“This had been seen as mainly a China problem. Now, there is more concern about how difficult this virus will be to contain.”—Rockland Trust Director of Research Doug Butler, after coronavirus fears drove the Dow Jones down 1,030 points.
in tribal-casino exclusivity fees 
savings back somewhere. Potential sales of Caesars Entertainment‘s branded sports-betting operation and Internet gambling have already been reported. Ditto selloffs of the Colosseum and Caesars Forum convention center (Sheldon Adelson will take your call, Mr. Reeg). Now comes 
bourses are taking it hard, too, worse than American ones. Like Ron Swanson on Parks & Recreation, investors are putting their money in gold. Airlines, computer companies, even shoe manufacturers are preparing for their bottom lines to catch the flu. Oil prices are down 4.5% (rare good news for consumers) but your overseas purchases—like that Alpine Symphony CD I just ordered from Amazon—are going to take longer. While most of the infection is confined to China, some 79,000 cases have been chalked up worldwide. So bad is the situation that a Thursday Chinese bulletin of 
believes that the company will put more emphasis on share buybacks and dividend increases in the second half of the year. Plus it won’t have to pay any taxes this year. The company expects cash flow derived from Las Vegas locals to grow 3%, while the Midwest and South regions should be up at least 2.5%. Boyd narrowly beat Wall Street expectations for 4Q19 cash flow ($227.5 million vs. $225 million) and posted total revenue of $833 million. Recent acquisitions continue to pay off, as cash flow at Ameristar– and Belterra-branded casinos was 
way of saying the threat from Springfield is no longer as great. On the other hand, Foxwoods Resort Casino and Mohegan Sun pulling in their horns could point to problems closer to home. “We’ve refined it a little bit based on the data that we have,” rationalized Mashantucket Pequot Chairman Rodney Butler. “We now know more about the market … There’s been a lot of concern expressed over the past few years regarding saturation of the market.” Yes, but coming from someone like Butler it’s novel. His sudden lack of confidence comes as the Nutmeg State Lege is mulling an all-out expansion of gambling: iKeno, a Bridgeport casino, sports betting, “entertainment zones,” etc.
has Sen. Bernie Sanders (I), as expected, winning Nevada -350. Trailing him are Joe Biden (2/1), Sen. Elizabeth Warren (D), way back at 12/1, Pete Buttigieg and Sen. Amy Klobuchar (D) both at 20/1 and, without a prayer, Tom Steyer at 100/1. Heavy ad buys don’t translate into votes, we guess. When it comes to the Democratic nomination, it’s a different story. Vaccaro favors Michael Bloomberg (7/5) over Sanders (2/1). Biden (6/1) faces an easier odds path to victory than Warren (20/1), Buttigieg (25/1), while Klobuchar (60/1) has worse odds than such undeclared candidates as casino flip-flopper Hillary Clinton and film producer Michelle Obama, both at 40/1.
million. That was a 10.5% decline for the racino, where the slots won $298 per slot per day, a notable dip from $333/day last year at this time, as coin-in declined 7%. Luck was in MGM’s favor (as were hold percentages), as slot win jumped 14% on 2% less handle. Unfortunately, table game revenue ($6 million) represented a 14% stumble. Even as it continues to feel its way into the Boston market, Encore continued to win at a $1.6 million/day clip. Slot wagering was $328 million, of which Wynn Resorts kept 
but of Sheldon Adelson. (Mirage Resorts was financed with junk bonds, you may recall.) Former San Francisco 49ers owner Edward DeBartolo not only failed to report being shaken down for a bribe by then-Louisiana Gov. Edwin Edwards (D), he paid the bribe (and got a casino license in return). Yesterday’s DeBartolo reprieve should embolden crooked politicians everywhere, as should that of ex-Illinois Gov. Rod Blagojevich (D), the man who ratcheted the state’s top tax rate for casinos to a kleptocratic 75% and tried to sell Barack Obama‘s vacated senate seat. He also tried to extort $100,000 from a racetrack owner in exchange for extending horse racing subsidies. Whatta guy.
