Politics and gambling have literally gone to the dogs in West Virginia. A certain Harry Marshall Rae has pleaded ‘not guilty’ to attempted extortion of Gov.-elect Earl Ray Tomblin (D). At issue is an alleged $50,000 demand — placed on Tomblin’s Web site — or else “embarrassing video involving the greyhound racing industry” would be released. Now, unless that videotape showed Tomblin having carnal knowledge of Continue reading
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Casino revenues last month in Pennsylvania must have been riding a pogo stick — up 13% from last year. That includes a 39% moonshot in table revenues. Leaders include Sands Bethlehem (22%, right), while Penn National‘s eponymous racino must be counted a disappointment, up 1% in September but -1% for the quarter to date, thanks to flat slot revenues. Sands, by contrast, overshot expectations: slot revenues rose 9% and tables 78% (!), with another month to go before the effects of Resorts World New York begin to manifest themselves. Considering that RWNY will only have mock table games and VLTs, S&G now expects it will only make a minor dent in Sands’ performance.
In plain old dollars and cents, Parx Casino‘s $41 million (+7%) was tops for the state, although Sands ($8.7 million) is now the premier money-maker in the table-game subcategory — grossing almost 3X as much as Penn did. (Penn’s rejected Aqueduct Racetrack concept is seen at left.) Except for Presque Isle Downs (-4%), all outlying casinos had positive months, led by The Meadows racino’s $24 million (+3%). In downtown Philadelphia, one-year-old SugarHouse has leveled off at
“You can’t fight the tape.” — MGM Resorts International CEO James Murren, on the futility of reasoning with the stock market, at Global Gaming Expo last week.
Similar rectal probes
After four months of vacillation, Gov. Pat Quinn (D-IL) has gotten off the fence and
“The free market will work over an extended period of time. The question is how long do you let the pain and suffering go on?” — local economist John Restrepo, on
“You can’t legislate everything in life. People [from Massachusetts] are gaming in Connecticut, Rhode Island, Las Vegas and Atlantic City.” — state Rep. Paul K. Frost (R-Auburn), speaking in support of Massachusetts’ nascent casino industry.
This just in … the Massachusetts state Senate voted 24-14 to send casino legalization on to a conference committee, where the House’s version — passed with a crushing majority — already reposes. Differences between the two versions, obviously, will have to be reconciled but analyst Joseph Greff characterizes those as a “small hurdle” to eventual passage, though
“You know,
A bit shy of two years into his tenure as president of the Tropicana Las Vegas, veteran executive Tom McCartney
Sheldon might want to savor that victory because he’s not having too many in court these days. In related litigation,
In
Last night, Station Casinos brass met with residents of Richfield Village, regarding the former’s proposed water park, at the nexus of I-15 and Desert Inn Road. Richfielders were told that Station wants to change the zoning on the parcel from “commercial” to “industrial” in order to be congruent with the prevalent zoning in the area. That explanation doesn’t quite allay the fears of those area residents who have visions dancing in their heads of Station flipping the acreage … finding themselves living on the north side of an industrial park. The matter heads to the Clark County Planning Commission on Armistice Day (Nov. 11), at which point the general public will become privy to what sort of aquatic wonders Station plans to build near where the Scandia Fun Center once stood.
“Ferries don’t come to Macao during a typhoon but they don’t leave either.” — Deutsche Bank gaming analyst Carlo Santarelli, endeavoring to calm investor fears of “a broader slowdown in China” — anxieties that have driven MGM Resorts International, Las Vegas Sands, Wynn Resorts and Melco Crown Entertainment stocks down anywhere from 10% to 20%.
Although its cash flow
Despite the fawning applause of an exceptionally ass-kissy audience — two young men behind us were in a state of nonstop rapture — the movie is indescribably bad although it would give a Freudian analyst a field day. For instance, young Siegfried (played by a waxen child “actor”) strays into a magic shop, represented as a long, womb-like tunnel at the end of which is a forbidding hag. Over this, old Siegfried is heard to say, “The world of magic is not easy to enter.” At another point, during a transatlantic cruise, young Siegfried looks deeply into the eyes of young Roy and says, “In magic, anything is possible.” The Magic Box plays like a 50-minute “coming out” video. The gay isn’t just in the house, it is the house — especially listening to Roy reminisce in Tallulah Bankhead–