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Category Archives: Uncategorized
Casino fiasco looms in Pennsylvania; A Trump by any other name
If you live in a Pennsylvania county with a casino, a local tax increase could be staring you in the face. That’s because lawmakers have until the close of business today (plus one day in November) to fix the unconstitutional … Continue reading
Posted in Uncategorized
1 Comment
A casino in Newark?; Internet gaming on the clock in Pennsylvania
Never mind that casino expansion in New Jersey will probably be routed at the ballot box on Nov. 8. Real estate mogul Miles Berger suddenly wants in, saying he has a ‘preliminary partnership’ with an existing Atlantic City casino operator … Continue reading
Posted in Uncategorized
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New Jersey goes after Icahn; No pandas for Resorts World
New Jersey lawmakers are determined to make Carl Icahn pay for shutting down Trump Taj Mahal. A bill that would retroactively apply to Icahn and Icahn only — although several other casinos have recently closed — was voted out of … Continue reading
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Vegas buys a pig in a poke; Culinary defeated
Congratulations, Las Vegas, you are now a major-league city … If by “major league” you mean “hosed right up the ass.” In the defining accomplishment of his administration, Nevada Gov. Brian Sandoval (R) strapped on a special session of the … Continue reading
Posted in Uncategorized
1 Comment
Walker’s hands tied; Lucky Dragon approved
Wisconsin Gov. Scott Walker might want to curb casino expansions within the existing Ho-Chunk Nation empire, as he did earlier this year in Kenosha but he can’t. Under pressure from the Menominee and Stockbridge-Munsee tribes, Walker put the blame for … Continue reading
Posted in Uncategorized
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Icahn smarts at “punishment”; What would Donald Trump eat?
Carl Icahn is understandably umbrage-ridden about a bill in the New Jersey Lege that would prevent him from reopening Trump Taj Mahal as a scab casino. The Lightning rod on the bill, which is picking up support, is its retroactivity, clearly … Continue reading
Posted in Uncategorized
1 Comment
Macao to Crown: Busted!
Nothing illustrates the precariousness of a Macao casino concession like the mass arrest of Crown Resorts casino executives earlier this week, a development that sent gaming stocks into a slough of despond. Eighteen Crown employees, including international-VIP-gaming viceroy Jason O’Connor … Continue reading
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Trump: The art of disaster; Good November for Las Vegas
If Donald Trump proposes to run America the way he ran his casinos, God help us all. He built a Boardwalk empire in Atlantic City with a lot of hocus-pocus, debt financing and sky-high interest rates (14% for Trump Taj … Continue reading
Merry Christmas to all and to all a good night
S&G will be taking a few days off for the Christmas holidays. To help tide us all over, here is the most erotic Christmas song ever recorded, “Santa Baby.” The incomparable and unique Eartha Kitt makes it clear through sly … Continue reading
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Boyd ‘upbeat’ on Wall Street; Wynn Palace on hold
Boyd Gaming CEO Keith Smith and CFO Josh Hirsberg lunched with Deutsche Bank‘s Carlo Santarelli, who found their mood bright and shiny. “Management remains confident that if current [Las Vegas] locals and regional gaming revenue trends hold firm, it can continue to … Continue reading
Posted in Boyd Gaming, Economy, Macau, Melco Crown Entertainment, Steve Wynn, Uncategorized, Wall Street
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The (Nathan) Deal they can’t refuse; Decision time in Connecticut
Casino companies like to complain about high taxation … unless they’re trying to get into a jurisdiction, in which case they’ll agree to anything. In Georgia, they’ve upped the ante from a proposed 12% tax rate to 20%. It’s not … Continue reading
Posted in Foxwoods, Georgia, Massachusetts, Mesquite, MGM Mirage, Mohegan Sun, Politics, Sheldon Adelson, Taxes, Tribal, Uncategorized
2 Comments
Tribe outfoxes Arizona; Macao is glutted
Rather than continue waiting for Arizona casino czar Daniel Bergin to reverse himself and give them permission to open a Class III casino, the Tohono O’odham Nation has done an end run. It will open with 1,089 Class II electronic … Continue reading
Posted in Arizona, Culinary Union, Galaxy Entertainment, Macau, Melco Crown Entertainment, MGM Mirage, Palms, Regulation, Sheldon Adelson, Stanley Ho, Steve Wynn, Tribal, Uncategorized, Wall Street
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In case you missed it …
… we had a bit of excitement yesterday at McCarran International Airport. According to British Airways, its jetliner experienced “a technical issue.” Ya think? Major props to the Clark County Fire Department for quenching the potential disaster, the worst in … Continue reading
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Quote of the Day
“We have a tough time envisioning a scenario where Pinnacle’s board and management could create the same value in the same time frame that GLPI’s deal would, and we don’t see the likelihood of a superior bid from another entity” … Continue reading
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Phua case collapses; Bwin wooed ardently
Well, that’s it. With the exclusion of evidence gathered from all three Caesars Palace VIP villas used by Paul Phua, the federal government’s case against the poker pro collapses ignominiously. U.S. District Judge Andrew Gordon had already tossed all the … Continue reading
Posted in Bally Technologies, Harrah's, International, Internet gambling, Massachusetts, Penn National, Problem gambling, Racinos, Regulation, Scientific Games, Shuffle Master, Sports, Uncategorized, WMS Industries
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Quote of the Day
“Wisconsin cannot have it both ways. The state must entirely prohibit poker within its borders if it wants to prevent the [Ho-Chunk] Nation or any other Indian tribe from offering poker on the tribe’s sovereign lands. When the state decriminalized hosting … Continue reading
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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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Case Bets: California, Boyd
Always cover your bets. That’s the lesson Sacramento‘s Casino Royale card room learned after being caught twice with a shortage of cash. The California Department of Justice had no patience this time and shuttered the casino, seeking a permanent revocation … Continue reading
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Gentlemen, grab your joysticks; Massachusetts: Another day, another poll
Video-game/slot hybrids have been licensed by the Nevada Gaming Commission and will be on display for your entertainment at the next Global Gaming Expo. The lucky winner was Gamblit Gaming, which is owned by American Capital by way of Hard … Continue reading
Posted in Election, G2E, Hard Rock International, Harrah's, Internet gambling, Massachusetts, New York, Regulation, Technology, Uncategorized
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Quote of the Day
“Pennsylvania charges the highest tax rate on slot machine revenue in the country — about 55 percent — meaning the state has been racking up tax proceeds like T-shirt sales at a rock concert. But the golden age of gambling … Continue reading
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