“We need to take the issue seriously instead of avoiding it. We can’t let this big cake be eaten all by foreign capital.” — Phoenix Island Chairman Zeng Xianyun, advocating casino expansion to tourist-oriented Hainan Province, where MGM Resorts International has signed a letter of intent to build a Bellagio-branded hotel.
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of the Tohono O’odham Nation, Desert Diamond was the bane of Gov. Doug Doucey‘s existence, as well as that of other nearby tribal casinos. The T-Os, as they are known, cannily exploited a loophole in the Indian Gaming Regulatory Act to plant their flag in the greater Phoenix area. After much agitatation,
wagering, up from 65% last July. “Most encouraging is that Pennsylvania’s online market is still expanding with new brands, including DraftKings. That should only encourage more growth,” said gaming analyst Dustin Gouker. Still preeminent was FanDuel Sportsbook at Valley Forge Resort Casino, with $114 million in online handle. It was followed distantly by Rivers Casino Philadelphia ($30 million) and Rivers Casino Pittsburgh ($26.5 million), as well as Parx Casino ($18.5 million).
market in the U.S. The coalition wants to put the California Sports Wagering Regulation & Unlawful Gambling Enforcement Act on next year’s election ballot. Setting the betting age at 21, the Act would enable sports betting at tracks and tribal casinos, with collegiate and professional games eligible for wagering. High-school-sports betting would be out of bounds. Wagering on California collegiate games would also be verboten. Revenues would be taxed at 10% with some of the proceeds funding mental health programs. (So far, so good.)
“Our customers are worried about gambling ads on TV – and we understand their concerns. That’s why we’ve committed to limiting the amount of gambling ads on Sky and better protecting those vulnerable to problem gambling.” — Sky UK CEO Steven van Rooyen on
ceded 7% at the tables for an overall 1.5% increase. It grossed $51.5 million. The Caesars Entertainment trio was up 1%, managing to gain 3% on slot win, an advance almost negated by 3.5% less table win on 7% less wagering and despite an astronomical hold percentage. Caesars Atlantic City grossed $22 million, an 8% increase, Harrah’s Resort reported $24 million, up 1% and Bally’s Atlantic City slid 9% to $13 million.
Street expectations by 3%. IGT stock vaulted 23% on the news. “We like IGT’s defensive revenues, long-term contracts and stabilizing US gaming business,” Combes wrote. “Offsetting this is ongoing concerns in Italy around taxes, low growth, and a deleverage story that will take time to play out before capital returns increase.” Replacement sales in the U.S. were very strong, up 38%, while lottery and VLT revenues rose 1%. A 12% increase in Italian taxes translated into $127 million less operating income. Mamma mia! No mention seems
Japanese megaresort at $12 billion, while Fitch Ratings thinks it will be closer to $15 billion—more than double the cost of the world’s most expensive casino, Marina Bay Sands. The Motley Fool reports that Goldstein “believes it should serve as a gut check for the industry to really consider whether it can get the appropriate return for investors by spending that kind of money.” We’ve long been skeptical of the pie-in-the-sky returns projected for Japanese casinos and this only bolsters our caution. Sands recently pulled out of the race for Osaka (leaving Genting Group, Galaxy Entertainment and “Osaka First” MGM Resorts International), choosing to put its bet on Tokyo. Markets smaller than Tokyo, Yokohama and Osaka appear to be falling by the wayside.
shuttle stops at the airport, other MBTA stations and anywhere else that a Wynn shuttle happens to lay over, usually 15 times a day. “The casino is a brand-new neighbor, and it’s already wearing out its welcome,” said CLF Massachusetts Director Alyssa Rayman-Read, who accuses Encore of violating both federal and Bay State clean-air laws. Wynn Resorts, for its part, rather meekly agreed to comply with state law vis-a-vis idling buses.
Only Hollywood Toledo blew it, down 1.5% to $16 million. The biggest gainer was Hollywood Dayton, leaping 14% to $10 million. Just a tenth of a percent behind was Jack Thistledown, grossing $12 million. Hollywood Mahoning Valley also impressed, jumping 10.5% to $11 million. In sheer dollar volume, MGM Northfield Park‘s $21 million (up 2%) led the state, while Hollywood Columbus was a distant second with $18.5 million (also up 2%).
“There’s also an argument to be made that in a state with such high poverty rates—almost half the state’s residents are on Medicaid and one in four is on food stamps—it’s unconscionable to offer folks yet another avenue to lose the rent. Ditto for adding still another group of people who haven’t put in the sweat and tears of training to those who can make a buck on the backs of unpaid college athletes.”—editorial in the Albuquerque Journal, inveighing against Isleta Resort & Casino‘s 
Mr. Wynn of rape. Palleggi adds that Elaine Wynn gave the Journal the names of 150 women to ask about her husband’s sexual misconduct. Where there’s that much smoke there’s bound to be a modicum of fire. (Elaine Wynn denies the allegations.) The testimony comes as Steve Wynn tries to snuff out a lawsuit by former hairdresser Jorgen Nielsen that now-CEO Matt Maddox and others at Wynn Resorts engaged in espionage against him for having taken a public stand against Mr. Wynn. “They say Nielsen is a self-described close friend of Elaine’s and thinks she’ll benefit from his efforts,” reports Bloomberg.
get by with once-a-day Amtrak service.) Gov. Charlie Baker (R) has had a change of mind and now supports at least