Time for some amusement among all the heavy lifting: How to ace your office’s Oscar pool. While I had intended to declare Christian Bale the even-money favorite for Best Actor, Rami Malek‘s win at the SAG Awards gives him momentum, as well as the edge among actors playing that favorite Oscar gimmick — portraying Continue reading
West Virginia ($10 million), Delaware ($5 million), Rhode Island ($1 million), and New Mexico ($500,000, all from one casino). The Silver State, which set a record last year will surpass its own $158.5 million high-water mark and should hold $1.2 million of the money bet (which shows you why high sports-betting taxes make no sense). Of the Garden State, 
and they are stringent. The only places advertisements will be allowed will be in the passenger terminals of airports and seaports. No ads on buses on trains, let alone visitor centers (even though the casinos are primarily targeted at tourists). More rules are expected to be promulgated, as the second phase of casino legalization in Nippon continues. The Land of the Rising Sun seems to be in no hurry to issue RFPs even though top gaming developers are champing at the bit.
Expectations” to “Not Lighting Cigars This Time.” At JP Morgan, analyst Joseph Greff shaved three dollars off his price target, lowering it to $57/share. Greff also cited Macao results that undershot expectations, as well as “softer than anticipated results in Singapore,” where Resorts World Sentosa is apparently clawing back some market share. Las Vegas was a saving grace “with attractive y/y growth in table drop, slot volume and room revenues.” While there were no progress reports on the new St. Regis suites in Macao, nor on conversion of Sands Cotai Central into The Londoner, the “continues to believe that its properties, and the Macau market overall, is capacity constrained (rooms/suites) on weekends and holidays and this investment should bear long term attractive returns.”
“The importance of experience is that it is protection against the disruption or the obsolescence of the real estate. If it’s a great place-based experience, it is something that Amazon, at least yet, has not figured out how to put in a box [and] ship to your house, such that it dislocates the real estate literally and figuratively.” — Vici Properties CEO Ed Pitoniak, 
respectively and juices the Pamunkey Indian Tribe into one of the casinos. The latter has declared its willingness to waive sovereignty and operate a private-sector casino along the same rules as everyone else. Why? Because the Pamunkey tribe is pursuing federal recognition and 
Atlantic City is where professional teams go to die, such as the Atlantic City Seagulls, which went 0-28 in their final season, the only winless season ever recorded in the history of the bygone United States Basketball League. The AFL reacted positively and a formal announcement 
$12 million. Casino Rouge fell 9% to $4.5 million and Eldorado Resorts had a disastrous month at Belle of Baton Rouge, careening 39% to a meagre $2.5 million. Can they even keep the doors open at that rate. In Shreveport/Bossier City, Penn National Gaming made an inauspicious debut at Margaritaville, slipping 6% to $13.5 million, Eldorado was flat at $10 million and Horseshoe Bossier climbed 1% to $18 million. Sam’s Town grew 7% to $4.5 million, Harrah’s Louisiana Downs hopped 2% to $4 million while Boomtown Bossier was up 4% to $5 million. Diamond Jack’s wants to leave Shreveport and the market reciprocated the sentiment, as manifested in a 17% plummet to $3 million.
most industry-friendly is state Sen. James Welch‘s, which would tax sports-betting revenue at 6.75% and would split sports betting into two categories, with the second category being venues like Plainridge Park that lack table games. Then there’s state Sen. Brendan Crighton‘s bill, which would legalize mobile wagering and contains a ‘bad actor’ that would redline any company found to have conducted illegal Internet wagering. It would tax revenues at 12.5%, set entry fees at $500,000 with $100,000 renewal charges. Least helpful is state Sen. Bruce Tarr‘s proposal for an 11-member commission to “
of predecessor Geoff Freeman. Indeed, that already seems to be the case. It would account for the AGA’s slow and mostly supine response to the Department of Justice‘s newly expansive reading of the Federal Wire Act. Already, Global Gaming Business is 
NMH stands for National Mentor Holdings and it sold the Circa trademark to an unnamed buyer (probably answering to the name Derek Stevens) in December. However, this does not mean that NMH is unconnected to Las Vegas. Its parent company, Vestar, owns The District at Green Valley Ranch. Also, Vestar owner Leon Tsoukernik has been sued by poker player Matt Kirk over 
require a referendum, most likely in November 2021. “New York is one of the most populous, wealthy and sports-mad states, and we think investors are more likely to seriously ascribe value for sports when they can see it around them,” writes McKnight, who projects $456 million in gross revenues by Year Three, with the addition of mobile wagering in 2022 bringing in another $380 million. “New York is clearly an important state, with: 20mm people, per capita income 1.2x the national average and 3.5% per capita income growth at 1.4x the national average.” The Empire State will also be the decisive battleground for integrity fees, since 
as reversing a reversal, raises several concerns for the gaming industry, especially for online gaming that occurs in the states of Nevada, New Jersey, and Delaware, with active startups underway in Pennsylvania.” Mobile gambling (legal in Nevada), DFS and even lotteries may be affected. In the inciting memo, Acting Assistant Attorney General Steven Engel wrote, “While the Wire Act is not a model of artful drafting, we conclude that the words of the statute are sufficiently clear and that all but one of its prohibitions sweep beyond sports gambling.” Engel’s memo, write GMA analysts, “only raises further questions on how responsible operators should act in the current environment.”-
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