Quote of the Day

“We understand transactions and licensing agreements. We understand how the [Caesars Entertainment–Gansevoort Hotel Group] relationship worked. Regulators need to be both reasonable and intelligent.” — Nevada Gaming Control Board Chairman A.G. Burnett, criticizing the Massachusetts Gaming Commission for “gotcha gaming regulation.” It says much of Caesars’ clout that it can get the head of Nevada’s primary investigative body to act as a Caesars surrogate, criticizing another state’s regulatory system.