{"id":12361,"date":"2014-01-02T12:27:23","date_gmt":"2014-01-02T20:27:23","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=12361"},"modified":"2014-01-02T12:50:36","modified_gmt":"2014-01-02T20:50:36","slug":"test-time-in-massachusetts-penn-pokerstars-fight-over-scraps","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/test-time-in-massachusetts-penn-pokerstars-fight-over-scraps\/","title":{"rendered":"Test time in Massachusetts; Penn, PokerStars fight over scraps"},"content":{"rendered":"

<\/object><\/p>\n

Move over, Tolstoy: MGM Resorts International<\/strong> has submitted its formal application for a Massachusetts<\/strong> casino … and it’s 7,000 pages long<\/a>. The Massachusetts Gaming Commission<\/strong> had better clear its calendar. But that’s nothing compared to 16,034-page Mohegan Tribal Gaming Authority<\/strong> pitch for Suffolk Downs<\/strong>. Hoping to impress with its characteristic flair, Wynn Resorts<\/strong> submitted “more than 18,000 pages in leather-covered, gold-embossed notebooks and flash drives. The shipment to the commission weighed more than 440 pounds<\/em>.” Gives a whole new meaning to ‘heavy reading,’ no<\/a>? For their part, applicants had to fill out 236-page questionnaires. Oh, and there’s a 90 oral exam. Whoever wins this thing will definitely have earned it.<\/p>\n

There’s no new license<\/a> — yet — for Penn National Gaming<\/strong>‘s Argosy Sioux City<\/em>. The boat is in an odd limbo. It will probably be superseded by a Hard Rock International<\/strong> property and has severed its ties with local nonprofit, Missouri River Historical Development<\/strong>, putting it out of compliance. A new nonprofit alliance, with the Greater Siouxland Improvement Association<\/strong> might yet be improved, but regulators are in no hurry to act<\/a>. In the meantime, 3% of nonprofit-dedicated casino proceeds continue to accrue.<\/p>\n

\"AC<\/a>Greeheads<\/strong>. Blame for closure of the Atlantic Club Hotel<\/strong> is being placed on Colony Capital<\/strong>. (Capital greedy? Heaven forfend!) So argues Rational Group<\/strong>, who Colony clipped for $11 million. Rational’s argument is moot, alas, the court system having split ownership between Tropicana Entertainment<\/strong> and Caesars Entertainment<\/strong>, both of whom intend to close the ACH. Besides, Rational’s license application is on a two-year suspension, so it can’t do much besides recriminate. However, it’s hard to argue its point that Colony was guilty of “vulture-like management practices.” You don’t lose your Hilton flag by being a good operator.<\/p>\n

Meanwhile, Sobe Holdings<\/strong> is protesting the bankruptcy sale of the Atlantic Club. It would have, it contends, have continued running the ACH as a casino hotel. It also argues that, since its offer was the highest one on the table, the court should have taken that into account.<\/p>\n

Another lawsuit, accusing MGM Resorts International<\/strong> board members — including Bobby Baldwin<\/strong> and James Murren<\/strong> — of insider trading and self-dealing at the height of CityCenter<\/strong>‘s troubles, got smacked down again<\/a>. The devil was in the details. Dissident shareholders didn’t first take their case to the MGM board itself. The litigants contended that would have been a futile errand, but the Nevada Supreme Court<\/strong> quashed the suit just the same.<\/p>\n","protected":false},"excerpt":{"rendered":"

Move over, Tolstoy: MGM Resorts International has submitted its formal application for a Massachusetts casino … and it’s 7,000 pages long. The Massachusetts Gaming Commission had better clear its calendar. But that’s nothing compared to 16,034-page Mohegan Tribal Gaming Authority … 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":[23,56,3,165,7,112,11,167,69,25,32,21],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12361"}],"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=12361"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12361\/revisions"}],"predecessor-version":[{"id":12367,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12361\/revisions\/12367"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=12361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=12361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=12361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}