In the last year, we’ve seen gaming disappear from Russia and Ukraine. Tough anti-gambling laws were enacted in Poland that dramatically shrunk the size of the gaming industry there. And in Bulgaria, the tax rate was raised.
While there are multiple reasons for these […]
I had a meeting with Dan Nita this week. Dan is the chief of the four Harrah’s properties in Atlantic City, and he mentioned that it was 30 years this week since Caesars opened. I was surprised but I guess I shouldn’t have been. After all, last year we did a complete story about the […]
It’s been more than seven years since racetrack casinos were legalized in New York City. But the concept, which won government approval just weeks after the 2001 terrorist attacks, remains just that–a concept, a vision, a maybe, a maybe not. An uncashed check.
Given its prime location in Queens borough, the planned racino at Aqueduct (below) […]
The St. Regis Mohawk tribe of New York State spent more than a decade planning a casino for the Catskill Mountains. But in 2008, just as George W. Bush prepared to leave office, the project was deep-sixed by then-Interior Secretary Dirk Kempthorne. Kempthorne, like George W., opposed off-reservation gambling.
Now that Dirk and W. have left […]
One of the reasons I have little or no respect for politicians is that they don’t even know basic math.
Just look at Congress debating the so-called Stimulus Bill. There are reports out today that if this bill goes through, Americans are on the hook for more than $9 TRILLION! Now that’s not all in this […]
Now I’ll be the first to admit I don’t quite get how the VIP business runs in Macau. But as I understand it, the casinos in Macau hire individual or corporate junket operators to bring in big players. At this point, it’s very much like the junket business in the U.S. But in Macau, the […]