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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
Land of the Rising Hopes; Delaware racinos struggle
It will take a constitutional amendment to make it happen but casinos could be back on the political agenda in Japan. In a promising development, he strengthened his position in the Diet, apparently freeing his Liberal Democratic Party from its … Continue reading
Posted in Boulder Strip, Delaware, Florida, Japan, Kazuo Okada, Macau, Marketing, MGM Mirage, Mohegan Sun, Politics, Steve Wynn, Taxes, Tribal, Wall Street
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Plainridge Park hits the one-year mark; Pennsylvania casinos spurn booze tax
Recording its first anniversary with a reported $160 million in revenue, against projections closer to $300 million, is Penn National Gaming‘s Plainridge Park a dud? Not so fast. The casino reports the highest win/slot/day by far of any casino for … Continue reading
Posted in Atlantic City, Boyd Gaming, Election, Internet gambling, Massachusetts, MGM Mirage, Neil Bluhm, New York, Penn National, Pennsylvania, PokerStars, Regulation, Revel, Rhode Island, Sheldon Adelson, Steve Wynn, Taxes, Tribal
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Wynn Boston Harbor a ‘go’; Caesars’ big score
Depending on how peevish Somerville Mayor Joseph Curtatone is feeling, groundbreaking on Wynn Boston Harbor could be a week away. Wynn Resorts‘ acknowledgement of its latest victory contained just a hint of battle fatigue, saying the rejection of Curtatone’s arguments “hopefully … Continue reading
Posted in California, Dining, Environment, Florida, Genting, Harrah's, International, Internet gambling, Massachusetts, Regulation, Sheldon Adelson, Singapore, Steve Wynn, Taxes, Tourism
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The card-room hustle; Sheldon, can you spare $6 million?
“In the 16 years we’ve been down there, I’ve paid the city $80.5 million in tax revenue. We saved the city from bankruptcy. We’ve been paying the city payroll including the Police Department for the last 16 years and I don’t … Continue reading
Posted in California, Election, Internet gambling, Iowa, Ohio, Oklahoma, Sheldon Adelson, Taxes, Tribal, Warner Gaming
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Shifty speculation in Massachusetts; Hoosiers spend more
Two Boston-area mayors are digging in against a slot parlor proposed for Revere. New Revere Mayor Brian Arrigo and Somerville Mayor Joseph Curtatone (below) have both voiced opposition to the project, which would be near Suffolk Downs (the ballot question is … Continue reading
Posted in Boyd Gaming, Full House Resorts, Harrah's, Horseracing, Law enforcement, Majestic Star, Massachusetts, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Steve Wynn, Taxes, Tropicana Entertainment
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Patient, heal thyself!; Copperfield’s new crib
Seemingly taking its talking points from Gov. Chris Christie (R), the Wall Street Journal opened a can of whup-ass on Atlantic City. (It also tried to drag casino flip-flopper Hillary Clinton into the argument but that was too much of … Continue reading
Posted in Architecture, Arizona, Atlantic City, Donald Trump, Economy, Regulation, Taxes, Technology
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Battling along the Boardwalk; Supreme Court gives tribes the brush-off
While the previous record for an Atlantic City casino strike is 34 days, the showdown at Trump Taj Mahal looks like it will go the distance. Neither Local 54 of Unite-Here nor Carl Icahn shows any signs of backing down … Continue reading
The meddlesome Adelson; Wynn Palace postponed again
“Essentially, Pechanga and its allies see no reason to compromise, even an inch,” wrote California Online Poker‘s Steve Ruddock of the intractable position of the Pechanga and Agua Caliente tribes, and their anti-PokerStars allies (who include Sheldon Adelson, meddling in … Continue reading
Posted in Arkansas, California, Churchill Downs, Election, Foxwoods, Horseracing, Internet gambling, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Politics, Regulation, Scientific Games, Sheldon Adelson, Steve Wynn, Taxes, Technology, Tribal, Wall Street
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Tipping point in Pennsylvania near; Cirque du NFL
“I think gaming expansion money in one form or another is necessary for this budget process to be complete,” spoke Pennsylvania House Majority Leader Dave Reed (R). With Gov. Tom Wolf (D, right) having given way on sales-tax and income-tax … Continue reading
Posted in Cirque du Soleil, Economy, International, Internet gambling, Lawrence Ho, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Mississippi, Pennsylvania, Politics, Sheldon Adelson, Slot routes, Sports, Station Casinos, Steve Wynn, Taxes, The Strip, Wall Street
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Little relief for Caesars; Atlantic City braces for labor strife
It’s out of the frying pan and straight into the fire for Caesars Entertainment. Federal bankruptcy court has put a temporary halt on litigation against the casino giant, giving it until Aug. 29 to cut a new deal with bondholders. … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, Donald Trump, Eldorado Resorts, Geoff Freeman, Harrah's, Illinois, Pennsylvania, Pinnacle Entertainment, Politics, Slot routes, Sports, Taxes, The Mob, The Strip, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here
