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An Ill-Conceived Wager

A New York State panel has recommended a racino for Belmont Park race track in Nassau County, despite concerns from some legislators that it will cut into promised revenues from the racino at Aqueduct.
According to the plan, eight acres at Belmont will be developed as a hotel and racino, and another 20 acres will include […]

Stock Guru

We’ve all experienced the rather breathtaking decline in gaming stocks in the past two years. No gaming company has been immune. And even for those companies that were taken private prior to the huge decline, it hasn’t been a bed or roses either. Two of the larger now-private companies, Station Casinos and Harrah’s Entertainment, are […]

It’s the Tax, Stupid

When it comes to creation of new gaming jurisdictions, politicians’ ignorance of history never ceases to amaze me.
Officials and lawmakers in Maryland have decided to forge ahead in creating the new slot industry there, despite the slim showing they had in bids. The state put out a request for applications for five slot locations totaling […]

Trop: Enter Icahn

The aftermath of yesterday’s meeting of the New Jersey Casino Control Commission meeting on the fate of the Atlantic City Tropicana brought a name into the possible future of the troubled resort that is familiar to many not only in these parts but in casino circles in general: billionaire Carl Icahn (below).

The commission met to […]

Three No Trump

For the third time, Trump Entertainment Resorts has filed for Chapter 11 bankruptcy protection. But when the court proceedings get under way, corporate namesake Donald Trump won’t be front and center. As of Friday, February 13, Trump is the former chairman of the board of the company so closely associated with his image, his heirs—and […]

Keystone Cops

I generally have a favorable impression of Pennsylvania Governor Ed Rendell. The former Philadelphia mayor pushed casino gaming in his state when he was elected governor about six years ago. And while the introduction of slots at racetracks and stand-alone slot parlors hasn’t been without a few bumps in the road, it has, in the […]

That’s Our Mayor!

Since I moved to Las Vegas in 2005 I have been a fan of Mayor Oscar Goodman. I found it kind of refreshing that there was a politician who was willing to say what he was thinking, not what he thought people wanted to hear. His response to the flack he received after telling an […]

Protectionism

I’ve always enjoyed being at the London casino expo in January, and this year was no exception. The exhibitors held up their end of the bargain with larger and more attractive stands and plenty of new and exciting products. I even got used to the new name of the show, the generic IGE, […]

Back to the Basics

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 […]

U.S. Online Approach Laughable

I’m really enjoying the mess the U.S. has made of the online gaming industry. I’m a pessimist and a cynic, so when people ruin things, I light up with joy.
And that is essentially what is happening in the U.S. right now. The country is ruining it for everyone.
The Unlawful Internet Gambling Enforcement Act is totally […]