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	<title>Stiffs and Georges</title>
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		<title>Woody in Milford; Revel out of Chapter 11; Isle: Pay to play</title>
		<link>http://dmckee.lvablog.com/?p=10884</link>
		<comments>http://dmckee.lvablog.com/?p=10884#comments</comments>
		<pubDate>Wed, 22 May 2013 23:26:40 +0000</pubDate>
		<dc:creator>David McKee</dc:creator>
				<category><![CDATA[Architecture]]></category>
		<category><![CDATA[Atlantic City]]></category>
		<category><![CDATA[Current]]></category>
		<category><![CDATA[Downtown]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Isle of Capri]]></category>
		<category><![CDATA[Massachusetts]]></category>
		<category><![CDATA[Pennsylvania]]></category>
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		<category><![CDATA[Tribal]]></category>
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		<description><![CDATA[Foxwoods Resort Casino CEO Scott &#8220;Woody&#8221; Butera didn&#8217;t close the sale with Milford voters earlier this week, but they didn&#8217;t slam the door on him either. Rather than prejudice the issue with a town-meeting vote, local sentiment favors a city-wide referendum. Although casino opponents have dominated the argument so far, hearing from Foxwoods-in-Milford supporters seems [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Foxwoods Resort Casino</strong> CEO <strong>Scott &#8220;Woody&#8221; Butera</strong> didn&#8217;t close the sale with <strong>Milford</strong> voters earlier this week, <a href="http://www.boston.com/yourtown/news/milford/2013/05/milford_town_meeting_takes_a_p.html" target="_blank">but they didn&#8217;t slam the door on <img class="alignright size-full wp-image-10887" title="Scott_Butera" src="http://dmckee.lvablog.com/wp-content/uploads/2013/05/Scott_Butera.jpg" alt="" width="335" height="255" />him either</a>. Rather than prejudice the issue with a town-meeting vote, local sentiment favors a city-wide referendum. Although casino opponents have dominated the argument so far, hearing from Foxwoods-in-Milford supporters seems almost redundant: <em>Of course</em> the citizens should vote in favor of the $1 billion prospect (plus jobs). It&#8217;s the <strong>Massachusetts Gaming Commission</strong> that ought to put this financially unsteady proposal into the shredder.</p>
<p>Milford selectmen are doing their homework, undistracted by <a href="http://www.foxwoodsma.com/" target="_blank">a new online campaign</a> and <a href="http://www.boston.com/news/local/rhode-island/2013/05/19/foxwoods-seeks-financial-win-with-mass-casino/3ZhOxAWCOebdJkyuEINhlK/story.html?p1=Well_MostPop_Emailed5" target="_blank">a freshly downsized debt load</a> (<strong>Wall Street</strong> evidently having decided that 75% of something is better than <span id="more-10884"></span>100% of nothing). Foxwoods is already in a world of hurt, its slot revenues <img class="alignright size-full wp-image-5314" title="Foxwoods_Casino" src="http://dmckee.lvablog.com/wp-content/uploads/2010/12/Foxwoods_Casino.jpg" alt="" width="300" height="225" />down 10% last month. Tribal members are seeing charity food shelves where once they received monthly slices of casino revenue. Fifty dealers have been axed and that&#8217;s just for starters. &#8220;<em>Foxwoods has little choice but to jump into the Massachusetts market  because many customers at the two Connecticut casinos are from  Massachusetts</em>,&#8221; writes the <em>Boston Globe</em>, but whatever traffic Foxwoods captures in Milford it loses at HQ in <strong>Ledyard</strong>. It&#8217;s like a starving man eating off his own leg to stay alive. Gives a whole new meaning to &#8220;cannibalization&#8221; in the casino industry, doesn&#8217;t it?</p>
<p><strong>Out west</strong>, the continued charm offensive by various casino companies <img class="alignright size-thumbnail wp-image-10283" title="Seminole logo" src="http://dmckee.lvablog.com/wp-content/uploads/2013/01/Seminole-logo-149x150.jpg" alt="" width="149" height="150" />produced the non headline of the week. &#8220;<em>Study: Proposed Hard Rock casino in Mass. to bring  job opportunities</em>.&#8221; Wake me when the opening of a new casino doesn&#8217;t generate any new jobs &#8230; although we are entering an increasingly robotic casino experience, populated with digital dealers and croupier-free roulette. But seriously, when has the entry of the casino industry <em>not</em> created jobs?</p>
<p>In this case, <strong>Hard Rock International</strong> prophesies 2,800 regular jobs and <img class="alignleft size-medium wp-image-10455" title="Hard Rock Springfield" src="http://dmckee.lvablog.com/wp-content/uploads/2013/02/Hard-Rock-Springfield-300x171.jpg" alt="" width="300" height="171" />another 700 &#8220;ripple effect&#8221; ones out in the community. Also, that $50K/year average looks a bit high, probably pulled upwards by executive salaries. (The Vegas average is lower.) Hard Rock Chairman <strong>James F. Allen</strong> characterized the figures as conservative but they look just a tad liberal to me. That&#8217;s not to say the project wouldn&#8217;t be A Good Thing. I just wish it didn&#8217;t look so much like a damn <strong>Holiday Inn</strong>. Give Allen &#8220;A+&#8221; for initiative and &#8220;D-&#8221; for choice of design.</p>
<p><strong>Allen is a pessimist compared</strong> to executives of <strong>Revel</strong>, which is <a href="http://www.pressofatlanticcity.com/news/top_three/revel-emerges-from-bankruptcy-under-new-ownership/article_8d252454-c292-11e2-af4a-001a4bcf887a.html">officially not bankrupt anymore</a>. (Congratulations.) Management is predicting that net revenue will increase 40% next year, 21% the year after that and 15% in 2015. Operating losses are projected to fall 62%, which suggests that draconian measures are in the offing. As for the revenue increases, they&#8217;re not as pie-in-the-sky as they look when you consider that Revel is has posted astonishingly low numbers to date. It means getting from, say, $8 million a month to $11 million. But raising the monthly average to $21 million a month this year and $31.5 million by the beginning of 2016 &#8230; now <em>that&#8217;s</em> optimism.</p>
<p><strong>No matter how</strong> &#8230;<br />
<script src="http://CBSPIT.images.worldnow.com/interface/js/WNVideo.js?rnd=774690;hostDomain=video.pittsburgh.cbslocal.com;playerWidth=385;playerHeight=255;isShowIcon=true;clipId=8904154;flvUri=;partnerclipid=;adTag=News;advertisingZone=CBS.PITTS%252Fworldnowplayer;enableAds=true;landingPage=;islandingPageoverride=false;playerType=STANDARD_EMBEDDEDscript;controlsType=fixed" type="text/javascript"></script><a href="http://video.pittsburgh.cbslocal.com"></a><br />
