Mega-Jottings

What do you do when the news is too short to justify a paragraph but too big to be ignored? How about a big-ass session of …

Jottings: Mike Brooks and Tim Brooks, owners of the Emerald Isle Casino are doubling down on Henderson. They’ve bought the Rainbow Club from Peppermill Casinos. The Brooks brothers are described as “well-respected” in Henderson … David L. Kennedy, who served briefly as Scientific Games‘ CEO and lengthily on its board of directors, is stepping down for “personal and family reasons.” S&G hopes nothing is seriously amiss … Kansas is offering early contract renewal for casino-management companies—in return for a 2% tax hike. They’ve already got one taker, Boot Hill CasinoTerre Haute is all but a done deal for Spectacle Entertainment. The filing deadline for applications came and went, and nothing was heard from Full House Resorts (strange inaction from Dan Lee). A casino award is expected early next year … Christmas came early for investors who bought Gaming & Leisure Properties stock while it was stagnating earlier this year. Currently it’s up over 8% this quarter and outperforming the S&P 500. GLPI is gaining on Vici Properties, still the favored gaming REIT, and doing far better than MGM Growth Properties … Casinos in Baton Rouge seem finally to have hit bottom, down only 1% in October, for an $18 million gross. It would actually have been a revenue-positive month except for a stinker of a performance by Belle of Baton Rouge, plummeting 23% to $2 million. L’Auberge Baton Rouge (pictured) was up 3% to $12 million and Hollywood Casino was up 2% to $4 million … South Korea is getting a bit spooked by forthcoming megaresorts in Japan. There’s a call for more casinos in the Incheon area. It already has one casino, as many as four more on the way (including the now-doubtful Caesars Korea project) and wants two to three additional ones. A selling point is that land in the Incheon Free Economic Zone is cheaper than in Nippon, where it could represent 40% of project cost … Whoever in Las Vegas thought of glueing cowboy hats onto pigeons not only got airtime, he may be putting the birds at risk from raptors and suchlike. He’s probably a Raiders fan, too.

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