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More gridlock in California; Caesars ownership ups the ante … sorta
California lawmakers’ push for legalized i-gaming appears to run into an insuperable obstacle. Just when it looked like state Rep. Adam Gray had devised language that would tap-dance around the “bad actor” issue, the Pechanga Band of Luiseño Indians and Agua … Continue reading
Posted in California, Florida, Genting, Harrah's, PokerStars, Politics, Taxes, Tribal, Wall Street
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Caesars seeks taxpayer bailout; Sands lawsuit suddenly vanishes
You’ve got to hand it to Caesars Entertainment: It is truly shameless. The company went to the Internal Revenue Service seeking a “a tax-free separation” for REIT-to-be Caesars Entertainment Operating Co., claiming that if it had to pay taxes that … Continue reading
Posted in Arkansas, Election, Harrah's, Internet gambling, New York, Pennsylvania, Politics, Sheldon Adelson, Taxes
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Lucky Dragon forges ahead; Calm urged in Macao
By this point, it’s hardly news that Lucky Dragon Casino is on track to open in December, breathing some additional life into the north Strip (we hope). However, Lucky Dragon execs continue to argue that they should have received tax-increment … Continue reading
Posted in Economy, International, Lucky Dragon, Macau, Marketing, Regulation, Sheldon Adelson, Taxes, The Strip, Tourism
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Straub: Name my casino!; RAWA breathes its last … for now
Glenn Straub has either thrown up his hands over the task of renaming Revel or is feeling the spirit of democracy. Either way, he’s taking suggestions from the Twitterverse as to potential new monikers, with a $10,000 for the winning … Continue reading
Macao: The 9% solution; It’s a bird, it’s a plane, it’s Steve Wynn
Supply has overrun demand in Macao, where a wave of impending megaresorts is rolling in on an emaciated marketplace. But optimistic noises are being heard at Global Gaming Expo Asia, amid the robotic croupiers and other new toys. “The sentiments … Continue reading
Posted in Downtown, Economy, Entertainment, G2E, International, Lawrence Ho, Macau, Pennsylvania, Politics, Regulation, Steve Wynn, Taxes
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Brockton casino nixed; The sleeping tiger
An “uninspiring” design and a lack of a solid Brockton business plan scuppered Neil Bluhm‘s ambitions in Massachusetts. The state’s gaming commission voted his proposal down, 4-1. “If this were a knockout proposal and a great strategy to lift Brockton, this … Continue reading
Posted in Delaware, Economy, International, Massachusetts, Neil Bluhm, Politics, Racinos, Regulation, Sheldon Adelson, Singapore, Taxes, Tribal
2 Comments
Case Bets: California, Florida, Minnesota, Macao
In a dramatic development, the six-tribe coalition that opposed letting PokerStars into California stood aside, clearing the path to unanimous approval by the Assembly Governmental Organization Committee of a bill by state Rep. Adam Gray that would legalize online poker in … Continue reading
Posted in California, Election, Florida, Galaxy Entertainment, history, Horseracing, Internet gambling, Macau, Minnesota, PokerStars, Politics, Taxes, Tribal
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Macao junketeers left holding the bag; Lionel Richie wows the ladies
We could see another shakeout in Macao junket operators. According to Daiwa Securities Group, most of the industry is “struggling just to break even.” Part of that problem is that they’re carrying almost $3,9 billion in bad debt — and you … Continue reading
Posted in Australia, Economy, Entertainment, Foxwoods, International, Macau, Marketing, Melco Crown Entertainment, Mohegan Sun, Penn National, Planet Hollywood, Regulation, Sheldon Adelson, South Dakota, Sports, Steve Wynn, Taxes, The Strip, Tribal, Wall Street
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Strip disappoints in March; Genting pulls out of Macao
Just when Wall Street expected levels of revenue on the Las Vegas Strip to rise in March, business did a head-fake and dropped 4%. Again, “the Easter shift” is being blamed but stock analysts should have seen that coming. (A … Continue reading
Posted in Boulder Strip, Downtown, Economy, Genting, Internet gambling, Lake Tahoe, Laughlin, Macau, North Las Vegas, Regulation, Reno, Singapore, Stanley Ho, Taxes, The Strip, Tourism, Tropicana Entertainment, Unite-Here, Wall Street
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It’s official: Boyd buys Cannery; Massachusetts’ agonizing dilemma
Confirming the worst-kept secret in Las Vegas, suddenly acquisitive Boyd Gaming announced that it was buying out Cannery Casino Resorts. The price ($230 million) was toward the lower end of Wall Street had predicted for the deal and means the … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Cannery Casino Resorts, Downtown, Economy, Massachusetts, Neil Bluhm, North Las Vegas, Penn National, Regulation, Taxes, The Strip, Tourism, Tribal, Wall Street
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