&#8230; you get into <strong>Isle of Capri Casinos</strong>&#8216; new resort in rural <strong>Pennsylvania</strong>, <a href="http://pittsburgh.cbslocal.com/2013/05/21/nemacolins-lady-luck-casino-to-be-open-to-all-for-a-fee/">it&#8217;s gonna cost you</a> before pull so much as one slot lever.</p>
<p><strong>Continuing his conquest</strong> of Downtown <strong>Las Vegas</strong>, <strong>Zappos.com</strong> CEO <strong>Tony Hsieh</strong> <a href="http://www.lasvegassun.com/news/2013/mar/20/joe-downtown-rangers-stand-ready-provide-assistanc/#axzz2U3omeUrB" target="_blank">now has his own police force</a>. It looks like at least some of the <strong>Downtown Rangers</strong> should switch to a low-carb diet.</p>
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		<title>Good news, bad news</title>
		<link>http://dmckee.lvablog.com/?p=10880</link>
		<comments>http://dmckee.lvablog.com/?p=10880#comments</comments>
		<pubDate>Wed, 22 May 2013 21:15:34 +0000</pubDate>
		<dc:creator>David McKee</dc:creator>
				<category><![CDATA[Current]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Harrah&apos;s]]></category>
		<category><![CDATA[Macau]]></category>
		<category><![CDATA[The Strip]]></category>

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		<description><![CDATA[Good news for Caesars Entertainment: Macanese gaming magnate Galaxy Entertainment Group wants to buy a golf course. Caesars has a $578 million one it desperately wants to unload. Bad news for Caesars, Galaxy wants a course that&#8217;s on nearby Hengqin Island, not in Macao proper, where Caesars Golf sits. Amazing place, Macao: Where else could [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-full wp-image-7416" title="Macao golf carts" src="http://dmckee.lvablog.com/wp-content/uploads/2011/09/Macao-golf-carts.png" alt="" width="222" height="261" />Good news for <strong>Caesars Entertainment</strong>: Macanese gaming magnate <strong>Galaxy Entertainment Group</strong> wants to buy a golf course. Caesars has a $578 million one <a href="http://online.wsj.com/article/SB10001424052970204789304578088320711432556.html" target="_blank">it desperately wants to unload</a>. Bad news for Caesars, Galaxy wants a course that&#8217;s on nearby <strong>Hengqin Island</strong>, not in <strong>Macao</strong> proper, where <strong>Caesars Golf</strong> sits. Amazing place, Macao: Where else could you hear a company like Galaxy casually talk about <a href="http://www.macaubusiness.com/news/galaxy-to-invest-up-to-hk60-billion-in-cotai-expansion.html" target="_blank">investing $7.7 billion into the third and fourth phases</a> of a gargantuan casino resort? That would be deemed insanely risky in <strong>Las Vegas</strong> but, for Macao,<a href="http://www.businessweek.com/news/2013-05-21/galaxy-to-invest-up-to-hk-60-billion-in-cotai-casino-expansion" target="_blank"> it&#8217;s business at usual</a>.</p>
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		<title>Weidner returns; Casinos win tax fight</title>
		<link>http://dmckee.lvablog.com/?p=10876</link>
		<comments>http://dmckee.lvablog.com/?p=10876#comments</comments>
		<pubDate>Wed, 22 May 2013 21:01:21 +0000</pubDate>
		<dc:creator>David McKee</dc:creator>
				<category><![CDATA[Boyd Gaming]]></category>
		<category><![CDATA[Environment]]></category>
		<category><![CDATA[Harrah&apos;s]]></category>
		<category><![CDATA[International]]></category>
		<category><![CDATA[Macau]]></category>
		<category><![CDATA[Mississippi]]></category>
		<category><![CDATA[Oklahoma]]></category>
		<category><![CDATA[Politics]]></category>
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		<category><![CDATA[Sheldon Adelson]]></category>
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		<description><![CDATA[Y&#8217;all remember Baha Mar, that multi-billion-dollar project in the Bahamas that then-Harrah&#8217;s Entertainment exited during its IPO? At the time, Harrah&#8217;s insisted that there was no connection, but Baha Mar was one of several initiatives &#8212; including Margaritaville in Biloxi and a resort in Spain &#8212; that were ceased and never heard from again. $3.5 [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-full wp-image-1528" title="william_weidner" src="http://dmckee.lvablog.com/wp-content/uploads/2009/12/william_weidner.jpg" alt="" width="145" height="208" />Y&#8217;all remember <strong>Baha Mar</strong>, that multi-billion-dollar project in the <strong>Bahamas</strong> that then-<strong>Harrah&#8217;s Entertainment</strong> exited during its IPO? At the time, Harrah&#8217;s insisted that there was no connection, but Baha Mar was one of several initiatives &#8212; including <strong>Margaritaville</strong> in <strong>Biloxi</strong> and a resort in <strong>Spain</strong> &#8212; that were ceased and never heard from again. $3.5 billion later. Baha Mar is slated for an end-of-2014 opening and it will be run by <strong>Global Gaming Asset Management</strong>, <a href="http://cdcgamingreports.com/management-team-led-by-ex-lv-sands-boss-to-oversee-bahamas-project/" target="_blank">which is a four-word way of saying</a> <strong>William Weidner</strong>, the former #2 man of <strong>Sheldon Adelson</strong>, though they haven&#8217;t been BFFs for the past three years.</p>
<p>Although Weidner supposedly sought a casino posting in <strong>Macao</strong> and <img class="alignleft size-medium wp-image-10877" title="BahaMar_Vert_TM_RENDERED GOLD_4C" src="http://dmckee.lvablog.com/wp-content/uploads/2013/05/Baha-Mar.jpg-282x300.jpg" alt="" width="282" height="300" />couldn&#8217;t get one, he&#8217;s making a big comeback. Global Gaming is also managing $1.2 billion <strong>Solaire Manila</strong>, in a market where angels fear to tread. Weidner&#8217;s top lieutenants are fellow exiles from <strong>Las Vegas Sands</strong>, President <strong>Brad Stone</strong> and executive veep <strong>Garry Saunders</strong>. At 150 tables and 10 times as many slots, Baha Mar is small by <strong>Las Vegas Strip</strong> standards. But the project itself (30 restaurants, three hotels) is of Sands-like ambition. And<span id="more-10876"></span> the Weidner-Stone-Saunders troika has plenty of experience opening overseas markets. If they succeed at Baha Mar, it&#8217;s difficult to decide who will be more galled &#8230; <strong>Caesars Entertainment</strong> CEO <strong>Gary Loveman</strong> &#8230; or Adelson.</p>
