“The casino proposal is not dead. It’s just in a very deep state of hibernation.” — White Earth Nation casino opponent Ty Dayton on a gaming proposal that may be about to taken off life support, following a tribal election that went badly for the casino project.
in Atlantic City, the interest in investing capital in that town is going to diminish significantly. However, if we are successful, then I think the future is very bright.” Allen and Ocean Resort owner Bruce Deifik are on the eve of reopening two properties. Allen has reinvented Trump Taj Mahal as Hard Rock Atlantic City and 
machines
Based on the Las Vegas Review-Journal‘s 
“No operator has a clear sense of this process … Another comment we heard was that foreign players/interest will still be meaningful since it may be easier to control foreigners than the local guys.” — JP Morgan analyst Joseph Greff, 
City, Deifik has been a model citizen. “I’m either the world’s biggest moron or I’m reasonably intelligent,” Deifik told Bloomberg Businessweek. “I’m not working with funds that have unlimited deep pockets. This is our family. We take this very, very seriously.” If Revel does a third swan dive, Deifik’s liquidity could be wiped out, as could his real estate holdings, given the investment’s heavily collateralized nature. As Fitch Ratings analyst Alex Bumazhny says of Deifik’s Ocean Resort, “It’s going to be swimming up against the current when it opens.”
buttons and a succession clause, should any MGM Strip property be sold (a minor concession on management’s part, in our opinion). “Money is important, but it’s not only about that,” said housekeeper Francis Garcia, implying that the Culinary came up short on its 4% pay-increase demand. What she likes about the new arrangement is that it contains unspecified protections for Temporary Protected Status and Deferred Action for Childhood Arrivals immigrants, two groups currently in the Trump administration’s cross-hairs.
between the first and second floors, was isolated. Damage was mostly confined to the first-floor ceiling — and to Mandalay Bay’s reputation, which has taken a PR beating in the past year. Members of the Association of Certified Fraud Examiners, meeting at Mandalay Bay, may have gotten their feet wet but their convention is 
plan to make if the central government gives them a much-hoped-for exception. Just as players wager for trinkets in Japan‘s pachinko and pachislo parlors, Chinese vacationers would theoretically gamble not for money but for points that could be redeemed on rooms, dining and other resort amenities. (Has somebody been reading the Total Rewards playbook?) According to the South China Morning Post, “it would mark another big shift in the country’s approach to gaming after officials unveiled landmark measures to promote horse racing and sports lotteries in Hainan two months ago.”
while away from his family home in Las Vegas. This news hits close to home because Felix was a columnist for Casino Executive Magazine during the time I was its managing editor. His advice to fellow executives was always direct, candid, elegantly written and seasoned with humor. The latter stemmed from Felix’s lack of pretension about himself: His Casino Executive head shot featured him wearing a necktie adorned with a pattern of flyswatters. When not writing or being one of Vegas’ leading casino executives, he could found coaching a Little League team.
quote that “We’re really a Chinese company.” Las Vegas Sands is not far behind, at 65%, making them the most- and third-most exposed U.S. companies of $3 billion. (Qualcomm occupies the unenviable niche in between.) MGM Resorts International doesn’t even come close. That will be good news for CEO Jim Murren when a new wave of Chinese tariffs hits on July 6. On the other hand, an ornery Chinese government may not feel like postponing concession renewal until 2022, as MGM Grand Paradise CEO Grant Bowie has been trying to do, negotiating through Sinophile media outlets.
Penn got itself quite a bargain. It’s also a vote of confidence in the Shreveport/Bossier City market when you consider that Penn will own Boomtown Bossier when its acquisition of Pinnacle Entertainment closes. Margaritaville has grossed $157 million year to date, an 8% increase from early 2017. It’s a curious hybrid of a deal, as the physical assets will be owned by Vici Properties, the REIT of Penn’s archrival Caesars Entertainment, the market leader in the greater Shreveport area. Vici paid $261 million for the riverboat and casino, which it will lease at $23 million a year.
and saw that the [Philadelphia] Sixers and the Eagles are both picked in the top 5, but I work for the Sixers so it might have been a rules violation to bet on that. So I chose the Eagles,” 
are still hazy, the better to keep the pressure on the majority of casinos that have not arrived at labor deals yet. Talks must be going productively, though, since the strike deadline has long passed without any acrimony. “I attended the negotiations, and this is the best contract we’ve reached in the history of the union,” housekeeper Rocio Puente told both the Las Vegas Review-Journal and the Washington Post.
escaping the possibility their main source of revenues will be from Japanese tourists.” — Constitutional Democratic Party member Kazuma Nakatani, protesting the casino leglislation that just passed the lower house in Japan. Already 
unveiled this week are an improvement on the East Windsor 1.0 one, with which readers of this space are nauseatingly familiar. Foxwoods Resort Casino and Mohegan Sun had plenty of time to rethink the project while being strung along by the Interior Department. And while the delay has yielded -
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