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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: Taxes
Election Postmortem: Who won, who lost
Election Night seems far behind us but its meaning for gaming is still sinking in, as in Arkansas, where sports betting has also been approved. In addition, two Oklahoma-based tribal entities are likely to feel entitled to the casinos green-lit … Continue reading
Posted in Animals, Arkansas, Caesars Entertainment, Culinary Union, DFS, Election, Entertainment, Florida, history, Idaho, Illinois, Las Vegas Sands, Louisiana, MGM Resorts International, Oklahoma, Politics, Seminole Tribe, Slot routes, Sports, Sports betting, Station Casinos, Taxes, Tribal
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Sports books get thumped; National Harbor rules
Nevada sports books are reeling from an NFL Week 9 that stands to see them lose as little as $7 million and as much as $10 million. Bettors, meanwhile, are crying all the way to the bank. Among the games … Continue reading
Posted in Arkansas, Atlantic City, Boyd Gaming, Caesars Entertainment, Churchill Hill, Cordish Co., Election, Golden Gaming, Hard Rock International, Maryland, MGM Resorts International, Mississippi, Nevada, New Jersey, Penn National, Regulation, Sports, Sports betting, Station Casinos, Taxes, Warner Gaming
1 Comment
Hard Rock, Trop push for sports books; Sands Bethlehem slammed at the tables
Atlantic City is getting caught up with customers’ fever for sports betting. Both the Hard Rock Atlantic City and Tropicana have applied for licensure of their sports books. Both are outsourcing the operation of the books. The Trop is going … Continue reading
Posted in Atlantic City, Bruce Deifik, Caesars Entertainment, Charity, Connecticut, e-sports, Eldorado Resorts, Foxwoods, Genting, Greenwood Racing, Hard Rock International, Internet gambling, Las Vegas Sands, Macau, MGM Resorts International, Mohegan Sun, Pennsylvania, Politics, Regulation, Sports betting, Taxes
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Illinois tries, tries again; I, robot
Here we go again. Illinois solons will once more take up the question of casino expansion in the Land of Lincoln. However, other and more pressing gambling concerns may take priority. In addition to Internet gambling there is the quick … Continue reading
Posted in AGA, Caesars Entertainment, Culinary Union, DFS, Economy, GLPI, Illinois, International, Internet gambling, Lawrence Ho, MGM Resorts International, Politics, Racinos, Regulation, Sports betting, Taxes, Technology, Wynn Resorts
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Las Vegas: The good, the bad, the resort fees
Mark it on your calendar. According to Credit Suisse analyst Cameron McKnight, long-awaited, tantalizingly delayed Resorts World Las Vegas will debut in late 2020, a date “recently … affirmed” by Genting Group. In other good news for Sin City, convention and … Continue reading
Posted in Arizona, Donald Trump, Economy, G2E, Genting, International, Internet gambling, Law enforcement, Macau, New York, Resort fees, Taxes, Technology, The Strip, Tribal, TV, Wall Street
1 Comment
About-face in Florida; Fear and litigation in Las Vegas
While it’s a little early for S&G to be making political endorsements in 2018, we’ve had a change of heart regarding Voters in Charge, a constitutional amendment that would strip the Florida Legislature of its power to control gambling expansion … Continue reading
Posted in Atlantic City, Donald Trump, Economy, Election, Law enforcement, Nevada, Sexual misconduct, Taxes, The Strip, Wynn Resorts
1 Comment
MGM: Riding out the storm
As Golden Week nears in Macao, hotel rooms are sold out at all Wynn Macau properties. MGM Grand Paradise has one night open while struggling MGM Cotai has three nights of vacancies (and this without its full complement of rooms). … Continue reading
Hot in August
Regional casinos were the big story last month, with four crucial jurisdictions all posting gains. (So, too, did Iowa but we rarely cover it in S&G because so few of the innumerable casinos make major amounts of revenue.) Maryland hopped … Continue reading
Posted in Affinity Gaming, Ameristar, Caesars Entertainment, Cordish Co., Dan Gilbert, Eldorado Resorts, Full House Resorts, GLPI, Golden Gaming, Hard Rock International, Indiana, Iowa, Majestic Star, Maryland, MGM Resorts International, Ohio, Penn National, Pinnacle Entertainment, Racinos, Rush Street Gaming, Taxes, Tribal, Tropicana Entertainment
1 Comment
Titanic exhibit in peril; It’s Greek to them
Luxor‘s display of Titanic relics has hit an iceberg in the form of a bankruptcy court auction against owner Premier Exhibitions. It’s likely the collection will be kept intact, not dispersed to the four winds, although the latter might be … Continue reading
Posted in Australia, Caesars Entertainment, Downtown, Hard Rock International, history, International, Las Vegas Sands, Marijuana, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, Movies, Penn National, Regulation, Sports betting, Taxes, The Strip, TV, Wall Street, West Virginia
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Intransigence at Station; Money madness in Illinois
