At least one woman was treated with respect yesterday on Capitol Hill and that was the American Gaming Association‘s Sara Slane. We reviewed her prepared testimony yesterday. “Because of the active, robust state and regulatory tribal gaming oversight, gaming is one of the most strictly regulated industries in America. Right now, over 4,000
gaming regulators with budgets that exceed $1.3 billion dollars oversee the gaming industry,” testified Slane. “Just as Congress has refrained from regulating lotteries, slot machines, table games and other gambling products, it should leave sports betting oversight to the states and tribes that are closest to the market,” she told the House committee. She got backup from Nevada Gaming Control Board Chairwoman Becky Harris, who said,“States do a great job in every area including sports betting and we’ve just begun to see the roll out in other states. Nevada has a comprehensive regulatory structure that has been refined over decades, and we have a lot of integrity in our process.” Nor is the AGA an outlier on the idea that the federal government ought to butt out of Continue reading
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non-move smacks of the same boneheaded mentality that makes it the most piddling casino in Pennsylvania. Mind you, it’s not alone in its online myopia: Pinnacle Entertainment is passing it up at The Meadows racino. These choices, and a few others, have made seven licenses (one each for slots, table games and poker) available to out-of-state operators. Even a non-American operator like The Stars Group would be eligible, hypothetically.
customer, he wrote, remains intact, pointing to only a minor (1%) decline in slot revenue on flat handle. “However, we estimate that gaming only accounts for 25-30% of total Las Vegas Strip casino revenues – which clearly varies by business model and operator,” wrote McKnight, trying to prettify the picture. Mind you, last month was competing with an exceptionally strong August 2017, when gambling revenues were up 21%, propelled by
communications, and your stories. It comes across in your tone, manner, images, and interactions. A properly formed brand style guide makes the brand understandable to all and influences actions, so the brand can come to life at all touchpoints.” — marketing consultant Julia Carcamo
that front. Where Derek Stevens is concerned it’s quite a different story. At 5 p.m. today, Culinary members will take to the downtown streets (just in time for live video on the local TV newscasts), marching from Fremont to The D, where they will rally until 7 p.m. This is not the first time the Culinary has taken to the streets against Stevens, who seems to be the most deeply entrenched of the casino owners. The Union’s demands are as follows: “new contract language to provide greater measure of security for members including workplace safety, sexual harassment, subcontracting, automation/technology, and immigration. In addition,
positive news including gambling-revenue gains of 12% in July and 23% (!) in August. Casino employment passed the 300,000 mark for the first time in almost four years. Greater Atlantic City Chamber President Joseph Kelly said, “The casino industry is and always has been an economic engine for the city, state and region. This economic growth will continue as the casino industry strengthens its commitment to the community through new job training initiatives and employment opportunities.”
you liking those 0-3 Raiders now?) Anthony Prince saw the glitch-born 750-1 line and put down a $110 wager that will now bring him winnings of $82,000. Other computer misfires caused betting disputes for FanDuel patrons. The company took the high road — after a little chit-chat with New Jersey gambling regulators — saying, “Above all else, sports betting is supposed to be fun. As a result of a pricing error this weekend, it wasn’t for some of our customers.” One hopes that FanDuel is now vetting its software … and considering the virtues having odds set by human beings.
open while struggling MGM Cotai has three nights of vacancies (and this without its full complement of rooms). Having saturated the market with hotel rooms, Sands China has seven nights’ worth of vacancies at Venetian Macao, Cotai Central and new show horse Parisian. In related news, companies promoting sustainability (like MGM Resorts International) will have a harder time of it now that China has decided to stop accepting recyclables from the U.S., another casualty of the current trade war.
(+13%). The loudest “Boom!” came from the Lake Charles market, exploding 18.5% higher. The Golden Nugget, surging 30%, caught and passed L’Auberge du Lac (up 11%). The Nugget grossed $29 million, L’Auberge $27 million. Delta Downs leapt 27.5% to $15 million but Isle Grand Palais lost business, down 2% to $8.5 million. You think Caesars isn’t chagrined that Gary Loveman evacuated the Lake Charles market in order bankroll a failsino in Biloxi?
won’t tout its Total Rewards as superior to controversy-enshrouded B Connected. (Boyd really kicked over a hornet’s nest when it redid that loyalty program mid-year.) Boyd plans to enlarge the 600-slot, 50-table casino floor,
affiliate that the casino would be closed indefinitely after being flooded. Fortunately, he said, all hotel guests were accommodated elsewhere. Five tournaments, including the Arizona State Poker Championship, which some players had paid $2,200 to enter, fell victim to the closure, which was expected to last at least until August 19.
and 25,000 on weekdays. For the moment MGM Resorts International is being cagey about the gross and September’s revenue report won’t give us a full picture, the casino having opened partway through the month. As casino prexy Mike Mathis said, “Nothing meaningful, in our view, can be taken from such a short window.” The news, however, must deal a blow to Mohegan Sun and Foxwoods Resort Casino, who are stuck in the mud in East Windsor with no sign of their slot barn, er, satellite casino being anything more than a pipe dream anytime soon.
community during times like this, so we want to do our part by providing somewhere safe, warm and dry to those impacted by Hurricane Florence,” said owner Bruce Deifik. If you’ve got a driver’s license and proof that you’re in an area impacted by Florence that’s your ticket to a free stay at Ocean Resort. Deifik is to be commended for his philanthropy — and for giving many people
company that made $2 billion in profit last year is offering a few thousand in recompense. As one commentator
million. (Some predict it could surpass Las Vegas by 2023.) This month will provide the true test of Boardwalk sports betting as the NFL season kicks into high gear and MLB playoffs loom. Caesars Entertainment lost market share, down to 29%, and is spending less on promotion. This raises the chicken-and-egg question of whether Caesars is getting less business because it cut back on marketing or vice versa. CEO Mark Frissora has no great love for Atlantic City and his cut-and-run strategy would seem to reflect this.