Massachusetts: It’s where the action might be; Where there’s smoke, there’s Sheldon

Update/Correction: I’m reliably informed that dog racing (see below) is illegal in Massachusetts and will remain so, praise be. Also, Neil Bluhm is now wooing Millbury for a slot-parlor site. Except for Raynham Park, all slot-parlor applicants are under the gun. If they don’t negotiate ‘host community’ agreements by early August, they’ll miss the Oct. 4 cutoff date for submitting voter-approved agreements. Confusing much?

Somebody thought better of literally floating a trial balloon to demonstrate the height of Mohegan Sun‘s projected hotel tower in Palmer. The Mohegans balked at the $20,000 cost of clearing a path through the woods and then cutting down trees to create a launch pad. I’m not making any of this up, by the way. As the Springfield Republican reports, Linda Leduc, Palmer’s town planner, thought that ‘conducting such a test without a site plan indicating building location, landscaping, lighting and other details “is very misleading.“‘ I mean, could anybody back in Vegas have imagined the incredible hulk that is Fontainebleau if its builders had simply hung a weather balloon at a height approximating the top of the building?

Would-be slot-parlor owners and their potential host cities have been showing a distinct lack of urgency about cutting deals, even though Continue reading

Posted in Animals, Architecture, Colony Capital, Cordish Co., Current, Economy, Environment, history, International, Isle of Capri, Louisiana, Massachusetts, MGM Mirage, Mississippi, Neil Bluhm, Oklahoma, Politics, Racinos, Regulation, Sheldon Adelson, Tribal | 1 Comment

Indiana: Half-full or half-empty?; ‘Priscilla’ faints

That’s the operative question after a contrariwise June in Indiana. The state’s casinos saw 17% less foot traffic, but those fewer players were spending more (up 6%). Even so, the Hoosier State’s racinos, casinos and riverboats were down 12% for the month, worse than Wall Street expected. Most of that big slurping sound came from the south end of the state, where Horseshoe Cincinnati cleaned out its Indiana competitors well and good.

Even Horseshoe Southern Indiana (left) felt the effect of competition from its Cincy sister, off 10% from last year. But the big hurt was put on Penn National Gaming‘s Hollywood Lawrenceburg, down 35%, Pinnacle Entertainment‘s Belterra (-35%) and privately owned Grand Victoria (-21%). Perhaps some of this business will trickle back once the curiosity-seekers have had their fill of Cincinnati. More likely, though, Continue reading

Posted in Architecture, Cordish Co., Current, Dining, Economy, Entertainment, Harrah's, MGM Mirage, Penn National, Pinnacle Entertainment, Racinos, Sheldon Adelson, The Strip, Wall Street | 2 Comments

Quote of the Day

“In March, 26 year-old Xiao Ye Bai began serving a life term for stabbing a man to death in a crowded karaoke bar near the Strip. Prosecutors said Bai was a martial-arts trained enforcer for the Taiwan-based triad United Bamboo, sent to collect a $10,000 gambling debt.” — as Las Vegas casinos vie to import high rollers from the Pacific Rim, some of Macao‘s darker elements are establishing a foothold on the Strip, too — one of several revelations in a far-reaching, new Associated Press/Huffington Post story.

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Gold strike in Maryland; Ghost train; ‘Sell’ order on Sands; Wynn cleared

That elastic band which is American consumers’ gambling budget may have tightened in Illinois and gone slack in Ohio, but it’s expanding nicely in Maryland, now that table games are part of the mix. Sayeth the Maryland Lottery, revenues for fiscal year 2013 were 14% above expectations. It’s also a 57% year/year increase … although the latter figure also includes new gambling product that wasn’t available a year ago (i.e., Rocky Gap Casino Resort).

One must also note that Cordish Gaming‘s Maryland Live is carrying the industry, representing 77% of last month’s take. But Rocky Gap is getting the best bang for the buck on table games: It may have grossed but $4.7 million last month, but it was almost evenly divided between slots and (lower-taxed) taxed tables. Cordish didn’t fare so badly, drawing 30% of its revenue from tables. Penn National Gaming‘s Hollywood Perryville managed to make the least of its new tables, which generated Continue reading

Posted in California, Cordish Co., Current, Economy, Macau, Maryland, Massachusetts, North Las Vegas, Penn National, Pennsylvania, Sheldon Adelson, Steve Wynn, Tourism, Transportation, Wall Street | Comments Off on Gold strike in Maryland; Ghost train; ‘Sell’ order on Sands; Wynn cleared

This is your brain on B.S.

