Ever heard of Antrim Township in Pennsylvania? Probably not. But state Rep. Paul Schemel thinks it’s a new gaming hot spot. One of his reasons for advocating Antrim is its proximity to Charles Town, West Virginia. Now this is precisely the kind of 
thing that is chapping Penn National Gaming‘s ass. Penn is heavily invested in Charles Town but can’t do anything to prevent a satellite from being sited in Antrim. It could bid for the satellite concession but that’s about the only way of protecting its Charles Town moneymaker. How much gaming are we talking about? Think 750 slots, 50 table games and an OTB parlor. (The new rules allow for a minimum of 300 slots but we think everyone is going to opt for the max.) “If they are right on the border, they would draw in Hagerstown, Charles Town, Frederick County, Winchester, in theory,” says Schemel.
Antrim officials would have until New Year’s Eve to nix the idea. As Schemel explains, Continue reading
item has to be a shocking, 21% plunge in business at L’Auberge Lake Charles ($24 million) which used to own the Lake Charles market. As you might suspect, Golden Nugget (+25%, $23 million) is eating Pinnacle Entertainment‘s lunch. Also struggling was Isle of Capri Lake Charles, down 7% to $9 million. Boyd Gaming‘s Delta Downs was up 7.5% to $15 million. Is Pinnacle management so dazzled with the prospect of a Penn National Gaming merger that they’re taking their eyes off the Lake Charles ball?
nearby Mohawk Harbor residential community. The bad news is, well, where to begin? Area merchants aren’t seeing any uptick in business, drunk-driving arrests are up a bit and casino grosses are a shadow of what Rush Street Gaming projected. Last month, Rivers made $11 million — the same amount that it did in three weeks in February, as the aggregate gross creeps past the $100 million mark. (Rivers’ own year-one projections were for $181 million to $222 million.)
wagering was down 4.5%, won 3.5% less, for a $48.5 million gross. Borgata made 9% less, for a total of $55 million. Of course, what constitutes a bad month for Borgata would considered cause for celebration anywhere on the Boardwalk. Despite a slight uptick in slot winnings, Borgata was punished at the tables, winning 28% less on 14% less wagering. Caesars Interactive has fallen into last place in terms of Web market share, still dominated by Golden Nugget (30%). Resorts Digital/PokerStars continues to climb into contention, nipping the Tropicana Atlantic City by a tenth of a percentage point. With two months to go in the year, ‘Net betting in New Jersey has reached its best-ever benchmark.
are demanding that the Bureau of Indian Affairs get off the fence and clarify its stance regarding the $300 million East Windsor satellite casino being developed by Mohegan Sun and Foxwoods Resort Casino. What the senators want to know is whether the existence of a satellite casino 
loopholes for deductibility of interest on growth investments. Rather than take up its argument with the lower house, the industry — via the American Gaming Association — 
profiling gaming’s top companies we wonder when he finds time for sleep. His recent visits have included one to Penn National Gaming, a bunch of unhappy campers since Pennsylvania legalized satellite casinos. Of course Penn National could go out and compete for its own clutch of satellites but management is currently undecided, preferring to sulk like Achilles in his tent. At least the company’s eponymous racino appears safe, Lancaster County having opted out of the satellite-casino running.
2% (to $21 million). Neighbor Hollywood St. Louis fell 8%, to $18 million. Tropicana Entertainment defied the odds at Lumiere Place (pictured), up 6% to $11 million. Over in Kansas City, Pinnacle had the worst of it, with Ameristar Kansas City down 6.5%, to $18 million, while Isle of Capri Kansas City stumbled 5% to $6 million. Argosy Riverside was up 2.5% to $13 million, while Harrah’s North Kansas City rose 4% to $14.5 million.
organizing, I’ve picketed, protested, and even fasted for seven days,” said bartender Michael Wagner, expressing his gratification. Added Gladis Sosa de Fuñes, “Everyone knows the Culinary Health Plan is the best health insurance in Las Vegas, and we want our families to have it.” In the course of taking a victory lap, the union couldn’t resist one dig at ownership. Buried in a paragraph of boilerplate praising the quality of Station’s resorts is this disclosure: “The company is controlled by Frank and Lorenzo Fertitta, who own 10-to-1 super-voting Class B shares of Red Rock Resorts.” So even though the company is now publicly ‘owned,’ never forget who’s really pulling the strings.
everyone was revenue positive for the month. Even Jack Cleveland snapped out of its funk to deliver a 10% improvement, to $17 million. Jack Cincinnati was up 9.5% for a $16 million outcome. Eldorado Resorts‘ Scioto Downs was up 7% to $13 million while struggling Belterra Park rose 6% to $7 million. Independent Miami Valley Gaming was up 2% to $12 million and slots-only Hard Rock Rocksino remained the dominant property in the Buckeye State, ascending 5% to $19.5 million.
“When our state passed legislation to expand gaming, our decision was based on projections of robust revenues, and promises that casino development would not place new burdens on taxpayers. The last few months, however, have called into question those projections and promises.” — New York State Assemblyman Gary Pretlow (D), 
two major boxing matches fell into this time period. As for its response to the Oct. 1 massacre, MGM said it engaged in a“short-lived uptick in cancellations and a temporary suspension of marketing efforts. (According to Deutsche Bank analyst Carlo Santarelli, “investors are willing to overlook the impact of the tragedy, should the perception of a strong underlying business persist”). Since restarting such efforts, [MGM’s] booking pace has largely rebounded to normal levels.” On the plus side, MGM reported “significant progress” in the conversion of Monte Carlo into Park MGM. Still, MGM was at pains to downplay expectations for 4Q17.
“Since the dawn of the nuclear age seven decades ago, we have been relying upon cooler heads and strategic doctrine to forestall the unthinkable. But too often those kind of ad hoc measures seem less reassuring than ever.” — Sen. Edward 
fell 14%, while Horseshoe Baltimore ($19.5 million) plunged 26.5%. Even MGM National Harbor ($52 million) came up incrementally short of some Wall Street projections. Obviously, Cordish Gaming is better positioned to absorb this pummeling than Caesars Entertainment is. Another October like last month and you’d probably see job cuts and other things we’d like not to talk about. Hollywood Perryville ($6 million) was flat and little Ocean Downs ($5 million) actually gained 7%, despite being in the off-season. Golden Entertainment experienced its first setback at Rocky Gap Casino, down 1.5% to $4.5 million.