<p><strong><img class="alignleft size-medium wp-image-7600" title="Nugget" src="http://dmckee.lvablog.com/wp-content/uploads/2011/09/Nugget-300x225.jpg" alt="" width="300" height="225" />Whenever some Nevada governor</strong> promises &#8220;no new taxes,&#8221; what he really means is that he&#8217;s going to make the casino industry bend over and grab its ankles while all other industries get off scot-free. Well, when then-Gov. <strong>Jim Gibbons</strong> (R) made a grab for the sales-tax value of comped meals, the industry fought back. Gov. <strong>Brian Sandoval</strong> (R) carried on Gibbons&#8217; crusade for about a legislature today <a href="http://slashpolitics.reviewjournal.com/2013/05/22/comp-meals-deal-almost-done/" target="_blank">before waving the surrender flag today</a>. Kudos to <strong>John Ascuaga&#8217;s Nugget</strong> (<em>above</em>) for being the little-ish casino that said, &#8220;no more.&#8221; (Caesars and <strong>Boyd Gaming</strong> were other litigants.)</p>
<p>The negative consequences of the tax increase were obvious: &#8220;Promotional <img class="alignright size-full wp-image-6381" title="Sandoval" src="http://dmckee.lvablog.com/wp-content/uploads/2011/04/Sandoval.jpg" alt="" width="200" height="220" />allowances&#8221; (comps) would cost casinos more, creating a disincentive to reward customers as generously. Either the bottom line or employees&#8217; standard of living would have taken a hit if casinos, respectively, ate the higher cost of workers&#8217; dining rooms <a href="http://www.reviewjournal.com/business/economy/comp-meals-must-be-taxed-state-tax-commission-finds" target="_blank">or passed it along to the workforce</a>. Everybody lost. As it now stands, the only thing Big Gaming will eat is <a href="http://www.lasvegassun.com/news/2013/feb/17/should-state-take-350-million-gamble-settle-casino/#axzz2TwWBa8xC" target="_blank">$200 million, perhaps more</a>, already paid to the state. Sandoval (<em>right</em>) and the Lege could still double-cross the industry by writing a tax-the-comps law, but it would have to return at least some of that $200 million, too.</p>
<p><strong>For those who may have wondered</strong> or worried, <em>S&amp;G</em> contributor <strong>Jeff_in_OKC</strong> came through the recent tornado bombardment unscathed. His business was about five miles from the epicenter of destruction and he witnessed &#8220;the heaviest lightning I had ever seen&#8221; at close proximity but, except for a brief loss of power, had no complaints. Dunno about you, but I&#8217;m breathing a sigh of relief.</p>
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		<title>Bad news for Riv; Losing your gaming license? Come to Nevada!</title>
		<link>http://dmckee.lvablog.com/?p=10871</link>
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		<pubDate>Wed, 22 May 2013 00:27:52 +0000</pubDate>
		<dc:creator>David McKee</dc:creator>
				<category><![CDATA[California]]></category>
		<category><![CDATA[Current]]></category>
		<category><![CDATA[Fontainebleau]]></category>
		<category><![CDATA[Genting]]></category>
		<category><![CDATA[Herbst Gaming]]></category>
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		<description><![CDATA[A spiffy makeover and a nostalgia-themed market position aren&#8217;t helping the Riviera as customers gravitate back toward higher-priced hotels. A bad neighborhood, while hardly a new phenomenon, isn&#8217;t helping. Having Echelon and Fontainebleau as your neighbors is akin to living next to a cemetery and a slum, respectively. &#8220;We anticipate that our walk-in traffic will [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-medium wp-image-8733" title="Riviera" src="http://dmckee.lvablog.com/wp-content/uploads/2012/03/Riviera-300x231.jpg" alt="" width="300" height="231" />A spiffy makeover and a nostalgia-themed market position aren&#8217;t helping the <strong>Riviera</strong> as customers gravitate back toward higher-priced hotels. A bad neighborhood, while hardly a new phenomenon, isn&#8217;t helping. Having <strong>Echelon</strong> and <strong>Fontainebleau</strong> as your neighbors is akin to living next to a cemetery and a slum, respectively. &#8220;<em>We anticipate that our walk-in traffic will be adversely impacted for the foreseeable future</em>,&#8221; read a gloomy <strong>SEC</strong> <a href="http://cdcgamingreports.com/riviera-reports-7-5-million-first-quarter-loss-lvrj/?doing_wp_cron=1368888187.2570350170135498046875">filing from the Riv</a>. That&#8217;s one helluva bleak prospect for a casino exec to contemplate.</p>
<p><strong>First-quarter losses</strong> almost doubled, to $7.5 million (at a time when business should be at its best and the balance of the Strip was flourishing) and casino revenues fell 29%. <a href="http://www.desertcompanion.com/article.cfm?ArticleID=386" target="_blank">Perhaps that move toward Asian-friendly play</a>, with more emphasis on baccarat, has proven <span id="more-10871"></span>unlucky for the house. Then again, room revs were 25% down and F&amp;B fell a walloping 40%. Riviera President <strong>Andy Choy</strong> better get affairs in order or he&#8217;s going to be updating his resume.</p>
<p><strong>Dicey dossier</strong>: Vegas-based <strong>Galaxy Gaming</strong> has a fateful, July 11 date with the <strong>California <img class="alignleft size-full wp-image-10873" title="contact-galaxy-gaming" src="http://dmckee.lvablog.com/wp-content/uploads/2013/05/contact-galaxy-gaming.jpg" alt="" width="317" height="523" />Gambling Control Commission</strong>, which is looking askance at the company and especially CEO <strong>Robert Saucie</strong>r. An administrative judge determined that Saucier had demonstrated &#8220;<a href="http://cdcgamingreports.com/california-regulators-to-rule-on-galaxy-gaming-ceos-suitability-lvrj/?doing_wp_cron=1368887980.8149850368499755859375">a lack of honesty and integrity</a>&#8221; and may have engaged in some jiggery-poker at the <strong>Mars Hotel &amp; Casino</strong>, in <strong>Spokane</strong>, <strong>Washington</strong>. If you&#8217;ve never heard of it, that may be because it burned down in 1999 under suspicious circumstances. Saucier&#8217;s background, the judge ruled, was sufficient cause to deny him a <strong>California</strong> license, although he has been acting as an equipment provider to Golden State tribal casinos, uneventfully, for the past 14 years. His products &#8212; at least in Class III markets &#8212; include the <strong>TableMAX</strong> automated blackjack game. In California, he stands accused of pocketing side fees and falsifying official documents, charges Saucier denies That being said, Saucier has been remarkably thrifty with the truth, as <a href="http://www.vegasinc.com/news/2013/may/17/board-tells-las-vegas-table-game-maker-stay-out-ca/" target="_blank">a profoundly damning bill of particulars</a> indicates. To cite one instance, a misdemeanor drunk-driving charge was erroneously listed as a dismissal. That hardly seems like the sort of thing one would forget. In many other instances, when asked for material information, Saucier simply didn&#8217;t provide it &#8212; not even that he held a <strong>Nevada</strong> gaming license. (Also a memorable accomplishment, you&#8217;d think.) Oh, and he fibbed about his college degree. Such a peccadillo get the accomplished and admired <strong>J. Terrence Lanni</strong> hounded from the industry, but it&#8217;s practically an afterthought to Saucier&#8217;s litany of alleged dubious accomplished, the merest bagatelle. Believe me, I&#8217;m just scratching the surface of the Saucier File, filled as it is with a maze of shell companies and lawsuits.</p>
