“When the [Cherokee Nation] casino went in and we had other businesses go in, I think it sparked stability for our community. People aren’t afraid to build here. The Cherokees are good neighbors of ours.” — Sallisaw, Oklahoma Mayor Julie Ferguson, vouching for the positive economic impacts on tribal gaming on the surrounding area.
ruling by state Attorney General Maura Healey, a ballot question here and a ballot question there, and voters could put additional casinos pretty much anywhere they want. OK, it’s not quite that easy. The Massachusetts Gaming Commission gets to weigh in on the constitutionality of the casino-to-be and, in this case, Revere has to be persuaded to give the project its blessing. But don’t count out developer and international man of mystery Eugene McCain. 
quarter. M Resort hit a record level in that department and Greff reported continuing improvement at the Trop, all this despite “economic and political uncertainty that is weighing on discretionary spend.” Penn management also noted positive results from a tweaked casino floor and new marketing strategy at Plainridge. At the Trop, room revenues are up 6.5% and volume of slot play has increased 30% (although some of the latter could reflect a winnowed-out slot inventory). Penn continues to wean the old gal off online travel agencies, getting OTA room nights down to 36% from 52% a year ago. It credits 10,000 room nights in May and June to incorporation of the Marquee Rewards loyalty program. As for the oft-mooted Phase II, customer feedback has Penn looking at investing in more non-gaming amenities rather than adding hotel rooms.
“Of all God’s creatures, there is only one that cannot be made slave of the leash. That one is the cat.” — Mark Twain
Players Alliance, which lobbied for the change of heart. This doesn’t mean the GOP is about to embrace Internet gambling. But if it reframes the i-gaming debate as a state-level issue … that’s where it should have been all along. However, you will pardon us if we enjoy the egg on the faces of Sheldon Adelson, sugar daddy of the GOP, and Indiana Gov. Mike Pence (R), 
shares such numbers. Smokers only had to drive an extra 11 miles to play at nicotine-friendly Twin River Casino, in Rhode Island, which is only 5% off last year’s revenue pace. Ditto table-game players. So those were two constituencies with whom Plainridge was bound to disappoint. However, 
acknowledgement of its latest victory 
lost the backing of Penn National Gaming, which has racino interests nearby in Ohio. What seems to have shot down Endeka Entertainment was a lack of financing. It proposed to execute a $500 million-size project on $205 million, a number that shrank to $145 million once licensing fees were subtracted. This is the second major defeat for Joseph “Tomato King” Procacci, the hapless vegetable mogul who tried and failed to get a Philadelphia casino, too. The Lawrence County site also seems to have been hexed, having been through a revolving door of developers, of whom Procacci was the sixth to date. The news comes as Pennsylvania hits a new high in casino revenues — $3.2 billion for the last fiscal year — providing a huge revenue stream to the state … albeit not enough for 
bet and asked for the money so he could give it to charity, Straub claimed there was no bet and he was keeping the 100 dimes for himself. Now he’s scrapping with Blatstein over the latter’s plans to redevelop Garden Pier, which just seems like sour grapes. Blatstein has crossed all the t’s and dotted all the i’s in dealing with Atlantic City bureaucracy. Straub, by contrast, seems illiterate. And, yes, there’s still not even hint of a new reopening date for Revel, let alone the much-ballyhooed new name. Rival casino owners shouldn’t be worried because we don’t think Straub can throw up a serious challenge, even if he ever gets Revel back on its feet. We’ll say this for Donald Trump‘s legacy: 
outperformed the competition, up 11%. Hardest hit were the Caesars Entertainment properties, with usually reliable Horseshoe Bossier City plunging 16% ($14 million) and Louisiana Downs 9% off the pace, at $3 million. Eldorado Shreveport also had an aberrantly bad month, down 8% and grossing $10 million. Except for Sam’s Town (-1%, $6 million, above), all other casinos were essentially flat for June. In fact, Boyd Gaming had a rough month of it across the market. Delta Downs was down indeed (-5.5%, $14 million), Amelia Belle swooned 7% ($4 million, below) and Evangeline Downs was 6% off, to $7 million. Only old reliable, Treasure Chest, had a good month. It grossed $9 million, a 3% gain.
average despite virtually no new capacity since 2010, which may suggest that the market is still digesting decade-old new supply.” Should there be another recession, though, he says the big boys are better positioned to ride it out, not being deeply into merger activity or new, capital-intensive projects. But the good news sort of ends there: “The weakness in Macau has spilled over with the Strip baccarat volume on track to decline by around 20% in 2016. Weakness may persist into 2017 as four additional resorts open in Macau and the dollar further strengthens.” At least Las Vegas‘ economic diversification (think restaurants, amenities) shields it from “lackluster” regional gaming prospects, according to Bumazhny, who says this “supports a view that the Strip resorts are real estate investments and should trade at comparable multiples.” So I guess that’s one more vote for REITmania.
development permit from the Massachusetts Department of Environmental Protection. Sore losers Mohegan Sun are still suing the Massachusetts Gaming Commission, but it doesn’t look like their litigation will affect Wynn Resorts‘ prospects. “One does not need to be a casino enthusiast to recognize and acknowledge the benefit that accrues to a city when a long-dormant, contaminated-waste site is cleaned up and brought back to useful life,” said MDEP hearing officer Jane Rothchild. Anti-casino Curtatone may still try to get the decision overturned but Wynn Resorts can start focusing its attention on remediating the aresenic, lead and other industrial goodies with which its land is laced.
million-$70 million project will be sort of a pocket casino, its amenities limited to two fast-food outlets, a café and a sports bar. 
room-cleaning quota to 14 rooms a day (the Atlantic City standard). On the other, he called the Taj “a money pit,” raising questions about the depth of his and Icahn’s commitment to the property. “The company offered to fund a health insurance plan that was offered by Unite-Here but was not quite as rich as the plan at the other A.C. casinos. But it did provide medical insurance for all union members and their families. In addition, the Taj Mahal would have extended health insurance to all non-union members, as well. This one concession would have cost the company multiple millions of dollars,” he also offered to renegotiate terms in 18 months, as well as that new job openings would be coming on line. However, he also said his deal was only valid through end of business Monday, raising the specter of a bare-bones follow-up offer.-
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