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Category Archives: Technology
Cuomo’s New York mess thickens
Bowing to pressure from New York State Gov. Andrew Cuomo (D), the Gaming Facility Location Board is starting the clock on a new round of bidding for casinos in the state’s thinly populated Southern Tier. It didn’t draw much interest last … Continue reading
Posted in Economy, International, James Packer, LVCVA, New York, Philippines, Regulation, South Korea, Sports, Technology, The Strip, Transportation
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Wynn faces sore loser in Boston
Steve Wynn was finally able to close a $35 million deal on the site of his Everett, Massachusetts, casino project. That’s good, because Wynn has to deal with new perfidy from Boston Mayor Martin “McCheese” Walsh. The latter’s long silence … Continue reading
Posted in Derek Stevens, Downtown, Massachusetts, Politics, Regulation, Steve Wynn, Tamares Group, Technology
1 Comment
Atlantic City faces uncertain 2015; Wynn remakes Boston look
It can’t get any worse. That’s the cautious mantra emerging from the Boardwalk, where Atlantic City shed four casinos last year. Trump Taj Mahal is on life support provided by Carl Icahn and Caesars Entertainment CEO Gary Loveman has cast … Continue reading
Posted in Architecture, Atlantic City, Carl Icahn, Economy, Glenn Straub, Harrah's, Massachusetts, Regulation, Revel, Steve Wynn, Technology, Tribal, Trump Entertainment Resorts
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Quote of the Day
“We have hit the tipping point. The industry has embarked upon the unsound strategy of raising the price of the product. I don’t think they want to admit they priced it too high. They keep adding bonusing rounds and top-box … Continue reading
Posted in Economy, Marketing, Technology
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Forcible restraint in Massachusetts; The big winners in Philadelphia
As you’ve read here earlier, the Massachusetts Gaming Commission is eyeing the concept of “play management.” It’s a somewhat paternalistic concept wherein players pre-set a loss limit and are rewarded with free-play credits, points or other incentives for staying within … Continue reading
The sport of kings in cyberspace
Illinois‘ addiction to gaming revenues resembles that of a heroin junkie in the throes of severe withdrawal. The latest proposed “fix” would create de facto racinos at all of the state’s horse tracks. State Rep. Dwight Kay (R) is pushing … Continue reading
Posted in Horseracing, Illinois, Kentucky, Technology, Wall Street
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Philadelphia decision tipped; Insolvency on the high seas
While we’ve been focused on Boston and New York, a major casino decision in Philadelphia has been creeping upon us. The second casino license in Philly city limits is to be awarded on Nov. 18 and early intel has it … Continue reading
Posted in Atlantic City, Cordish Co., Economy, Election, Florida, Geoff Freeman, Greenwood Racing, Maryland, Massachusetts, MGM Mirage, Minnesota, Neil Bluhm, Penn National, Pennsylvania, Problem gambling, Regulation, Steve Wynn, Technology, Tomato King Procacci, Tribal, Uncategorized
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Linking to The Linq; Tribal Internet push
After an unhappy interregnum as The Quad, the former Imperial Palace officially becomes The Linq today. (What was up with that Quad nonsense anyway?) It might as well be called “The Millennial,” given the number of amenities targeted to that … Continue reading
Posted in California, Dining, Donald Trump, Environment, GTECH, Harrah's, IGT, Internet gambling, Technology, The Strip, Tribal
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Feeling squeezed in Delaware, Indiana
No two ways about it, Delaware‘s racinos are failing. However, they have an ambitious plan to reverse that … providing the state is cooperative. One of the reasons the tracks are struggling is an onerous 40% tax rate on table … Continue reading
Posted in Bally Technologies, Delaware, Economy, Maryland, Ohio, Politics, Racinos, Scientific Games, Technology, Tribal
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The village idiot; Knuckle-dragging in Maryland
Every city has its cross to bear. In the case of Las Vegas, it’s former steroid user, baseball player and serial dumbass Jose Canseco. He obviously skipped firearm-safety class the day they told you to make sure your gun is … Continue reading
Posted in Cordish Co., Cretins, Entertainment, Harrah's, International, Maryland, Planet Hollywood, Regulation, Technology, The Strip
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Fighting on in New Jersey; One-armed banditry
Monmouth Park may have been stayed from offering NFL and World Series bets, among others, but state Sen. Raymond Lesniak (D) isn’t giving up fighting the good fight, describing it as “the last hurrah.” Describing an Atlantic City that’s devoid … Continue reading
Posted in Atlantic City, Entertainment, Foxwoods, Harry Reid, Illinois, Macau, Mohegan Sun, Racinos, Sports, Steve Wynn, Technology, The Strip
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Election Special: What’s at stake; Fire sale at Trump
We know the big enchilada is Massachusetts, where repeal of the state’s casino law is on the ballot. It looks like it’s going to lose big-time, but anti-gambling sentiment runs deep in parts of the state. We’ve already been over … Continue reading
Players take Vegas to the cleaners
Baccarat players stayed home or played smaller last month. The Strip’s most important revenue driver dropped 30% on 12.5% less play. So luck and players’ wallets were both working in the casinos’ disfavor. Despite a 2% increase in coin-in, slot … Continue reading
Posted in Boulder Strip, Cannery Casino Resorts, Downtown, Economy, Laughlin, Macau, North Las Vegas, Penn National, Pennsylvania, Racinos, Technology, The Strip
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Caesars’ shell game; Setback in Japan
“Extend and pretend.” Those are the words of gaming analyst Alan Woinski, describing the debt-management practices of Caesars Entertainment and CEO Gary Loveman: “they extended out the maturities and just put new debt on top of old debt, and the … Continue reading
An Angry Bird in the hand …
Although the relationship between casinos and skill-based games (poker excepted) has been that of vampire and crucifix, Atlantic City casinos are coming around to the idea of monetizing Words with Friends, say, for the casino floor. There’s even a “New … Continue reading
Posted in Atlantic City, International, Regulation, Sports, Technology
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Macao glass half-full
Although U.S. casino executives are whooping it up that anti-corruption probes are being curtailed in China, the damage continues to be done, judging by last month’s numbers in the VIP sector. The latter was down 26% while mass market play … Continue reading
Posted in IGT, Japan, Macau, MGM Mirage, Rhode Island, Sheldon Adelson, Stanley Ho, Technology, Wall Street
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Quote of the Day
“Boston’s a destination educationally, in terms of research, in terms of medical research and technology research. Boston is a little bit like Silicon Valley, and it’s a financial centre of major international proportions. Boston has got museums. It’s a serious … Continue reading
Posted in Macau, Regulation, Steve Wynn, Technology, Tourism
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VLTs come to Texas; Slots inundate Illinois; Gomes honored
Casino gambling has finally got its foot in the door of Texas (not counting a pair of tribal casinos on the Mexican border). Late last month, the Texas Racing Commission voted overwhelmingly to approve “historical racing” VLTs at Texas tracks, effective … Continue reading
Posted in Bally Technologies, Charity, Dennis Gomes, Economy, Illinois, Racinos, Regulation, Slot routes, Technology, Texas
1 Comment
Case Bets: Multimedia, Philadelphia, Maryland
Here’s a vivid account of Multimedia Games‘ reversal of fortune, how a company focused on B-level gaming markets established a presence in Nevada, Atlantic City and Pennsylvania, and improved its value sufficiently to make it a takeover target for Global … Continue reading