<p><strong>My favorite is</strong> a 1998 court case in which Saucier sued the Mars Hotel (i.e., himself) and received a default judgment. Perhaps that was how he intended to get out from under a six-figure <img class="alignright size-full wp-image-10874" title="91fbfe4e1e7ed6d19e11f9a562921e81" src="http://dmckee.lvablog.com/wp-content/uploads/2013/05/91fbfe4e1e7ed6d19e11f9a562921e81.jpg" alt="" width="240" height="240" />judgment to <strong>Sherron Associates</strong>. (&#8220;I don&#8217;t have the money, your Honor. The Mars Hotel &amp; Casino does.&#8221;) Who knows? So, uh, <em>colorful </em>a character would &#8212; you&#8217;d think have a date with <strong>Nevada Gaming Control Board</strong> if California pulls his license. Not so. When <em>Vegas Inc</em>. brought the matter to the attention of the <em>Nevada Gaming Control Boar</em>d, Chairman <strong>A.G. Burnett</strong> all but yawned in the reporter&#8217;s face: &#8220;<em>Other states sometimes have vastly different laws and regulatory  standards than we do. There are cases when a ‘denial’  doesn’t mean the same thing as it does in Nevada</em>.&#8221;  Burnett sleepily assured the newspaper that his investigators would get in touch with California ones, wrote Vegas Inc. staffers, &#8220;to find out more about the allegations and see if they warrant further probing here.&#8221; Gee, ya <em>think</em>? Burnett&#8217;s not-so-implicit message was, What happens elsewhere didn&#8217;t happen.</p>
<p><strong><img class="alignleft size-full wp-image-10872" title="terribles-pic" src="http://dmckee.lvablog.com/wp-content/uploads/2013/05/terribles-pic.jpg" alt="" width="304" height="196" />A &#8216;Terrible&#8217; decision</strong>. When the old <strong>Continental</strong> hotel-casino went bust back in 1999, then-<strong>Herbst Gaming</strong> (itself subsequently defunct and reconstitued as <strong>Jett Gaming</strong>) plucked it up and partially rebuilt it &#8212; although I&#8217;d nominate it for one of the most dysfunction casino-floor layouts in Vegas. <a href="http://cdcgamingreports.com/terribles-casino-to-become-silver-sevens-hotel-casino/?doing_wp_cron=1368888297.9510290622711181640625" target="_blank">Perhaps the latest makeover will remediate that</a>. Now that the Herbst family is history and <strong>Affinity Gaming</strong> is at the reins, the Terrible&#8217;s moniker is out, replaced with <strong>Silver Sevens</strong>. The giant marquee cowboy, a dead ringer for ex-<em>Las Vegas Review-Journal</em> editor <strong>Thomas Mitchell</strong> (and considerably more useful to the community), <a href="http://www.vegasinc.com/news/2013/may/17/after-7-million-renovation-terribles-casino-now-si/#/0" target="_blank">will be donated</a> to the <strong>Neon Museum</strong>. It&#8217;s not a particularly distinguished example of signage, though, and I suggest they stash it way in the back.</p>
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		<title>MGM: No time wasted</title>
		<link>http://dmckee.lvablog.com/?p=10868</link>
		<comments>http://dmckee.lvablog.com/?p=10868#comments</comments>
		<pubDate>Tue, 21 May 2013 22:21:50 +0000</pubDate>
		<dc:creator>David McKee</dc:creator>
				<category><![CDATA[Architecture]]></category>
		<category><![CDATA[Current]]></category>
		<category><![CDATA[MGM Mirage]]></category>
		<category><![CDATA[The Strip]]></category>

		<guid isPermaLink="false">http://dmckee.lvablog.com/?p=10868</guid>
		<description><![CDATA[Say what you like about MGM Resorts International&#8217;s plans for Monte Carlo and New York-York, the company isn&#8217;t letting any grass grow under its feet: As of 9 a.m. this morning, the Monte Carlo facade was merely walled off with naked cyclone fencing. By 3:30 p.m. &#8212; voila! &#8212; a logo-festooned banner had wrapped the [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: left;"><img class="aligncenter size-full wp-image-10869" title="Monte Carlo fence.jpg" src="http://dmckee.lvablog.com/wp-content/uploads/2013/05/Monte-Carlo-fence.jpg.jpg" alt="" width="450" height="335" />Say what you like about <strong>MGM Resorts International</strong>&#8217;s <a href="http://mgmresorts.investorroom.com/2013-04-18-MGM-Resorts-Outlines-Vision-For-Dynamic-Entertainment-District-in-Las-Vegas-Featuring-World-Class-Arena-Dining-Bar-Scene-and-Retail" target="_blank">plans for</a> <strong>Monte Carlo</strong> and <strong>New York-York</strong>, the company isn&#8217;t letting any grass grow under its feet: As of 9 a.m. this morning, the Monte Carlo facade was merely walled off with naked cyclone fencing. By 3:30 p.m. &#8212; <em>voila!</em> &#8212; a logo-festooned banner had wrapped the soon-to-be-demolished Strip entrance, where three new entrances will replace some forlorn <em>faux</em>-Roman statuary. A big <em>S&amp;G</em> &#8216;thank you&#8217; to <strong>Ashley L. Piner</strong> of the <a href="https://www.facebook.com/groups/vegasforbeginners/?fref=ts" target="_blank"><em>Vegas for Beginners</em></a> <strong>Facebook</strong> page for this photo update of what appears to be a fast-track project.</p>
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		<title>Clever Quinn; Rearranging the deck chairs; PE firms repulsed</title>
		<link>http://dmckee.lvablog.com/?p=10861</link>
		<comments>http://dmckee.lvablog.com/?p=10861#comments</comments>
		<pubDate>Tue, 21 May 2013 19:29:47 +0000</pubDate>
		<dc:creator>David McKee</dc:creator>
				<category><![CDATA[Current]]></category>
		<category><![CDATA[Harrah&apos;s]]></category>
		<category><![CDATA[Illinois]]></category>
		<category><![CDATA[Indiana]]></category>
