Tightening the screws on Macao; While we were in recess

By David McKee ~ April 15th, 2015 @ 12:28 pm No Comments »

In what may come as bad news to casino operators, the Macao government is placing a quota on the number of mainland visitors the gaming enclave will allow per year: 21 million. On the HotelLisboaother hand, the government is pivoting towards a greater appeal to international visitors, giving with one hand what it takes away with the other. Having proposed this tourism cap, the Macanese government must send it to Peking for approval. Macao’s government is aiming for a 2:1 ratio of domestic to overseas visitors. Rationalized Secretary for Social Affairs & Culture Alexis Tam, “during the Chinese New Year there were 147,000 visitors per day. This number is well above the city’s capacity according to the [Institute for Tourism Studies] study and if this trend continues the quality of life of residents will be affected.”

The local government also remains set on Continued >>

Trump blocks progress in Atlantic City; Legal trouble for Penn

By David McKee ~ April 15th, 2015 @ 11:14 am No Comments »

Although they enjoyed a same-store increase of 1% last month, Atlantic City casinos pulled in 14% less than last year at this time, grossing $191 million (more than some entire Midwestern Resorts ACstates, it should be noted). Twelve percent less coin-in at the slots drove a 14.5% revenue decrease, while a sharp (22%) diminution in table play produced an 18% declivity. Borgata — grossing $56 million — spectacularly outperformed the slot market, with coin-in up 16% and table revenue off only 3.5%. Luck wasn’t with the house, as table play was incrementally up. Gambling revenue rose 9% for the month. Borgata also enjoyed the lion’s share (32%) of $13 million in Internet-gaming monies. Tropicana Atlantic City (23%) passed both the Golden Nugget (22.5%, but ascending rapidly) and Caesars Interactive (21%) for second place, as cyber-gambling continues to gain acceptance.

Over at Trump Taj Mahal, CEO Bob Griffin continues to Continued >>

Freeman takes aim; Pinnacle commands high price

By David McKee ~ April 15th, 2015 @ 9:39 am No Comments »

Geoff Freeman continues his aggressive agenda at the American Gaming Association. In a move possibly intended to take the heat off American online casinos, he’ll calling for — and promising the AGA will take the lead in — a beatdown on illegal and merely shady forms of gambling, such as Continued >>

Revel: Crippled giant; Tough choice in Indiana

By David McKee ~ April 13th, 2015 @ 11:37 am 1 Comment »

It may feel good for Glenn Straub to spit defiance (“We will never give in to blackmail. Let them dig their own grave, along with endangering other peoples’ lives.”) at the ACR power revel_0601plant that just cut off water and electricity to Revel but it’s a Pyhrric victory. All manner of bad things can happen to the mammoth casino-hotel while it’s powerless (and it will take as long as two weeks to reroute its systems into the adjacent Showboat grid), including burst pipes, mold formation and fire hazards that could turn the 47-story Revel into a real-life towering inferno. With its fire-suppression systems out of commission, Revel is racking up $5,000 a day in fines and has lost its certificate of occupancy.

ACR says it’s willing to Continued >>

Further Reading

Tightening the screws on Macao; While we were in recess

Trump blocks progress in Atlantic City; Legal trouble for Penn

Freeman takes aim; Pinnacle commands high price

Revel: Crippled giant; Tough choice in Indiana

Pansy Ho on the campaign trail; Connecticut tribes optimistic

Quote of the Day

No megaresorts in Florida’s future; Big experiment at Sands Bethlehem

Good year for Atlantic City

Misery in Macao; Penn’s good fortune

Paradox in Maryland; Otter saves “instant racing”

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