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- If you can’t beat ’em, cheat ’em; Fun & games
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- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
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- Alice Eskandari on Durango Station, slightly downsized
- 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
- ACGambler on MGM limping back; Atlantic City follies; Wall Street Jottings
- Bob on Bally’s opens, Chicago yawns; MGM, tree murderers
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- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,562 views
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- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,688 views
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Category Archives: Taxes
Rumble in Macao
Although an oft-promised loosening of visa restrictions by Peking stubborny refuses to materialize, an air of cautious hopefulness has crept back into Macao now that City of Dreams has opened on schedule — and it looks dazzling. Aggressive revenue projections … Continue reading
Posted in Atlantic City, Boyd Gaming, Cannery Casino Resorts, Cosmopolitan, Current, Economy, Genting, George Maloof, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Penn National, Planet Hollywood, Sheldon Adelson, Stanley Ho, Station Casinos, Steve Wynn, Taxes, The Strip
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Pansy Ho: time for Plan C
In my usual cart-first, horse-later fashion, I elicited a legal opinion regarding the scenario I postulated the other night: MGM Mirage spinning off either its Atlantic City holdings or MGM Grand Macau into a quasi-autonomous entity, much as Sheldon Adelson … Continue reading
Posted in Atlantic City, Boyd Gaming, Carl Icahn, James Packer, Lawrence Ho, Macau, Melco Crown Entertainment, MGM Mirage, Regulation, Sheldon Adelson, Stanley Ho, Taxes
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Perp Show
If you're bald, weight 285 lbs. and have one arm in a cast, you're not exactly inconspicuous. So how was it that that such a hefty man was to infiltrate a VIP area of Planet Hollywood and bust into Peepshow … Continue reading
Posted in Atlantic City, Boyd Gaming, Cirque du Soleil, Colony Capital, Current, Donald Trump, Economy, Election, Entertainment, Fontainebleau, Harrah's, MGM Mirage, Planet Hollywood, Politics, Regulation, Taxes, The Strip, Tropicana Entertainment
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Grab your ankles, casinos
Nevada lawmakers’ revenue model. There’s one industry that does far and away more than any other to pay the bar tab for the State of Nevada and it’s probably about to be mandated to pay even more. That’s because even … Continue reading
Posted in Baseball, Economy, Politics, Steve Wynn, Taxes
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Grab your ankles, casinos
Nevada lawmakers’ revenue model. There’s one industry that does far and away more than any other to pay the bar tab for the State of Nevada and it’s probably about to be mandated to pay even more. That’s because even … Continue reading
Posted in Baseball, Economy, Politics, Steve Wynn, Taxes
Comments Off on Grab your ankles, casinos
Texas afterthoughts
My apologies for leaving regular readers high and dry on Thursday. I was KO'd by a viral infection of some sort. Between that and a couple of doses of Zicam, I spent most of the day drifting in and out … Continue reading
Posted in Baseball, Massachusetts, Sheldon Adelson, Taxes, Texas
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Case Bets: Kansas update, Cordish's push, Penn's prudence, taxing sex
Details of Lakes Entertainment‘s just-under-the-wire entry into the Kansas casino derby are beginning to emerge — and it looks a bit half-assed. Particularly non-confidence-inspiring was the admission, “We’re going to go find the cash.” If somebody as flush as Phil … Continue reading
Posted in Cordish Co., Harrah's, Horseracing, Kansas, MGM Mirage, Taxes, Tropicana Entertainment
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Death, taxes and Station Casinos
It’s all but certain that the unenviable steeplechase to be the first major gaming company to declare bankruptcy in 2009 will be won by … Station Casinos!* (On Tax Day, no less.) None of the company’s three rescue scenarios does … Continue reading
Posted in Boyd Gaming, Donald Trump, Economy, MGM Mirage, Sheldon Adelson, Station Casinos, Steve Wynn, Taxes, Wall Street
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Case Bets: MGM Mirage, Harrah's, Wynn, Shuffle Master, Taxes
As we wait for the MGM Mirage earnings report, signs of desperation mount. If the company is willing to cast away a pearl like new, costly and high-yielding MGM Grand Detroit, what isn’t sacred? Not even the corporate jet, provided … Continue reading
Posted in Columbia Sussex, Current, Detroit, Economy, Goldman Sachs, Harrah's, Labor, Lake Tahoe, Louisiana, MGM Mirage, Mississippi, Pinnacle Entertainment, Shuffle Master, Steve Wynn, Taxes, Technology, Wall Street
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Nevada Lege sticks it to you