		<category><![CDATA[Massachusetts]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[Sheldon Adelson]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[The Strip]]></category>
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		<description><![CDATA[Just when boosters of casino expansion in Illinois thought they had a done deal, Gov. Pat Quinn (D) sprung a carefully concealed snare: No pension reform, no dice. He dismissed Rep. Lou Lang&#8217;s endless, insane casino crusade as a &#8220;shiny object.&#8221; Even gay marriage is a higher priority for Quinn (who favors it) than adding [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-medium wp-image-5522" title="Gov.Pat Quinn022109" src="http://dmckee.lvablog.com/wp-content/uploads/2011/01/Gov.Pat-Quinn022109-300x188.jpg" alt="" width="300" height="188" />Just when boosters of casino expansion in <strong>Illinois</strong> thought they had a done deal, Gov. <strong>Pat Quinn</strong> (D) sprung a carefully concealed snare: <a href="http://www.chicagotribune.com/news/politics/clout/chi-quinn-pension-reform-before-gambling-expansion-20130520,0,3183028.story" target="_blank">No pension reform, no dice</a>. He dismissed Rep. <strong>Lou Lang</strong>&#8217;s endless, insane casino crusade as a &#8220;shiny object.&#8221; Even gay marriage is a higher priority for Quinn (who favors it) than adding more gambling venues. Illinois solons may have &#8220;found him to be of questionable relevance in deciding what gets voted on,&#8221; but Quinn has stymied racino-pushers like Lang for years. Yesterday&#8217;s sucker punch was yet another example of how skillfully Quinn&#8217;s played a hand that has few face cards in it.</p>
<p><strong>Returning from</strong> the wilderness <a href="http://www.reviewjournal.com/business/casinos-gaming/marina-bay-sands-chief-executive-officer-steps-down" target="_blank">after being ousted</a> from the leadership of <strong>Marina Bay Sands</strong>, <img class="alignright size-full wp-image-10863" title="Thomas-Arasi-110x110" src="http://dmckee.lvablog.com/wp-content/uploads/2013/05/Thomas-Arasi-110x110.jpg" alt="" width="110" height="110" />former <strong>Sheldon Adelson</strong> lieutenant <strong>Tom Arasi</strong> landed himself a glitzy gig right on the <strong>Las Vegas Strip</strong>. As &#8220;president of hospitality,&#8221; h<a href="http://cdcgamingreports.com/caesars-entertainment-leadership-changes-announced-lvrj/" target="_blank">e&#8217;ll oversee everything short of casino operations</a>, with a particular emphasis on the <strong>Quad</strong>/<strong>Linq</strong>/<strong>Gansevoort Las Vegas</strong> development. If longtime <strong>Caesars Entertainment</strong> tribunes <strong>Tom Jenkin</strong> and <strong>John Payne</strong> had their feelings hurt, they were mollified with <span id="more-10861"></span>fancy and nebulous new titles. Jenkin will be &#8220;global president of destination markets&#8221; while Payne is to be &#8220;president of central markets and partnership developments.&#8221; That means Payne gets Flyover Country while Jenkin is tasked with the east and west coasts, plus <em>Horseshoe Hammond</em>, and tribal and international properties. Caesars is desperately trying to go upscale and CEO <strong>Gary Loveman</strong> clearly didn&#8217;t think either Jenkin or Payne was the man for that task. Enter Arasi, stage right.</p>
<p><strong><img class="alignleft size-full wp-image-10864" title="GregBrower_Avatar_200x200" src="http://dmckee.lvablog.com/wp-content/uploads/2013/05/GregBrower_Avatar_200x200.jpg" alt="" width="200" height="200" />As though private equity</strong> firms and hedge funds hadn&#8217;t spent &#8212; er, invested &#8212; your money recklessly enough during the last five to 10 years, <a href="http://cdcgamingreports.com/equity-firm-sports-betting-bill-dies-in-nevada-ap/" target="_blank">they had the cockamamie of wagering Grandma&#8217;s retirement nest egg</a> on <strong>Nevada</strong> sports books. State Sen. <strong>Greg Brower</strong> (R, <em>left</em>) was private equity&#8217;s water boy for this &#8216;prop bet,&#8217; which drew the adverse attention from the <strong>Nevada Gaming Control Board</strong>. Brower called it a &#8220;novel concept,&#8221; which is another way of spelling &#8220;lunatic idiocy.&#8221; Thanfully, Brower&#8217;s baby <a href="http://www.reviewjournal.com/business/casinos-gaming/equity-firm-sports-betting-bill-dies-nevada">was smothered in the crib</a>. Seriously, do you want <strong>Tom Barrack</strong> or <strong>Leon Black</strong> putting down<strong> NBA</strong> wagers with your money?</p>
<p><strong>Meanwhile in Massachusetts &#8230;</strong><br />
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<p>As though the prospect of an $800 million casino weren&#8217;t enough to woo <strong>West Springfield</strong>, $35 million in infrastructure improvements have been added to the pot by <strong>Hard Rock International</strong>. Voters would crazy to turn this deal down, I think.<a href="http://www.masslive.com/news/index.ssf/2013/05/hard_rock_international_shows.html#incart_river" target="_blank"> It&#8217;s awfully &#8220;george</a>.&#8221; That&#8217;s one of the nice things about casino expansion: Suitors will promise you all sorts of goodies in return for being chosen, as though they will sometimes (*<em>cough</em>*<strong>Sands Bethlehem</strong>*<em>cough</em>*) welsh on their promises if business isn&#8217;t what they imagined it would be.</p>
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		<title>PokerStars blows it; Wynn woos Philadelphia</title>
		<link>http://dmckee.lvablog.com/?p=10855</link>
		<comments>http://dmckee.lvablog.com/?p=10855#comments</comments>
		<pubDate>Mon, 20 May 2013 21:03:20 +0000</pubDate>
		<dc:creator>David McKee</dc:creator>
				<category><![CDATA[Atlantic City]]></category>
		<category><![CDATA[Boyd Gaming]]></category>
		<category><![CDATA[Carl Icahn]]></category>
		<category><![CDATA[Colony Capital]]></category>
		<category><![CDATA[Current]]></category>
		<category><![CDATA[Dining]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Economy]]></category>
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		<category><![CDATA[Harrah&apos;s]]></category>
		<category><![CDATA[Internet gambling]]></category>
		<category><![CDATA[Isle of Capri]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Neil Bluhm]]></category>
		<category><![CDATA[Penn National]]></category>
		<category><![CDATA[Pennsylvania]]></category>
		<category><![CDATA[Revel]]></category>
		<category><![CDATA[Steve Wynn]]></category>
		<category><![CDATA[Tilman Fertitta]]></category>
