Caesars has a live one, Revel not

By David McKee ~ August 27th, 2014 @ 2:23 pm No Comments »

Even though it’s still on pace to close Aug. 31, Showboat‘s last chapter may have yet to be written. Caesars Entertainment spokesman Gary Showboat ACThompson told reporters that multiple expressions of interest in the property have been received. He added that the proverbial “interested party” was getting a tour of the place. Having reclassified Showboat with the SEC as a “discontinued operation,” there’s no chance that Caesars will keep the Showboat open on an interim basis. However, for those who work there there is now the slim but tangible chance that they’ll be able to come back under different ownership.

Revel, meanwhile, is packing away the food and drink as Continued >>

Quote of the Day

By David McKee ~ August 26th, 2014 @ 3:28 pm No Comments »

neil-bluhm“The false premise is that somehow or other there is this tribe of gamers lost in the Mid-Atlantic states that no one has found and no one has brought in to game [sic] anywhere. There is no lost tribe of gamers out there.” – HSP Gaming Chairman Neil Bluhm, on casino saturation.

Bad ideas never die; The Fugees; Left holding the bag

By David McKee ~ August 26th, 2014 @ 12:56 pm No Comments »

Louisiana_FlagPoliticians are ever-fond of the notion of using casinos as surrogate police, tasking them with collecting delinquent child-support payments. Louisiana has actually been doing this since 2011 and hit the jackpot: $2 million-plus to date. So where do deadbeat dads like to play? Boomtown Belle is the winner, collecting $191,006 to date and also boasting the single largest monthly haul. They’re also pretty keen on Harrah’s New Orleans ($185,256), Hollywood Casino Baton Rouge ($177,494) and Eldorado up in the Bossier City-Shreveport market ($177,392). So if you’re a deadbeat parent in Louisiana and you gamble, you’re shooting dice with Big Brother.

* The casino industry has done pretty darn little to support Rep. Dina TitusTitus (D-NV) but she’s not holding any grudges. In fact, she’s authored a bill to eliminate the federal handle tax on sports wagers. Imposed only in Nevada and Delaware, the tax constitutes a tiny fraction of a point and, when asked where the money went, the Internal Revenue Service couldn’t account for it. As Titus puts it, “This seems like a penalty being paid by Nevada.”

Cantor Gaming CEO Lee Amaitis, who set the process in motion when he asked Titus’ office for an accounting of the money, is supportive. He’d pay a Continued >>

Horseshoe Baltimore launches; Hypocrisy in Indiana

By David McKee ~ August 26th, 2014 @ 11:53 am 1 Comment »

On a “gritty stretch of Russell Street” in Baltimore, partners Caesars Entertainment and Rock Gaming are preparing to bust out their Horseshoe Baltimorelatest inner-city casino. Not only will it provide commendable urban renewal, it will also give Maryland Live! its most serious competition to date. As the Washington Post‘s map shows, they are the most centrally located of the Maryland casinos, although Maryland Live! is much larger than Horseshoe, so it will be a heavyweight and a middleweight duking it out for Baltimoreans’ money.

Live! is already projected to lose 18% of its revenue to MGM National Harbor in two years. How big of a chomp will Horseshoe make? One casino Continued >>

Further Reading

Caesars has a live one, Revel not

Quote of the Day

Bad ideas never die; The Fugees; Left holding the bag

Horseshoe Baltimore launches; Hypocrisy in Indiana

Quote of the Day

Holy Grail achieved at MGM; Greed and gouing

Party poopers

Sam’s Place

Quote of the Day

When the punishment doesn’t fit the crime

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