Station Casinos‘ response to overwhelming pro-union votes at the Palms and Green Valley Ranch has apparently been not to negotiate but to go into a corner and sulk. Last week, the National Labor Relations Board wrote, “Respondent has been failing and … Continue reading
Posted in Animals, California, Culinary Union, DFS, Donald Trump, Illinois, Internet gambling, Palms, Politics, Racinos, Security, Slot routes, Sports, Station Casinos, Taxes, Tribal
1 Comment
Casino revenues surge (almost) everywhere
Maryland casino business continues to boom, up 5.5% last month. MGM National Harbor led the pack with $58 million. It will, however, be a source of dismay to ownership that play continues to trend toward highly taxed (60%) slots and … Continue reading
Posted in Caesars Entertainment, Churchill Downs, Cordish Co., Dan Gilbert, Eldorado Resorts, Galaxy Entertainment, Golden Gaming, Las Vegas Sands, Lawrence Ho, Macau, Maryland, Melco Resorts & Entertainment, MGM Resorts International, Ohio, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, Sociedade de Jogos de Macau, Taxes, West Virginia, Wynn Resorts
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More woes for Wynn; Unlucky 13 in Macao
Update: All charges in this case were dismissed, as the alleged rape was found to be a fabrication. Wynn Las Vegas‘ status as the poster child for sexual assault on the Las Vegas Strip just got another boost. SoCal dentist Poria … Continue reading
Posted in Architecture, Caesars Entertainment, Dining, Economy, Election, Georgia, Iowa, Law enforcement, Macau, Marketing, Massachusetts, Politics, Sexual misconduct, Sociedade de Jogos de Macau, Taxes, The Strip, Wall Street, Wynn Resorts
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MGM, Boyd make sports-betting pact; Win-win for Dover Downs
“We are in an envious position when it comes to this growth opportunity. Few companies can match our 40 plus years of experience in sports wagering, our significant sports betting infrastructure here in Nevada and our growing geographical footprint across … Continue reading
Posted in Arkansas, Colorado, Delaware, Election, Greenwood Racing, Illinois, Indiana, Internet gambling, Iowa, Kansas, Louisiana, Massachusetts, MGM Resorts International, Mississippi, Missouri, Neil Bluhm, Ohio, Pennsylvania, Racinos, Regulation, Rhode Island, Sports betting, Taxes, Tribal, Wall Street
1 Comment
MGM lauds Springfield as Mandalay Bay woes increase
MGM Resorts International is targeting Hartford (and five other media markets) with its initial TV spot for MGM Springfield, whose opening is now less than a month away. The ad, which you can see for yourself, has shoutouts to virtually … Continue reading
Posted in Cirque du Soleil, Elaine Wynn, Environment, Law enforcement, Mandalay Bay Massacre, Marketing, Massachusetts, MGM Resorts International, New York, Penn National, Pennsylvania, Regulation, Reno, Rhode Island, Sexual misconduct, Sports betting, Taxes, TV, Wynn Resorts
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Warren sides with Wampanoags; Vdara dances The Robot
Sen. Elizabeth Warren (D) has waded into the Brockton-vs.-Taunton fight for a tribal casino. She’s introducing a bill that would circumvent the inactive Bureau of Indian Affairs and smooth the path of the Mashpee Wampanoags. While we have nothing against … Continue reading
Posted in Caesars Entertainment, California, CityCenter, Genting, Hard Rock International, Japan, Massachusetts, Neil Bluhm, Politics, Regulation, Rush Street Gaming, Taxes, Technology, The Strip, Tribal
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Sport of kings on wobbly legs; Sports betting races ahead in N.J., N.Y., flags in Pennsylvania
Were it not for racinos, we’d probably be talking about the sport of kings in the past tense. Handle at racetracks has fallen 50% in the last 15 years. However, slot machines have infused a billion dollars a year, keeping … Continue reading
Posted in Atlantic City, Caesars Entertainment, Cordish Co., DFS, Dining, Greenwood Racing, Horseracing, Internet gambling, Macau, New York, Pennsylvania, Problem gambling, Racinos, Regulation, Sociedade de Jogos de Macau, Sports, Sports betting, Station Casinos, Taxes, The Strip, Tilman Fertitta
1 Comment
New era in Atlantic City
Atlantic City is already feeling the benefits from the double-barreled openings of Hard Rock Atlantic City and Ocean Resort. While June’s gambling revenues were up 1.5% on a same-store basis, add the newcomers and the increase is 5%. (Both casinos … Continue reading
Atlantic City, the morning after; On the dole in Delaware
Even as it celebrates its debut in Atlantic City, Hard Rock International is pining for the New York City area, especially since it has an exclusive contract to operate a casino at Meadowlands. In a display of rather poor taste, Hard … Continue reading
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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High Sierra; This and that
If you want to get away from it all and gamble at the same time, head north — way north — to tiny and isolated Jarbidge, Nevada. That is the home of the Silver State’s newest casino license, that of … Continue reading
Posted in Economy, history, Horseracing, International, Macau, Nevada, New York, Racinos, Slot routes, Sports, Taxes
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