“Everybody including Twin River, the competitor across the border 17 miles away in Rhode Island, projected that Penn [National Gaming] would do more than it’s been 
doing. Exactly why it isn’t, nobody’s quite sure. Whether it’s that you can’t smoke or you have to be 21, we don’t know for sure what it is … Plainridge [Park] has about 500 jobs, about 20% of those people were hired off the unemployment rolls, and Plainridge has generated $80-plus million in tax revenue. From the standpoint of the negative consequences, there have been no serious traffic problems since the first day, we have a very careful study done of any crime of any kind in all of the surrounding communities … there has been zero increase in crime in the first six months owing to the casino.” — Massachusetts Gaming Commission Chairman Stephen Crosby, projecting $300 million in annual revenue for the commonwealth of Massachusetts when all the state’s casinos are open.
setback from the property. Today, Missouri released its July gaming results and — surprise — Ameristar St. Charles was up 3.5%, to $24 million. Any Pinnacle customers who were discouraged from visiting Ameristar seem to have gravitated to Pinnacle’s River City, which pulled in $20 million, a 10% increase. The health of the St. Louis market was robust, with Tropicana Entertainment‘s Lumiere Place, still on the comeback trail, up 3.5% ($11.5 million) and Hollywood St. Louis increasing winnings 2%, for $21 million. Notable results among outstate casinos including a 15% jump at Isle of Capri Cape Girardeau ($6 million), a 7% increase at Isle of Capri Lady Luck ($3 million), in Caruthersville, and a 4% dip at Golden Entertainment‘s Mark Twain casino, which grossed $3 million.
tragic, and it just magnifies the importance of defeating this referendum,” said opposition leader Debra DiLorenzo, who predicts that as many as five Boardwalk casinos could close if the referendum passes. Would-be megaresort developer Jeff Gural argues counterintuitively that passage of the referendum would help Atlantic City. He was echoed by state Sen. Paul Sarlo (D, left), whose constituents include the casino-hungry Meadowlands. “The pending closure of the Trump Taj Mahal should serve as a wake-up call for Atlantic City officials to take advantage of the benefits of casino expansion. Expanding New Jersey’s gaming sector to North Jersey will provide financial resources so that Atlantic City can invest in economic expansion. The city has the opportunity and the ability to become a destination resort that doesn’t rely on casinos alone,” Sarlo said.
enough for #1 status), while nearby Ameristar East Chicago (the victim of low table hold) was also down, -3%, grossing $20 million. Ownership blamed “
Hawkeye State was propelled upward by a couple of dramatic revenue swings. Both the novelty factor and conversion to land-based gaming put a tailwind behind Isle of Capri Bettendorf and Rhythm City Casino. The former grossed $8 million, a 27% boost, and the latter banked $6 million, a 53% propellant. In sheer dollar volume, the traditional winners remained the same. Prairie Meadows Racetrack & Casino grossed $16 million (up 4%), Caesars Entertainment‘s Horseshoe Casino & Bluffs Run Park pulled in almost $16 million (flat) and Ameristar Council Bluffs roped in $15 million (up 3%). The state’s big underachiever was Wild Rose Clinton, down 12% on a $3 million gross. Gainers of note, however, included Harrah’s Council Bluffs, up 7% on nearly $7 million, and Hard Rock Sioux City, rising 8% on a $7 million gross. Boyd Gaming had mixed results, with Diamond Jo Dubuque flat at $6 million but Diamond Jo Worth grossing more ($7.5 million) but posting a 5% decline.
couldn’t or wouldn’t pull the trigger on reconstruction. The site has been on and off the market for years and 
a surge in Las Vegas summer business to a Zika virus outbreak in Florida, one that has led the federal government to warn pregnant women away from the Sunshine State. “One of the interesting notes I got this week were comments from JetBlue that they’re seeing a pickup in passenger activity to Las Vegas and maybe a slowdown to Florida … It’s helping everybody in town, and not just the MGM portfolio. As sad as that situation is in Florida, I certainly don’t want to benefit from that. I can say we’re seeing a pickup in air traffic and driving traffic even in the last couple of months.” Proceeds from the sale of Crystals 
taken him to Aristocrat Technologies, where he was the company’s new broom on the American front, to Bally Technologies, to Shuffle Master and to Scientific. Most of those companies have subsequently been consolidated (including Bally and Shuffle Master into Scientific), some of them under the Scientific banner. “This management change, we think, increases execution risk in a set of complex, low growth businesses, that were relatively recently put together in a series of M&A transactions. Losing Gavin is a loss of gaming industry talent, and SGMS loses an executive who was well thought of by its customer base globally and well respected by his competitors,” wrote a somewhat shocked J.P. Morgan analyst Joseph Greff. In other words, the incoming CEO has big shoes to fill while learning a new industry.” He took comfort in the fact that Isaacs’ resignation didn’t take effect until the end of 2016 but couldn’t help noting that Sheehan had no background in the gaming sphere. (In other news, Scientific opened a new outpost in Australia, with Nevada Gov. Brian Sandoval [R] partaking of the festivities.)
“This titan of Wall Street is utterly incapable of making a decision unless it is mean-spirited and benefiting him alone. The great deal-maker would rather burn the Trump Taj Mahal down just so he can control the ashes. In the end he’ll have to live with what he’s done to working people in Atlantic City.” — Unite-Here Local 54 President Robert McDevitt, 
night. However, Saturday-night rates have been boosted from $411 to $501. And a Friday night at Wynn Palace is a better deal than one at Wynn Macau, $334 versus $398. “While we don’t know specifically if the change in rate is related, we would point out that Parisian has recently begun accepting reservations on its website for its 
striking Unite-Here Local 54. ““I would never have thought Carl Icahn was so one-dimensional … For a few million bucks, he could have had labor peace and a content workforce,” Local 54 President Robert McDevitt said, “but instead he’d rather slam the door shut on these long-term workers just to punish them and attempt to break their strike.There was no element of trying to reach an agreement here on Icahn’s part; it was always ‘my way or the highway’ from the beginning with Icahn.” In a written statement, Tropicana Entertainment CEO Anthony Rodio fired back, writing, “Our directors cannot just allow the Taj to continue burning through tens of millions of dollars when the Union has single-handedly blocked any path to profitability.” Rodio added that Tropicana “has lost almost $100 million trying to save the Taj when no other party, including the prior equity owners who put it into its recent bankruptcy, was willing to invest even one dollar to save it. Currently the Taj is losing multimillions a month, and now with this strike, we see no path to profitability.”
City. It even still has its original vault. New owner Joe DeSimone Jr. is marking its anniversary not with words but deeds, 
against a Taunton casino project, siding with the contention of a group of Massachusetts property owners that the Interior Department 
in the Diet, apparently freeing his Liberal Democratic Party from its dependance on the anti-gambling Komeito Party, which had doomed one casino initiative after another. Given the 
winnings were up 10% ($253 million) on only 1% higher coin-in. Luck was really with the house at baccarat, where revenue vaulted 32% despite 12% less money wagered. Baccarat play remains in a 13-month swoon but results like June can keep casino moguls whistling past the graveyard. Other table games saw 9% less money dropped on the felt but Las Vegas Strip casinos eked out a 1% increase, to $159 million. For a change, the Strip heated up more than locals markets, where revenues rose 3%, to $183 million. Players beat the house, winning 9% more on 3% increase in wagers.-
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