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- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
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Category Archives: Transportation
Looking for love in Macao; Resorts World LV’s big bet
“All of the juice has been squeezed out of the orange. Macao is starting to resemble more mature competitive markets such as Las Vegas and Atlantic City.” Ouch! That was Bloomberg Intelligence contributing analyst David Bonnet, taking an exceptionally gloomy view … Continue reading
Norment’s Torment; New hope for Cal-Neva
Virginia state Sen. Tommy Norment (R) hasn’t been paying attention to the performance of MGM National Harbor. Placing a resort casino in northern Virginia would be, he says, “complete folly.” Instead, Old Virginny will have to put its hopes on … Continue reading
Posted in Caesars Entertainment, Canada, Dubai, Economy, history, Horseracing, International, Lake Tahoe, Law enforcement, Lotteries, Maryland, MGM Resorts International, Money laundering, New York, Ohio, Politics, Problem gambling, Resort fees, Sports, Sports betting, Taxes, The Strip, Tilman Fertitta, Transportation, Tribal, Virginia
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‘Sharp’ criticism of Congress; MGM a popular stock pick
Newly elected National Congress of American Indians President Fawn Sharp wasted no time in opening a can of whup-ass on the U.S. Congress. Speaking to the House Committee on Natural Resources Subcommittee for Indigenous Peoples of the United States Oversight, Sharp … Continue reading
Posted in Caesars Entertainment, California, Culinary Union, Derek Stevens, Dining, Eldorado Resorts, Entertainment, Hard Rock International, Japan, Las Vegas Raiders, Las Vegas Sands, Law enforcement, MGM Resorts International, Mohegan Sun, Penn National, Politics, Sports, Sports betting, Station Casinos, The Strip, Transportation, Tribal, Wall Street, Washington State, Wynn Resorts
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Tax-and-spend fantasy in Illinois; Encore Boston nickels and dimes its patrons
It’s more important to have a money-losing casino (upon which absolutely nobody has bid) in Chicago than to lower the über-confiscatory 72% tax rate. So says state Sen. Dave Syverson (R), a real crank. As Syverson puts it, “The problem with … Continue reading
Posted in Caesars Entertainment, Galaxy Entertainment, Golden Gaming, Illinois, Japan, Macau, Massachusetts, MGM Resorts International, Resort fees, Sheldon Adelson, Taxes, Terry Caudill, Transportation, Wynn Resorts
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Strip soft, locals firm; Big win for DraftKings
At $538 million, last month’s Strip gambling revenue fell 9%. Slot win was 1.5% up on 5.5% more coin-in. However, baccarat win plunged 27% on 20.5% less wagering. Non-baccarat table games were down 19% on 11% less betting. Strip casinos … Continue reading
Posted in Boulder Strip, Culinary Union, Downtown, DraftKings, International, Lake Tahoe, Laughlin, Law enforcement, Lotteries, MGM Resorts International, Money laundering, New Hampshire, North Las Vegas, Regulation, Reno, Sports betting, The Strip, Tourism, Transportation, Washington State
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Second thoughts on Japan; Seneca smackdown
Is it possible that Japan is too rich for the casino industry’s blood? Las Vegas Sands President Rob Goldstein recently pegged the cost of a Japanese megaresort at $12 billion, while Fitch Ratings thinks it will be closer to $15 … Continue reading
Posted in China, Galaxy Entertainment, Genting, International, Japan, Las Vegas Sands, Macau, MGM Resorts International, New York, Taxes, Transportation, Tribal, Wall Street
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Smoke gets in Boston’s eyes; Penn receives important award
Shuttles for Encore Boston Harbor are stirring up some local ire, due to the fumes they generate while idling at the Wellington MBTA Station curb. This has generated the threat of a lawsuit from the Conservation Law Foundation. It’s not just … Continue reading
Posted in Atlantic City, Churchill Downs, Cosmopolitan, Derek Stevens, Downtown, Encore, Entertainment, Illinois, Japan, Massachusetts, Movies, Penn National, Rush Street Gaming, Sheldon Adelson, Sports, Sports betting, Taxes, Technology, Terry Caudill, The Mob, Transportation, Wynn Resorts
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Choo-choo to Springfield; Penn hawks Trop
Don’t despair, MGM Springfield. There’s hope yet. Massachusetts politicians are touting the idea of high-speed rail between Boston and Springfield, as many as six rides per day. (Springfield currently must get by with once-a-day Amtrak service.) Gov. Charlie Baker (R) … Continue reading
Posted in China, Connecticut, Donald Trump, Downtown, Election, Foxwoods, Indiana, Louisiana, Maine, Massachusetts, MGM Resorts International, Mohegan Sun, New Hampshire, Penn National, Pennsylvania, Rhode Island, Sexual misconduct, Sheldon Adelson, Sports betting, The Strip, Transportation, TV, Twin River, Wynn Resorts
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Cosmo does it again; Georgia ponders casinos
It happened again. Smoke billowed over the Las Vegas Strip from an electrical fire at The Cosmopolitan of Las Vegas last night. No one was injured, thank God, and the damage appears to be minor. But it’s the second fire … Continue reading
