Category Archives: Taxes

Raw deal

Posted on June 18, 2011 by David McKee

In the end two, casino operators bent over, grabbed their ankles and took it hard from Gov. John Kasich (R), who can claim a near-unqualified victory — and in blistering time. With money and pilings already sunk into Ohio, neither … Continue reading →

Posted in Bally Technologies, Boyd Gaming, Current, Election, Harrah's, Horseracing, IGT, Indiana, Isle of Capri, Ohio, Penn National, Pinnacle Entertainment, Racinos, Regulation, Taxes, Wall Street, WMS Industries | 3 Comments

Those evil casinos; Lost in Yonkers; Found in Bethlehem

Posted on June 10, 2011 by David McKee

Floating down the river of DeNile, Sharron Angle says a senatorial seat that was rightfully hers was filched by “the casinos,” among other malefactors. Of course, this is the same woman who would have subtracted CityCenter from the local tax … Continue reading →

Posted in Atlantic City, CityCenter, Current, Election, Maine, New York, Pennsylvania, Politics, Racinos, Sheldon Adelson, Taxes, The Strip, Tourism | 1 Comment

Quote of the Day

Posted on June 10, 2011 by David McKee

“[Nevada Gaming Control Board analyst Michael] Lawton said the taxes were up despite revenue being down because of credit play and collections from prior months. Lawton said that when players lose money gambling on casino credit, casinos tally the monthly … Continue reading →

Posted in Economy, Regulation, Taxes | Comments Off on Quote of the Day

Life’s good …

Posted on June 8, 2011 by David McKee

… if you happen to be George Maloof and can hang out at Palms Place on Sunday with a bunch of Miss USA contestants. However, as for young lovelies like … … Miss Nevada, one Sarah Chapman, I’d advise staying … Continue reading →

Posted in Ameristar, Culinary Union, Current, Dining, Downtown, Economy, Election, Entertainment, George Maloof, Harrah's, Iowa, Isle of Capri, Penn National, Taxes, The Strip | Comments Off on Life’s good …

Sands: Pump up the volume; Nevada’s new casino tax; Cannery’s secret weapon

Posted on June 1, 2011 by David McKee

As in “VIP volume.” That’s what Las Vegas Sands has to do in order to monetize some of its Macao assets, according to a J.P. Morgan report that appeared this morning. In the course of meeting with Sands honchos, Joseph … Continue reading →

Posted in Boulder Strip, Cannery Casino Resorts, Economy, Herbst Gaming, Macau, Marketing, North Las Vegas, Oscar Goodman, Pennsylvania, Racinos, Regulation, Sheldon Adelson, Singapore, Taxes, The Strip, Tourism, Wall Street | 3 Comments

Illinois’ suicide pact; Donald Trump, freeloader

Posted on May 31, 2011 by David McKee

Whether you spent Memorial Day grilling some bratwurst or, like me, crawling around with Murphy’s Oil Soap and a cleaning cloth, we did no harm. That can’t be said for the Illinois House of Representatives, which opened a can of … Continue reading →

Posted in Bally Technologies, Current, Donald Trump, Economy, Horseracing, IGT, Illinois, Indiana, Iowa, Missouri, Penn National, Politics, Racinos, Regulation, Slot routes, Taxes, The Strip, WMS Industries | 3 Comments

Quote of the Day

Posted on May 31, 2011 by David McKee

“[That’s] like saying that a third of the houses available are vacant, but let’s help the economy by building more houses.” — Illinois Casino Gaming Association Executive Director Tom Swoik, testifying against a bill that would more than double the … Continue reading →

Posted in Current, Economy, Illinois, Politics, Racinos, Regulation, Taxes | Comments Off on Quote of the Day

The wild bunch

Posted on May 23, 2011 by David McKee

There’s no one more depraved than a politician looking to close a revenue shortfall. So we’ve learned from the drive-by shootings hailing from the amoral outlaw band otherwise known as the Nevada Legislature. As sage political pundit Obi-Wan Kenobi observed, … Continue reading →

Posted in Cantor Gaming, Colorado, Economy, MGM Mirage, Midnight Jim Gibbons, Movies, Politics, Problem gambling, Regulation, Taxes | 2 Comments

Kasich screws casinos; Adelson screws the pooch

Posted on May 12, 2011 by David McKee

Our next-to-worst fears for Ohio have come to pass: Caesars Rock Ohio has temporarily pulled the plug on both its Cincinnati (above) and Cleveland casinos. It’s the latest escalation in a war between developers and state government, which wants to … Continue reading →

Posted in Cannery Casino Resorts, Current, Economy, Hard Rock Hotel, International, Kansas, Macau, Marketing, Ohio, Penn National, Politics, Regulation, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, The Strip, TV, Wall Street | 3 Comments

John Kasich, casino killer

Posted on May 3, 2011 by David McKee

Aw, isn’t this great? After Gov. John Kasich (R-OH) made the ludicrous claim that Ohio voters didn’t know what they were getting into when they approved a casino initiative in 2008, his legislative allies are trying to up the ante. … Continue reading →

Posted in Current, Economy, Election, Harrah's, history, Kentucky, Lyle Berman, MGM Mirage, Ohio, Penn National, Politics, Racinos, Regulation, Taxes, The Strip, Tribal, TV, Wall Street | 6 Comments

Steve, Steve, what gives?

