{"id":11060,"date":"2013-07-03T12:47:59","date_gmt":"2013-07-03T20:47:59","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=11060"},"modified":"2022-05-18T05:01:48","modified_gmt":"2022-05-18T13:01:48","slug":"deal-or-no-deal-two-face-trump-good-news-for-adelson","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/deal-or-no-deal-two-face-trump-good-news-for-adelson\/","title":{"rendered":"Deal or no deal?; Two-face Trump; Good news for Adelson"},"content":{"rendered":"

This just in<\/strong>: Poker Stars has announced an agreement to offer Internet gambling in New Jersey via Mohegan Sun<\/strong>-run\u00a0Resorts Atlantic City<\/strong>. This enables Rational Group to get a U.S. foothold without the inconvenience of buying a physical casino<\/em>.<\/p>\n

\"\"Colony Capital<\/strong> is free to keep trying to sell the Atlantic Club<\/strong>, says a New Jersey<\/strong> court of appeals. This puts would-be buyer PokerStars<\/strong> in an interesting pickle: What if it wins its argument at the state Supreme Court level — but Tom Barrack<\/strong> has already gone and sold the casino to someone else? PokerStars owner Rational Group<\/strong>‘s fixation on trying to buy an asset from someone who doesn’t want to sell it — and already bargained quite cynically — looks most irrational. Further complicating the situation, Atlantic Club COO Michael Frawley<\/strong> is making noises to the effect that Colony might want to hang onto the casino<\/a> and get into Internet gambling itself … which would neatly explain Colony’s double-cross of PokerStars. You can just about see the dollar signs glistening on Colony CEO Barrack’s pearly whites.<\/p>\n

\"\"Making life harder<\/strong> for the executives who run Trump Entertainment Resorts<\/strong>, minority owner and spokesbuffoon Donald Trump<\/strong> is talking about cutting his own online-gambling deal. He hasn’t got enough ownership stake to force it upon Trump Plaza<\/strong>. (TER’s arrangement with Ultimate Gaming<\/strong> is exclusive to Trump Taj Maha<\/strong>l.) Also, Trump’s stake in the company is predicated upon his continuing role as its glowering, loudmouthed PR surrogate. So if Trump the person goes into i-gaming competition with Trump the casino company, it would be awkward at best and very ugly at worst.<\/p>\n

Take heart, Atlantic City<\/strong>. Tourist-satisfaction ratings of Macao have actually slipped in the last year. So you’re not the only gambling destination with an image problem. Sheldon Adelson<\/strong> will be glad to know that meetings and exhibitions had the highest approval rating (74%) and the shopping satisfaction was on the rise. Dining, tourism and border access were deemed least satisfactory.<\/p>\n

\"\"Adelson really 0ught<\/strong> to rethink his decision to shed Sands Bethlehem<\/strong>, red-headed stepchild of the Las Vegas Sands<\/strong> portfolio. While slot revenues in Pennsylvania<\/strong> were down last fiscal year (after a good, long run of growth) Sands and Sands alone bucked the trend<\/a>, up 2%. The month’s numbers provide additional fuel for the argument that the U.S. has reached a casino-saturation point and we’re just moving the same discretionary dollars around from market to market.<\/p>\n","protected":false},"excerpt":{"rendered":"

This just in: Poker Stars has announced an agreement to offer Internet gambling in New Jersey via Mohegan Sun-run\u00a0Resorts Atlantic City. This enables Rational Group to get a U.S. foothold without the inconvenience of buying a physical casino. Colony Capital … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,3,28,42,14,37,62,95,12,19,20],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11060"}],"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=11060"}],"version-history":[{"count":6,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11060\/revisions"}],"predecessor-version":[{"id":31167,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/11060\/revisions\/31167"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=11060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=11060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=11060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}