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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
Straub’s better mousetrap; Sparks Nugget in the clear
By now it is something of an understatement to say that Revel owner Glenn Straub thinks outside the box. Or, as the Philadelphia Inquirer put it, his “plans for the massive property have veered erratically from mud slides to academic … Continue reading
Posted in Atlantic City, Dining, Economy, Entertainment, Environment, Geoff Freeman, Glenn Straub, International, Law enforcement, Macau, Marnell Gaming, Pinnacle Entertainment, Regulation, Reno, Revel, Sheldon Adelson, Sports, Taxes
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Reversal in Jersey City; Tables buoy Pennsylvania grosses
Shoe mogul Paul Fireman‘s plan to build a $4.6 billion megaresort in Jersey City is losing the support of Mayor Steve Fulop (D). New Jersey State Building & Construction Trades Council President William T. Mullen was sent into a howl of … Continue reading
Posted in Atlantic City, California, GLPI, Greenwood Racing, Harrah's, Isle of Capri, Mohegan Sun, Neil Bluhm, Penn National, Pennsylvania, Politics, Racinos, Sheldon Adelson, Taxes
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Smoke gets in their eyes; Tax breaks all around
Yesterday morning, it looked like Baton Rouge casinos were going to have to brace themselves for a smoking ban. Today, they’re lighting up celebratory cigars in relief: While proponents of the smoking ban on the city council had six votes, … Continue reading
Posted in Boyd Gaming, Environment, GLPI, Harrah's, Louisiana, New York, Pinnacle Entertainment, Regulation, Reno, Taxes, Tribal, Tropicana Entertainment, Wall Street
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New life for California online poker?; Maine casino push struggles to stay alive
Online poker is described as being “as close as [it’s] ever been” to legalization in California. So says California Nations Indian Gaming Association Chairman Steve Stallings, as a bill by Assemblyman Adam Gray shows signs of advancing. The primary obstacle, as ever, … Continue reading
Posted in Dan Gilbert, Detroit, Election, Internet gambling, Maine, MGM Mirage, PokerStars, Taxes, Tribal
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Quote of the Day
“This casino project takes a significant piece of property off the tax rolls, and this is a problem for a county that has the dubious distinction of having the highest percentage of tax-exempt properties in the whole state. I think if … Continue reading
DFS dealt twin setbacks; Stalemate over Atlantic City
“As attorney general, it is my duty to uphold Alabama law, including the laws against illegal gambling. Daily fantasy sports operators claim that they operate legally under Alabama law. However, paid daily fantasy sports contests are in fact illegal gambling … Continue reading
Posted in Alabama, Atlantic City, Boyd Gaming, Downtown, Economy, Internet gambling, Massachusetts, Politics, Sports, Steve Wynn, Taxes
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Penn talks turkey; Celebrity brawl at Aria
Next week Penn National Gaming turns on the Marquee Rewards spigot at the Tropicana Las Vegas. Given some of management’s recent disclosures, it won’t come a day too soon: 85% of Penn’s customer base comes to Sin City but stays … Continue reading
Posted in Affinity Gaming, Ameristar, Boyd Gaming, CityCenter, Cordish Co., Full House Resorts, Harrah's, Indiana, Isle of Capri, Majestic Star, Marketing, Maryland, Massachusetts, MGM Mirage, Missouri, Ohio, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Steve Wynn, Taxes, The Strip, Tourism, Tribal, Tropicana Entertainment, Wall Street, West Virginia
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Penn trumps Caesars in Ohio
Hard Rock Rocksino regained its top spot in Ohio last month, grossing just over $20 million (+9%). Just imagine what it could do if it had table games. The Caesars Entertainment/Dan Gilbert trifecta continued to underperform, with a flat month … Continue reading
Posted in Dan Gilbert, Hard Rock International, Harrah's, New York, Ohio, Penn National, Pinnacle Entertainment, Racinos, Taxes, Tribal, Wall Street
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Genting comes to Massachusetts; Trump impasse on the Strip
As the Mashpee Wampanoag were preparing to break ground on Project First Light, halfway around the world Genting Malaysia was revealing the details of its management contract with the tribe. Genting holds a seven-year pact, by way of its Genting … Continue reading
Posted in Culinary Union, Donald Trump, Election, Genting, Geoff Freeman, Massachusetts, Penn National, Phil Ruffin, Sports, Steve Wynn, Taxes, The Strip, Tribal
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Freeman rakes Wolf; The delights and dangers of DFS
American Gaming Association President Geoff Freeman is throwing down against Pennsylvania Gov. Tom Wolf (D) and the latter’s desire to tax casino free play. If Wolf’s proposal had been in effect last year, the state would have netted slightly less … Continue reading
