{"id":102,"date":"2009-08-06T20:26:00","date_gmt":"2009-08-07T00:26:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/blogs\/dmckee\/index.cfm\/2009\/8\/6\/Adelson-bombing-in-Pennsylvania"},"modified":"2021-11-16T06:10:36","modified_gmt":"2021-11-16T14:10:36","slug":"adelson-bombing-in-pennsylvania-robopoker-returns-dissent-over-wynn","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/adelson-bombing-in-pennsylvania-robopoker-returns-dissent-over-wynn\/","title":{"rendered":"Adelson bombing in Pennsylvania; RoboPoker returns; Dissent over Wynn"},"content":{"rendered":"<p>Both the opening of <strong>Sands Bethlehem<\/strong>, and recent expansions of <strong>Meadows Racetrack &amp; Casino<\/strong> (+29%) and <strong>Mohegan Sun<\/strong> <strong>at<\/strong> <strong>Pocono Downs<\/strong> (+21%) drove an 18.5% increase in slot revenue this July. With $19.6 million in gross revenue, Sands was <a href=\"http:\/\/news.prnewswire.com\/ViewContent.aspx?ACCT=109&amp;STORY=\/www\/story\/08-04-2009\/0005071454&amp;EDATE\" class=\"broken_link\">only good for fifth place<\/a>, barely behind Mohegan Sun ($19.8 million).<\/p>\n<p>Adelson&apos;s new slot parlor was well off the pace set by <strong>Philadelphia Park Casino &amp; Racetrack<\/strong> ($30.8 million) and The Meadows ($29.9 million). <strong>Harrah&apos;s Chester<\/strong> didn&apos;t perform too shabbily, either, pulling in $27.3 million from the one-armed bandits. Both it and Philadelphia Park were less than 2% down from their July &apos;08 revenues, putting paid to the theory that Sands Bethlehem would draw &#8212; at least in any significant degree &#8212; from the Philadelphia area. Only nearby <strong>Mt. Airy Resort &amp; Casino<\/strong> is <a href=\"http:\/\/www.lehighvalleylive.com\/bethlehem\/index.ssf\/2009\/08\/sands_casino_resort_bethlehem_13.html\" class=\"broken_link\">taking a serious hit<\/a>.<\/p>\n<p><strong>Downtown Reno&apos;s nicest casino<\/strong>, the spacious <strong>Silver Legacy<\/strong>, is taking a big step downmarket by <a href=\"http:\/\/www.bizjournals.com\/charlotte\/stories\/2009\/08\/03\/daily8.html\" class=\"broken_link\">succumbing to the cheesy allure of RoboPoker<\/a>. Even that bit of good news for <strong>PokerTek<\/strong> wasn&apos;t enough to keep <strong>Aristocrat Leisure<\/strong> from <a href=\"http:\/\/www.yogonet.com\/english\/2009\/08\/04\/aristocrat-leisure-expects-to-report-us-80-million-writedown-for-the-first-half\" class=\"broken_link\">writing down its share<\/a> of the company.<\/p>\n<p><embed width=\"510\" height=\"550\" pluginspage=\"https:\/\/www.macromedia.com\/shockwave\/download\/index.cgi?P1_Prod_Version=ShockwaveFlash\" swliveconnect=\"true\" type=\"application\/x-shockwave-flash\" seamlesstabbing=\"false\" name=\"flashObj\" base=\"https:\/\/admin.brightcove.com\" flashvars=\"videoId=31645883001&amp;continuousPlay=false&amp;playerId=1079049304&amp;viewerSecureGatewayURL=https:\/\/console.brightcove.com\/services\/amfgateway&amp;servicesURL=https:\/\/services.brightcove.com\/services&amp;cdnURL=https:\/\/admin.brightcove.com&amp;domain=embed&amp;autoStart=false&amp;\" bgcolor=\"#FFFFFF\" src=\"https:\/\/c.brightcove.com\/services\/viewer\/federated_f8\/1079049304\"><\/embed><\/p>\n<p><strong>Steve Wynn is The Man<\/strong>, at least in <strong>Macao<\/strong>, according to the controversial <strong>Jim Cramer<\/strong>. I agree.<\/p>\n<p><strong>Why then<\/strong>, is <strong>Wynn Resorts<\/strong> COO <strong>Marc Schorr<\/strong> <a href=\"http:\/\/online.wsj.com\/article\/SB124943637091406207.html\">cashing out<\/a> at a time when the stock is arguably undervalued? Maybe he&apos;s just one more American <a href=\"http:\/\/online.wsj.com\/article\/SB124943637091406207.html?mod=dist_smartbrief\">who got overextended<\/a> in the go-go Bush Era.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Both the opening of Sands Bethlehem, and recent expansions of Meadows Racetrack &amp; Casino (+29%) and Mohegan Sun at Pocono Downs (+21%) drove an 18.5% increase in slot revenue this July. With $19.6 million in gross revenue, Sands was only &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/adelson-bombing-in-pennsylvania-robopoker-returns-dissent-over-wynn\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[103,73,7,62,95,79,12,32,8,20,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/102"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=102"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/102\/revisions"}],"predecessor-version":[{"id":30346,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/102\/revisions\/30346"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}