Sheldon Adelson would have you believe that $100 million-$200 million in potential Las Vegas Sands revenue means nothing to him. And if you believe that, boy, do I have a bridge in Brooklyn to sell you. (He’s probably more apt to run you over in his motorized scooter if you drop a nickel on the carpet.) Fortunately, Continue reading

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Revel gets forgiveness; Illinois gets hammered

You’ve heard about the “Gamblers Wanted” marketing campaign at Revel that refunds slot refunds over $100 — if you’re a member of the players’ club. There’s another catch: You don’t get a cash refund but additional free play, doled forth in small, weekly installments. I have to say that Randall Fine is fiendishly clever to have dreamt this up. Best of all, it actually seems to be achieving its objective of bringing the bread-and-butter gamblers to Revel.

In the meantime, CEO Jeffrey Hartmann utters one of the greatest understatements of the 21st century, when he says of Continue reading

Posted in Atlantic City, Current, Donald Trump, Economy, Harrah's, Illinois, Marketing, MGM Mirage, Missouri, Neil Bluhm, Ohio, Penn National, Politics, Revel, Slot routes | 1 Comment

Accord in Kentucky; Atlantic City on the move; James Packer’s comeback

But there are still some stirrings of activity on the casino front. For starters, Bwin.Party has agreed to fork over $15 million to Kentucky. According to the company the payment “resolves the only remaining litigation … that stems from our pre-UIGEA U.S. activities.” Although he’s been a failure at bringing terrestrial casinos to Kentucky, Gov. Steve Beshear (D, right) has a good track record of extracting settlements from Internet casinos. More significantly, this settlement is expected to clear the path for Bwin.Party to start offering online gambling in Nevada and New Jersey. That’s pretty significant since its partners are a couple of little outfits called MGM Resorts International and Boyd Gaming. You may have heard of them. Earlier this week, PokerStars ditched the Atlantic Club in favor of Resorts Atlantic City, although it might continue its quixotic quest to wrest the Atlantic Club from Colony Capital, no matter how badly Colony suddenly doesn’t want to sell.

Nevada has “Trailer Stations” but now Atlantic City has a “pop-up” casino. Coming soon to a city near you (if you live on the East Coast), it’s a 40′ by 14′ by 10′, 6.5-ton, two-story, mock casino where you can play simulated table games, get a brief massage, spin platters and see Continue reading

Posted in Atlantic City, Boyd Gaming, California, Cirque du Soleil, Colony Capital, Current, Entertainment, International, Internet gambling, James Packer, Kentucky, MGM Mirage, Regulation, Station Casinos, Taxes, The Strip, Tribal | Comments Off on Accord in Kentucky; Atlantic City on the move; James Packer’s comeback

It’s douchebag season in Vegas

Siegel Group‘s off-street boutique hotel Rumor wants you to know that if you want to hang out with classy people … go someplace else. Doesn’t this make you glad you’re too old for this kind of shit anymore? Yes, DWMs (douchebags with money) are a vital component of the Las Vegas economy, but the year-round/all-day frat-house party atmosphere gets a bit wearisome at times.

Posted in Current, Tourism | 1 Comment

Buyer’s market on the Boardwalk

An East Coast spy for S&G has had his ear to the ground and reports that a veritable horde of prospective purchaser are descending upon Atlantic City. Casino prices having fallen about as low as they can go, “buy” appears to be the watchword of the moment. Colony Capital may have screwed Rational Group for the Atlantic Club, but now the suddenly aggressive Churchill Downs may be making a play for the hotel-casino. (Remember, Churchill Downs is also mooted as a likely buyer for Pinnacle Entertainment‘s Four Seasons in St. Louis, its Lumiere Place and an unfinished Lake Charles casino belonging to Ameristar Casinos.) And now, with most of its value written off, Revel may be in play: Neil Bluhm‘s Rush Street Gaming is rumored to be jockeying for it — Bluhm did a similar rescue job on Continue reading

Posted in Ameristar, Atlantic City, Colony Capital, Current, Economy, Louisiana, Missouri, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Revel | 1 Comment

SkyVue kaput?; Wowing them in Massachusetts

That’s the unavoidable conclusion, despite the increasingly comical protestations of local developer Howard Bulloch‘s sidekicks. Caesars Entertainment‘s rival Ferris wheel may be in a terrible location, it may be progressing slowly but — but — it is progressing. SkyVue has ground to a standstill. “We anticipate construction to resume in the next couple of months,” said Bulloch associate David Gaffin. I’ve heard that one before. Funny how the “next couple of months” would coincide with Continue reading

Posted in Architecture, Current, Economy, Genting, Harrah's, Massachusetts, MGM Mirage, Penn National, Politics, Regulation, Steve Wynn, The Strip, Tourism, Tribal, Wall Street | 2 Comments

Deal or no deal?; Two-face Trump; Good news for Adelson

This just in: Poker Stars has announced an agreement to offer Internet gambling in New Jersey via Mohegan Sun-run Resorts Atlantic City. This enables Rational Group to get a U.S. foothold without the inconvenience of buying a physical casino.

