{"id":16526,"date":"2015-08-03T09:42:17","date_gmt":"2015-08-03T17:42:17","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=16526"},"modified":"2015-08-03T09:42:17","modified_gmt":"2015-08-03T17:42:17","slug":"mccain-nigc-butt-heads-paper-tiger","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/mccain-nigc-butt-heads-paper-tiger\/","title":{"rendered":"McCain, NIGC butt heads; Paper Tiger"},"content":{"rendered":"

U.S. senators put the squeeze on the National Indian Gaming Commission<\/strong> and allies like the National Indian Gaming Association<\/strong> at a recent hearing. Sen. John Barrasso<\/strong> (R) put the \"mccain\"<\/a>gripes in a nutshell when he said,\u00a0\u201cThe commission is not effectively promoting voluntary compliance with federal guidelines related to gaming regulatory standards.\u201d NIGA Chairman Ernie Stevens<\/strong>‘ defended the tribes’ plethora of self-regulatory regimes<\/a> by saying,\u00a0\u201cI challenge anyone to find a better regulatory system worldwide.\u201d (I can think of a few.)<\/p>\n

That wasn’t good enough for Sen. John McCain<\/strong> (R), who noted that the General Accounting Office<\/strong> found 25% of tribal casinos to be at elevated risk of audit. When NIGC Chairman\u00a0Jonodev Chaudhuri<\/strong> tried to dance around the issue, McCain unleashed some of his trademark asperity, zinging,\u00a0\u201cObviously you\u2019re not going to answer the question.\u201d<\/p>\n

* Good news for casinos: home affordability is at its greatest in some of the jurisdictions where the industry is expanding<\/a>, implying greater discretionary income. Now, the bad news, the Rust Belt continues to be ravaged by negative home equity, suggesting continued stasis in those markets.<\/p>\n

* Macao<\/strong> took another dive last month, down 34.5%, a number that Deutsche Bank<\/strong> analyst Carlo Santarelli<\/strong> pronounced “no better or worse than expected.” Macanese casinos grossed $2.3 billion, with Las Vegas Sands<\/strong> regaining the top spot (24%) in table-game market share.<\/p>\n

* In a move sure to piss off the Filipino government, Kazuo Okada<\/strong> has pushed the completion of Tiger Resort<\/strong> out from an already-missed March 2015 to the end of 2016. Okada’s inability to make deadlines has been a source of vexation to Philippines<\/strong> gaming regulators. \"Solaire\"<\/a>Perhaps they’ll be mollified by his infusion of an additional $2 billion<\/a> into the project. According to Global Gaming Business<\/em>, the initial phase of Tiger Resort “will include two hotels, 1,000 rooms, 500 gaming tables, a nightclub and a man-made beach underneath a glass dome.” Already, Bloomberry Resorts<\/strong>‘ Solaire<\/strong> (pictured<\/em>) and Melco Crown Entertainment<\/strong>‘s City of Dreams of Manila<\/strong> have long since beaten Okada to the post. If he drags out Tiger Resort long enough, he can compete with Genting<\/strong>‘s 2019 Bayshore City Resorts World<\/strong> for tail-end status.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. senators put the squeeze on the National Indian Gaming Commission and allies like the National Indian Gaming Association at a recent hearing. Sen. John Barrasso (R) put the gripes in a nutshell when he said,\u00a0\u201cThe commission is not effectively … 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":[14,120,188,62,93,192,33,25,12,20],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16526"}],"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=16526"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16526\/revisions"}],"predecessor-version":[{"id":16528,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16526\/revisions\/16528"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=16526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=16526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=16526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}