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Category Archives: Singapore
Penn outperforms in Massachusetts; Horse sense in Indiana
Penn National Gaming had a happy surprise for the Massachusetts Gaming Commission when the latter dropped by Plainridge Park for a look-see. The racino, which the Boston Globe long tried to paint as a failure, has just come off its … Continue reading
Posted in Boyd Gaming, Centaur Gaming, Downtown, Economy, Eldorado Resorts, Entertainment, Harrah's, Horseracing, Indiana, International, Japan, Law enforcement, Louisiana, Marijuana, Marketing, Massachusetts, Mississippi, Penn National, Pennsylvania, Pinnacle Entertainment, Planet Hollywood, Regulation, Singapore, Taxes, The Strip, Tourism, Wall Street
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“Cashless casinos” in China; Keeping score in Louisiana
Could Chinese players go for gambling if the winnings aren’t monetary? That’s the wager resort owners on the island of Hainan plan to make if the central government gives them a much-hoped-for exception. Just as players wager for trinkets in … Continue reading
Posted in Atlantic City, Boyd Gaming, DFS, Election, Harrah's, Horseracing, International, Japan, Louisiana, Macau, Marketing, Politics, Problem gambling, Racinos, Regulation, Singapore, Slot routes, Taxes, Tourism
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MGM optimistic on Japan; Culinary blasts casino owners
Japan is one big step closer to casino legalization now that its House of Representatives passed a bill putting problem-gambling countermeasures into place. This was a necessary step before the actual casino-implementation law could go before the Diet. “The pace of … Continue reading
Posted in Boyd Gaming, Culinary Union, Economy, Golden Gaming, Harrah's, Japan, Macau, MGM Mirage, Penn National, Politics, Problem gambling, Regulation, Sexual misconduct, Singapore, Taxes, Tourism, Transportation, Unite-Here, Wynn Resorts
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MGM sets Springfield date; Adelson hits pay dirt
Even as it’s using MGM Springfield as a catspaw to potentially land Wynn Boston Harbor, that didn’t prevent MGM Resorts International from announcing a date certain for the Springfield opening. Mark August 24 on your calendars, for that is the day … Continue reading
Posted in Architecture, Atlantic City, Churchill Downs, Detroit, Dining, Donald Trump, Entertainment, history, Horseracing, International, Japan, Louisiana, Macau, Maine, Maryland, Massachusetts, MGM Mirage, Penn National, Singapore, South Korea, Sports, Technology, The Strip, Tribal, Wall Street, Wynn Resorts
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Sands Bethlehem (finally) sold; Stratosphere battered
Never underestimate the power of electronic bingo. It’s the capital derived therefrom that’s enabling the Poarch Band of Creek Indians to make a $1.3 billion purchase of Sands Bethlehem. The tribe is succeeding where Tropicana Entertainment and MGM Resorts International … Continue reading
Posted in Alabama, Florida, Foxwoods, Golden Gaming, International, Japan, Law enforcement, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Nevada, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, The Strip, Tribal, Tropicana Entertainment, Wall Street
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MGM’s sincerity challenged; Probe continues at Wynncore
“Is this legislature capable of setting a course and sticking with it?” That’s the very legitimate question posed by the editorial board of The Day, with regard to the Lege’s rather addled behavior on whether to stand by the satellite casino … Continue reading
Posted in Election, Foxwoods, Hard Rock International, Harrah's, International, Japan, Macau, MGM Mirage, Mohegan Sun, Politics, Regulation, Sexual misconduct, Singapore, Taxes, Wynn Resorts
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Good news for Sheldon and other Case Bets
Singapore‘s casinos are looking at an up year in 2018, according to normally cautious Fitch Ratings analyst Alex Bumazhny. “Singapore [gross gaming revenue] grew by around 10 percent year-on-year in first half 2017, after falling by around 30 percent over 2015 to … Continue reading
Posted in Ameristar, Australia, Crown Resorts, Genting, Harrah's, International, Iowa, Law enforcement, Mandalay Bay Massacre, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, The Crown 18, Tribal, Wall Street
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Penn regroups, Sands expands; Beware the Yakuza
Santa Claus has come early, in the guise of hardworking Deutsche Bank analyst Carlo Santarelli. He’s been so busy profiling gaming’s top companies we wonder when he finds time for sleep. His recent visits have included one to Penn National … Continue reading
Posted in Ameristar, Dining, Environment, Harrah's, Illinois, Indiana, Japan, Macau, Majestic Star, Maryland, Massachusetts, MGM Mirage, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Taxes, The Mob, The Strip, Wall Street, West Virginia
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Ohio defies the calendar; Pennsylvania vote pricks Adelson’s balloon
Ohio gaming revenues powered up 5.5% last month despite a supposedly “unfavorable” calendar (one less weekend day). Except for a flat outcome at Thistledown Racino ($9.5 million), everyone was revenue positive for the month. Even Jack Cleveland snapped out of … Continue reading
Posted in Dan Gilbert, Eldorado Resorts, Genting, Hard Rock International, Internet gambling, Japan, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Sheldon Adelson, Singapore, South Korea, Tourism
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Adelson’s construction boom; Make theirs Manhattan
Las Vegas Sands still can’t be bothered to finish its St. Regis stump on the Strip, but it’s spending capex dollars like there’s no tomorrow in Macao. Sands will throw $700 million into redoing Sands Cotai Central as The Londoner, … Continue reading