Colony Capital is free to keep trying to sell the Atlantic Club, says a New Jersey court of appeals. This puts would-be buyer PokerStars in an interesting pickle: What if it wins its argument at the state Supreme Court level — but Tom Barrack has already gone and sold the casino to someone else? PokerStars owner Rational Group‘s fixation on trying to buy an asset from someone who doesn’t want to sell it — and already bargained quite cynically — looks most irrational. Further complicating the situation, Atlantic Club COO Michael Frawley is making noises to the effect that Colony might want to hang onto the casino and get into Internet gambling itself … which would neatly explain Colony’s double-cross of PokerStars. You can just about see the Continue reading

Posted in Atlantic City, Colony Capital, Current, Donald Trump, Economy, Internet gambling, Macau, Pennsylvania, Sheldon Adelson, Tourism, Tribal | 1 Comment

Station 2, Caesars 0; Death in Vegas

My expectation that Caesars Entertainment, leveraging its World Series of Poker brand, would outstrip Station Casinos‘ online-gaming offerings is looking unduly optimistic. Caesars Interactive hasn’t been able to get out of the driveway while Ultimate Gaming has gone virtually coast-to-coast. In addition to its Nevada presence it is now the Internet-gambling provider to Trump Taj Mahal (but not to on-the-block Trump Plaza). There’s also been no sign of Borgata and its online partner Bwin.party getting into the race anytime soon. Although Ultimate Gaming has dealt six million-plus hands of poker already, Trump Entertainment Resorts CEO Robert Griffith went pretty far overboard when he gushed, “We are delighted to be working with a trusted partner that has a proven track record.” Bob, Ultimate Gaming is just a bit more than Continue reading

Posted in Atlantic City, Boyd Gaming, Cirque du Soleil, Donald Trump, Economy, Harrah's, history, Illinois, Internet gambling, MGM Mirage, Slot routes, Station Casinos, The Strip | 1 Comment

Big Brother Sheldon

Professional sourpuss Sheldon Adelson doesn’t think you should gamble … on the Internet, that is. (“In the history of bad ideas, this has to be one of the worst,” the ad glumly intones.) In Adelson’s intellectually dishonest world it’s perfectly OK to gamble in Continue reading

Posted in Cantor Gaming, Internet gambling, Problem gambling, Sheldon Adelson, TV | 1 Comment

Case Bets: Crystals, Baltimore, Mohegan Sun, Macao

Somebody’s finally found a good use for Crystals: as a museum. Daniel Liebeskind‘s design of the property would be more conducive to viewing art than to shopping and it never has trouble drawing lookie-lous. (Customers, eh, not so much.) Somebody at MGM Resorts International must have been thinking along the same lines for the high-end mall is playing host to a pair of James Turrell installations. One is on the monorail platform. The other occupies an empty, upper floor of the Louis Vuitton store. Akhob, as it is called, can only be viewed by appointment but it sounds though it would be worth the trouble.

As art critic Kevin McGarry rhapsodizes of the Las Vegas Strip, “a neon playground awash in a sea of Continue reading

Posted in Architecture, CityCenter, Current, Entertainment, Harrah's, Macau, Maryland, Massachusetts, MGM Mirage, Sheldon Adelson, Taxes, The Strip, Tourism, Tribal | 2 Comments

Jumped, pushed or just fed up?

All of a sudden there’s a spate of turnover in the gaming industry. The ongoing verbal meltdown of Paula Deen was going to have to force Caesars Entertainment to take some form of action, particularly if it wants to preserve its reputation as a champion of progressive social views. After it was reported that Caesars was only severing its business relationship with Deen at Horseshoe Southern Indiana, a clarification came from Executive Vice President of Communications and Government Affairs Jan Jones Blackhurst. To wit: Caesars’ contracts with all four Deen-run restaurants (at Horseshoe SI, Harrah’s Cherokee, Harrah’s Tunica and Harrah’s Joliet) would be allowed to expire. Caesars joins a long line of companies to whom Deen has become radioactive. The question is, as offensive as racist attitudes may be, where was this outrage earlier? Where was it when Continue reading

Posted in California, Cretins, Current, Dining, Florida, Genting, Harrah's, Illinois, Indiana, International, Mississippi, Sheldon Adelson, Tribal, Wall Street | 3 Comments

Shifting Sands; Happy birthday, Hollywood Aurora

(Update: J.P. Morgan analyst Joseph Greff vented frustration to investors over yet another “self-inflicted negative headline,” while remaining upbeat on LVS stock. He did not relate Kay’s departure to “any negative event … We note that Mr. Kay worked for LVS for 5 years, the first 3 years on a contract, the last 2 years not (source proxy). So we deduce that not being offered an employment contract may have been an issue. We understand that Mr. Kay is not leaving for a position at another company.” Greff speculates that Sands will try to poach a CFO from another company “with China exposure,” so Asia-savvy executives at MGM Resorts International and Wynn Resorts suddenly have valuable new bargaining chips with their employers.)