Posted on May 3, 2011 by David McKee

Dear Steve Wynn: No this really isn’t about that truly unfortunate (to put it gently) wedding video that Wynn Las Vegas put on YouTube last Monday. Although, as Hunter Hillegas posted on Twitter, “That video kinda freaks me out. Also, … Continue reading →

Posted in CityCenter, Cretins, Donald Trump, Dubai, Economy, Entertainment, history, Internet gambling, Macau, MGM Mirage, Pokergeddon, Politics, Regulation, Steve Wynn, Taxes, Technology, The Strip | 4 Comments

Was Pokergeddon a setup?

Posted on May 2, 2011 by David McKee

In his latest column, “Prohibition Is Not Regulation” (an early draft can be seen here) gaming-law guru I. Nelson Rose rakes the Obama administration for choosing “to ignore the lessons of history and take worst aspects of the choices available.” … Continue reading →

Posted in Harrah's, International, Internet gambling, MGM Mirage, Politics, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Taxes, The Strip, Tribal, Wall Street | 3 Comments

At the winner is … Isle of Capri; Big shakedown in Ohio

Posted on April 14, 2011 by David McKee

That ongoing Isle of Capri Casinos Comeback Tour comes to Nemacolin Woodlands Resort, which won Pennsylvania‘s final “resort casino” license earlier today. Situated in the greater Pittsburgh area, the rural getaway is owned by lumber tycoon (and “george” political donor) … Continue reading →

Posted in Economy, Election, Harrah's, Isle of Capri, M Resort, Maryland, Ohio, Penn National, Pennsylvania, Politics, Racinos, Regulation, Taxes, TV, Wall Street, West Virginia | 6 Comments

Caught between a skank and a Hard Rock; Kasich vs. casinos

Posted on April 11, 2011 by David McKee

Morgans Hotel Group may have skedaddled out of Las Vegas, tail firmly between legs, but it’s not free of trouble linked to its calamitous Sin City sojourn. During Morgans stewardship of the Hard Rock Hotel & Casino, it offered $300,000 … Continue reading →

Posted in Cirque du Soleil, CityCenter, Economy, Entertainment, Florida, Harrah's, Illinois, Indiana, International, Internet gambling, Iowa, Louisiana, MGM Mirage, Morgans Hotel Group, Ohio, Penn National, Politics, Racinos, Regulation, Steve Wynn, Taxes, The Strip, Uncategorized | 2 Comments

Marriott moots LV casino

Posted on April 8, 2011 by David McKee

Offering Sin City a slim reed of hope, Marriott International has let it be known — through “trailer station” operator United Coin — that it hopes to build a 3,500-room casino-hotel directly opposite the Las Vegas Convention Center. Considering the … Continue reading →

Posted in Colony Capital, Current, Florida, Harrah's, history, LVCVA, Mississippi, Politics, Racinos, Regulation, Taxes, The Strip, Tribal | 5 Comments

Salvation for Illinois? “Golden Boys” strike again

Posted on March 31, 2011 by David McKee

According to lobbyists for MGM Resorts International‘s Grand Victoria riverboat, the smoking ban in Illinois has stove in casino revenues by 33%. Statewide, the average is -28% since 2008 — costing the state no small amount of tax monies — … Continue reading →

Posted in Boyd Gaming, Current, Economy, Florida, Harrah's, Illinois, Indiana, Internet gambling, MGM Mirage, Politics, Regulation, Sports, Station Casinos, Taxes, Tilman Fertitta, TV | Comments Off on Salvation for Illinois? “Golden Boys” strike again

Terry the Casino Slayer

Posted on March 24, 2011 by David McKee

When Iowa Gov. Terry Branstad (R) was campaigning to reclaim his old office from Chet Culver (D), he argued against Culver’s casino-expansion plan, arguing that it was economically inadvisable. With the Iowa casino market not so much saturated as waterlogged, … Continue reading →

Posted in Ameristar, Atlantic City, Current, Economy, Election, Harrah's, Herbst Gaming, Illinois, Indiana, Internet gambling, Iowa, Isle of Capri, Penn National, Politics, Stanley Ho, Taxes, Tribal | Comments Off on Terry the Casino Slayer

More fun with geography; Langford & The Man; Caesars’ rough week

Posted on March 18, 2011 by David McKee

What’s in a mile? A lot more than you might think, especially if you’re a Maine legislator. Confronted with a pesky requirement that gambling venues in the Pine Tree State must have 100-mile exclusivity zones, some would redefine a “mile” … Continue reading →

Posted in Atlantic City, Don Barden, Economy, Election, Harrah's, Horseracing, Illinois, Indiana, Macau, Maine, Neil Bluhm, Penn National, Pennsylvania, Politics, Racinos, Sheldon Adelson, Sports, Taxes, The Strip, Wall Street | 1 Comment

Vegas in January: Dazed and confusing

Posted on March 10, 2011 by David McKee

It’s not as though there aren’t signs of hope for the Nevada economy. And even as empty storefronts continue to proliferate and housing prices tank in Las Vegas, there’s a “green shoot” or two, if you look for them. The … Continue reading →

Posted in Boulder Strip, Cosmopolitan, Current, Downtown, Economy, history, IGT, Lake Tahoe, North Las Vegas, Regulation, Sheldon Adelson, Taxes, The Strip, Tourism, Transportation, Wall Street | 3 Comments

This just in: NV ponders ‘Net bets

Posted on March 10, 2011 by David McKee

While certain politicians and even casino executives continue to keep a finger in the dike that protects Americans from — gasp! — gambling online, the dike is fast crumbling around them. Nevada is the latest state to join the jailbreak. … Continue reading →

Posted in Atlantic City, Current, Economy, Harrah's, International, Internet gambling, Iowa, Politics, Regulation, Taxes | Comments Off on This just in: NV ponders ‘Net bets