Casino-based slot machines in Illinois are now outnumbered by ones in convenience stores, bars and truck stops. To make the challenge even worse, the Legislature — which goes out of its way to kneecap the Land of Lincoln’s existing casinos — is contemplating doubling the amount of machines allowed in convenience locations.
To some extent, the Illinois Casino Gaming Association is to blame, for having stood to one side when the initial enabling legislation went through, bringing truck-stop slots with it. “We underestimated the kind of impact it was going to have. We thought by putting a limit on the number of devices [five per site] it wouldn’t hurt us much,” says Executive Director Tom Swoik, a bit lamely.
The Lege’s priorities, of course, were to Continued >>
Steve Wynn‘s Encore is making news in a way its owner would probably prefer it didn’t (and not for the first time this year). Bryanna Warren, Trinity Kennard and Charmella Triggs picked up a couple of guys in an Encore bar and lured them up to the mens’ hotel room. (They probably didn’t need much luring, I reckon.) For some dumb reason, the johns allowed themselves to be persuaded to remove their watches during sex. Now, one of the watches is a $12,000 Rolex Submariner and the other a $4,000 Rolex GMT Master, so you can see how moronic it was to take them off.
The women made a grab for the timepieces, holding their victims at bay with a stun gun. They made it as far as the taxi rank, where Continued >>
July was a mixed blessing for Nevada. Gambling revenue was up 5% along the Strip, down 4% among locals and essentially flat statewide. Strip casinos won big at baccarat, with player losses increasing 16% on 24% heavier play. Non-Strip baccarat play was down 5%, with win of almost 1%. Wrote J.P. Morgan analyst Joseph Greff, ” we maintain our positive outlook for the LV Strip and believe the overall recovery will continue as 2014 progresses.”
Except for the nebulous “Balance of Clark County” and “Other” categories, all outlying gaming jurisdictions were down or flat: Downtown (-3%), Laughlin (flat), Reno (-2%), Boulder Strip (-10%), North Las Vegas (-2%), Lake Tahoe (-22.5%), Elko (-10%) and Carson Valley (-4%). It’s rough out there in the boonies.
Some Wall Street analysts, however, Continued >>