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- Atlantic City rebounds; Sibella dumped; NFL suspicions
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- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,686 views
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Category Archives: Taxes
Quote of the Day
“It’s pretty obvious that the Ohio electorate bought into the whole culture of despair that’s going on with the economy.” — casino opponent and Ohio Policy Roundtable member David Zanotti, bewailing last night’s ratification of Class III gambling in the … Continue reading
Meet the new Cincinnati Kid
For our purposes, the main headline comes from Ohio, where Issue 3 passed amid heavy voter turnout — if not by the wide margin pollsters had forecast. (At least they didn’t screw the pooch like all those pollsters who had … Continue reading
Posted in Atlantic City, Bally Technologies, Current, Economy, Election, Horseracing, IGT, Ohio, Penn National, Politics, Racinos, Regulation, Taxes, WMS Industries
2 Comments
They’re just wild about Harry
Despite his (at best) tepid standing with the Nevada electorate — whether the right or the left — Sen. Harry Reid (D) has almost every important name in the casino industry in his corner. Sheldon Adelson may yet choose to … Continue reading
Posted in Archon Corp., Cordish Co., Economy, Election, Entertainment, Harrah's, Harry Reid, International, Macau, Maryland, MGM Mirage, Pennsylvania, Politics, Regulation, Sheldon Adelson, Singapore, Station Casinos, Steve Wynn, Taxes, TV, Wall Street
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Case Bets: Pinnacle, Pennsylvania, Harrah’s & Sands
Third quarter at PNK: 3Q09 numbers are out for Pinnacle Entertainment and the comparisons cover the spectrum from very good (Lumiere Place up 19%), good (+5% at L’Auberge du Lac) and lousy (-13% aboard Boomtown New Orleans). Once a free-spending … Continue reading
MGM: CityCenter worth $4.88 billion
MGM Mirage has announced that it's writing off approximately $1.3 billion (i.e., taking an "impairment charge") against CityCenter, with $348 million of that chalked up to falling real estate values. (Some $174 million of that will apparently be fobbed off … Continue reading
Posted in CityCenter, Columbia Sussex, Current, Economy, Kansas, MGM Mirage, Missouri, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Taxes, Tourism, Transportation, Wall Street
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Why does Steve Wynn hate America?
Or maybe the question should be, What was Steve Wynn smoking before he told CNBC "Money Honey" Maria Bartiromo that Wynn Macau was making more than all other 30 Macao casinos combined? Perhaps he meant his joint is the single-highest-grossing … Continue reading
Posted in CityCenter, Economy, Encore, Entertainment, Harrah's, International, Macau, MGM Mirage, Planet Hollywood, Sheldon Adelson, Steve Wynn, Taxes, The Strip, TV
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East Coast antics
Wrong again. There I was, thinking the proposed $10 million upfront fee for table games in Pennsylvania was a done deal when the GOP-controlled state Senate upped it to $15 million (and if you don’t pay by June 1, it … Continue reading
Posted in CityCenter, Economy, Entertainment, Environment, Harrah's, Horseracing, MGM Mirage, Penn National, Pennsylvania, Politics, Racinos, Steve Wynn, Taxes, The Strip, Tribal
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What's a Trump casino worth?
Only $14 million in cash (plus a $100 million equity infusion), according to The Donald. Bondholders say, we’ll see your $115 million and raise you $100 million. The latter would recoup at least some — but not very much — … Continue reading
Posted in Atlantic City, Baseball, Current, Donald Trump, Fontainebleau, Harrah's, Harry Reid, Horseracing, Illinois, International, Internet gambling, Lawrence Ho, M Resort, Macau, Massachusetts, Melco Crown Entertainment, Neil Bluhm, Ohio, Oklahoma, Penn National, Pennsylvania, Politics, Regulation, Sheldon Adelson, Slot routes, Sports, Station Casinos, Steve Wynn, Taxes, Texas, Tribal
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Want your ass kicked?
Then go hang out at Stack. If they don’t like your looks, the in-house goons will be sicced on you. And Las Vegans wonder at the schadenfreude so many people feel with regard to Sin City’s current doldrums. No magic … Continue reading
Posted in Colorado, Dining, Election, Harrah's, Illinois, MGM Mirage, Penn National, Pennsylvania, Sheldon Adelson, South Carolina, Taxes, The Strip, Tourism, Transportation
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Hell no, they won't; Penghu punk'd; Barbarians at the gates (again)
Pay taxes, that is. Two Indiana racinos are pushing back against a tax rate that averages 38%. Considering that the two tracks — one run by Cordish Gaming — are the newbies on the Hoosier State scene, one could fairly … Continue reading
Posted in Alex Yemenidjian, Boyd Gaming, CityCenter, Cordish Co., Cosmopolitan, Fontainebleau, Harrah's, Horseracing, Indiana, International, MGM Mirage, Penn National, Riviera, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, The Strip, Tribal, Wall Street
Comments Off on Hell no, they won't; Penghu punk'd; Barbarians at the gates (again)
Can John Ensign disown his dad?
