{"id":243,"date":"2009-08-06T21:33:00","date_gmt":"2009-08-07T01:33:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/blogs\/dmckee\/index.cfm\/2009\/8\/6\/Case-Bets-Ohio-Trump-Fahrenkopfian-outrage"},"modified":"2022-12-21T06:41:43","modified_gmt":"2022-12-21T14:41:43","slug":"case-bets-ohio-trump-fahrenkopfian-outrage","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/case-bets-ohio-trump-fahrenkopfian-outrage\/","title":{"rendered":"Case Bets: Ohio, Trump, Fahrenkopfian outrage"},"content":{"rendered":"<p>With racinos a done deal in <strong>Ohio<\/strong>, a <a href=\"http:\/\/www.cleveland.com\/open\/index.ssf\/2009\/08\/harrahs_entertainment_the_larg.html\" class=\"broken_link\">suddenly frisky<\/a> <strong>Harrah&#8217;s Entertainment<\/strong> is <a href=\"http:\/\/www.cleveland.com\/news\/plaindealer\/index.ssf?\/base\/news\/1249461047309370.xml&amp;coll=2\" class=\"broken_link\">shopping around<\/a> for a <strong>Cleveland<\/strong>-area track. If anything, I&#8217;m surprised competing companies haven&#8217;t beaten Harrah&#8217;s to the punch, but it seems to have sucker-punched its rivals. Good on it.<\/p>\n<p><strong>Donald Trump&#8217;s fire-sale<\/strong> acquisition of <strong>Trump Entertainment Resorts<\/strong> is <a href=\"http:\/\/online.wsj.com\/article\/SB124944063960506869.html?mod=dist_smartbrief\">far from a done deal<\/a>, according to the <em>Wall Street Journal<\/em>. Bondholders who stand to have $1.25 billion flushed away in the Trump\/<strong>Mark Juliano<\/strong> sweetheart transaction <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601109&amp;sid=auonSvNBScqk\" class=\"broken_link\">may be able to throw in a spanner in the works<\/a>.<\/p>\n<p><strong>Casinos spread the wealth<\/strong> &#8212; or do they? A <em>Journal of Economic Studies<\/em> report queries the premise, saying casino expansion dilutes local wage bases. However, casino companies &#8212; and some academic allies &#8212; aren&#8217;t taking this lying down. Both <strong>Penn National<\/strong> and <strong>Cordish Gaming<\/strong> are making vigorous arguments to the contrary, <a href=\"http:\/\/www.americangaming.org\/Press\/letters\/letters_detail.cfv?ID=521\" class=\"broken_link\">as is<\/a> one <strong>Frank J. Fahrenkopf<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With racinos a done deal in Ohio, a suddenly frisky Harrah&#8217;s Entertainment is shopping around for a Cleveland-area track. If anything, I&#8217;m surprised competing companies haven&#8217;t beaten Harrah&#8217;s to the punch, but it seems to have sucker-punched its rivals. Good &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/case-bets-ohio-trump-fahrenkopfian-outrage\/\">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":[23,70,42,7,16,72,71,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/243"}],"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=243"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/243\/revisions"}],"predecessor-version":[{"id":32082,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/243\/revisions\/32082"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}