{"id":12798,"date":"2014-02-20T11:27:23","date_gmt":"2014-02-20T19:27:23","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=12798"},"modified":"2020-11-10T14:40:22","modified_gmt":"2020-11-10T22:40:22","slug":"macao-whos-the-boss-iowa-racing-gone-to-the-dogs","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/macao-whos-the-boss-iowa-racing-gone-to-the-dogs\/","title":{"rendered":"Macao: Who’s the boss?; Iowa racing, gone to the dogs"},"content":{"rendered":"

\"wynn_macao\"<\/a>Jim Murren<\/strong>, Steve Wynn<\/strong> and Sheldon Adelson<\/strong> may find themselves held hostage to the temper of Sino-American relationships, if chatter from Chinese sources holds true. It’s being put about that casino concessions could be shortened to five years. Stocks of U.S. casino companies with Macao<\/strong> operations suffered from the report in the Hong Kong Economic Journal<\/em>. “License holders may also be required to invest more in the non-gaming business to help diversify Macau’s economy during the interim review,” the report ran. When reached for comment,\u00a0Secretary for Economy & Finance Francis Tam<\/strong> was mum, other than saying that caps on table-game growth would remain in place at 3% per year.<\/p>\n

I don’t put much stock (pun unintended) in this report. The glacial pace of project approval in Macao means that it takes the better part of five years to develop a casino there. City Hall also had the habit of putting out rumors of this ilk. Macanese authorities like to give Adelson, etc., a yank on the chain periodically, a reminder who’s boss. I’d say read no more into it than that. (MGM Resorts International<\/strong> denied the veracity of the report in yesterday’s analyst call.)<\/p>\n

Iowa<\/strong> is taking a step against parimutuels and toward animal rights. House and Senate committees have voted to release a pair of dog tracks from the compulsory annual subsidies<\/a> they must pay to keep the sport running. One of these ovals belongs to Caesars Entertainment<\/strong>. Both its Horseshoe Council Bluffs<\/strong> and independent Mystique Casino<\/strong> would have to pony up $70 million over the next six years, to give the greyhound industry a soft landing. (Why?) \u201cWe\u2019re on a downward path at our casino, and that\u2019s not going to change,” said one track executive.<\/p>\n

Spooked by the Las Vegas Sands<\/strong> mega-hack, columnist Ken Adams<\/strong> is mega-spooked<\/a>. His prescription amounts to curling up in the fetal position until the trouble passes — or better yet, advancing into the 19th century. “The casino industry might be ready for the internet, but the internet is not yet ready for the industry,” he concludes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jim Murren, Steve Wynn and Sheldon Adelson may find themselves held hostage to the temper of Sino-American relationships, if chatter from Chinese sources holds true. It’s being put about that casino concessions could be shortened to five years. Stocks of … 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":[98,7,37,86,62,11,111,25,12,32],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12798"}],"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=12798"}],"version-history":[{"count":4,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12798\/revisions"}],"predecessor-version":[{"id":28765,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12798\/revisions\/28765"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=12798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=12798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=12798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}