Although a few Democrats in the state Senate toyed with the idea of growing a spine and opposing raising the hotel-room tax, all of them — plus several Republicans — did the easy thing and opted for Plan A: Soak … Continue reading
Posted in Cannery Casino Resorts, Economy, M Resort, Politics, Station Casinos, Taxes
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Big bounce in Pennsylvania
Casino revenues in the Keystone State leapt 14% from February of Leap Year to this year, at least at six of the state's seven casinos. (Hollywood Casino at Penn National Race Course is excluded; it wasn't open a year ago.) … Continue reading
Posted in Cannery Casino Resorts, Harrah's, James Packer, Neil Bluhm, Penn National, Pennsylvania, Sheldon Adelson, Taxes, Tribal
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Harrah's enjoys bailout
“Critics argue that the tax-law change rewards companies that took on too much leverage during the credit bubble, such as those that were bought by private-equity firms.” Sound like anybody we know? How about Harrah’s Entertainment, which played Russian roulette … Continue reading
Posted in Colony Capital, Economy, Harrah's, James Packer, Macau, Melco Crown Entertainment, MGM Mirage, Politics, Sheldon Adelson, Station Casinos, Taxes, Wall Street
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Gibbons retreats, sorta
Gov. Jim Gibbons has scuttled away from one of his several proposals to jack up taxes on the only segment of Nevada that's carrying its own weight — the casino bidness. He's retreating from a demand that casinos pay taxes … Continue reading
Posted in Atlantic City, Boulder Strip, Boyd Gaming, Colony Capital, Columbia Sussex, Donald Trump, Downtown, Economy, M Resort, Marketing, Mesquite, Movies, Politics, Station Casinos, Taxes, TV, Wall Street
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Casino Vote '08: Dan Lee's the big winner
JP Morgan has proclaimed Pinnacle Entertainment “the biggest winner this election day.” By voting to both lift the cap on buy-ins and the close Missouri to additional casinos, Show-Me State voters delivered a gift to Pinnacle CEO Dan Lee, who … Continue reading
Posted in Ameristar, Colorado, Current, Election, Gary Goett, Horseracing, Indiana, Maryland, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Regulation, Taxes
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Winners & Losers
And now the obligatory post-Election, What’s-it-all-about-Alfie roundup … Culinary Union 1, Casino CEOs O: True, the Culinary tripped all over its own feet in the early going, leading to Democratic caucuses that weren’t so much “Barackular” as “debacular.” But D. … Continue reading
Posted in Alaska, Ameristar, Atlantic City, California, Colorado, Current, Donald Trump, Economy, Election, Florida, Gary Goett, Harrah's, IGT, Internet gambling, MGM Mirage, Mississippi, Missouri, Pinnacle Entertainment, Politics, Sheldon Adelson, Steve Wynn, Taxes, The Strip, Tribal, Wall Street
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Just say ‘no’
Fall is in the air here and so is election fever. I’m just back from early voting and a honkin’ big Obama rally is gearing up on the other side of town, so the mind is full of matters electoral. … Continue reading
Penn impresses analysts
Penn National threw open its doors to Wall Street and JP Morgan, for one, came away impressed by what it heard. Basically, management is charting a fiscally conservative course, even though it could eventually reap $1.2 billion from its busted … Continue reading
Posted in Atlantic City, Boyd Gaming, Colorado, Election, Harrah's, Penn National, Taxes, Wall Street
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Case Bets: South Point, Gustav, Monte Carlo, Gold Spike, Excalibur, etc.
Why does a holiday weekend suck? Because it means that instead of having to dig through three days' worth of the Las Vegas Review-Journal on Monday (a depressing task under the best of circumstances), a Tuesday start means at least … Continue reading
Posted in Animals, Current, Downtown, MGM Mirage, Michael Gaughan, Mississippi, Monte Carlo fire, Sheldon Adelson, Tamares Group, Taxes, The Strip, Wall Street
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Don't tax me, bro!
Guess who's kvetching about his property tax bill? Why it's our old buddy, Columbia Sussex CEO William J. Yung III — or at least his surrogates at Horizon Vicksburg. It's been the better part of a year since Yung announced … Continue reading
Posted in Atlantic City, Columbia Sussex, Kansas, Mississippi, Morgans Hotel Group, Pennsylvania, Pinnacle Entertainment, Sheldon Adelson, Taxes, Tribal
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A good question
Math was always my worst subject, so it’s a good thing I’ve got sharp-eyed readers who keep me honest. One of them asks how MGM Mirage is going to save $75 million (later restated by the company as $200 million) … Continue reading
Posted in Baseball, International, Macau, MGM Mirage, Mississippi, Taxes, Wall Street
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