In the end, the Macao government was scarcely more generous with Sheldon Adelson than it had been with Steve Wynn. Adelson’s Parisian Macao will open with 100 table games, 
get another 25 on New Year’s Day and 25 more a year after that. Of course, Adelson can still move tables from his many Cotai Strip™ casinos to bring Parisian up to a full inventory of 450 tables. Of those, 50-60 will be devoted to VIP play. (The casino will also have 1,600 slots.) “Following the 100 tables allocated to Wynn Palace, there are theoretically over 1,300 still available for allocation between now and 2022,” reported a Sanford Bernstein analyst. After Sociedade de Jogos de Macau opens Grand Lisboa Palace next year, there aren’t any major new projects in the pipeline of which we’re aware, so most of the new-table game allocations will probably be incremental increases at existing properties, as we’re seeing at Parisian. Wynn Palace, built for 500 tables, is presently making do with 350. The one company that might have something to worry about, analysts say, is MGM Grand Paradise, which has very few tables it could transfer to MGM Cotai if the government is as tight-fisted with MGM and Pansy Ho as it has been with Adelson and Wynn.
Others fret about a “deteriorating” sort of Macao visitor. This supposedly Continue reading
gaming revenues is another) if the tribe continues to defy the Internal Revenue Service, as seems likely. While the Indian Gaming Regulatory Act of 1988, casino revenues are taxable. In case you’re wondering, Florida‘s Seminole Tribe pays them. Heck, the Miccosukee Tribe doesn’t even have a compact with the Sunshine State. However, its annual slot revenues could be as high as $106 million. Writes Miami Herald columnist Nick Sortal, “Among the spending priorities in IGRA are funding tribal government programs and the general welfare of the tribe — taking care of everyone. If those needs are met, a tribe can then distribute annual payments to tribal members. But the tribe must have a Revenue Allocation Plan, which is approved by the Secretary of the Interior. Guess which tribe refuses to do that?” This cannot be what Sen. John McCain (R) had in mind when he fathered IGRA, all those years ago.
unnamed New England tribe 
Lawmakers passed this little “gift” during the most recent session of the Lege 
(Kudos to those analysts who bet the house would win.) With Sands Parisian just days away from its soft opening, we seem to have finally hit bottom in Macao and are likely to see — at least in the near term — some upward momentum. However, the analyst community is cautioning investors not to break out the champagne just yet. After all, the VIP players continue to give Macao a wide berth. One such cautionary note was sounded by Morgan Stanley‘s Praveen Choudhary, who wrote, “We believe it is much more difficult to ramp up a new property in a low growth environment, based on Studio City’s and Galaxy Macau Phase 2’s performances.” But at least there is now a solid basis for hope.
Yesterday, my wife and I said goodbye to our beloved cat Rascal. He had contracted a very malignant and aggressive cancer of the mouth, and had quickly wasted away. Finally, it reached the point where he could no longer eat or drink and was losing the ability to walk steadily. There comes a point where you know you can’t prolong the suffering one day more and Thursday, sadly, was that day. Rascal was put to sleep very gently and compassionately by the caregivers at Mountain Vista Animal Hospital. They are true angels and 
casino accounting, slot revenues from the last weekend of the month will be counted as part of August’s total. Casinos on the Las Vegas Strip snapped a 10-month baccarat slump, as wagers grew 13% and the house won 41% more than last year. Players were similarly unlucky at other table games: Wagering was flat but casinos still won 21% more. A 4% increase in slot handle produced a corresponding uptick in revenue, good for $273 million. The lack of revenue data on final-weekend slot play may have hurt locals casinos more, as they were down 5% in July. Slot revenues dropped 7% (despite 2% more coin-in) while table game play saw 4% less betting but 14.55 more win for the house.
one for Wynn Boston Harbor. At least that’s the speculation raised by Wynn’s recent purchase of 40 acres of derelict General Electric property. Three of those acres will be dedicated to a public park. As for the remaining 37, Everett Mayor Carlo DeMaria — riding high after successfully shepherding Wynn Boston Harbor through the political process — has retained Redgate Real Estate Advisors “to help us do some development planning down at the GE site … We want to get a pedestrian footbridge down there connecting us to Wellington Station. That change would really drive property values up off of the Main Street area,” says Hizzoner.
cost the casino only $1.3 million a year to preserve health benefits (much less than the revenue the casino is forfeiting thanks to the strike) 
beyond 
seeking up to $11 billion in compensation can proceed — potentially tipping the whole Caesars kit ‘n kaboodle into bankruptcy. Caesars has no one to blame but Chairman of the Board Gary Loveman, who was not only the moving force behind the ludicrous LBO that started the trouble but also presided over all the jiggery-pokery of moving around Caesars’ assets that inspired comparisons to Enron and provoked creditors’ wrath.
interceded on behalf of the Mashpee Wampanoag. It has asked a federal judge to revisit his ruling that the Mashpee lacked standing and that the Interior Department erred by taking the Taunton land into trust. Justice’s intervention hinges upon the distinction between “federal jurisdiction” and “federal jurisdiction.” At the time of 1934’s Indian Recognition Act, a Godzilla-sized stumbling block, the Mashpee were unrecognized but nevertheless under federal jurisdiction. Judge William G. Young‘s ruling has put an enormous crimp in the tribe’s plan to open First Light by next summer: construction is at a halt.
parking garage, making it Las Vegas‘ most high-budgeted place to put your car.) Today, Lucky Dragon announced its restaurant repertory, developed with the assistance of chef Willy Ng, of Koi Palace (