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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
Pittsburgh pleads with Rivers Casino; Strong numbers from Maryland, Illinois
Pittsburgh is essentially saying “Pretty please” to Rush Street Gaming‘s Rivers Casino, begging the latter to keep voluntarily paying $10 million a year to the city, even though Rush Street is no longer under any legal obligation to do so. Pittsburgh Finance … Continue reading
Posted in Boyd Gaming, Cordish Co., Cosmopolitan, GLPI, Golden Gaming, Harrah's, Illinois, Iowa, Maryland, MGM Mirage, Neil Bluhm, Penn National, Pennsylvania, Racinos, Taxes, Technology, The Strip
6 Comments
National Harbor opening looms; Murren’s march through Georgia
Lucky Dragon Casino had better enjoy its 15 minutes of fame while they last because all eyes will turn to the East Coast on Dec. 8, when MGM Resorts International opens MGM National Harbor. CEO Jim Murren is already predicting … Continue reading
Posted in Alabama, Dining, Economy, Florida, Georgia, Harrah's, Internet gambling, Maryland, MGM Mirage, New York, Pennsylvania, Politics, Taxes, Technology, Tribal
1 Comment
Crisis mode in Pennsylvania; Hard Rock unifies the brand
Although Pennsylvania lawmakers theoretically have three months to amend an “incredibly complex” state law that directs casino revenue to host cities and counties, the grim reality is that the Lege has only eight session days in which to get it … Continue reading
Posted in Australia, Charity, Eldorado Resorts, Florida, G2E, Greenwood Racing, Hard Rock Hotel, Hard Rock International, International, Macau, Pennsylvania, Politics, Seminole Tribe, Sheldon Adelson, Steve Wynn, Taxes, Technology, TV, Wall Street
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Trump: The art of losing (money); Daylight in Macao
Being the most inept casino developer in American history (four bankruptcies speak for themselves) has its advantages. The red ink hemorrhaged by Donald Trump‘s Atlantic City casinos spilled over onto his 1995 income-tax form, enabling the mogul to record a … Continue reading
Posted in Atlantic City, Donald Trump, Harrah's, Macau, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Tilman Fertitta, Wall Street
3 Comments
Stadium debate heats up; Seminole Tribe ousts boss
While it looked for a moment like the wheels were greased for an NFL stadium on the Las Vegas Strip, financed primarily by hotel-room taxes, there’s a bit less certainty today. For one thing, Sheldon Adelson either assumed or … Continue reading
Posted in California, Economy, Florida, Hard Rock International, Harrah's, Macau, MGM Mirage, Politics, Seminole Tribe, Sheldon Adelson, Sports, Taxes, The Strip
2 Comments
Pennsylvania casinos trounce state; MGM looks to Brazil
Pennsylvania cities and counties could find themselves short of money soon — and legislators have to locate even more cash on short notice, as though the current budget impasse wasn’t trouble enough. The commonwealth has been given three months, tops, by the … Continue reading
Posted in Economy, Eldorado Resorts, Greenwood Racing, IGT, International, Internet gambling, Japan, MGM Mirage, Neil Bluhm, Pennsylvania, Politics, Sheldon Adelson, Taxes, The Strip
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Eldorado captures Isle; Adelson thwarted; Perlman dies
Scratch one more casino company from the checkerboard. This morning it was announced that Eldorado Resorts was buying Isle of Capri Casinos (long mooted as a takeover target. Eldorado will pay $1.7 billion for Isle — or $23 a share … Continue reading
Posted in Alabama, Atlantic City, Eldorado Resorts, Florida, Foxwoods, Geoff Freeman, Harrah's, history, Internet gambling, Isle of Capri, Louisiana, Massachusetts, MGM Mirage, Missouri, Mohegan Sun, Nevada, Ohio, Oklahoma, Pennsylvania, Politics, Reno, Sheldon Adelson, Taxes, The Mob, The Strip, Tribal, Vietnam, Wall Street
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Judge to Caesars: Get naked; Bite the wax tadpole
“These folks are going to have to pony up the paper,” said U.S. Bankruptcy Court Judge Benjamin Goldgar, stripping the fig leaf from Caesars Entertainment owners Marc Rowan, David Bonderman and others. They’ll have to reveal details of their personal … Continue reading
Posted in Dining, Economy, Georgia, Harrah's, International, Lucky Dragon, Macau, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Sports, Steve Wynn, Taxes, The Strip, Transportation, Wall Street
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Freeman’s crusade; Gilbert struggles in Ohio
To describe the new-look American Gaming Association as “activist” would be an understatement of some magnitude. President Geoff Freeman has put the pedal to the metal in his quest for legalized sports betting. Today, Freeman mounted his bully pulpit in … Continue reading
Rough justice for Adelson; Horseshoe Baltimore gains strength
In the end, the Macao government was scarcely more generous with Sheldon Adelson than it had been with Steve Wynn. Adelson’s Parisian Macao will open with 100 table games, get another 25 on New Year’s Day and 25 more a … Continue reading
Posted in Animals, Cordish Co., Genting, Harrah's, Macau, Maryland, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Taxes, The Strip, Tourism
1 Comment
The IRS won’t be denied; Philippines a hotbed of uncertainty
