Politics making strange bedfellows and all that, S&G woke up to find Sheldon Adelson
enjoying connubial bliss with President Barack Obama. Both are pushing for military intervention in Syria, swimming against the tide of American public opinion. And to think that Adelson spent $68 million on failed presidential candidates last year when he could have obtained a partner for his warmongering tendencies simply by supporting the incumbent. But hey,the infinity pool at Marina Bay Sands has just been named the finest in the world. Congrats, Shel.
Did Icahn overpay? It’s looking like Carl Icahn‘s purchase of Lumiere Place was priced above the industry median of 7X cash flow — and for an underperforming casino at that. Icahn shelled out $260 million. However, Continue reading
Add Cedar Rapids to the list of cities offering a “Las Vegas flavor” to their citizens — at least if Cedar Crossing Casino
I didn’t know what “cocaine dancers” are but the Las Vegas Review-Journal says Palazzo’s nightclub, The Act, has them. (It seems to involve far more snorting than dancing.) Sheldon Adelson‘s peeps would like the “simulated drug use, bestiality and exotic human sex scenes staged nightly” to be 
Caved, shaken down, outfoxed: Take your choice of term as Foxwoods Massachusetts has seemingly capitulated to Milford selectmen and raised its downpayment from $18 million to $34 million. All it took was a few grumblings from the aforementioned selectmen and Foxwoods flung down the most “george” offer in the Boston area — $1,192 per capita, 
Foxwoods, of course wants something in return. Gone is the low-profile, 660K-square-foot casino of yore, to be replaced with a 2.8 million-foot megalith. After all, those extra millions have to come somewhere and Milford selectmen may realize they’ve made a Faustian pact: much more money for much more casino. Town chairman William Buckley
“It certainly impacts my line of thinking in terms of what these licenses are worth.[
Mohegan Sun ran out its host-community agreement with Palmer and it’s pretty clear that 
That’s the word that normally temperate J.P. Morgan analyst Joseph Greff employedd to describe a July in with Las Vegas Strip winnings fell 14% (
Racetrack owner Richard Fields and Caesars Entertainment are wrapping up their deals with Boston and Revere with dispatch. And the latter are making out like bandits. In their zeal to close deals, Fields and Loveman may be overpaying for the privilege. Compared to Wynn Resorts‘ $25 million annual commitment to neighboring Everett, the Suffolk Downs duo has pledged $32 million to Boston — atop a $33 million downpayment –plus now a percentage to Revere, 
Uncle Sam is $47 million richer today
Dissonance in Boston: Beantown Mayor Thomas Menino and Caesars Entertainment CEO Gary Loveman need to coordinate their rhetoric. When touting the virtues of his new host-community agreement with Boston, 
“I believe if Dante were alive today and rewriting the ‘Inferno’ that the lowest places in hell would be reserved for those who commit cruelty to our animals and to our children.” — U.S. Attorney George Beck, 
Boston has reached an agreement with the owners of Suffolk Downs. It would be the most “george” deal in eastern Massachusetts. Where Foxwoods Massachusetts would pony up $18 million in advance, Caesars Entertainment and Richard Fields offer $33 million, 
“The undercover agents reported that performers would fling condoms into the crowd and simulate bestiality, urination and defecation on other performers… There was also simulated masturbation resulting in simulated ejaculation,” according to Sands’ ineffective head of security. Club lawyer Pat Lundvall is preparing a performance-art defense, arguing that “simulated” is the magic word and, 
It’s been a good week for Mohegan Sun. First off, 
Once again, the Las Vegas Hotel & Casino has been the place where shows go to die. Tedious demi-musical 
Revel Resort‘s somewhat disingenuous “You Can’t Lose” promotion was bound to attract a lawsuit and so it has. A pair of players are suing and, though the odds seem against them, it’s worth recalling that Revel’s disclaimer language tap-danced around the edges of the law. If nothing else, we can look forward to a trial in which the point size of type is a major evidentiary issue, as Revel took fine print to new levels of miniaturization.