“I’m not a socialist. I like capitalism. I think markets need to be regulated. I think when people face a combination of avarice and conscience, avarice tends to win, and so we need to regulate our markets.” — Stacy Abrams, stating one possible argument for regulation.
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to beat him with—so he sat on his hands, letting it become effective without his signature. Justice similarly hid under his desk when a sports-betting bill came his way last year. There will be five i-gaming permits and, by a remarkable coincidence, the state has five brick-and-mortar casinos. Licenses will cost $250,000 and be effective for five years, whereupon renewal will require a $100,000 levy. Suppliers will pay $10,000 apiece to be licensed.
last year saw an 11.5% increase. Slot winnings were actually good ($268 million), up 4.5%, while non-baccarat table win jumped 14%. But baccarat was a triage unit, down 26% on 18.5% less wagering, making the house doubly unlucky. Strip casinos grossed $592 million overall. Downtown jumped 9% to $58 million, the Boulder Strip grossed $65 million (+2.5%), North Las Vegas grossed $24 million, up 5%, and miscellaneous Clark County jurisdictions like Mesquite and Summerlin pulled in an aggregate $97 million, an 8.5%. In other words, the picture was unquestionably healthy among locals gamblers and mostly so amidst the tourists.
Winner and he’s favored to win the annual run for the roses at Churchill Downs. At least that’s what Kentucky Derby Online Betting says. KDOB predicts the following order of finish:
the casino over her dismissal, which she alleges followed her complaints about sexual discrimination and retaliation. After booking a nightclub act that drew a largely African-American clientele, Carpenter says the casino’s general manager told her to never again “book a nightclub event for all black people.” She also charges the casino with firing her as relation for a workmen’s-comp filing. Carpenter says she was told she was not a “
found the Promised Land in Las Vegas, where he hopes to take a run at the boutique-hotel concept. His planned Astral would sit opposite Mandalay Bay (where Motel 8 is now) and rise 34 stories. Budgeted at $350 million, tops, it would Astral would feature a rooftop pool and sky lobby, as well as the de riguer nightclub. No word on gaming amenities, though we’re sure they’d be needed to make this gamble pay. Gabay is planning to launch Astral after the arrival of the nearby Las Vegas Raiders, prompting HREC Investment Advisors broker Josh Smith to tell the Las Vegas Review-Journal, “If he times it just right and has the right business model, it’ll have some success.”
think the larger point just goes to the fact that a couple of things: No. 1, this is such a massive part of our culture. People enjoy betting on sports and I think that’s why you’ve seen such a wide range of acceptance throughout the United States to see legalized sports betting. And then secondarily, it highlights the fact that, yes, while it may be illegal, there is the opportunity now to make it legal and to regulate it and to recapture that revenue.” — American Gaming Association Vice President for Public Affairs Sara Slane on the AGA’s shining of a spotlight on illegal sports betting. Incidentally, Utah has highest percentage of sports bettors — 26%.
imposition of a smoking ban in Red Stick, casinos’ business has been 17% lower, a business catastrophe. Belle of Baton Rouge collapsed 43%, hitting $2.6 million and putting Eldorado Resorts in a world of hurt. By that measure the other casinos could be almost said to be doing well: Casino Rouge shed 15% ($4.5 million) and L’Auberge Baton Rouge tumbled 12% ($12 million gross).
at $8.56. That’s a pretty good deal for a junk stock that has always traded below its IPO price because Gary Loveman had put Caesars into a world of hurt before deciding to go public. Under Politzer’s scenario, each CZR share would be traded for 0.09 of an ERI one. Let’s face it: Caesars shareholders would be getting a much better stock in this deal and should consider themselves lucky to have it. Eldorado would assume $10.9 billion in Caesars debt and could achieve up to $300 million in synergies, whether from merged marketing, labor cutbacks or “culled corporate expenses” (read: deadwood).
ability to more adequately compensate me. as other organizations have done with players who have similar achievements to mine. The Rays chose the former.” — defending American League Cy Young winner Blake Snell on the measly (by MLB standards) raise he got from the Tampa Bay Rays, one of many teams
properties up to speed in terms of revenue performance, 3) the MGM 2020 cost-cutting plan and 4) allocate capital appropriately. #1 could be taken to mean “We’re not buying Caesars,” as it emphasizes growth within the existing MGM empire. The company anticipates 15% or so returns on MGM Cotai and Park MGM. As for MGM Springfield, which has been a disappointment so far, management sees room for improvement in midweek slot play. Half of MGM 2021’s cost savings are to be extracted from the workforce, while marketing efficiencies are also expected to contribute as well.
McCain family deserves better. I don’t care if he’s president of United States, owns all the real estate in New York, or is building the greatest immigration system in the world …. Nothing is more important than the integrity of the country and those who fought and risked their lives for all of us.” — Georgia Sen. Johnny Isaakson (R), defending the reputation of the late Sen. John McCain (R) against a recent Donald Trump smear campaign.
daily. In the grand scheme of things, lodging with your pooch at a Vegas pet-friendly hotel is a two-way street. You not only want a hotel that is ready to accommodate your furry friend but you want to be certain your dog is ready for his her stay at a Vegas property. There are five tips to keep in mind when it comes to making sure you pooch is Vegas-hotel ready.
idea, risking a second bankruptcy. In a
ever before.” With those words American Gaming Association President Bill Miller strove to throw a light on the rampant nature of illegal betting in this country. Using a Morning Consultant study, the AGA estimates that 47 million Americans will bet on the NCAA roundball tourney, with only $3.9 million of the estimated $18.5 million wagered going through sports books and other legal channels. According to the AGA, 2.4 million will go to the neighborhood bookie while 5.2 million will use illegal offshore sites.