Sen. John Ensign (R-NV) finally has achieved distinction within the Senate — albeit in a manner of which he’s surely never dreamt. Citizens for Ethics & Responsibility in Government* has named Johnny Casino to its Most Corrupt Members of Congress … Continue reading
Posted in Detroit, Illinois, Kansas, MGM Mirage, Politics, Regulation, Taxes, Technology
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No more "free" play?; Sahara sleaze; Donny & Tina; Criss F. Angel
In a decision that could have wide-ranging implications, Foxwoods Casino Resort and Mohegan Sun have been ordered to count (and pay taxes on) “free play” coupons as though they were revenue. This isn’t a sock-it-to-the-players move like the one the … Continue reading
Posted in Cirque du Soleil, Current, Dining, Entertainment, Harrah's, Illinois, MGM Mirage, Sahara, Taxes, The Strip, Tribal, TV
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Economic recovery in sight?
Vegas casino F&B directors seem to think so. From our trusty LVA research department comes word that The Orleans and Mandalay Bay are ending their one-price-all-day buffet specials. Better/worse still, Palace Station is hiking the price of its buffet — … Continue reading
Posted in Boyd Gaming, CityCenter, Dining, Economy, Entertainment, MGM Mirage, Monte Carlo fire, Station Casinos, Taxes
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Economic recovery in sight?
Vegas casino F&B directors seem to think so. From our trusty LVA research department comes word that The Orleans and Mandalay Bay are ending their one-price-all-day buffet specials. Better/worse still, Palace Station is hiking the price of its buffet — … Continue reading
Posted in Boyd Gaming, CityCenter, Dining, Economy, Entertainment, MGM Mirage, Monte Carlo fire, Station Casinos, Taxes
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Reality check
It's sackcloth-and-ashes time at the Las Vegas Review-Journal, which ran another "The end is nigh" story about falling gambling revenues. (The Aliante Station Effect appears to have petered out in North Las Vegas.) Yes, we're all the way down, down, … Continue reading
Posted in Boulder Strip, Boyd Gaming, Current, Downtown, Economy, Harrah's, Marketing, MGM Mirage, Michael Gaughan, North Las Vegas, Station Casinos, Taxes, The Strip, Tourism, Wall Street
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'Show Me' no stinkin' IDs
"We don't want them in there," huffs Ameristar Casinos' Troy Stremming (left) with regard to pathological gamblers. Stremming's high dudgeon rings a mite hollow now that the Missouri ballot initiative he crafted and shepherded to victory last fall is providing … Continue reading
Posted in Ameristar, Missouri, Penn National, Problem gambling, Regulation, Taxes
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'Show Me' no stinkin' IDs
"We don't want them in there," huffs Ameristar Casinos' Troy Stremming (left) with regard to pathological gamblers. Stremming's high dudgeon rings a mite hollow now that the Missouri ballot initiative he crafted and shepherded to victory last fall is providing … Continue reading
Posted in Ameristar, Missouri, Penn National, Problem gambling, Regulation, Taxes
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Harrah's goes to the dogs
Harrah’s Entertainment is poking its snout into the prospect of obtaining a management contract at bankrupt Twin River Casino, a dog track with VLTs in Rhode Island. The paraphrase of the explanation given by Harrah’s senior veep Jan Jones seems … Continue reading
Posted in Animals, Colony Capital, Harrah's, Massachusetts, Politics, Problem gambling, Taxes
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The Trop heist that wasn't
"An improvident indictment." That's what New Jersey officials are calling a case that was quietly quashed in May. Sacked Borgata veep John Conklin and two other men had been charged with plundering the Tropicana Atlantic City's database when they were … Continue reading
Posted in Atlantic City, Boyd Gaming, Donald Trump, Entertainment, Golden Gaming, Harrah's, Herbst Gaming, Kansas, Neil Bluhm, North Las Vegas, Pennsylvania, Politics, Sheldon Adelson, Singapore, Taxes, The Strip, Transportation
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