{"id":13122,"date":"2014-03-27T10:49:32","date_gmt":"2014-03-27T18:49:32","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=13122"},"modified":"2014-03-27T10:51:16","modified_gmt":"2014-03-27T18:51:16","slug":"walsh-my-way-or-else-sands-crimea","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/walsh-my-way-or-else-sands-crimea\/","title":{"rendered":"Walsh: My way or else; Sands Crimea?"},"content":{"rendered":"

\"Walsh\"<\/a>Making yet another overreach, Boston<\/strong> Mayor Martin J. Walsh<\/strong> asserts that the only party which can decide whether Beantown is host community to Wynn Resorts<\/strong>‘ and Mohegan Sun<\/strong>‘s projects is … Boston. The Massachusetts Gaming Commission<\/strong>, he says, has no standing in the matter<\/a>. He may even be able to find a loophole in the enabling legislation that validates his position. Settlement of such discords\u00a0\u201cwas left completely unresolved in the [enabling] legislation,\u201d says University of Massachusetts-Dartmouth<\/strong> casino boffin Clyde Barrow<\/strong>.<\/p>\n

So put those casino plans on hold, because it looks like the Walsh\/MGC dispute is headed to court. If he prevails, Walsh could drive off Wynn and Mohegan Sun by asking exorbitant amounts of money. As the Boston Globe<\/em> reports, “Walsh could demand millions of dollars in compensation from each developer just to permit the projects to come to a vote.” And if things go that route, the casinos are likely to be voted down in Charles Town<\/strong> and East Boston<\/strong>.\u00a0Steve Wynn<\/strong> and Suffolk Downs<\/strong>‘ Chip Tuttle<\/strong> have got to be wondering what they’ve gotten themselves into, with Walsh raging about unchecked. The late-June timeline for having their projects approved is now in jeopardy with no speedy end in sight.<\/p>\n

\"Revel.jpg\"<\/a>Would you believe<\/strong> there are 20 to 30 potential buyers<\/a> for Revel Resort<\/strong> out there? I suppose that will happen when your resale value tumbles to about $200 million. Revel President Scott Kreeger<\/strong> says none of the myriad applicants would close it down, in an obvious reference to Caesars Entertainment<\/strong>, known to be in the hunt.<\/p>\n

Alabama<\/strong>‘s Poarch Creek Indians<\/strong> have to periodically stave off Manifest Destiny-minded stated officials who want to shut gambling down. However, they still managed 12% revenue growth in 2012 and increased their installed slot based 13.5%, to 4,769. Good on them. By contrast, New York State<\/strong> may have missed the boat on casino expansion<\/a>, judging by some soft numbers.<\/p>\n

So that’s why they wanted Crimea<\/strong>. Now that Russia<\/strong> has conquered Crimea<\/strong>, it has to pay for it. One upshot of this is the proposal to turn it into a casino zone<\/a>. As a gaming destination, it beats the heck out of some of the remote provinces to which gambling had previously been banished. What’s the over\/under on when Sheldon Adelson<\/strong> cozies up to Vladimir Putin<\/strong> and proposes Venetian Sevastopol?<\/p>\n","protected":false},"excerpt":{"rendered":"

Making yet another overreach, Boston Mayor Martin J. Walsh asserts that the only party which can decide whether Beantown is host community to Wynn Resorts‘ and Mohegan Sun‘s projects is … Boston. The Massachusetts Gaming Commission, he says, has no … 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":[135,7,112,167,101,25,157,32,20],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/13122"}],"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=13122"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/13122\/revisions"}],"predecessor-version":[{"id":13125,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/13122\/revisions\/13125"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=13122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=13122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=13122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}