: And then there were three
If you’re headed through Mesquite, take a good look at the former Si Redd’s Oasis, which Black Gaming CEO Randy Black wants to demolish — in a metaphorical demonstration of what he’s done to that market (another beneficiary of the … Continue reading
Posted in Current, Economy, Harrah's, Mesquite, Michael Gaughan, Regulation
1 Comment
Paging Gary Loveman …
When it comes to bankruptcy, the Fertitta Brothers are pikers compared to magician Steve Wyrick, whose eponymous “entertainment complex” went “Poof!” last Dec. 10. At the time, Wyrick harangued LVA for announcing the closure, saying his return was imminent. We’re … Continue reading
Posted in Archon Corp., Current, Election, Entertainment, Harrah's, Macau, Maryland, MGM Mirage, Pennsylvania, Planet Hollywood, Regulation, Station Casinos, Steve Wynn, The Mob, The Strip, Wall Street
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Tribal gambling comes to Ohio?
Voter approval of a quartet of casinos last November theoretically opens the door to Class III tribal gambling in Ohio. However, this pitch from the Delaware Tribe is likely to bounce in front of the plate and roll all the … Continue reading
Posted in Ohio, Oklahoma, Regulation, Tribal
1 Comment
More political football at CityCenter
Due to the Las Vegas Review-Journal‘s bizarre campaign to secede from the Internet, we dare not even link to an excellent Howard Stutz rundown of MGM Mirage‘s attempt to gain the high ground in the fractious “Who screwed up CityCenter” … Continue reading
“Run away! Run away!”
“We know there’s going to be drug sales and prostitution and that you can’t stop all of it,” is the rallying cry of the Nevada Gaming Control Board‘s top enforcer, Jerry Markling, basically running up the white flag even before … Continue reading
Posted in Entertainment, Missouri, Pinnacle Entertainment, Regulation, The Strip
1 Comment
“The American consumer is toast”
If you think MGM Mirage CEO Jim Murren sounds apocalyptic when he forecasts no major development on the Las Vegas Strip until circa 2020 (heck, Carl Icahn may keep Fontainebleau on ice until 2015) then get a load of this … Continue reading
This just in …
Casino regulators in Iowa have dealt a sweeping rebuff to Gov. Chet Culver (D). While the Hawkeye State’s Racing & Gaming Commission gave its nod to a casino targeted primarily at the South Dakota market, it backhanded three other proposals. … Continue reading
Posted in Colony Capital, Current, Economy, Entertainment, Iowa, MGM Mirage, Politics, Regulation, The Strip
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Resorts World lifts Marina Bay Sands
Strongly early numbers and performance from Genting‘s Resorts World Sentosa metaresort are fueling bullish sentiment regarding Las Vegas Sands‘ $5.7 billion Marina Bay Sands megalith (above), part of a multi-pronged tourism push. Sentosa did $243 million in revenue and $79 … Continue reading
Posted in Current, Economy, Genting, Regulation, Sheldon Adelson, Singapore, Steve Wynn, The Strip, Tourism, Wall Street
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While Atlantic City burns …
While Atlantic City burns, Gov. Chris Christie fiddles. After coming into office saying the right things about helping the state’s casino industry, Christie has spent most of first months in office dithering uselessly. Having waited until A) the Revel project … Continue reading
Illinois’ results are good, Sands’ are better
Praise be! Casino revenues in Illinois were actually flat (+0.5%) last month. It’s mainly a consequence of Penn National‘s Empress Joliet being back in the fray, raking in $40 million. (You’ll recall that, a year ago, its pavilion was but … Continue reading
Posted in Current, Economy, Harrah's, Macau, MGM Mirage, Missouri, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, The Strip
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Adelson does it again
Despite vigorous attempts by Singapore to discourage its own citizens from gambling, it’s not working. Even a $72 admission charge isn’t keeping them out. Better still, VIP junketeers are encountering smoother access than was expected. (Junket scrutiny in Singapore is … Continue reading
Posted in Current, Economy, Genting, International, Macau, Pennsylvania, Regulation, Sheldon Adelson, Singapore
4 Comments
Macao’s best month ever
Pace T.S. Eliot, April was not the cruelest month for Macao. Quite the contrary: The protectorate posted gambling revenues of $1.72 billion, a single-month record. Galaxy Entertainment (whose new Cotai Strip™ pleasure palace is pictured, above) brought up the rear, … Continue reading
Posted in Current, Economy, International, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn
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Quote of the Day
“It is certainly time that we openly recognize that when a limited number of gambling licenses are up for bid, the winners will be the applicants who promise the state the most money, in upfront fees, massive construction projects and … Continue reading
Posted in Economy, Isle of Capri, Louisiana, Missouri, Pinnacle Entertainment, Regulation
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Massive defeat for Patrick in Mass.
Lawmakers in Massachusetts ran roughshod over Gov. Deval Patrick (D), overwhelmingly approving a four-racino, two-casino formula the governor opposes. They also resisted the urgings of those who would put the two, $500 million casino resorts out in the boonies, giving … Continue reading
Posted in Current, Economy, Macau, Massachusetts, Politics, Regulation, Sheldon Adelson, The Mob, Tribal
2 Comments
Harrah’s robbing Peter to buy Paul
When executives of Harrah’s Entertainment credit “hard-nosed” negotiating tactics for their success is reducing the company’s preposterous debt level, one suspects that threats of default and bankruptcy serve as the rhetorical equivalents of the rubber hose and brass knuckles. It’s … Continue reading
Posted in Archon Corp., Current, Economy, Entertainment, Harrah's, International, Internet gambling, Macau, Mississippi, Planet Hollywood, Politics, Regulation, Riviera, The Strip, Wall Street, World Series of Poker
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New train on the block
While the rival maglev-to-Anaheim and high-speed Las Vegas-to-Victorville train projects duke it out for funding and bragging rights, a third Vegas-to-SoCal project has entered the fray. Las Vegas Railway Express proposes to employ existing infrastructure and trains, reducing by three … Continue reading
Posted in California, Current, Regulation, Transportation
3 Comments
Quote of the Day
“This is a Nevada variation of ‘too big to fail.’ The big growth market is Asia, and if you want to be in the gaming business you need to be in Asia. Therefore, you have to do things the way … Continue reading
Posted in International, Macau, MGM Mirage, Pansy Ho, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, The Mob
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A “sudden malady” it was
Last week, when pondering the largely (in the case of the Las Vegas Review-Journal) or completely (in the instance of the Las Vegas Sun) botched coverage of the simultaneous Macao scandals afflicting Las Vegas Sands and MGM Mirage, I puzzled … Continue reading
Posted in Current, Macau, MGM Mirage, Regulation, Sheldon Adelson, Technology
3 Comments