{"id":16552,"date":"2015-08-10T12:00:13","date_gmt":"2015-08-10T20:00:13","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=16552"},"modified":"2021-12-14T08:53:35","modified_gmt":"2021-12-14T16:53:35","slug":"bluhm-presses-case-in-massachusetts-lawrence-ho-tells-it-like-it-is","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/bluhm-presses-case-in-massachusetts-lawrence-ho-tells-it-like-it-is\/","title":{"rendered":"Bluhm presses case in Massachusetts; Lawrence Ho tells it like it is"},"content":{"rendered":"<p>Despite having to wait at least until early next year to start building, a potential <strong>Brockton<\/strong> casino could be &#8220;up and running by 2018,&#8221; sometime in the second quarter, according to <strong>Neil Bluhm<\/strong>. &#8220;We are shovel-ready to go.&#8221; Unfortunately for Bluhm, the sluggish <strong>Massachusetts Gaming Commission<\/strong> is far from gavel-ready to approve the project. Chairman <strong>Stephen Crosby<\/strong> voiced mild skepticism about Bluhm&#8217;s financing and the economic viability of the project.<\/p>\n<p>He also <a href=\"http:\/\/www.bostonherald.com\/business\/business_markets\/2015\/08\/brockton_casino_backers_seek_ok_by_end_of_year\" target=\"_blank\" rel=\"noopener noreferrer\">continued to flash some ankle<\/a>, in hopes of getting a\u00a0fantasy competitor into the running.\u00a0\u201cWe want to know what we can get from <!--more-->the commercial markets before we make the final decision on whether <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/08\/Baker.jpg\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-16553\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/08\/Baker.jpg\" alt=\"Baker\" width=\"183\" height=\"275\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/08\/Baker.jpg 183w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/08\/Baker-100x150.jpg 100w\" sizes=\"(max-width: 183px) 100vw, 183px\" \/><\/a>to proceed or not,&#8221; he rationalized. In other (unsurprising) business, the MGC assented to <strong>MGM Resorts International<\/strong>&#8216;s request to postpone <strong>MGM Springfield<\/strong> until September 2018. This will cost the state $125 million in taxes on which it was banking but opening the casino while work continues on the adjacent I-91 viaduct would, it is generally agreed, be catastrophic. The Gov. <strong>Charlie Baker<\/strong> (R, <em>left<\/em>) administration is optimistic that the viaduct\u00a0can be finished but MGM Springfield President <strong>Michael Mathis<\/strong> <a href=\"http:\/\/www.masslive.com\/news\/boston\/index.ssf\/2015\/08\/massachusetts_gaming_commissio_9.html\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"broken_link\">pointed to the unlikelihood of public works projects<\/a> to finish on schedule. (Casinos, too.)<\/p>\n<p>* Former dentist <strong>Vincent Michael Malfitano<\/strong> underwent some regulatory root canal at the hands of the <strong>Nevada Gaming Control Board<\/strong> and <a href=\"http:\/\/lasvegassun.com\/news\/2015\/aug\/06\/board-denies-virginia-city-casino-owner-a-gambling\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"broken_link\">came away without the license<\/a> he sought for two small <strong>Virginia City<\/strong> casinos. Malfitano evidently didn&#8217;t think it pertinent to disclose tax liens or having obstructed a police officer. Would that the NGCB had shown the same discipline to <strong>Sam Nazarian<\/strong> as it did to this miscreant.<\/p>\n<p>* Defying the ordained wisdom of the moment, <strong>Melco Crown Entertainment<\/strong> CEO <strong>Lawrence<\/strong> <strong>Ho<\/strong> says non-gaming attractions will <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2013\/12\/Lawrence-Ho-2.jpg\"><img loading=\"lazy\" class=\"alignright size-medium wp-image-12174\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2013\/12\/Lawrence-Ho-2-300x225.jpg\" alt=\"Lawrence Ho 2\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2013\/12\/Lawrence-Ho-2-300x225.jpg 300w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2013\/12\/Lawrence-Ho-2-150x112.jpg 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2013\/12\/Lawrence-Ho-2.jpg 400w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><a href=\"http:\/\/macaudailytimes.com.mo\/exclusive-interview-lawrence-ho-the-cold-hard-truth-is-non-gaming-will-never-make-any-money.html\" target=\"_blank\" rel=\"noopener noreferrer\">always be a loss-leader<\/a> in <strong>Macao<\/strong>. Or, as he puts it, &#8220;The cold hard truth is, non-gaming doesn\u2019t make any money and it will never make any money.\u00a0 For all the foolish people out there that think non-gaming is going to save the day, it\u2019s not &#8230;\u00a0Unless Macao wants to pick itself up and move to <strong>Las Vegas<\/strong>, it\u2019s never going to change.&#8221;<\/p>\n<p>* No matter what comes out of <strong>Donald Trump<\/strong>&#8216;s mouth, it <a href=\"http:\/\/fortune.com\/2015\/08\/05\/donald-trump-presidential-hotels\/\" target=\"_blank\" rel=\"noopener noreferrer\">seems to be good for business<\/a> at his non-gaming properties &#8230; at least if <strong>Donald Trump Jr.<\/strong> is to be believed.<\/p>\n<p>* <strong>Illinois<\/strong> may soon have a new casino player at the table, if the <strong>Prairie Band Potowatomi Nation<\/strong> can get land taken into trust near <strong>Shabbona<\/strong>, <a href=\"http:\/\/www.thonline.com\/news\/iowa-illinois-wisconsin\/article_af7090a0-3b82-11e5-b500-6b4a694903cf.html\" target=\"_blank\" rel=\"noopener noreferrer\">making for the state&#8217;s first tribal casino<\/a>.<strong>\u00a0<\/strong>\u00a0<strong>DeKalb County<\/strong> has been supportive so far.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite having to wait at least until early next year to start building, a potential Brockton casino could be &#8220;up and running by 2018,&#8221; sometime in the second quarter, according to Neil Bluhm. &#8220;We are shovel-ready to go.&#8221; Unfortunately for &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/bluhm-presses-case-in-massachusetts-lawrence-ho-tells-it-like-it-is\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,58,94,62,112,93,11,91,25,162,20],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16552"}],"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=16552"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16552\/revisions"}],"predecessor-version":[{"id":30470,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16552\/revisions\/30470"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=16552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=16552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=16552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}