{"id":20239,"date":"2017-09-26T08:00:56","date_gmt":"2017-09-26T16:00:56","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=20239"},"modified":"2017-09-27T05:55:58","modified_gmt":"2017-09-27T13:55:58","slug":"trump-to-bigfoot-connecticut-controversy","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/trump-to-bigfoot-connecticut-controversy\/","title":{"rendered":"Trump to bigfoot Connecticut controversy?"},"content":{"rendered":"

Could we see heavy-footed federal intervention in the MGM Resorts International<\/strong> vs. Connecticut<\/strong> tribes slugfest?\u00a0Bridgeport<\/strong> Mayor Joe Ganim<\/strong>\u00a0(D) hopes so. A supporter of Donald Trump<\/strong>‘s \"\"presidential campaign, he’s hoping the White House<\/strong> will stomp into the Nutmeg State fray<\/a>, interceding on the side of MGM and the City of Bridgeport. Ironically, Trump himself tried to build a casino in Bridgeport in the payback, but lost out to what would become Foxwoods Resort Casino<\/strong>. During that dustup, Trump demonstrated his propensity for ethnic slurs, saying of the Mashantucket Pequots<\/strong>, “They don’t look like Indians to me … I look more like an Indian.” (The Clinton administration disagreed.)<\/p>\n

\u201cThere\u2019s a very specific reason why Joe hasn\u2019t taken a hard line against Trump like other Democratic chief elected officials have done,” said political blogger Lennie Grimaldi<\/strong>. “One thing Trump does do is he keeps \"\"score. He keeps score of what people say about him, good, bad and ugly.\u201d Adds author Jeff Benedict<\/strong>, an authority on the Foxwoods saga,\u00a0\u201cLook, I think there\u2019s some titillating curb appeal to the idea of Donald Trump getting his revenge to old business opponents like the Mashantuckets\u201d by nuking their satellite casino project. He adds,\u00a0\u201cToo many people smarter than me have been wrong in trying to predict Donald Trump\u2019s motivations and behaviors.”<\/p>\n

That being the case, it’s no question whether Trump’s warm fuzzies for Ganim would outweigh his antipathy to MGM CEO Jim \"\"Murren<\/strong>. The latter, a Bridgeport native, prominently endorsed<\/a> Hillary Clinton<\/strong>\u00a0in the last election. The White House\u00a0could direct the Bureau of Indian Affairs<\/strong> to find against the off-reservation casino being developed in East Windsor<\/strong> by Foxwoods and Mohegan Sun.<\/strong> That would be a gross overreach, particularly when one considers the hands-off attitude of the previous administration in the Mashpee Wampanoag<\/strong>‘s ongoing struggle to develop a casino in Massachusetts<\/strong>.<\/p>\n

The East Windsor project is, at the moment, poised precariously on the federal fence, awaiting the pinkie-push\u00a0that could tip it into the “yes” or no” category. Acting Assistant Secretary for Indian Affairs Michael Black<\/strong> wrote,\u00a0\u201cWe find that there is \"\"insufficient information upon which to make a decision as to whether a new casino operated by the Mohegan and Mashantucket Pequot Tribes would or would not violate the exclusivity clauses in the Gaming Compact.\u201d That’s slightly ominous and, at minimum, leaves you wondering what additional information Black is waiting upon, Tribal spokesman Andrew Doba<\/strong> dismissed the playing of the Trump card as “complete speculation” but it looks like a real gambit from where we sit.<\/p>\n

* Fifty-five percent of Americans now approve<\/a> of sports betting, a 14% swing (and well outside the margin of error) from 1993, according to a new poll<\/a> commissioned by the Washington Post<\/em> and the University of Massachusetts-Lowell<\/em>.\u00a0\u201cLiterally, we\u2019re at the 1-yard line, and it\u2019s first-and-goal,\u201d says gaming attorney Daniel Wallach<\/strong> — but an adverse ruling by the Supreme Court<\/strong>\u00a0in Christie v. NCAA<\/em> could move the gaming industry 99 yards back. Reports the WaPo<\/em>, “just more than 1 in 5 sports fans (21 percent) have bet on professional sporting events in the past five years, and they\u2019re more likely to be avid sports fans, men, pro football fans, nonwhites, and under 40 years old.” (Sounds like a fertile terrain for the gaming industry to reap.)<\/p>\n

Support is bipartisan and, predictably, is highest among the active bettors, fantasy players and those with high incomes. Support among the coveted 18-to-49 demographic is 62%. Sports \"\"betting is emerging from under the PR cloud cast over it by the Pete Rose<\/strong> scandal of 1989. Said American Gaming Association<\/strong> President Geoff Freeman<\/strong>,\u00a0\u201cAs our industry expanded, we confronted a lot of fears, a lot of concerns, and what time has shown is that those fears and concerns were often misplaced.\u201d As for the popularity of DFS, which is helping drive the higher approval numbers of sports wagering, Freeman says,\u00a0\u201cIt begs a lot of questions for people.\u00a0I heard it from owners in sports, I heard it from fans, I heard it across the board: What\u2019s the difference between this and betting on sports? The simple answer is, there isn\u2019t a big one.\u201d We’ll see what SCOTUS has to say about that. Think of the casinos as the fans in the stands and the Supremes as the zebras, yellow flag at the ready.<\/p>\n

* A Nomura Securities<\/strong> report on Genting Group<\/strong> may cause fans of Resorts World Las Vegas<\/strong> to feel their hearts sinking. \"\"That’s because, in a period when capital is tight (by Genting’s own admission) the company is plowing $2.4 billion<\/a> into its Genting Highlands<\/strong> megaresort in Malaysia<\/strong>. The expansion will include a 20th Century Fox<\/strong> theme park. Capex improvements to Resorts World Sentosa<\/strong> are also slated. Of Las Vegas<\/strong> there is nary a mention. One wonders if the January start date of construction will be postponed, as so many others have been.<\/p>\n

* The Macao<\/strong> casino industry’s shift toward mass-market play has hidden benefits, particularly as regards diversity of revenue. \"\"A Joe Average player generates four times the F&B revenue<\/a> of a VIP player because the latter is getting a largely free ride in return for his “george” play. (One presumes a similar scenario applies to hotel revenues.) The whales are returning … slowly. They’re back up to 48% of all Macanese gamblers but that’s still a long way from 2011’s 70% waterline. As Galaxy Entertainment<\/strong> founder Lui-Che Woo<\/strong> says, we’ll need two years of market performance to determine whether Macao has recovered from Beijing’s high-roller crackdown or not.<\/p>\n","protected":false},"excerpt":{"rendered":"

Could we see heavy-footed federal intervention in the MGM Resorts International vs. Connecticut tribes slugfest?\u00a0Bridgeport Mayor Joe Ganim\u00a0(D) hopes so. A supporter of Donald Trump‘s presidential campaign, he’s hoping the White House will stomp into the Nutmeg State fray, interceding … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":6468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[227,42,14,26,166,201,120,174,22,62,11,167,25,108,74,9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/20239"}],"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=20239"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/20239\/revisions"}],"predecessor-version":[{"id":20242,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/20239\/revisions\/20242"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media\/6468"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=20239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=20239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=20239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}