Las Vegas Sands doesn’t just air its dirty laundry in public; it rubs our noses in it. So today’s resignation by CFO Kenneth Kay bears a bit of parsing. Many will be tempted to include that Kay is the latest executive to clash with Sheldon Adelson and feel the mogul’s wrath. But no, Kay is staying on for six months as a consultant, while Sands finds a replacement. When Jonathan Halkyard quit Caesars Entertainment to go to NV Energy, his departure was abrupt and total, leaving Gary Loveman to temporarily fill in as CFO. Kay’s also getting a year’s salary, a 2013 bonus and an indefinite extension of his health-care benefits. If that’s a hostile break-up, I wish someone would get as angry with me.

Tempus fugit Dept. Time sure flies, especially when you’re Penn National Gaming‘s Hollywood Aurora. It opened as a riverboat casino 20 years ago, but that feels like much more recent history. Of course, much has changed. The cruising riverboat has given way to Continue reading

Posted in Current, Economy, Harrah's, Illinois, Macau, MGM Mirage, Penn National, Sheldon Adelson, Steve Wynn | 1 Comment

History in the making; Mohegan Sun: Go fly a balloon

Soon, the North Fork Rancheria Band of Mono Indians is expected to become not only California‘s 63rd gaming-enabled tribe but the first with an off-reservation casino. The medium-sized (2,000 slots, 200 hotel rooms) facility would be 36 miles off the rez, near Madera. The Rancheria Band may soon be followed off-rez by the Estom Yumeka Maidu Tribe of the Enterprise Rancheria.

After a laborious, nine-year process, the Mono Indians’ land grant squeaked through the California Assembly and is expected to pass the Senate. (The quid pro quo is Continue reading

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Shocking! Just shocking!; Riviera: Choy gets the chop

Andrew Breibart heir Matthew Boyle has his bloomers in a twist over the fact that Nevada Sens. Harry Reid (D) and Dean Heller (R) have tweaked the immigration bill currently before the Senate to include an indefinite extension of the Travel Promotion Act, which promotes tourism … including to Sin City. This seems to horrify Boyle, who fumes that it is “little more than a handout to Vegas casinos.” Caesars Entertainment also feels Boyle’s ire for having had to gumption to publicly thank Reid on the Bally’s Las Vegas ticker when the bill was originally passed, in 2009. “Reid has consistently pushed projects that benefit big casinos over the course of his career,” is Boyle’s concluding harrumph. Yes, because they’re

Continue reading

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Wynn wins big; Foxwoods and Mohegans try harder

As expected, voters in Everett, Massachusetts, went to the polls, expressed their approval of Wynn Resorts‘ proposed resort — and it wasn’t even close. Opposition was obliterated, 86% to 14%. Where the burghers of tony Foxborough had turned up their noses at Steve Wynn, blue-collar, economically challenged Everett embraced him. With a host-community agreement and a literal vote of confidence in hand, Wynn has lined up his ducks with impressive speed — while the Massachusetts Gaming Commission is beginning to lose patience with other cities — even if neighboring communities like Somerville have to be brought into the fold. (Rival Suffolk Downs is still bogged down in negotiations.) True, a $1.2 billion casino in Continue reading

Posted in Culinary Union, Election, Entertainment, Massachusetts, MGM Mirage, New Hampshire, Regulation, Sheldon Adelson, Steve Wynn, Tourism, Tribal | 2 Comments

Wynn Everett a slam dunk?; Caesars In(ter)active

It’s looking that way. Amounts donated by Wynn Resorts and Wynn affiliates toward this weekend’s referendum: $465,000. Amount spent in opposition: $0. That’s right, nothing. Steve Wynn has also been careful not to stir up potential anti-casino ire by avoiding media buys, going instead with a door-to-door persuasion strategy. It appears as though Wynn’s low-key approach will be rewarded with a big victory in Massachusetts this weekend.

In Nevada, approved, would-be operators of Internet casinos have a six-month window in which to get up and running. Failing that, they can be granted waivers by the Nevada Gaming Commission. This was recently done for several companies, which wouldn’t be newsworthy were one of them not Caesars Interactive. It’s more important to do this right than do it first. Still, given the years of preparation Caesars has put into the eventuality of U.S. online gambling, it’s surprising to see it having so much difficulty getting out of the starting blocks.

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