Quote of the Day

By David McKee ~ September 22nd, 2014 @ 12:45 pm 1 Comment »

martinjwalsh-headshot“I think we need intervention from the people who appointed [the Massachusetts Gaming Commission]. They’ve clearly gone beyond their duty.” — Boston Mayor Martin “McCheese” Walsh, raging at the MGC for choosing to award a casino license to Wynn Resorts instead of Walsh-favored Mohegan Sun.

Bad news in New York and Macao

By David McKee ~ September 22nd, 2014 @ 12:10 pm No Comments »

In a setback for all regions of New York State that are eligible for a casino (or two), the casino-siting board has made it clear it’s taking a serious look at the “up to four” clause in the licensing process. So maybe they could hand out three licenses. Seal_of_New_York.svgOr fewer. At this point there are three eligible regions and 16 competing proposals, with a decision coming in October. The thinly populated Southern Tier is highly unlikely to get more than one. (Three proposals have been submitted.)

Which means that the solomonic baby-slicing will happen in the Catskills area, where Ulster County and Sullivan County are at daggers drawn with Orange County (more affluent, closer to New York City). With six of nine of the Catskills-area proposals being in Orange County, the odds are favoring it heavily at this point. It’s cruelly ironic because, for years, Sullivan and Ulster counties were the poster children for casino expansion, and now they may get cut out of the action entirely.

But “while casinos in Orange County may make the most money, that’s not Continued >>

Ultimate pulls the plug on A.C.

By David McKee ~ September 22nd, 2014 @ 11:51 am 1 Comment »

Ultimate Gaming is exiting Atlantic City but don’t take that as a slight on the New Jersey market for Internet gambling. Ultimate lost patience with Taj Mahaldubiously solvent Trump Taj Mahal, which it accuses of being two months in arrears and owing it $1.5 million. “It made it extremely difficult to operate under those circumstances.”,” understated Station Casinos CFO Marc Falcone, who added that Ultimate Gaming had stopped taking deposits. (The company is also downsizing.)

The company’s lack of haste to re-enter the Garden State market may have something to do with its last-place ranking among Continued >>

Atlantic City: The good, the bad and the very ugly

By David McKee ~ September 22nd, 2014 @ 11:01 am No Comments »

jimmurren_t652Taking a glass-half-full view of Atlantic City, CEO of MGM Resorts International Jim Murren wanted back in. Why not, when it means having half of by far the dominant joint in town, Borgata? Now that MGM has been vetted and cleared for a return to the Boardwalk, it will be taking a more active managerial role at Borgata, leveraging its relationship with AEG to improve the entertainment on offer. Since both MGM and Boyd Gaming are partners with Bwin, that simplifies the Internet-gambling picture considerably, too.

However, it’s the safest of bets that MGM is glad it pulled the $5 billion plug on MGM Grand Atlantic City and nothing of that ilk is going to be built, ever. (The company might as well buy and renovate Revel, if another megaresort is what it wants — and that’s highly improbable.) MGM still owns Continued >>

Further Reading

Quote of the Day

Bad news in New York and Macao

Ultimate pulls the plug on A.C.

Atlantic City: The good, the bad and the very ugly

La dolce Delano

Why is this man smiling?; The daffy world of Glenn Straub

Inside Sands’ success; Furor in Fresno

VLTs come to Texas; Slots inundate Illinois; Gomes honored

Caesars inspires legislation; Decision time for Wynn

Foxwoods: Woody exits; Eldorado’s big gains

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