“As we look across the whole landscape, we think that there are many, many regional assets where we think the cap rate should not only be the equivalent of a luxury Las Vegas resort like a Bellagio, but could potentially exceed it.”—MGM Growth Properties CEO James Stewart, one of several REIT execs looking to ameliorate their exposure to the recession-vulnerable Las Vegas Strip by diversifying into regional properties.
the job. Congratulations … we think. Also, Chairman John Alexander is out and Executive Director Helen Coonan takes his place. “Alexander stepping down is not a good thing but the greater problem that they do seem to have is all the issues related to the sale to” Melco Resorts & Entertainment, said CPS Capital Associate Director Dale Raynes. “They needed to tighten the ship and prove that they have the relevant management in place.” Coonan describes the moves as a response to investor feedback. Crown is being probed, in part, to determine if the Melco sale benefited Stanley Ho, persona non grata Down Under.
the Indiana Gaming Commission to 
plunge. Santarelli’s opposite number at JP Morgan, analyst Joseph Greff countered that “There’s value for those who are patient.” He began by noting a 16% falloff in shares of MGM Resorts International, Melco Resorts & Entertainment, Las Vegas Sands and Wynn Resorts. He observed that “a very harsh [cash flow] impact is already being reflected at current levels, and thus we have some level of reasonable confidence that there are values to pick through in 
rationale and a clear conflict of interest. Hard Rock engaged its legal counsel in Greece and has retained counsel in Brussels to review the matter,” the company stated. The “inaccurate rationale” would be a complaint that Hard Rock didn’t explain how its project was to be financed. The “clear conflict of interest” is that “The law firm advising the Hellinikon IRC Tender Committee and the Hellenic Gaming Commission on our disqualification has also represented a member of the competing bidder since 2008.” An unnamed member of the Mohegan Gaming & Entertainment-led consortium is also accused of being part of a “price-fixing cartel.”
United States. China President Xi Jinping has taken various safety precautions, including cracking down on animal markets, which are believed to be instrumental in spreading the disease. Tour groups are being temporarily shut down, while Chinese New Year is being extended to incentivize people to stay at home. The U.S. government, meanwhile, has waffled on getting diplomats and private citizens out of the “hot zone.”
by the Alliance of American Football, which collapsed midway through its inaugural season. (Says gaming reporter Wayne Parry, “Betting on those games was likened by several sports books to the level of some mid-to-lower tier college games.”) Hey, 
However, Hard Rock International is not taking its rejection lying down. Citing what have described as “rather bizarre” criteria for its rejection, Hard Rock describes the government’s preference for the Mohegans as “absolutely laughable.” (Would this be tribe-on-tribe violence?) Provided it files an official appeal, as appears certain, Hard Rock will 
impressed or to laugh. In what has to be the most fey NFL event ever, the announcements will be made from a stage in the middle of the Bellagio lagoon (yes, a floating stage), with chosen players being ferried to the podium—any chance Sheldon Adelson will loan them some gondolas?—to receive their ceremonial jersey. The Clark County Commission has yet to approve this hilarious and campy concept although we’re sure they’ll play ball, so to speak.
coming to a game, we need about 9,500 spots,” said Raiders President Marc Badain. “For staff and support staff workers, we need about 2,500 spots. We’ve identified as many as 30,000 spots in the immediate vicinity, most of which are within walking distance. We have in our control 15,000 spots already.” That leaves them only … oh, 15,000 spots short. The team is currently dickering with landowners in the vicinity of Allegiant Stadium, hoping to buy or lease more blacktop.
Rock International and continues to lead Ohio in gambling grosses despite the seeming handicap of having no table games. Mathis, who had shepherded MGM Springfield to completion, had little answer for 
new life into the comatose Congressional Gaming Caucus. Reschenthaler is from Pennsylvania, Thompson from Missouri, two states where casinos are major players. Nevada is, as you might expect, well-represented with Rep. Mark Amodei (R), Rep. Steven Horsford (D) and Rep. Dina Titus (D) all in the caucus. (Poor Susie Lee [D] gets left out in the rain.) The GOP needs to show more love for Big Gaming, though: only 
interests as they accuse Republicans of being. So casino-hotels will be able to go on stashing fees for the “use” of that gym you didn’t visit or for the in-room phone you didn’t pick up or even for the ‘free’ newspaper you didn’t read, let alone request. As you are undoubtedly aware, the casino industry’s favorite revenue-capture tactic of the day is to advertise low room rates, then smack you upside the head with outlandish resort fees once you’ve closed the deal.-
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