{"id":21653,"date":"2018-05-08T09:12:02","date_gmt":"2018-05-08T17:12:02","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=21653"},"modified":"2022-03-04T15:28:06","modified_gmt":"2022-03-04T23:28:06","slug":"sheehan-out-at-scientific-carry-them-back-to-old-virginny","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/sheehan-out-at-scientific-carry-them-back-to-old-virginny\/","title":{"rendered":"Sheehan out at Scientific; Carry them back to old Virginny"},"content":{"rendered":"

Outgoing Scientific Games<\/strong> CEO (and Telemundo<\/strong> founder) Kevin Sheehan<\/strong> grew the company beyond recognition, increased revenue, reorganized its internal structure and aggressively paid down debt. So why is he being kicked upstairs<\/a> to “senior advisor”? Your guess is as \"\"good as ours. A hint may be found in successor Barry Cottle<\/strong>‘s background in online technology and social gaming. Sheehan fell on his sword gracefully. \u201cI\u2019m proud of what we have accomplished over the past two years …\u00a0Barry has been a great partner, and I look forward to supporting his efforts to lead Scientific Games into the digital future.\u201d<\/p>\n

* Native American tribes and the State of Connecticut<\/strong> are nose-to-nose over legalized sports betting. Foxwoods Resort Casino<\/strong> and Mohegan Sun<\/strong> insist their compacts, by implication, give them exclusive rights to sports wagering. The attorney general’s office cries foul. Who wins? It may come down to the tribes’ ultimatum: Give us exclusivity or we’re withhold our $250 million in annual slot revenues. In the meantime, in the midst of rumors it wants to flip MGM Springfield<\/strong> for Encore Boston Harbor<\/strong>, MGM is making nice<\/a> with Springfield<\/strong> merchants.<\/p>\n

* In what might be called the Steve Wynn<\/strong> Rule, Nevada<\/strong> gaming regulators are seeking to outline impermissable sexual behavior<\/a> in casinos. In a pleasant surprise, the Nevada Resort Association<\/strong> is on \"\"board with the more-stringent future. \u201cYeah, we are in an industry where guests may drink too much, where guests may party too much. You know, we have an obligation to make sure our employees are protected,\u201d said NRA lobbyist Robert Ostrovsky<\/strong>. Meanwhile, in contrast to CEO Matt Maddox<\/strong>‘s claim that Wynn Resorts<\/strong> is free of litigation comes news of a cluster of shareholder lawsuits, faulting the company from keeping Wynn’s misdeeds top-hush.<\/p>\n

The Nevada Gaming Commission<\/strong> is getting advice<\/a> from newish Nevada Gaming Control Board<\/strong> Chairwoman Becky Harris<\/strong>.\u00a0\u201cPutting her in this role is a little like getting a surgeon out of medical school who trained under the top surgeon in the newest techniques and now finds the perfect patient on the table,\u201d said\u00a0International Gaming Institute at the University of Nevada-Las Vegas<\/strong> Executive Director Bo Bernhard<\/strong>. Among the \"\"NGCB’s current briefs is investigating Wynngate to see if El Steve should lose his license. (We should get so lucky.) Current Nevada gaming regulations don’t address sexual harassment — so Wynn might slip the hook — a situation Harris wants to change. It could certainly discourage a lot of misbehavior going forward. And outgoing Gov. Brian Sandoval<\/strong>‘s successor would do well to keep Harris on the job, come 2019.<\/p>\n

* Virginia<\/strong>‘s Pamunkey Tribe<\/strong> has been much in the headlines lately. On the cusp between the Obama and Trump administrations it achieved federal recognition without having to forswear gambling. Now an Illinois<\/strong> venture capitalist has scooped up a 600-acre parcel near Richmond<\/strong> on the tribe’s behalf and there are even easel-ready casino renderings. Mind you, the horse is still a long way from the barn: The land would have to be taken into trust, a process that usually transpires over years, and this will not be an easy administration with which to deal.<\/p>\n

At the same time, the Virginia Legislature, while generally averse to gambling, has approved ‘historical’ horse races<\/a>, where you bet on video of an old horse race, with clues to the winner kept secret. That spurred the $20 million purchase and eventual reopening of Colonial Downs<\/strong> horse track, \"\"also near Richmond. The new owners — also from Illinois — think VLTs can make it pencil out. And the stream of money flowing from Virginia to MGM National Harbor<\/strong> is beginning to make politicians openly discuss The Big C: casinos. \u201cIf that\u2019s something Virginians want to participate in, why not look at doing it here in Virginia, rather than those resources going to other states?\u201d asks Gov. Ralph Northam<\/strong> (D), who is finding support on the other side of the aisle from the likes of Delegate Chris Peace<\/strong> (R), who says, \u201cI think the mores, the social concerns over that have weakened a bit. I get the sense that if it was done right …” he lets the thought drift off. As veteran state Sen. Richard Saslaw<\/strong> (D) says of Maryland<\/strong>, \u201cThey\u2019re reaping a lot of money out of it. There\u2019s no reason we shouldn\u2019t do what Maryland\u2019s done.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Outgoing Scientific Games CEO (and Telemundo founder) Kevin Sheehan grew the company beyond recognition, increased revenue, reorganized its internal structure and aggressively paid down debt. So why is he being kicked upstairs to “senior advisor”? Your guess is as good … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":10418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[166,67,22,72,112,11,167,207,33,111,25,160,74,20,233],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/21653"}],"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=21653"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/21653\/revisions"}],"predecessor-version":[{"id":30831,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/21653\/revisions\/30831"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media\/10418"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=21653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=21653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=21653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}