Could the federal government have to invade Miccosukee Tribe of Florida land in order to shut down the band’s casino? That’s one possible scenario (placing a lien on gaming revenues is another) if the tribe continues to defy the Internal … Continue reading
Posted in Downtown, Florida, Harrah's, Internet gambling, MGM Mirage, Philippines, Sports, Taxes, Tribal, Wall Street
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Win for Wynn; Russia’s Donald Trump
So maybe Wynn Palace made a difference, after all. Macao gambling revenue, which analysts expected to be anywhere from 1% up to 3% down last month, actually grew 1%. (Kudos to those analysts who bet the house would win.) With Sands … Continue reading
Posted in Animals, California, Donald Trump, Florida, Galaxy Entertainment, Harrah's, IGT, International, Japan, Law enforcement, Lawrence Ho, Macau, Melco Crown Entertainment, Regulation, Sheldon Adelson, Steve Wynn, Taxes, Technology, Tribal
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Packer in a pickle?; Adelson speaks, R-J listens; Big casino sale in Philippines
We haven’t been able to confirm for certain whether or not James Packer‘s latest attempt to conquer Las Vegas, the casino-resort Alon, is definitely kaput. It definitely hasn’t evolved beyond some exquisitely vague, bare-bones documents filed with Clark County. However, we … Continue reading
Posted in Australia, Environment, International, Internet gambling, Iowa, James Packer, MGM Mirage, Mississippi, Philippines, Problem gambling, Regulation, Sheldon Adelson, Sports, Taxes, The Strip, Tilman Fertitta, Tribal
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New ally for Mashpee; Adelson: My way or the highway
In the latest twist of the Project First Light saga, the Justice Department has interceded on behalf of the Mashpee Wampanoag. It has asked a federal judge to revisit his ruling that the Mashpee lacked standing and that the Interior … Continue reading
Posted in Donald Trump, Downtown, Environment, Galaxy Entertainment, Harrah's, history, Internet gambling, Macau, Massachusetts, MGM Mirage, Oklahoma, Regulation, Sheldon Adelson, Sports, Station Casinos, Taxes, Tribal
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Lucky Dragon gets another step ahead; ETGs a hit at Sands Bethlehem
Lucky Dragon Casino is speeding to completion while Resorts Las Vegas and Alon can’t get out of the starting blocks. (Resorts World did Tweet that it had finished paving its parking garage, making it Las Vegas‘ most high-budgeted place to put … Continue reading
Caesars crashes, burns in Louisiana; DFS takes two steps forward, one back
Despite having an extra weekend day, Louisiana casinos saw revenue fall 7% in July. (JP Morgan analyst Joseph Greff blames flooding for the waterlogged numbers.) Pinnacle Entertainment did the best among major operators, up 4%, while Caesars Entertainment went into the … Continue reading
Posted in Atlantic City, Boyd Gaming, Churchill Downs, Eldorado Resorts, GLPI, Harrah's, Internet gambling, Isle of Capri, Louisiana, Maine, Massachusetts, New York, Pennsylvania, Pinnacle Entertainment, Problem gambling, Sports, Taxes, Technology, The Strip, Tilman Fertitta, Tropicana Entertainment
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Tax fight in Pennsylvania; Adelson donation goes awry
Sands Bethlehem could soon pocket another $10 million a year but it’s letting Mount Airy Casino do the heavy lifting. The latter is arguing to the Pennsylvania Supreme Court that the flat, yearly fee falls disproportionately on small casinos, not … Continue reading
Posted in Architecture, California, Eldorado Resorts, Greenwood Racing, International, Internet gambling, Law enforcement, Massachusetts, Neil Bluhm, Oklahoma, Pennsylvania, PokerStars, Sheldon Adelson, Steve Wynn, Taxes, Tribal
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Atlantic City boosters gain momentum; Gamblit takes important step forward
New York State gaming forces are taking a more-than-disinterested view of the upcoming referendum on Atlantic City‘s monopoly on casino gambling in New Jersey. For instance, Genting Group, owner of Resorts World New York, is opposing the measure behind stalking … Continue reading
Posted in Affinity Gaming, Atlantic City, Election, Foxwoods, Genting, Massachusetts, Mohegan Sun, New York, Pennsylvania, Taxes, Technology, Tribal
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Quote of the Day
“Everybody including Twin River, the competitor across the border 17 miles away in Rhode Island, projected that Penn [National Gaming] would do more than it’s been doing. Exactly why it isn’t, nobody’s quite sure. Whether it’s that you can’t smoke … Continue reading
Posted in Economy, Law enforcement, Massachusetts, Penn National, Rhode Island, Taxes
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Mashpee casino blocked; Wynn: Doing more with less
Carcieri v. Salazar and the Indian Reorganization Act have come back to bite the Mashpee Wampanoag tribe in the hindquarters. U.S. District Judge William G. Young has ruled against a Taunton casino project, siding with the contention of a group … Continue reading
Posted in Boyd Gaming, Charity, Eldorado Resorts, Foxwoods, Genting, Harrah's, history, International, Internet gambling, Isle of Capri, Macau, Massachusetts, MGM Mirage, Mississippi, Neil Bluhm, Pennsylvania, Regulation, Steve Wynn, Taxes, Tilman Fertitta, Tribal
Comments Off on Mashpee casino blocked; Wynn: Doing more with less