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AC casino workers protest

An estimated 5,000 casino workers and their supporters from the local chapter of the AFL-CIO planned a “parade” down the AC Boardwalk last weekend to demonstrate their impatience with the snail’s-pace progress of union negotiations.
Instead, at the last minute and at the behest of AFL leader Roy Foster, they chose to take their protest down […]

Third Party in Asia

While in the United States, the gaming industry is quite familiar with “junkets,” the word in Asia has a very different meaning. Junketeers in Asia are more like partners with the casino, rather than the glorified travel agents they are in the U.S.
The VIP business in Asia (it’s called the gaming intermediary business) is a […]

Sure, I can balance a checkbook. On my nose!

That’s my standard line whenever the subject turns to money management. And whenever I have pause to reflect on poor financial decisions, distant past or recent past, I remind myself that I’m much more money-smart than the former CEO of Goldman Sachs. Somehow, that always makes me feel a little bit better.
That former CEO is […]

Playing with Numbers

I’ve been working on this pain-in-the-ass story about Downtown Las Vegas, and have been going over revenue reports that date back to 1993. Long story short: it’s been a roller coaster ride for the operators.
One month up, one month down, two months up, three months down.
For the past several months, however, going back to November […]

Report from Macau

We’re here for the first day of G2E Asia, the version of the Global Gaming Expo tailored specifically for the Asian markets. It’s at the Venetian Macao, which is a fantastic property and prime spot for meetings and conventions.
An opening press briefing just concluded; it was an update on the market from Frank Fahrenkopf, CEO […]