“This casino project takes a significant piece of property off the tax rolls, and this is a problem for a county that has the dubious distinction of having the highest percentage of tax-exempt properties in the whole state. I think if you sign this agreement tonight, you’re at risk of selling your soul, if not the heart of St. Joseph County, for two cents on the dollar and some shiny lollipops.” — casino opponent Kelly Havens, speaking against a Pokagon Band of Potawatomi Indians gaming development in South Bend. Land for the casino and tribal village still needs to be taken into trust by the federal government.
18%. The entry of PokerStars wasn’t immediately felt, as Resorts Digital‘s market share stood at 12%. behind Borgata ($4 million, 28%), Caesars Interactive (20%), Golden Nugget (20%) and Tropicana (20%). Borgata slots were flat, despite 2% higher coin-in, while a 1.5% dip in table wagering triggered a 14% falloff in casino win. The house definitely lost last month. Borgata’s $54 million haul represented a 4% decline from last year. On a citywide basis, slot performance was almost exactly like Borgata’s: flat, despite 1% more handle. Table play was also flat, with the casinos losing 6.5% on a year/year basis.
history now that Vegas High Roller sexpot Chloe Scordianos 
$280,000 at Trenton in an effort to slow casino-expansion legislation. Boyd Gaming and MGM Resorts International paid $170,000 to one lobbying firm, but MGM has been spreading its bets across the board: It was part of seven-casino consortium that paid $175,000 to politically connected Optimus Partners and it also paid $83,000 to former governor Jim Florio‘s Kaufman Zita firm. “I think the money we’ve seen spent to influence these issues will be dwarfed by what we see this year,” predicts Gordon MacInness of New Jersey Policy Perspective, which opposes casino expansion.
casinos — Revel, Showboat, Atlantic Club and Trump Plaza — jettisoned, profits not only steadied, they improved. Last year’s $547 million operating profit represented an increase in excess of 40%. Carl Icahn‘s people, however, need to keep their eye on the ball. While the boss was chasing Trump Taj Mahal, profits at Tropicana Las Vegas fell 22%. New Jersey Casino Control Commission Chairman Matt Levinson called 
Alabama law. However, paid daily fantasy sports contests are in fact illegal gambling under Alabama law.” With those words, Alabama Attorney General Luther Strange told DraftKings and FanDuel 
players only represent 10% of the Trop’s guest pool, with 45% of room nights filled through online travel agencies. Penn wants to even out that equation to the point where it’s filling 40-50% of rooms with Marquee Rewards customers. Given Penn players’ allergy to the Trop, it then comes as no surprising that it’s got the lowest-grossing gaming floor in the Penn portfolio.
Entertainment/Dan Gilbert trifecta continued to underperform, with a flat month in Cleveland ($20 million), a 3% decline in Cincinnati ($17 million) and a 5% dip at ThistleDown Racino ($9 million). Were the latter not located inland, it should inherit the “Mistake by the Lake” moniker. Pinnacle Entertainment‘s decision to compete with its Indiana casino by developing Belterra Park also continues to look like an uncharacteristic blunder but at least the racino is steadily improving: Up 45% to $7 million.
which fell 10%, to $8 million. Harrah’s Joliet ($17 million) and Harrah’s Metropolis ($7 million) were flat with last year. GLPI‘s Casino Queen ($10 million) also held steady. March was a mixed bag for Penn National Gaming, which was up 2% ($11 million) at Empress Joliet but 5% down at Hollywood Aurora ($10.5 million). Market-dominating Rivers Casino ($37 million) was off 2%. Independent Jumer’s Casino Rock Island ($6.5 million) slipped 4%. Foot traffic statewide fell 4%, as customers spent less to boot.
course to build a lagoon (one mile in circumference and 
references depositions from several Wynn Resorts board members, including former Nevada Gov. Bob Miller. It also levels some serious claims against CEO Steve Wynn and General Counsel Kim Sinatra, accusing them of concealing information to the board, depriving the latter of its ability to govern the company appropriately. 
contract with the tribe. Genting holds a seven-year pact, by way of its Genting Massachusetts unit, subject to National Indian Gaming Commission approval.“We will operate the casino while helping to build up the capacity of the tribe to operate it themselves. Our role is to work ourselves out of a job on behalf of the tribe,” Genting Massachusetts President Kevin C. Jones told Bay State regulators.“Genting is putting up millions and millions and millions, and has never stopped believing in our goal,” added tribal chairman Cedric Cromwell, in case you wondered where the construction money was coming from. The tribe 
Wolf’s proposal had been in effect last year, the state would have netted slightly less than $50 million in tax monies on $622 million in free play. That would make a small dent in the state’s $2 billion budget deficit. “The idea of taxing free play makes little or no sense. It is counterproductive. It will cost the Commonwealth of Pennsylvania in terms of tax revenue and will steal dollars away from reinvesting in properties,” Freeman told the Pittsburgh Post-Gazette.
would have slots, blackjack and other table games but, strangely enough, no slots or electronic table games. The carrot is a “usage fee” that would fund public schools and the Housing Production Trust Fund, which creates affordable housing. “Our goal is to target the visiting population of the District,” said project Chairman Barry E. Jerrels. The financial backing for the initiative is rather dicey, attributable to a Delaware LLC called Anacostia Development. “There’s a consortium that’s ebbed and flowed,” said Jerrels evasively.
and had to pay her off. Among the more newly revealed allegations is the charge that “Mr. Wynn was forced to terminate employees who he never should have hired because of their associations with alleged illegal activity and, in at least one case, hid the reasons for the executive’s departure,” which sounds like something the Nevada Gaming Control Board should be examining, if Mrs. Wynn can actually substantiate it. She also accuses the Wynn Resorts board of directors of being a rubber stamp for her ex-husband’s wishes, although a ‘pet rock’ corporate board would hardly be a first in this industry. (The Harrah’s Entertainment board in the years leading up to the disastrous LBO comes instantly to mind.)
complications. Now that a demolition firm has been chosen, the task of remediating the Riv’s hazardous materials 
and 8% greater table play. Slot revenue on the Strip was 7% higher, helped by 1.5% more coin-in, which helped make up for a flat month of baccarat play. Four percent less was wagered but the house played lucky. The house dominated at other tables, with 5% heavier wagering leading to 13% greater win. Table revenue exclusive of poker was $302 million. Locals lost 10% more at the slots and 23% more at table games.
Kazuo Okada has been ousted from the company, she’s no longer bound by restrictions on how she, Steve Wynn and Okada could dispose of their shares. She backs up her legal threats with insinuations that stop just this side of blackmail: “Ms. Wynn learned that Mr. Wynn, using the services of a private criminal defense attorney and a private gaming attorney, has previously made a multimillion dollar payment after apparently being threatened with allegations of serious misconduct occurring on company property against a Wynn Resorts employee,” her lawsuit reads.
intention to “optimize and adjust” the Individual Visit Scheme that brings tourists to Macao. Chui said he was neither seeking an increase in the number of visitors to Macao nor in the number of cities (49 at present) to which the IVS applies. “We will ensure that the quality of life of local residents will not be hugely influenced,” he said by way of explanation, adding that he was concerned about the negative impact that a precipitate increase in tourism might have. The argument doesn’t quite wash. Last year, Macao welcomed 30.7 million gamblers and other tourists, three million down from the optimum number reached in 2014. That’s 92,325 a day. If Macao has been — as implied — maxed out, casino operators are going to have to adjust their expectations of the market.-
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