Posted in Architecture, Culinary Union, Genting, Law enforcement, Macau, Mandalay Bay Massacre, MGM Mirage, New York, Politics, Sheldon Adelson, Singapore, The Strip, Wall Street
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Trump goes to bat for Adelson; Connecticut tribes on the rise
Japanese Prime Minister Shinzo Abe had never heard of Las Vegas Sands or MGM Resorts International before Donald Trump told him about them last February. Either that or Abe was politely feigning ignorance. (As long as was using his political office … Continue reading
Posted in Donald Trump, Foxwoods, Greenwood Racing, Japan, MGM Mirage, Mohegan Sun, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, Taxes, Wall Street
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Boxing creates boom for Nevada bookmakers
Nevada sports books saw an increase of 1,650% in August wagering. (No, that’s not a typo.) It would be an understatement to say that the Floyd Mayweather/Conor McGregor fight helped. $70 million was wagered on it, with the books keeping … Continue reading
Posted in Donald Trump, Genting, Mississippi, Regulation, Sheldon Adelson, Singapore, Sports, Technology, Tilman Fertitta, Westgate LV
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Clean slate at Caesars; Heresy at G2E; Another Revel mystery
“Twenty-five years ago Caesars [Entertainment] was the premier name internationally but they dropped the ball,” said C.G. Anderson Partners analyst Greg Bousquette of the company that must find a way to become relevant after spending years snarled in debt, then in … Continue reading
Posted in Atlantic City, Colorado, Economy, Entertainment, G2E, Glenn Straub, Harrah's, Iowa, Japan, Macau, Mandalay Bay Massacre, Neil Bluhm, New York, Pennsylvania, Regulation, Revel, Singapore, South Korea, Technology, The Strip, Wall Street
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Trump to bigfoot Connecticut controversy?
Could we see heavy-footed federal intervention in the MGM Resorts International vs. Connecticut tribes slugfest? Bridgeport Mayor Joe Ganim (D) hopes so. A supporter of Donald Trump‘s presidential campaign, he’s hoping the White House will stomp into the Nutmeg State fray, interceding … Continue reading
Posted in DFS, Donald Trump, Economy, Election, Foxwoods, Galaxy Entertainment, Genting, Geoff Freeman, International, Macau, MGM Mirage, Mohegan Sun, Regulation, Singapore, Sports, The Strip
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Escalating war at Hard Rock; New slots flood the market
Leadership of the Culinary Union has gone thermonuclear on the Hard Rock Hotel & Casino, filing a National Labor Relations Board complaint against owner Brookfield Asset Management. The latest broadside from the Culinary against Brookfield alleges that “the company has … Continue reading
Posted in Culinary Union, G2E, GameCO, Hard Rock Hotel, Harrah's, Singapore, Technology
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Japan sets casinos up for failure; Renegade card room in California closed
About the nicest thing Jim Murren had to say about Japan‘s casino market is that it’s “unclear at the moment.” Casino developers are bracing themselves for delivery of a 130-page report from the Expert Committee, laying out proposed regulations for megaresorts. … Continue reading
Posted in Arizona, Atlantic City, California, Cretins, Donald Trump, Election, history, Internet gambling, Japan, Maine, MGM Mirage, Pets, Regulation, Sheldon Adelson, Singapore, Sports, The Strip, Tilman Fertitta, Tourism, Transportation, Virginia
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House of Bamboo; Adelson beats The Street
It seems frivolous to be discussing casinos when the Korean peninsula could go up in radioactive flames at any moment, but we do what we must. While legalizing casinos in Japan was a slow and agonizing process, they could fade … Continue reading
Posted in Entertainment, GameCO, Genting, Georgia, Harrah's, Horseracing, International, Internet gambling, Japan, Macau, MGM Mirage, Pennsylvania, Politics, Problem gambling, Regulation, Sheldon Adelson, Singapore, Technology, The Strip, Wall Street
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Land of the Sinking Hopes?; MGM hearts McCain
If Japanese casinos must be majority-owned by local companies, that suits Sega Sammy Holdings just fine. The company is challenging the likes of Galaxy Entertainment, Las Vegas Sands and MGM Resorts International for one of the initial casino licenses. Of … Continue reading
Posted in Cordish Co., Foxwoods, G2E, Galaxy Entertainment, Geoff Freeman, Hard Rock International, Harrah's, Horseracing, International, Japan, MGM Mirage, Mohegan Sun, Politics, Problem gambling, Sheldon Adelson, Singapore, Tribal
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What happens in Vegas goes to France; Big setback for Japan
French President Emmanuel Macron could be collateral damage of a made-in-Vegas scandal involving the 2016 Consumer Electronics Show. At the time, Macron was minister of the economy but had the ill judgment to headline a “French Tech Night” that was … Continue reading
Posted in Atlantic City, Election, Harrah's, International, Japan, MGM Mirage, Regulation, Sheldon Adelson, Singapore, Sports, Wall Street
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Big Brother lives in Japan; Zinke betrays tribes
Imagine that you had to display your Social Security card every time you visited a casino, and have that data recorded and reported. It would kind of put you off gambling, wouldn’t it? Well, it’s an idea being floated in … Continue reading
Posted in Donald Trump, Florida, Japan, Macau, Politics, Problem gambling, Regulation, Seminole Tribe, Singapore, South Korea, Tribal
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