		<category><![CDATA[Tropicana Entertainment]]></category>

		<guid isPermaLink="false">http://dmckee.lvablog.com/?p=10855</guid>
		<description><![CDATA[Score one for Colony Capital: It took Rational Group to the cleaners to  the tune of $11 million and there&#8217;s nothing Rational can do about it. A New Jersey court ruled that the PokerStars parent company had no one to blame for itself, having agreed to the surrender in black and white: If Rational wasn&#8217;t [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-medium wp-image-10856" title="Ac_Hilton" src="http://dmckee.lvablog.com/wp-content/uploads/2013/05/Ac_Hilton-300x270.jpg" alt="" width="300" height="270" />Score one for <strong>Colony Capital</strong>: It took <strong>Rational Group</strong> to the cleaners to  the tune of $11 million and <a href="http://cdcgamingreports.com/judge-atlantic-club-casino-can-seek-new-buyer-ap/?doing_wp_cron=1368888086.4102680683135986328125" target="_blank">there&#8217;s nothing Rational can do about it</a>. A <strong>New Jersey</strong> court ruled that the <strong>PokerStars</strong> parent company had no one to blame for itself, having agreed to the surrender in black and white: If Rational wasn&#8217;t approved by April 26 for its purchase of the <strong>Atlantic Club Hotel</strong>, the money was forfeit. It was all part of the deal. As one of Colony&#8217;s lawyers argued, &#8220;They took the risk they could get it done.&#8221; You might even say they gambled. &#8220;We saved their butts and got the short end of the stick,&#8221; Rational attorney <strong>Wayne Positan</strong> pleaded to an unswayed Superior Court Judge <strong>Raymond Batten</strong>. Perhaps if Positan&#8217;s bosses had been more careful about what they signed and with whom they dealt, they&#8217;d be $11 million less out of pocket today. Nor would I put it past Colony to <a href="http://www.bloomberg.com/news/2013-05-17/pokerstars-loses-court-bid-for-atlantic-city-casino-sale.html" target="_blank">go for the remaining $4 million</a> as a &#8220;termination fee.&#8221; CEO <strong>Tom Barrack</strong> knows no shame.</p>
<p>The good news for Colony is that it gets free money. But the real winner may well be <span id="more-10855"></span><strong>Trump Plaza</strong>, although it&#8217;s not going to sell for any $15 million: <strong>Carl Icahn</strong> will see to that, <img class="alignleft size-thumbnail wp-image-5616" title="CAESARS-ENTERTAINMENT-LOGO" src="http://dmckee.lvablog.com/wp-content/uploads/2011/01/CAESARS-ENTERTAINMENT-LOGO-150x107.jpg" alt="" width="90" height="77" />having already scotched one bargain-price sale. Rational will have to dig a little deeper, since it still wants to be in <strong>Atlantic City</strong>. There is at least one <strong>Caesars Entertainment</strong> property (<strong>Bally&#8217;s Wild Wild West</strong>) that could use new ownership but Caesars is the last company that&#8217;s going to want to let PokerStars onto the Boardwalk. (Caesars, however, may have been playing footsie with <strong>Penn National Gaming</strong> regarding the <strong>Showboat</strong>, although both parties deny it.)</p>
<p><img class="alignright size-medium wp-image-6769" title="Golden Nugget AC" src="http://dmckee.lvablog.com/wp-content/uploads/2011/05/Golden-Nugget-AC-300x224.jpg" alt="" width="300" height="224" />In a veiled jab at <strong>Trump Entertainment Resorts</strong> and Caesars, <strong>Borgata</strong> President <strong>Tom Ballance</strong> said, &#8220;<em>I believe some of the assets in this town need to be transferred to  owners with better balance sheets who can make them more attractive</em>.&#8221; By &#8220;owners,&#8221; he meant people like <strong>Tilman Fertitta</strong>, whose $188 million purchase and makeover of <strong>Trump Marina</strong> into the <strong>Golden Nugget</strong> <a href="http://cdcgamingreports.com/renovation-of-golden-nugget-atlantic-city-spurs-widespread-praise-ap/?doing_wp_cron=1369061163.6493999958038330078125" target="_blank">has been one of the town&#8217;s few success stories lately</a>. Properties like the Nugget, the <strong>Tropicana</strong> and <strong>Resorts Atlantic City</strong> are benefiting from the (long overdue) liberalization of potential uses of <strong>Casino Reinvestment Development Authority</strong> money to put more dollars into amenities. Resorts&#8217; new <strong>Margaritaville</strong> theme <a href="http://www.pressofatlanticcity.com/news/press/atlantic/margaritaville-draws-rave-reviews-at-soft-opening-in-atlantic-city/article_593e046b-57b9-5240-85de-62938f4b00d3.html" target="_blank">is drawing early raves</a>.</p>
<p>A good thing that new stores and restaurants are coming to Atlantic City. <a href="http://www.reviewjournal.com/business/casinos-gaming/battered-atlantic-city-seeks-reinvent-itself-destination-resort" target="_blank">It needs to vamp for time</a> until the <strong>Harrah&#8217;s Atlantic City</strong> convention center opens, perhaps as much as two years hence. A chastened <strong>Revel</strong> is brainstorming what&#8217;s called &#8220;seven-day programming &#8230; that will better cater to our gaming audience.&#8221; In other words, <a href="http://www.reviewjournal.com/business/casinos-gaming/new-leadership-hopes-revitalize-revel-atlantic-city" target="_blank">they&#8217;re not too good for the day-trippers</a> anymore. <strong>New Jersey Casino Control Commission</strong> Chairman <strong>Matthew Levinson</strong> has already been vouchsafed the game plan and says he expects it to succeed. That&#8217;s a bit of a burden to put on <strong>Fine Point Group</strong>, which has barely had time to unpack its suitcases, but let&#8217;s hope he&#8217;s right.</p>