Posted in Arizona, Colorado, Florida, Geoff Freeman, Illinois, International, Internet gambling, Marketing, Oklahoma, Pennsylvania, PokerStars, Taxes, Tribal
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Perversity in Macao; MGM Springfield gets underway
In a seemingly perverse move, Macao Chief Executive Fernando Chui rejected a lifeline that the Beijing government was trying to throw to his city. The former had announced its intention to “optimize and adjust” the Individual Visit Scheme that brings … Continue reading
Posted in Architecture, Economy, Florida, Foxwoods, Macau, Massachusetts, MGM Mirage, Mohegan Sun, Taxes, Tourism, Tribal
1 Comment
Sands, MGM butt heads over taxes; Adelson ships dealers to Singapore
Even before the ink was dry on yesterday’s poll numbers, Las Vegas Sands President Rob Goldstein was in front of the Southern Nevada Tourism Infrastructure Committee, stumping for a $1.3 billion, taxpayer-funded, NFL-ready stadium. The 65,000-seat facility would be built on the … Continue reading
Posted in Economy, Macau, MGM Mirage, New York, Sheldon Adelson, Singapore, Sports, Taxes, The Strip, Tribal
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Tribal gaming comes to Indiana; Casinos change hands in Macao
Indiana casinos are on course to face a significant new competitor: a $400 million project in South Bend, bankrolled by the Pokagon Band of Potawatomi Indians. No date has been set for the beginning of construction but the Potawatomi have struck … Continue reading
Posted in Indiana, International, Macau, Regulation, Stanley Ho, Taxes, Tribal
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Setback for Penn; New problem for Atlantic City
It was Iowa Racing & Gaming Commission 1, Penn National Gaming 0 in an Iowa appellate court. Penn had been trying to get the license of its Belle of Sioux City reinstated, claiming it was deprived of due process. That … Continue reading
Posted in Atlantic City, Iowa, MGM Mirage, Neil Bluhm, New York, Penn National, Politics, Regulation, Taxes, Wall Street, Warner Gaming
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Tracks questionable in Kansas, safe in West Virginia
“Wouldn’t we just be taking money from [Kansas Star Casino] and moving it to Mr. Ruffin’s pockets?” So asked state Rep. Mark Kahrs (R) of a controversial bill to permit a Sedgwick County vote on whether to convert Phil Ruffin‘s Wichita … Continue reading
Posted in Animals, Australia, Boyd Gaming, Election, Kansas, MGM Mirage, New Hampshire, Phil Ruffin, Politics, Racinos, Slot routes, Taxes, The Strip, Tourism, West Virginia
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That impersonal touch; Big day for MGM
What is almost completely missing from this commercial? Caesars Entertainment guests are lengthily shown drinking, dining, riding the High Roller (which could use the traffic) and — as a very brief afterthought — gambling. So the company’s definitely on the … Continue reading
Posted in California, CityCenter, Detroit, Dubai, Genting, Harrah's, International, LVCVA, MGM Mirage, Mississippi, Penn National, Regulation, Riviera, Taxes, Technology, The Strip, Tourism, Tribal, Wall Street
1 Comment
Doldrums in Louisiana; Free play imperiled in Pennsylvania
Louisiana gaming revenues, aided by Leap Day, were flat last month, which is pretty surprising because most of the brand names had revenue-negative months. Lake Charles led the state with $74 million. Golden Nugget had a signal month, up 37% … Continue reading
Posted in Boyd Gaming, Churchill Downs, Eldorado Resorts, Election, GLPI, Greenwood Racing, Harrah's, Horseracing, Idaho, Isle of Capri, Louisiana, Maine, Penn National, Pennsylvania, Pinnacle Entertainment, Taxes, Tilman Fertitta, Tropicana Entertainment, West Virginia
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High-stakes headbutting in Hartford; Pennsylvania grapples with slot routes
All the key players in Connecticut finally butted heads in a showdown in Hartford yesterday. In one corner, you had the casino-ineligible Schaghticoke Tribal Nation. Behind it was its patron, MGM Resorts International, which has a $950 million investment in Springfield, … Continue reading
Posted in Economy, Florida, Foxwoods, Massachusetts, MGM Mirage, Mohegan Sun, Pennsylvania, Politics, Problem gambling, Seminole Tribe, Slot routes, Taxes, Tribal
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Rosy prospects for Boyd; Victories in Indian Country
Top Boyd Gaming executives sat down with JP Morgan analyst Joseph Greff and sketched out their program for the coming year, with includes new restaurant concepts at 12 casinos (including 20 new restaurants this year) and 167 hotel rooms at … Continue reading
Missouri: No misery here; Trouble at Trump
Foot traffic in Missouri casinos was up 3%, as customers spent 4% more than last year, leading to an 8% increase in casino revenue. Both Pinnacle Entertainment and Penn National Gaming came in comfortably above Deutsche Bank analyst Carlo Santarelli‘s … Continue reading
Posted in Culinary Union, Donald Trump, Harrah's, Isle of Capri, Missouri, Penn National, Pinnacle Entertainment, Taxes, The Strip, Tropicana Entertainment, Trump Entertainment Resorts, Wall Street
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