Posted in Atlantic City, Baseball, Caesars Entertainment, Churchill Downs, Cosmopolitan, Eldorado Resorts, Election, Foxwoods, Georgia, Greenwood Racing, Hard Rock International, Horseracing, IGT, Illinois, International, Lotteries, Louisiana, MGM Resorts International, Mississippi, Politics, Scientific Games, Sports betting, Taxes, The Strip, Transportation
1 Comment
Quote of the Day
“We can no longer defend the shares in light of the latest discoveries, discoveries which significantly increase the risk profile for investors.”—Credit Suisse analyst Robert Spingarn, who called recent disclosures, such as the revelation that a pilot involved with the … Continue reading
Posted in Transportation, Wall Street
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Macao economy flounders; Massachusetts bonanza illusory
Macao got a double-barreled blast of bad news. First off, China‘s gross domestic product has slowed to growth rates not seen in almost 30 years. In fact, the R-word (“recession”) was invoked. Slow investment growth was blamed, as was the … Continue reading
Posted in Caesars Entertainment, California, Charity, China, Downtown, Economy, Foxwoods, Las Vegas Raiders, Law enforcement, Macau, Marketing, Massachusetts, MGM Resorts International, Mohegan Sun, Penn National, Politics, Technology, The Strip, Tourism, Transportation, Tribal, Wynn Resorts
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Wall Street rates Vegas, Macao; Tribes skirmish in Illinois
Credit Suisse analyst Ben Combes turned his attention to three major Las Vegas companies, starting with MGM Resorts International. He’s staying neutral on the giant, writing, “We see Las Vegas as a cyclical but long-term growth market, given strong leverage … Continue reading
Posted in China, Conventions, Economy, Illinois, Indiana, Las Vegas Sands, Macau, MGM Resorts International, Pennsylvania, Politics, Tourism, Transportation, Tribal
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Wynn sued … twice
Steve Wynn is the gift you wish wouldn’t keep on giving. Wynn Resorts has been slammed with two lawsuits in a week, thanks to Wynn’s libidinous proclivities. According to Casino.org, “Steve Wynn, pressured [women] to not talk with the media, only … Continue reading
Train shows promise; Culinary sabotages Station
* We’re hearing a bit more on the Virgin Trains USA electric railway to Las Vegas. The first shovels are to go into the ground in 2023 and the route will mainly hew to the I-15 median. Completion is expected … Continue reading
Slow News Day, The Sequel
Both Kevin Hart and The Cosmopolitan of Las Vegas are being sued over a sex tape of Hart doing the nasty with actress Monita Sabbag was uploaded onto the Internet. (When in doubt about making a sex tape, don’t.) Hart … Continue reading
Posted in Cosmopolitan, Genting, Iowa, Mississippi, New York, Oklahoma, Reno, Sexual misconduct, Sports, Sports betting, Transportation, Tribal
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Quote of the Day
“I am going to ride this train, but I am afraid it is going to be my ashes in an urn. I told my kids to take my ashes on the bullet train.”—project manager for the woebegone California bullet train, … Continue reading
Posted in California, Transportation
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Lesser is more; Are you ready for some football betting?
It’s been rather vexing to hear the voices in Massachusetts squawking to have the casino-enabling legislation enacted under Deval Patrick torn up and replaced with a series of loopholes. After two years of knowing that Encore Boston Harbor was headed … Continue reading
‘Wynn-wash’ in Boston; MGM, Sahara soak customers
Encore Boston Harbor President Robert DeSalvio gives us the nitty-gritty (emphasis on gritty) of developing the Massachusetts megaresort. For instance, I’ll bet you didn’t know Wynn Resorts rented 600 railroad cards to—repeatedly—haul arsenic-tainted soil from the site, trucked off to Georgia, … Continue reading
Posted in Architecture, Cretins, Detroit, Downtown, Entertainment, Environment, Hard Rock Hotel, Iowa, Las Vegas Sands, MGM Resorts International, Nebraska, Nevada, Palms, Penn National, Pennsylvania, Resort fees, Sahara, Sports betting, Station Casinos, Technology, Terry Caudill, Transportation, Wynn Resorts
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Furor in Illinois; ‘Carmageddon’ in New Jersey
Charles DeGaulle was famous as The Man Who Said No. That nickname may have to be reassigned to Churchill Downs CEO Bill Carstanjen. His decision not to seek racino status for Arlington International Racecourse has set the Illinois gaming industry and … Continue reading
Honeymoon over in Massachusetts; Drive like Elvis
Encore Boston Harbor has been open only two months. MGM Springfield just passed its one-year anniversary. And yet, the Boston Globe is already tossing around the ‘S’ word—saturation. Saying that casino executives might not like hearing it, the paper rejoined, … Continue reading
Posted in AGA, Arizona, Caesars Entertainment, California, Economy, Entertainment, history, Massachusetts, MGM Resorts International, Mississippi, Penn National, Rhode Island, Transportation, Wynn Resorts
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