{"id":12199,"date":"2013-12-06T11:53:33","date_gmt":"2013-12-06T19:53:33","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=12199"},"modified":"2013-12-06T11:53:33","modified_gmt":"2013-12-06T19:53:33","slug":"imbalances-of-power-vegas-to-israel","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/imbalances-of-power-vegas-to-israel\/","title":{"rendered":"Imbalances of power; Vegas to Israel?"},"content":{"rendered":"

It was another bonny month for Maryland<\/strong>, whose casino revenues grew 55% in November, up to $67 million. It’s not an apples\/apples comparison<\/a>, since neither Rocky Gap Casino<\/strong> nor table games were in play a year ago. Tables were responsible for $21 million of last month’s gross. Maryland Live!<\/strong> alone represented 80% of the total revenue, grossing $53 million. The other dramatic gain was at Hollywood Casino Perryville<\/strong>, up 22% for a $7 million tally.<\/p>\n

\"Rivers<\/a>It was a not-dissimilar scenario in Illinois<\/strong>, where Rivers Casino<\/strong> alone represents 27% of the state’s $121 million gross<\/a>. Players may be visiting less (-5%) and spending more (+2%) but they seem to be doing it mostly at Rivers, up 11% last month. Former powerhouse Grand Victoria Elgin<\/em> suffered a 10% drop and slid behind Harrah’s Joliet<\/em> ($16 million, -3%) to third place in the state. Penn National Gaming<\/strong> also had a not-so-good month, with an 11% decline aboard Empress Joliet<\/em> and a 13% dip at redundant Alton Belle<\/em>. Independent Casino Queen<\/em> was down but 2% which is tantamount to cause for celebration in the Land of Lincoln.<\/p>\n

Needless to say<\/strong>, November was yet another powerhouse month for Macao<\/strong>, where gross gambling revenues ascended 21%. To give you the potted version, Las Vegas Sands<\/strong> lagged both Stanley Ho<\/strong> and Galaxy Entertainment<\/strong> for VIP revenue share, 17% to 22% and 21%, respectively. However, the tables were turned (so to speak) in mass-market play, of which Sands had a 30% share, compared to 25% for Sociedade de Jogos de Macau<\/strong> and 15.5% for Galaxy. Melco Crown Entertainment<\/strong>, Wynn Resorts<\/strong> and MGM Resorts International<\/strong> had to content themselves with much smaller slices of the pie … but it’s one helluva big pie.<\/p>\n

\"Sandoval\"<\/a>Manna in the desert<\/strong>. During a recent trade mission to Israel<\/strong>, Gov. Brian Sandoval<\/strong> (R, right<\/em>) suggested bringing Las Vegas<\/strong>-style casino gambling to the Negev Desert<\/strong>. It sounds wacky at first but Nevada and Israel have many business ties<\/a>, and our casino industry knows how to flourish in the wasteland. Surprisingly, Sheldon Adelson<\/strong> is sitting this one out.<\/p>\n

Kudos to Parx Casino<\/strong>, which has contributed more to charity<\/a> than all its Pennsylvania<\/strong> brethren put together. And shame on the other casinos for failing to match Parx’s open-handedness.<\/p>\n","protected":false},"excerpt":{"rendered":"

It was another bonny month for Maryland, whose casino revenues grew 55% in November, up to $67 million. It’s not an apples\/apples comparison, since neither Rocky Gap Casino nor table games were in play a year ago. Tables were responsible … 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":[24,70,14,172,7,58,62,72,93,11,91,69,99,12,61,32],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12199"}],"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=12199"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12199\/revisions"}],"predecessor-version":[{"id":12201,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12199\/revisions\/12201"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=12199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=12199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=12199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}