{"id":17851,"date":"2016-03-04T12:05:27","date_gmt":"2016-03-04T20:05:27","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=17851"},"modified":"2016-03-04T12:05:27","modified_gmt":"2016-03-04T20:05:27","slug":"trump-the-art-of-failure-tribal-gaming-flexes-its-muscle","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/trump-the-art-of-failure-tribal-gaming-flexes-its-muscle\/","title":{"rendered":"Trump: The art of failure; Tribal gaming flexes its muscle"},"content":{"rendered":"

During a period (1995-2005) in which the Dow Jones Average Casino Index<\/strong> posted a 160% return on investment, Trump Hotels & Casinos<\/strong> ate dirt to the tune of a negative 89% ROI. \"DonaldBy contrast, Boyd Gaming<\/strong> — unloved on Wall Street<\/strong> — returned 280% and Penn National Gaming<\/strong>\u00a0rewarded investors’ faith with an astronomical 3,240%. In the course of posting $600 million in net losses, Trump did not have one<\/em> revenue-positive year. “This is the sort of record usually associated with an Enron<\/strong> or a WorldCom<\/strong> or a Pets.com<\/strong>,” zings MarketWatch<\/em>. Trump furthermore screwed his investors by paying himself $1.5 million in salary, compounded by seven-figure bonuses<\/a>. According to MarketWatch<\/em>, The Donald “pocketed $32 million over nine years, while his public stockholders lost more than $100 million.” That’s not exactly a ringing vote of confidence. Forget anything else Trump says on the campaign trail: When he boasts about his business acumen he’s a bald-faced liar. And he owes his (more successful) peers in the casino industry an apology.<\/p>\n

* Last year, Native American casinos grew gambling revenue at a faster pace than private-sector ones and are seriously threatening to exceed them<\/a> for market share. All the more \"Mashpeereason for the Mashpee Wampanoag<\/strong> tribe to want to get in on the game with its Project First Light<\/strong>. In a sequel to its tumultous visit to Brockton<\/strong>, the Massachusetts Gaming Commission<\/strong> has set a March 15 meeting with the tribe. (It is reserving its prerogative not to award a Region C license however<\/a>.) Although a Mashpee casino in Taunton<\/strong> would fall under federal oversight, Bay State law requires it to have “a working relationship” with the MGC.\u00a0\u201cIf we make the determination that there is a quality applicant, then we\u2019ll decide on whether to make the award or not, taking into consideration all the variables, including tribal status,\u201d said MGC Chairman Stephen Crosby<\/strong>. As for rival applicant Rush Street Gaming<\/strong>, it’s been chafing at the pace of the approval process but will have to wait until late April for a decision.<\/p>\n

In other MGC action, the commission established a whistleblower line<\/a> for reporting untoward casino activity. If something looks less than kosher, patrons and employees are encouraged to call 1-844-343-TIPS. Signage promoting the hotline has already been posted at Penn National’s Plainridge Park<\/strong> racino.<\/p>\n

* Here’s a real head-scratcher: Somebody at Lago Resort & Casino<\/strong> thought that name \"Lago\"didn’t have enough oomph, so it’s been changed to del Lago Resort @ Casino<\/strong>. WTF? Since the property won’t open until 2017<\/a>, it’s not as though COO Jonathan Swain<\/strong> lacked time to come up with something better.\u00a0“The newly evolved name reinforces that the resort and casino embodies the essence of the Finger Lakes Region<\/strong> and is a community steward for the entire area encompassing Seneca County<\/strong> and the great Finger Lakes,” was his rationale.<\/p>\n

* Don’t have Total Rewards<\/strong> anymore? Dan Gilbert<\/strong>‘s Jack Entertainment<\/strong> has a two-word answer<\/a>: Scientific Games. The latter’s Bally<\/strong> customer-rewards software will take the place of Total Rewards as Gilbert seeks a new way of attracting players.<\/p>\n","protected":false},"excerpt":{"rendered":"

During a period (1995-2005) in which the Dow Jones Average Casino Index posted a 160% return on investment, Trump Hotels & Casinos ate dirt to the tune of a negative 89% ROI. By contrast, Boyd Gaming — unloved on Wall … 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":[60,154,42,14,53,112,91,101,71,25,160,20,169,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/17851"}],"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=17851"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/17851\/revisions"}],"predecessor-version":[{"id":17852,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/17851\/revisions\/17852"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=17851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=17851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=17851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}