<p><strong>Sprucing up one&#8217;s casino</strong> is also a theme we&#8217;re hearing out of <strong>Philadelphia</strong>. Everybody <img class="alignleft size-medium wp-image-1464" title="Steve Wynn" src="http://dmckee.lvablog.com/wp-content/uploads/2009/12/Steve-Wynn-206x300.jpg" alt="" width="206" height="300" />except the <strong>Pennsylvania Gaming Commission</strong> is saying what is quantifiably inarguable: A fifth casino is going to escalate &#8212; <a href="http://cdcgamingreports.com/philadelphias-current-operators-appear-unfazed-over-prospects-of-new-competition-lvrj/?doing_wp_cron=1369060957.5114169120788574218750" target="_blank">rather dramatically escalate, it would appear</a> &#8212; the cannibalization that is already taking place. <strong>Steve Wynn</strong> just passed through Philly, talking up the idea of a small (300-room) hotel and a boutique-y casino, although he could only be so disingenuous, saying the gambling is &#8220;is what pays for the whole project,&#8221; as indeed it does. While no dollar amount has been attached to the project, Wynn&#8217;s customary lavishness will probably mean an investment even bigger than current big spender <strong>Bart Blatstein</strong>, who plans to pour $700 million into a downtown <strong>Isle of Capri</strong>-run casino. As monthly reports show, the Philadelphia market is past the point of elasticity. To be more competitive, <strong>SugarHouse</strong> is spending $155 million to exponentially increase its casino floor and expand its rather stingy package of amenities (one restaurant, one &#8216;bun and run,&#8217; one bar). <strong>Harrah&#8217;s Philadelphia</strong> has fought back mainly by adding more slots and tables, a strategy which hasn&#8217;t stopped the erosion of its market share. Although <a href="http://www.pghcitypaper.com/Blogh/archives/2013/04/25/pennsylvania-takes-step-toward-legalizing-online-gambling" target="_blank">online gambling could come</a> to <strong>Pennsylvania</strong> during the current legislature, a few Keystone State casinos were over-eager, put up free-play site <a href="http://philadelphia.cbslocal.com/2013/05/20/gaming-board-official-concerned-about-free-on-line-casino-games/" target="_blank">and got their knuckles rapped for it</a>. Too soon, gentlemen. Don&#8217;t give your enemies ammunition with which to shoot you down.</p>
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		<title>Penn cloning process proceeds</title>
		<link>http://dmckee.lvablog.com/?p=10853</link>
		<comments>http://dmckee.lvablog.com/?p=10853#comments</comments>
		<pubDate>Fri, 17 May 2013 18:03:34 +0000</pubDate>
		<dc:creator>David McKee</dc:creator>
				<category><![CDATA[Architecture]]></category>
		<category><![CDATA[Current]]></category>
		<category><![CDATA[Harrah&apos;s]]></category>
		<category><![CDATA[MGM Mirage]]></category>
		<category><![CDATA[Maryland]]></category>
		<category><![CDATA[Massachusetts]]></category>
		<category><![CDATA[Penn National]]></category>
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		<category><![CDATA[The Strip]]></category>
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		<description><![CDATA[Penn National Gaming has filed paperwork with the SEC for an IPO that would enable you to buy into 19 Penn casinos, including flop Hollywood Perryville (shown). This Penn stalking horse would go by the incredibly generic name of Gaming &#38; Leisure Properties (ticker symbol GLPI), a moniker so dull it must have been conceived [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Penn National Gaming</strong> has filed paperwork with the SEC for an IPO that would enable you to <img class="alignleft size-full wp-image-10114" title="Penn MD parlor" src="http://dmckee.lvablog.com/wp-content/uploads/2012/11/Penn-MD-parlor.jpg" alt="" width="339" height="142" />buy into 19 Penn casinos, including flop <strong>Hollywood Perryville</strong> (<em>shown</em>). This Penn stalking horse would go by the incredibly generic name of <strong>Gaming &amp; Leisure Properties</strong> (ticker symbol GLPI), a moniker so dull it must have been conceived by the same kind of unimaginative guys who foisted &#8220;Linq&#8221; and &#8220;Quad&#8221; upon the <strong>Las Vegas Strip</strong>. Anyway, through this REIT puppet, Penn would be able to &#8212; for instance &#8212; own two casinos in <strong>Massachusetts</strong> instead of one, 2.6 in <strong>Pennsylvania</strong> instead of 1.3, etc. Anywhere there&#8217;s a statutory limitation, Gaming &amp; Leisure can make an end run around it. Very transparent, very disingenuous and very, <em>very</em> <span id="more-10853"></span>clever. It&#8217;s certainly a better deal for the shareholders than the proposed <strong>Caesars Growth Partners</strong> IPO, where existing shareholders would have to <em>re</em>purchase their stakes in <strong>Planet Hollywood</strong>, etc.</p>
<p>This move improves Penn&#8217;s ability to own two casinos in <strong>Maryland</strong>, although not its chances. (Its bid ought to be rejected <a href="http://www.bizjournals.com/baltimore/news/2013/05/16/penn-national-spinoff-could-allow-for.html?s=image_gallery" target="_blank">on the basis of the boring design alone</a>.) Since neither <strong>MGM Resorts International</strong> and <strong>Parx Casino</strong> owner <strong>Greenwood Gaming</strong> are planning as much investment or more than Penn &#8212; and don&#8217;t own multiple casinos on <strong>Prince George&#8217;s County</strong>&#8217;s flanks &#8212; a snowball in Hell would stand a better chance of staying frozen than Penn does of getting that Free State last license.</p>
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		<title>Big setback in Toronto; Wynn rebuffed; Cuomo&#8217;s winning streak</title>
		<link>http://dmckee.lvablog.com/?p=10849</link>
		<comments>http://dmckee.lvablog.com/?p=10849#comments</comments>
		<pubDate>Fri, 17 May 2013 17:33:38 +0000</pubDate>
		<dc:creator>David McKee</dc:creator>
				<category><![CDATA[Colorado]]></category>
		<category><![CDATA[Current]]></category>
		<category><![CDATA[Dan Gilbert]]></category>
		<category><![CDATA[Detroit]]></category>
		<category><![CDATA[Economy]]></category>
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		<category><![CDATA[Racinos]]></category>
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		<category><![CDATA[Steve Wynn]]></category>
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		<guid isPermaLink="false">http://dmckee.lvablog.com/?p=10849</guid>
		<description><![CDATA[One of gaming&#8217;s biggest new markets went out with a whimper, not a bang, when colorful Toronto Mayor Rob Ford nixed a scheduled vote on whether to put a casino in the lakeside city, hoping to extract a $97 million &#8220;hosting fee&#8221; from Ontario. Faced with probable defeat, the measure was pulled, leaving all the [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-4934" title="flag_canadian_maple_leaf" src="http://dmckee.lvablog.com/wp-content/uploads/2010/10/flag_canadian_maple_leaf.jpg" alt="" width="370" height="275" />One of gaming&#8217;s biggest new markets went out with a whimper, not a bang, when <a href="http://www.thestar.com/news/city_hall/2013/05/16/toronto_mayor_rob_ford_in_crack_cocaine_video_scandal.html" target="_blank">colorful</a> <strong>Toronto</strong> Mayor <strong>Rob Ford</strong> nixed a scheduled vote on whether to put a casino in the lakeside city, hoping to extract a $97 million &#8220;hosting fee&#8221; from <strong>Ontario</strong>. <a href="http://cdcgamingreports.com/toronto-casino-project-that-drew-nevada-interest-appears-dead/?doing_wp_cron=1368802376.7027270793914794921875" target="_blank">Faced with probable defeat</a>, the measure was pulled, leaving all the <strong>Las Vegas</strong> giants scratching their heads and deciding what to do next. All had been willing to commit huge amounts of money to the Great White North &#8230; insane amounts in the case of <strong>MGM Resorts International</strong>. But if Toronto citizens aren&#8217;t tractable to the idea of a casino, some of their suburban neighbors might not be so persnickety.</p>
