Category Archives: Horseracing

Shawn The Sham; Cal-Neva in limbo

“They got the signatures to put it on the ballot and they are going to be spending millions of dollars on advertising, probably six weeks prior to this Election Day in November, to convince people to vote for it. It … Continue reading

Posted in Galaxy Entertainment, Harrah's, Horseracing, International, Japan, Maine, Nevada, North Dakota, Penn National, Politics, Regulation, South Korea, Technology | Leave a comment

Adelson out of stadium deal; Tepid December on Strip

It didn’t take long for Sandoval’s Folly, the mooted [your city here] Raiders stadium to blow up in the governor’s face. With characteristic irascibility, Las Vegas Sands CEO Sheldon Adelson withdrew from the project, taking his $650 million with him. … Continue reading

Posted in Boulder Strip, Cordish Co., Cretins, Downtown, Economy, Foxwoods, GLPI, Harrah's, Horseracing, Japan, Laughlin, Maryland, MGM Mirage, Mohegan Sun, Nevada, North Las Vegas, Penn National, Politics, Regulation, Reno, Sheldon Adelson, Sports, The Strip, Tribal, Virginia, Wall Street, West Virginia | Leave a comment

Florida to Seminoles: F@&k you!

Although we’ve yet to hear from the Seminole Tribe, it’s a pretty strong bet that they’re not going to like Florida state Senate President Bill Galvano‘s proposed gaming-expansion legislation one darn bit. In a unanimous vote, Galvano’s Senate Regulated Industries … Continue reading

Posted in Florida, Horseracing, Internet gambling, Politics, Racinos, Seminole Tribe | 2 Comments

Maryland: Playing the blame game; Island casinos confront Trump

As might be expected, MGM National Harbor‘s opening strapped a jet pack on Maryland casino revenues for December, which came in at $133.5 million, easily surpassing last May’s then-record $104 million. Wagering — as opposed to win — per slot … Continue reading

Posted in Cordish Co., Donald Trump, Economy, Harrah's, Horseracing, Illinois, International, Internet gambling, Macau, Maine, Maryland, MGM Mirage, Penn National, Racinos, Regulation, Slot routes, Taxes, Tribal | Leave a comment

Trump: The Fix is In; Battle of Gettysburg III

Gaming executives who are buddies with Donald Trump just got a rude surprise when attorney general nominee Sen. Jeff Sessions (R) said he was “shocked” by the 2011 reinterpretation of the Wire Act, whereby Internet gaming became legal. This sets … Continue reading

Posted in Atlantic City, Donald Trump, Economy, Harrah's, history, Horseracing, Internet gambling, Maryland, Pennsylvania, Problem gambling, Sheldon Adelson, Taxes | Leave a comment

Jesus scapegoated for December results; Changing of the guard in New Jersey

Deutsche Bank analyst Carlo Santarelli put in some quality time in Las Vegas recently and came away satisfied with the market, particularly MGM Resorts International, Station Casinos, Boyd Gaming and Penn National Gaming, although he had no new intel on … Continue reading

Posted in Atlantic City, Boyd Gaming, California, Economy, Foxwoods, Georgia, Horseracing, Internet gambling, Lucky Dragon, MGM Mirage, Mohegan Sun, Penn National, Politics, Station Casinos, Tribal, Wall Street | Leave a comment

Cheerless Christmas in Illinois; Whitewash at Caesars?

Despite two extra weekend days, gaming revenues in Illinois were down 5% last month. For all we know, gamblers may have been saving up for Christmas but we think this points to the increasing prevalence of slot routes (many owned … Continue reading

Posted in Atlantic City, Boyd Gaming, Carl Icahn, Churchill Downs, GLPI, Harrah's, Horseracing, Illinois, MGM Mirage, Neil Bluhm, Penn National, Racinos, Slot routes, Sports, The Strip, Unite-Here | Leave a comment

Pennsylvania gets a second look; Tioga Downs debuts new casino

Funny that we should have been discussing Pennsylvania yesterday. Fitch Ratings analyst Alex Bumazhny made a field trip to Philadelphia and Bethlehem, and came away impressed by the $164 million expansion of SugarHouse. He concluded that its new features, which … Continue reading

Posted in Cordish Co., Economy, Harrah's, Horseracing, Lucky Dragon, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, Neil Bluhm, New York, Penn National, Pennsylvania, Racinos, Singapore, Stanley Ho, Taxes, The Strip, Wall Street | 1 Comment

Reboot for Wynn Palace; Does Trump still heart sports betting?

Gaming analysts confirm reports of a slow opening at Wynn Palace in Macao, likening its performance to that of the early days of Studio City — not the sort of comparison Wynn Resorts probably wanted to hear. Room rates have … Continue reading

Posted in Atlantic City, Donald Trump, Economy, Horseracing, Internet gambling, Macau, Melco Crown Entertainment, Politics, Racinos, Sports, Steve Wynn | 1 Comment

The day after

This morning’s biggest winners are not politicians or pundits (certainly not the pollsters) but the punters who laid their money on a Donald Trump victory when sites like Betfair had him as a one-in-five underdog or worse. Their wallets are … Continue reading

Posted in Atlantic City, Donald Trump, Election, Florida, Harry Reid, Horseracing, Maine, Massachusetts, Nevada, Politics, Racinos, Regulation, Sheldon Adelson, Steve Wynn | 1 Comment

Hollywood Jamul opens; Hutchinson opposes Arkansas casinos

While the eyes of the industry were focused on the closing of Trump Taj Mahal, there was another long-awaited event on Monday: the opening of Hollywood Casino Jamul, near San Diego. Combine in-progress road construction with a new casino and … Continue reading