There used to be a saying that Nevada was at the top of all the bad lists and the bottom of all the good ones. How do you feel about this one? WalletHub has ranked Nevada as the “most sinful” state in America. I’m not sure how they quantify “anger and hatred,” but the Silver State is ninth in that category. (It’s a good thing Washington D.C. isn’t a state or it would be #1.) The cost of gambling addiction—$500 million—was laid entirely at Nevada’s feet and widespread cigarette smoking didn’t help either. Per WalletHub’s methodology, we lead the nation in greed, are third in jealousy and lust, sixth in laziness, as well as in “excesses and vices” but are only 
truck appeared on the gambling floor amid the slot machines and table games.” You could fill up on nachos for $7/plate or you could eat in one of the restaurants and leave as much as several hundred dollars (money that might want to spend wagering) behind. Wynn Resorts‘ miscalculation of Beantown is not the first time a Steve Wynn casino has missed its niche: There was a steep learning curve at Beau Rivage when it opened in 1999.
enough support from institutional investors for his ouster.” The reason is not clear, as Murren had been doing everything possible to placate dissidents, including selling almost all of the company’s real estate to sundry REITs and 
recent poll “found Sanders the clear front-runner in Nevada with 25 percent support to [Joe] Biden’s 18 percent. [Elizabeth] Warren was in third with 13 percent, followed by [Tom] Steyer with 11 percent. [Pete] Buttigieg and [Amy] Klobuchar, who are only now putting in major resources into the state after focusing on Iowa and New Hampshire, each had 10 percent.” By contrast to its seemingly ineffectual blasts at Sanders, the Culinary’s decision to sit on its hands—dictated by consigliere Harry Reid—spells Silver State doom for Biden. Reported the Globe, “Biden was introduced by US Representative Steven Horsford to a half-full union hall.” Ouch.
Such is the Culinary Union‘s clout that Nevada Sen. Jacky Rosen (D, left), Sen. Catherine Cortez Masto (D) and Rep. Susie Lee (D) will also be casting their caucus ballots at Culinary-sponsored events, staggered across today through Tuesday. On Wednesday, the Culinary will wrap its electioneering up by picketing the Palms because the Fertitta Brothers “are major funders of the Trump Victory Fund and supporters of the Republican agenda.”
endorsing … nobody. It could be regarded as a diss of Sen. Bernie Sanders (I) and Sen. Elizabeth Warren (D), as the Culinary implicitly repudiated Medicare for All. It demanded “choices” in health care. -
Recent Posts
- You can’t fix stupid; Good-bad news on the bayou
- If you can’t beat ’em, cheat ’em; Fun & games
- Pennsylvania soggy; Epic fail in North Carolina
- Sibella scandal spreads; Supremes forestall Seminoles
- Atlantic City rebounds; Sibella dumped; NFL suspicions
- MGM limping back; Atlantic City follies; Wall Street Jottings
- On and off the radio
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- MGM paralyzed; DraftKings debacle; Mount Airy wins
- Bally’s opens, Chicago yawns; MGM, tree murderers
Categories
@Stiffs_Georges
Error: Invalid or expired token.-
Archives
Recent Comments
- Alice Eskandari on Durango Station, slightly downsized
- David McKee on You can’t fix stupid; Good-bad news on the bayou
- American Gaming Guru on You can’t fix stupid; Good-bad news on the bayou
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on Sibella scandal spreads; Supremes forestall Seminoles
- Ray Lebowski on Sibella scandal spreads; Supremes forestall Seminoles
- David McKee on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- Paul Shanahan on MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi
- ACGambler on MGM limping back; Atlantic City follies; Wall Street Jottings
- Bob on Bally’s opens, Chicago yawns; MGM, tree murderers
Views
- Sibella scandal spreads; Supremes forestall Seminoles - 56,329 views
- You can’t fix stupid; Good-bad news on the bayou - 56,230 views
- If you can’t beat ’em, cheat ’em; Fun & games - 54,654 views
- Pennsylvania soggy; Epic fail in North Carolina - 55,589 views
- Atlantic City rebounds; Sibella dumped; NFL suspicions - 55,570 views
- Profit vs. investment on the Strip - 1,055,339 views
- Lame nag; Frissora overpaid? - 578,473 views
- The evils of bingo; Wynn’s Aqueduct exit - 90,469 views
- That casino smell - 63,595 views
- Bally’s opens, Chicago yawns; MGM, tree murderers - 58,114 views
- MGM crippled; Illinois & Indiana report; Bally’s shaky in Chi - 57,698 views
- MGM paralyzed; DraftKings debacle; Mount Airy wins - 57,113 views
- MGM limping back; Atlantic City follies; Wall Street Jottings - 56,746 views
Blogroll
Admin.