<p>Elsewhere in the province, <strong>Caesars Windsor</strong> finds itself in the imminent prospect of competing with <strong>Gary Loveman</strong>&#8217;s BFF, <strong><span id="more-10849"></span>Dan Gilbert</strong>, who&#8217;s wrapping up his purchase of <strong>Greektown Casino</strong>, in <strong>Detroit</strong>, where <strong>Caesars Entertainment</strong> would undoubtedly rather be. Since no company can, by law, own two casinos in the market, Caesars has to find some way to unload woebegone Caesars Windsor and there&#8217;s a tough sell. The gaming industry up north, meanwhile, is struggling through the loss of a $335 million (USD) subsidy to horse tracks and <a href="http://www.thestar.com/news/queenspark/2013/05/16/paul_godfrey_fired_as_head_of_olg.html" target="_blank">the unexpected sacking</a> of the <strong>Ontario Lottery &amp; Gaming Commission</strong>&#8217;s chairman.</p>
<p><strong><img class="alignright size-full wp-image-4902" title="sandoval_t178" src="http://dmckee.lvablog.com/wp-content/uploads/2010/10/sandoval_t178.jpg" alt="" width="178" height="214" />Gaming&#8217;s going to have to</strong> continue going it virtually alone when it comes to picking up the tab for the Nevada. Gov. <strong>Brian Sandoval</strong> (R) spurned <strong>Steve Wynn</strong>&#8217;s request for a microbe-sized gross receipts tax. <a href="http://cdcgamingreports.com/governor-opposed-to-broad-based-tax-lvrj/?doing_wp_cron=1368800130.8653070926666259765625" target="_blank">Further contradicting Wynn</a>, Sandoval said the state&#8217;s casino industry was &#8220;improving steadily.&#8221; By contrast, in <strong>Colorado</strong>, where casinos have had several rough years, <a href="http://www.denverpost.com/breakingnews/ci_23258366/tax-colorado-casinos-remain-same#ixzz2TYpSx03A" target="_blank">the tax rate will not be raised again</a>, as it was last year. Further cause for celebration was an $18 million increase in gross gaming receipts in 2012. Not huge, but heartening just the same. Back home, Sandoval threw the industry a bone in the form of a possible Internet poker alliance with Texas. It&#8217;s difficult to visualize Gov. <strong>Rick Perry</strong> (R), a steadfast gambling opponent, signing that bill &#8211;<a href="http://cdcgamingreports.com/sandoval-deals-with-other-states-on-web-poker-possible-lvrj/?doing_wp_cron=1368802192.9526870250701904296875" target="_blank"> but he owes Sandoval a favor</a>.</p>
<p><strong><img class="alignleft size-full wp-image-10453" title="Mohegan Sun" src="http://dmckee.lvablog.com/wp-content/uploads/2013/02/Mohegan-Sun.jpg" alt="" width="300" height="186" />Didn&#8217;t I</strong> predict that<strong> Springfield</strong>-spurned <strong>Penn National Gaming</strong> will now likely pursue a casino license in <strong>Massachusetts</strong>&#8216; southeastern Region C? Seems <a href="http://cdcgamingreports.com/gambling-panel-weighs-southeast-mass-casino-bids-ap/?doing_wp_cron=1368800845.8110630512237548828125" target="_blank">others have reached the same conclusion</a>. Penn&#8217;s &#8220;street cred&#8221; would dwarf anybody else currently in the running. However, Bay State casinos shouldn&#8217;t bank too heavily on the<strong> Connecticut</strong> market: The state&#8217;s two tribal casinos posted further declines in slot revenue, with <strong>Foxwoods Resort Casino</strong>, in a seven-month swoon, down 10%. On both a dollar and percentage basis, <strong>Mohegan Sun</strong> (<em>above</em>) performed better, 4% off last year&#8217;s pace.</p>
<p><img class="alignright size-full wp-image-5314" title="Foxwoods_Casino" src="http://dmckee.lvablog.com/wp-content/uploads/2010/12/Foxwoods_Casino.jpg" alt="" width="300" height="225" />We&#8217;re going to have to take Foxwoods CEO <strong>Scott &#8220;Woody&#8221; Butera</strong>&#8217;s word for it that good times are already here. &#8220;<em>Table games, food and beverage, entertainment and the overall profitability of the enterprise were very good</em>,&#8221; he asserted, but those numbers aren&#8217;t shared with the state. Foxwoods&#8217; gaming numbers weren&#8217;t even helped by taking 100 slot machines off the floor, the first time it&#8217;s had fewer than 6,000 in 12 years. Sounds like &#8220;Woody&#8221; needs to cut back a little further on his slot inventory. At least he and his opposite numbers at Mohegan Sun can take comfort from <strong>New York</strong> Gov. <strong>Andrew Cuomo</strong>&#8217;s <a href="http://www.nypost.com/p/news/local/cuomo_deals_li_out_Yq92kLPiuNUYeCvoxlXxcO?utm_medium=rss&amp;utm_content=Local" target="_blank">nixing of slots</a> at <strong>Belmont Park</strong> and <strong>OTB</strong> <a href="http://www.nypost.com/p/news/local/long_island_casino_in_play_in_ny_ig3rNRIt9gccvSxJK4PJCM" target="_blank">outlets on</a> <strong>Long Island</strong>. Cuomo&#8217;s dealing a hot hand right now, <a href="http://cdcgamingreports.com/oneidas-reach-deal-with-ny-on-casino-operations-ap/?doing_wp_cron=1368799585.7521169185638427734375" target="_blank">having just struck a lucrative deal</a> with the <strong>Turning Stone</strong> racino upstate.</p>
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		<pubDate>Fri, 17 May 2013 15:32:40 +0000</pubDate>
		<dc:creator>David McKee</dc:creator>
				<category><![CDATA[Entertainment]]></category>
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Found by Vintage Vegas Valley, a Facebook page you really should &#8220;like.&#8221; As in, right this minute.
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			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-10847" title="Caesars Sinatra.jpg" src="http://dmckee.lvablog.com/wp-content/uploads/2013/05/Caesars-Sinatra.jpg.jpg" alt="" width="445" height="566" /></p>
<p>Found by <em>Vintage Vegas Valley</em>, a <strong>Facebook</strong> page you really should &#8220;like.&#8221; As in, right this minute.</p>
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