Posted in Arkansas, Atlantic City, California, Cannery Casino Resorts, Dining, Election, GLPI, Harrah's, Horseracing, Isle of Capri, New York, Oklahoma, Penn National, Pennsylvania, Pinnacle Entertainment, Politics, Racinos, Taxes, Technology, The Strip, Transportation, Tribal | 1 Comment

Arkansas casino proposal hotly contested; Straub gains support

Although a ballot initiative to legalize casinos in three Arkansas counties could draw some gambling dollars away from Oklahoma, that hasn’t stopped a Sooner State tribe from supporting it. Cherokee Nation Businesses has ponied up $400,000 to support the ballot … Continue reading

Posted in Arkansas, Atlantic City, Glenn Straub, Horseracing, Internet gambling, Iowa, Missouri, Oklahoma, Pennsylvania, Politics, Racinos, Regulation, Revel, Tribal | Leave a comment

Trailer trash in Boston; New crisis looms in Atlantic City

Massachusetts lawmakers may have thought they’d settled the question of casinos in the Bay State when they voted to baptize three resorts and slot parlor. However, thanks to a ruling by state Attorney General Maura Healey, a ballot question here … Continue reading

Posted in Atlantic City, Economy, Election, Horseracing, Lawrence Ho, Macau, Maine, Marketing, Massachusetts, Melco Crown Entertainment, Regulation, Sheldon Adelson | 1 Comment

Shifty speculation in Massachusetts; Hoosiers spend more

Two Boston-area mayors are digging in against a slot parlor proposed for Revere. New Revere Mayor Brian Arrigo and Somerville Mayor Joseph Curtatone (below) have both voiced opposition to the project, which would be near Suffolk Downs (the ballot question is … Continue reading

Posted in Boyd Gaming, Full House Resorts, Harrah's, Horseracing, Law enforcement, Majestic Star, Massachusetts, Neil Bluhm, Penn National, Pennsylvania, Pinnacle Entertainment, Racinos, Regulation, Steve Wynn, Taxes, Tropicana Entertainment | Leave a comment

Icahn leaves Taj workers nostalgic for Trump; Megaresort proposed for NYC

You can measure the acrimony between Unite-Here Local 54 and Tropicana Entertainment by the fact that striking workers at Trump Taj Mahal are using Donald Trump as a stick with which to beat Carl Icahn. By astutely negotiating a pact … Continue reading

Posted in California, Carl Icahn, Charity, Cordish Co., Cosmopolitan, Donald Trump, Election, Entertainment, Genting, Georgia, Glenn Straub, Harrah's, Horseracing, Illinois, Macau, Marketing, Melco Crown Entertainment, MGM Mirage, New York, Regulation, Revel, Stanley Ho, Tribal, Tropicana Entertainment, Trump Entertainment Resorts, Unite-Here | Leave a comment

The meddlesome Adelson; Wynn Palace postponed again

“Essentially, Pechanga and its allies see no reason to compromise, even an inch,” wrote California Online Poker‘s Steve Ruddock of the intractable position of the Pechanga and Agua Caliente tribes, and their anti-PokerStars allies (who include Sheldon Adelson, meddling in … Continue reading

Posted in Arkansas, California, Churchill Downs, Election, Foxwoods, Horseracing, Internet gambling, Louisiana, Macau, Marketing, Massachusetts, MGM Mirage, Mohegan Sun, Penn National, Politics, Regulation, Scientific Games, Sheldon Adelson, Steve Wynn, Taxes, Technology, Tribal, Wall Street | Leave a comment

High-stakes legal challenge in Florida; Free-for-all in New York

A relatively obscure dispute in the Florida panhandle could have huge ramifications for the state’s casino industry. Four years ago, voters in Gadsden County approved slot machines for Gretna Racing, a joint venture of two Tallahassee lobbyists and the Poarch Bank … Continue reading

Posted in Architecture, Atlantic City, Delaware, Economy, Election, Florida, Genting, Harrah's, Horseracing, Internet gambling, MGM Mirage, Nevada, New York, Politics, Racinos, Regulation, Seminole Tribe, Sheldon Adelson, The Strip | Leave a comment

Case Bets: California, Florida, Minnesota, Macao

In a dramatic development, the six-tribe coalition that opposed letting PokerStars into California stood aside, clearing the path to unanimous approval by the Assembly Governmental Organization Committee of a bill by state Rep. Adam Gray that would legalize online poker in … Continue reading

Posted in California, Election, Florida, Galaxy Entertainment, history, Horseracing, Internet gambling, Macau, Minnesota, PokerStars, Politics, Taxes, Tribal | Leave a comment

Doldrums in Louisiana; Free play imperiled in Pennsylvania

Louisiana gaming revenues, aided by Leap Day, were flat last month, which is pretty surprising because most of the brand names had revenue-negative months. Lake Charles led the state with $74 million. Golden Nugget had a signal month, up 37% … Continue reading

Posted in Boyd Gaming, Churchill Downs, Eldorado Resorts, Election, GLPI, Greenwood Racing, Harrah's, Horseracing, Idaho, Isle of Capri, Louisiana, Maine, Penn National, Pennsylvania, Pinnacle Entertainment, Taxes, Tilman Fertitta, Tropicana Entertainment, West Virginia | Leave a comment

Vietnam War logic in New Jersey; Tribal corruption in Florida

New Jersey will no longer have the distinction of possessing the second-lowest casino tax rate if Assemblyman Ralph Caputo (D, left) gets his way. He’s talking about imposing at least a 40% levy on proposed north New Jersey casinos, perhaps … Continue reading

Posted in Atlantic City, Carl Icahn, Florida, Hard Rock International, Horseracing, International, Mississippi, New York, Politics, Regulation, Taxes, Tribal, Tropicana Entertainment | Leave a comment