Penn National Gaming got a rave review from J.P. Morgan gaming analyst Joseph Greff, who wrote that ” we continue to believe PENN offers
a favorable risk/reward with an attractive valuation.” Strong fundamentals in the regional-gaming sphere were cited, as were better weather and deleveraging made possible by a sale of the Tropicana Las Vegas. Plainridge Park “continues to experience competition/promotional pressure” from Encore Boston Harbor, with a 14% revenue decline in this quarter predicted, slightly offset by gains in Ohio. “Looking further out, the regional gaming consumer remains healthy, supported by a strong macro environment (wage growth, employment, consumer confidence all pointing in the right direction).”
Both synergies from the Pinnacle Entertainment acquisition and same-store efficiency improvements are expected to Continue reading


that they had paid only $39,000 of a $424 million liability and gave them three days to get out of arrears. “I’m giving you at least three days,” he said over CNN Philippines. “That’s good enough, fair enough. Do you think it’s fair, three days? What do you think as a Filipino? Three days would be a kind of a good grace period for them.” He added, “I’m giving you three days to pay your debts. If not, you POGOs, I will shoot you with air guns. Because from where I come from, pugo [quail] is
casino-travel-destinations list. Brimming with glamorous lights, fascinating architecture, and innumerable stunning casinos, this city is the Mecca for all gambling enthusiasts. You can outrightly feel the excitement in the air and the energy coming from all the hopeful players around you once you visit the city. Not only that, but you can also indulge in different entertainment, nightclubs, concerts and high-end restaurants. Go ahead and see its gambling splendor and extravagant beauty all poured out for you.
Despite his New York posting, Clinton was better known for his lobbying efforts in Hartford, trying to block a tribal casino in East Windsor and gain an MGM megaresort in Bridgeport. Clinton was also starting to jawbone the New York Lege for table games at Empire City, even though it’s not supposed to get them before 2023. Connecticut state Rep. Joe Verrengia (D) took a business-as-usual approach, saying, “There’s plenty of unfinished business to deal with in the upcoming session, and I’m sure MGM will continue to be part of that discussion.” As for the New York legislative push, Gov. Andrew Cuomo (D) dismissed it, saying,
hard to believe that entirely accounts for the variance. The overall gross was $116 million, with Eldorado Resorts having a rare good month at Grand Victoria, flat at $13 million. Rivers Casino Des Plaines far outdistanced the state average, with $40 million, an 18% pole vault. The closest competition came from Harrah’s Joliet, down 2% but still grossing $14 million. Empress Joliet gained 7% to $10 million while Hollywood Aurora was up 4% to $10 million.
synonymous with gridlock and cronyism. Not only is Resorts Atlantic City owner Morris Bailey contributing heavily to a referendum to phase Hizzoner out, more importantly, the city’s unions are lending their muscle to the effort. (Don’t mess with the unions in Atlantic City.) There would actually still be a mayor, under the reform proposal, but he or she would be chosen from among a downsized city council. Unite Here Local 54 President Bob McDevitt needs 2,472 signatures to get the question on the ballot and says he’s got them.
board of directors of complicity in Steve Wynn’s sexual misdeeds (which he insists were consensual, as if that makes a difference). As part of the settlement, no longer will one person hold the roles of chairman of the board—currently occupied by the admired Phil Satre—and CEO. Lead plaintiff in the lawsuit was New York State Comptroller Thomas DiNapoli, litigation that was rolled into suits by pension funds that also had their dander up about Wynn Resorts. In return for a big payday, the litigants absolved the Wynn Resorts board from blame for Sexgate.
Culinary Union members by
Virginny will have to put its hopes on that traditional cash cow, Richmond. A study conducted in part by The Innovation Group projects
about a lack of action on the 2018 Broken Promises report. The latter chronicles failed financial commitments that stretch across the George W. Bush, Barack Obama and Donald Trump administrations. In addition to heading the NCAI, Sharp is also president of the Quinault Indian Nation. Broken Promises is a 2018 follow-up to “A Quiet Crisis: Federal Funding and Unmet Needs in Indian Country,” a 2003 report by the U.S. Commission on Civil Rights. It determined that funding for Native American populations was “disproportionately lower than funding for services to other populations.”
higher—exclusivity fees. To his credit, Stitt has put sports betting on the table as an incentive. Small implies that 6%, which Sooner State tribes pay, is far too little and that Connecticut‘s 25% (which only applies to slots) would be fairer. He also cites Florida, but that state isn’t getting any gaming-tax revenue from the Seminole Tribe at present, so I don’t know if that particular dog will hunt. For their part, the tribes say they’re still waiting for a concrete proposal from Stitt, who has been exquisitely vague about what he wants from them. “What is that written proposal? What do they have to offer of interest?” asked Choctaw Chief Gary Batton, who likened Stitt to a used-car salesman, the unkindest cut possible.
$150 million a year less in revenue from Chicago. That’s about 15% of the entire capital plan.” Oh, Laura mercy, as Pogo would say. Somebody should ask Syverson what he plans to do when no casino is built and there’s exactly $0 going into the capital plan. Somebody must have asked Syverson if this was sour grapes, since he represents Rockford, soon to be home of a Hard Rock-branded casino. Seemingly high on happy dust, he replied, “Chicago’s casino is going to be the most successful and the biggest, and it’s going to generate the most revenue. The idea of giving them a much better deal than Rockford gets, it just isn’t fair, one, and then second, it’s going to hurt the state’s revenue.”